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Tag Archives Corn — page 51

CBOT December 2023 soft red winter wheat with 20-day moving average, MGEX December 2023 hard red spring wheat (yellow high/low/close) and K.C. December 2023 hard red winter wheat (orange HLC). (Barchart)
Crops, Markets

U.S. grains: Wheat down on supply concerns, soft demand

K.C., MGEX wheats also set contract lows; corn, soy up

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Chicago | Reuters — U.S. wheat futures fell across the board on Tuesday on soft demand and as supply concerns weakened in the Southern Hemisphere, while soybean futures pushed higher on adverse weather in Brazil. The most-active wheat contract on the Chicago Board of Trade (CBOT) ended down 9-3/4 cents at $5.56-1/4 per bushel and […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Canadian feeder market holds value despite weaker futures

Weaker loonie offers support

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Compared to last week, western Canadian yearling prices traded $3-$5 lower while calf values were relatively unchanged. The market was slightly softer early in the week. On Wednesday, Alberta packers renewed fed cattle bids similar to week-ago levels and the aggressive buying lifted calf prices back up to levels similar to seven days earlier. Adverse […] Read more
CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: South America rains push soy futures down

Wheat, corn futures also drop

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Chicago | Reuters — U.S. soybean futures declined about one per cent on Monday on profit-taking and pressure from beneficial rains over the last few days in South American crop areas, offsetting a weather premium that had been building for the oilseed crop. Corn and wheat futures also fell. Benchmark January soybeans on the Chicago […] Read more
(File photo by Dave Bedard)
Crops, Markets

Fund short position hits new record in ICE canola

Traders return to net long on soybeans

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MarketsFarm — The net speculative short position in the ICE Futures canola market rose to its largest level ever recorded as fund traders put on fresh bearish bets and liquidated previously placed long positions, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 24, the […] Read more
CBOT January 2024 soybeans with 20-day moving average (right column) and CBOT December 2023 soymeal (dark green line, left column). (Barchart)
Crops, Markets

U.S. grains: Soybeans, soymeal climb on demand

CBOT wheat falls; gains in soy help lift corn

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Chicago | Reuters — Chicago Board of Trade soybean futures rallied and soymeal hit a contract high on Friday on strong demand for U.S. supplies, analysts said. U.S. soymeal exports are on their way to new highs this season after a poor soybean harvest in top soymeal exporter Argentina earlier this year. Domestic soymeal users, […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets

Feed weekly outlook: Grains see flat demand, price movement

A clearer picture of new-crop corn availability may provide direction

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MarketsFarm — Recent demand for feed grains from feedlots has been in a standstill, according to Erin Harakal, trade manager for Agfinity Inc. at Stony Plain, Alta. “It’s been flat, probably since the end of September. We haven’t seen any big changes when it comes to demand or prices,” she said. “From what we’ve been […] Read more
Big crops tend to get bigger as harvest progresses.
Markets, Markets/Business

Ontario farmers sell plenty from big corn crop

Ukraine war, Russian competition limit export demand for province’s corn

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As of Oct. 18, we estimate the Ontario soybean harvest was 40 per cent complete and corn progress stood at 30 per cent. Cooler temperatures delayed row crop harvest by 10 to 15 days. Harvest may stretch into November, as the latter half of October saw intermittent rains and cooler temperatures across the province. Yield […] Read more
CBOT December 2023 soft red winter wheat with 20-day moving average, MGEX December 2023 hard red spring wheat (yellow line) and K.C. December 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat up off two-week low on Ukraine export uncertainty

Ukraine denies suspension of Black Sea export corridor

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Chicago | Reuters — Chicago Board of Trade wheat futures rose from a two-week low on Thursday on jitters about supply risks from the Ukraine war. Ukraine, a major grain exporter, has been using a Black Sea shipping channel to try to revive its seaborne shipments without Russian approval after Moscow in July quit a […] Read more
A soybean field north of St. Adolphe, Man. on Sept. 17, 2023. (Dave Bedard photo)
Crops, Markets

CBOT weekly outlook: Seasonal harvest pressure weighs on soy, corn

Soyoil/meal spread worth watching

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MarketsFarm — Soybean and corn futures at the Chicago Board of Trade may be hard pressed to move much higher in the short-term, as advancing harvest operations across the U.S. leave the market flush with supplies. However, solid underlying demand should remain supportive on the other side, according to an analyst. “Seasonal harvest pressure is […] Read more
CBOT December 2023 corn with 20- and 50-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn, soy, wheat futures sag as beneficial rains hit South America

Rains benefit Argentina's core farmland

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Chicago | Reuters — U.S. grain and soybean futures ended lower on Wednesday as favourable rains reached crop belts in South America and the U.S., analysts said. Traders are watching global weather after drought has hurt crop production in Argentina and the U.S. Plains and slowed soybean plantings in Brazil. South American conditions are particularly […] Read more

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