Soybeans Archives | Canadian Cattlemen

ICE weekly outlook: Canola still pressured by soybeans, rangebound

By Marlo Glass – MarketsFarm November 27, 2019

MarketsFarm — The trench in which ICE Futures January canola now finds itself is expected to hold firm, according to Ken Ball of PI Financial in Winnipeg. “We’re developing a range for the January contract that might hold up for a while, around $455-$467 roughly,” he said. “We could kick up and down in that […] Read more

Crops, Markets, Soybeans, Weather

U.S. books latest end to soy harvest in a decade

By Glen Hallick - MarketsFarm November 13, 2019

MarketsFarm —The U.S. Department of Agriculture (USDA), in its oilseed crops outlook issued Wednesday, said the country’s 2019 soybean harvest will wind up the latest in 10 years. As of Sunday, the overall U.S. soybean harvest stood at 85 per cent complete, according to USDA’s weekly crop progress report. The pace was two points behind […] Read more

Corn, Markets, Reuters, Soybeans

U.S. corn exports falter, soybean business could meet same fate

By Karen Braun November 7, 2019

Fort Collins | Reuters – It is no secret that overseas demand for U.S. corn has been downright terrible as of late, and relief does not seem likely in the immediate term as purchase commitments remain dismal. Forward sales for U.S. soybeans are nothing to brag about either, but soy exporters have enjoyed more success recently than […] Read more

Crops, Reuters, Soybeans

Brazil farmers push traders to end Amazon soy moratorium

By roberto-samora November 6, 2019

Sao Paulo | Reuters – Brazilian farmers plan to start a campaign next week to end a ban by trading firms on buying soybeans from parts of the Amazon rainforest cleared after 2008, leaders from a major farmer group told Reuters, citing support from President Jair Bolsonaro. The push to end traders’ voluntary “soy moratorium” — one […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola bids return to being range-bound

By Glen Hallick - MarketsFarm October 31, 2019

MarketsFarm – Until the New Year expect canola bids to remain range-bound much like it was during the summer, according to one Winnipeg-based analyst. “Canola going C$10 lower isn’t out of the question,” commented David Derwin, commodity portfolio manager with PI Financial. Below normal temperatures on the Prairies coupled with rain and snow have provided […] Read more

Reuters, Soybeans

Beijing’s refusal to order U.S. farm buys becomes pain point

By Hallie Gu, Heather Timmons October 30, 2019

Washington/Beijing/Reuters – U.S. President Donald Trump’s demand that Beijing commit to big purchases of American farm products has become a major sticking point in talks to end the Sino-U.S. trade war, according to several people briefed on the negotiations. Trump has said publicly that China could buy as much as $50 billion of U.S. farm […] Read more

Crops, Markets, Reuters

Corn, soy harvest advances, except for in North Dakota: Braun

By Karen Braun / Reuters October 29, 2019

Fort Collins | Reuters – The U.S. Crop Watch growers report decent progression of the corn and soybean harvests last week, and the overall sentiment toward the crop is unchanged on the week. However, parts of North Dakota continue to struggle in the wet conditions, which are preventing harvest equipment from entering the fields. Four […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Harvest activity drops commodities

By Marlo Glass October 23, 2019

MarketsFarm — Commodities on the Chicago Board of Trade were mostly lower Wednesday amid a slower news week and harvest activity putting pressure on prices. “We’ve had a quieter week,” said Steve Georgy of Allendale Inc. at McHenry, Ill. “The market starts to fall of its own weight as we’re in harvest season.” Harvest activity, […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Corn, soy prices to continue climbing

By Glen Hallick - MarketsFarm October 16, 2019

MarketsFarm — Prices on the Chicago Board of Trade will probably continue to climb, especially for corn and soybeans, according to Scott Capinegro of Barrington Commodities. “The basis remains strong and when the basis is strong, as far as I am concerned, that means the futures should be strong,” he said. Although CBOT bids have […] Read more

Canola, Crops, Markets

Fund traders back away from bearish bets in grains, oilseeds

By Phil Franz-Warkentin October 15, 2019

MarketsFarm — Commodity fund traders were busy covering short positions in corn and canola during the week ended Oct. 8, and even moved to a small net long in soybeans, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE […] Read more

JBS says U.S. IPO would not change headquarters

Prairie cash wheat: CWRS prices up, durum largely down

U.S. grains: Soy futures rise as China offers tariff waivers

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