Reading Time: 2 minutes MarketsFarm — Canola prices fell back during the course of the last week, but should begin to move higher going into the coming week, according to trader Ken Ball of PI Financial in Winnipeg. Canola likely “reached the top” last week with profit-taking having set in, he said, noting a lot of money pours into […] Read more
Tag Archives ending stocks
ICE weekly outlook: Potential remains for higher canola prices
U.S. grains: Corn, soy retreat as USDA’s supply cuts disappoint
Renewed talk of Russian export curbs supports wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures turned lower on Thursday after the U.S. Department of Agriculture (USDA) trimmed its soybean supply outlook by less than expected and left its corn stocks view unchanged in an monthly report. Wheat futures pulled back from early highs on spillover pressure from retreating corn and soybeans, […] Read more
CBOT weekly outlook: Some surprises in USDA’s WASDE
Reading Time: 2 minutes MarketsFarm — The U.S. Department of Agriculture has thrown a few curveballs in an otherwise mundane supply-and-demand report issued Thursday, according to broker Ryan Ettner of Allendale Inc. at McHenry, Ill. Although USDA, in its December world agricultural supply and demand estimates (WASDE), lowered soybean ending stocks for the 2020-21 marketing year, the cut wasn’t […] Read more
ICE weekly outlook: Two reports likely to increase canola values
Reading Time: 2 minutes MarketsFarm — Although canola has seen some backpedalling this week, the markets should get two good shots in the arm from a pair of reports, according to Wayne Palmer, analyst with Exceed Grains in Winnipeg. The first will very likely come from the principal field crops report , to be released Thursday by Statistics Canada. […] Read more
Crop stocks forecasts mostly unchanged in AAFC supply/demand report
Corn carryout revised upward
Reading Time: < 1 minute MarketsFarm — Updated crop supply/demand tables from Agriculture and Agri-Food Canada, released Friday, included only minor changes from the previous month. Larger adjustments are expected after Statistics Canada releases its final production numbers for the year on Dec. 3. Canola and all-wheat ending stocks for the 2020-21 marketing year were both left unchanged at 2.25 […] Read more
Flax facing tightening supplies
Reading Time: 2 minutes MarketsFarm — Solid export demand has pushed Canadian flax prices up sharply over the past month, with the market working to ration demand amid expectations for tightening supplies. The flax market in general is “just gone crazy. We’re up 50 per cent since the start of harvest,” Scott Shiels of Grain Millers Canada at Yorkton, […] Read more
U.S. grains: Soybeans up again on export demand, supply concerns
Markets recover after setback on Thursday
Reading Time: 2 minutes Chicago | Reuters — U.S. grain futures rose on Friday as soybeans traded near a 4-1/2-year high reached earlier this week on strong export demand and tightening domestic inventories. The soybean market appeared to be well supported at current prices, after the U.S. Department of Agriculture ignited a rally with a report on Tuesday that […] Read more
U.S. grains: Soybean futures retreat off 4-1/2 year high
Technical selling adds pressure on corn futures, analyst says
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures pulled back on Thursday, a session after they hit their highest level in about 4-1/2 years, and corn futures retreated from their highest in more than a year. The markets took a breather after rallying on a U.S. Department of Agriculture crop report, issued Tuesday, […] Read more
U.S. grains: Soy futures hit highest in over four years
U.S. soy stocks enter 'danger zone,' Rabobank says
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures on Wednesday hit new four-year highs for the third consecutive day, while corn futures retreated after topping a one-year high on strong export demand and tighter supply estimates. Soybeans extended a rally after the U.S. Department of Agriculture on Tuesday issued a monthly crop report that said corn […] Read more
U.S. grains: Soybean futures surge again to new four-year high
USDA cuts corn, soybean yield estimates
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures soared to a fresh four-year high on Tuesday and corn topped a one-year high after the U.S. Department of Agriculture said stockpiles this marketing year will fall to their smallest in seven years. The forecasts, issued in a monthly crop report, reflected a decline in […] Read more
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