Chicago | Reuters — Chicago corn and wheat futures settled down on Tuesday after the U.S. Department of Agriculture (USDA) raised its condition ratings for both grains and more crop-friendly weather was forecast for the Midwest. “This downward trend has been led by wheat,” said Ted Seifried of Zaner Group. “These crop conditions are absolutely […] Read more
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U.S. grains: Wheat, corn down on crop conditions, weather
Pulse weekly outlook: Lentil exports ahead of last year’s pace
MarketsFarm — Canada’s lentil exports have been good this year, according to Marlene Boersch of Mercantile Consulting Venture in Winnipeg. “At the end of April we were 26 per cent ahead of last year’s pace. Most of that is due to buying from India. Everybody’s surprised,” she said, Total lentil exports were 1.16 million tonnes […] Read more
U.S. grains: Wheat edges lower on profit-taking
New York | Reuters — U.S. wheat futures inched lower on Tuesday as investors took profits after prices hit a one-month high on U.S. export optimism and adverse weather in the United States that threatened to delay sowing. Soybean and corn futures fell on technical selling. Chicago Board of Trade May wheat dropped 1/4 cent […] Read more
U.S. grains: CBOT wheat plunges to seven-month low
Chicago | Reuters — Chicago Board of Trade wheat futures plunged yet again on Wednesday as traders fretted over lagging U.S. exports despite them being competitively priced in the global market. Soybeans started the day off on the negative side, with the most active soybean contract dipping just below the one-month low struck a day […] Read more
U.S. grains: Wheat nears two-week low on export worries
Chicago | Reuters — U.S. wheat futures fell about one per cent on Tuesday to their lowest in nearly two weeks on worries about a slow pace of export business, traders said. Soybean and corn futures declined on concerns over U.S.-China trade tensions ahead of talks this week in Washington. Chicago Board of Trade March […] Read more
U.S. grains: China sales hopes lift soy, wheat sinks on demand worry
Chicago | Reuters — U.S. soybean futures inched higher for a fourth straight session on Wednesday in light trading as investors sought clues as to whether a truce between Washington and Beijing in their trade dispute would revive U.S. soybean sales to China. Corn, which could also benefit from renewed Chinese demand, ended little changed. […] Read more
U.S. grains: Wheat tops one-week high on improving export demand
Chicago | Reuters — U.S. wheat futures topped one-week highs on Friday on hopes for improved export demand after sales to Egypt, while corn and soybean futures slumped. Egypt’s state grain buyer, the General Authority for Supply Commodities, said it bought 240,000 tonnes of wheat in an international purchasing tender on Thursday, with half of […] Read more
Pulse weekly outlook: Prairie fababeans spike on global production issues
CNS Canada — Fababean prices in Western Canada have seen a boost lately due to global production problems, but according to a buyer this is a temporary situation. “Over the last 45 days we’ve saw this market spike, we’ll call it a buck a bushel that we’ve seen that increase from where we would typically […] Read more
U.S. grains: Soybeans rebound from 10-year low
Chicago | Reuters — U.S. soybean futures rose roughly two per cent on Wednesday, rebounding a day after the most active contract fell to a 10-year low as the harvest of a likely record-large U.S. crop got under way, analysts said. U.S. wheat futures climbed on technical buying and tightening global supplies, while corn futures […] Read more
U.S. grains: Export concerns push wheat, soybean futures lower
Chicago | Reuters — U.S. wheat futures fell two per cent on Tuesday, their fifth decline in the last six sessions, as investment funds cut their risk exposure to the grain following a surprise short-covering rally on Monday, traders said. Poor demand for U.S. wheat exports amid expectations of a jump in winter wheat plantings […] Read more