Statistics Canada’s November 2024 yield and production survey confirmed expectations. The outlook for corn and wheat remains bullish for the spring period due to tighter ending stocks from major exporters. The soybean market is expected to remain under pressure due to burdensome fundamentals.
Tag Archives grain markets
Soybean crop continues to grow year over year
Product value will continue to be under pressure moving into 2025
China’s 2024 total grain output rises to record 706 mln tons
China's total grain production reached a record of more than 700 million metric tons in 2024, the National Bureau of Statistics said on Friday, as Beijing moves to boost output in its quest to achieve food security.
Russian grain exports to Syria suspended due to uncertainty
Russian wheat supplies to Syria have been suspended because of uncertainty about the new government and payment delays, Russian and Syrian sources said on Friday, while two vessels carrying Russian wheat for Syria did not reach their destinations.
CBOT Weekly: U.S. election drags down soybeans
Results from the United States election pulled down soybean prices at the Chicago Board of Trade during the week ended Nov. 13, 2024.
Prairie Wheat Weekly: Spring wheat bids rise, durum down
Spring wheat bids in Western Canada were slightly higher than the week before on Nov. 7, 2024. Meanwhile, durum prices were a bit lower.
CBOT weekly outlook: Trio of events loom over U.S. soybeans, corn
The trade's initial reaction to the re-election of former United States President Donald Trump was bearish for soybeans and corn on the Chicago Board of Trade on Nov. 6. Meanwhile, the U.S. Federal Reserve's interest rate announcement on Nov. 7 and the U.S. Department of Agriculture's supply and demand report on Nov. 8 are likely to have a bullish effect on those commodities, said Allendale Inc. president Steve Georgy.
U.S. soybean crush sees record high for September
Healthy crush margins are enhancing domestic demand in Ontario and U.S
Corn and soybean prices are hovering near seasonal lows and are expected to percolate higher throughout November and December. Wheat prices have come off their highs in the short term but we’re expecting them to trend higher after the Southern Hemisphere harvest.
Ukrainian grain exports to fall in 2024/25: USDA attaché
Ukrainian grain exports are expected to be down in the 2024/25 marketing year due to smaller crops, tighter carryout stocks and the ongoing challenges of shipping through the Black Sea, according to the United States Department of Agriculture’s Foreign Agricultural Service in Kyiv.
Russia’s proposed grain exchange for BRICS countries may take years to launch
Russia's proposal for a new international grain exchange could take years to get off the ground even though the plan was welcomed by members of the BRICS group of countries at a summit this week in Kazan in Russia.
Feed Grain Weekly: Less activity before corn deliveries
Despite a lack of activity in the feed grain markets, prices for feed barley and feed grain are trending lower, according to a grain broker from Edmonton.
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