Chicago | Reuters — U.S. soybean futures rose slightly on Wednesday, reflecting a slowdown in the Midwest harvest as rains stalled fieldwork and weak cash values discouraged farmer selling, analysts said. Wheat futures fell on technical selling and corn was modestly lower. Chicago Board of Trade November soybeans settled up three cents at $9.58-1/4 per […] Read more
Tag Archives harvest — page 41
U.S. grains: Soy firm as farmer selling eases
CBOT weekly outlook: Corn dips under $3.50 as harvest pushes on
CNS Canada — The corn market dropped below a major support level during the week ended Wednesday and could be poised to hit further market lows, according to one analyst. “I think we’re within a dime or something of it,” said Jack Scoville of Price Futures Group in Chicago. The December contract fell 5.75 cents […] Read more
Oat prices keep firm as harvest rolls in
CNS Canada — Oat prices firmed this week in Saskatchewan as reports streamed in indicating yields were slightly better than anticipated. Harvest in Saskatchewan is over three-quarters complete, although recent rains have delayed that progress somewhat. The province is the dominant growing area for Canadian oats. Bids rose five cents to a range of $2.33 […] Read more
ICE weekly outlook: Canola facing uphill climb
CNS Canada — Bearish headwinds facing the canola market may have gotten slightly worse, after the U.S. Environmental Protection Agency announced it was considering cuts to biofuel requirements in U.S. fuel. The EPA said Tuesday it was looking for feedback on proposed reductions to the renewable fuel obligations in the 2018 and 2019 Renewable Fuel […] Read more
CBOT weekly outlook: Harvest pressure to weigh on soy, corn
CNS Canada — U.S. harvest operations are just getting started, which should keep soybean and corn futures at the Chicago Board of Trade under pressure over the next few weeks. Both commodities are expected to “grind a little lower” over the next few weeks, according to Terry Reilly of Futures International in Chicago. The U.S. […] Read more
Some Ontario farms could get minimum wage support, Wynne says
Ontario Premier Kathleen Wynne opened the door to potential support for some farming businesses during a rapid increase to a $15 minimum wage by 2019. Wynne spoke to reporters on the opening day of the International Plowing Match in Walton Ont., and refused to move on the aggressive timeline for the adoption of a $15 […] Read more
CBOT weekly outlook: Corn, soy look for export demand
CNS Canada — The ongoing U.S. harvest is keeping a lid on rallies in both the corn and soybean markets. Corn futures on the Chicago Board of Trade chopped above and below the psychologically-important US$3.50 per bushel mark during the week ended Wednesday. Soybeans felt some pressure from fund selling and generally seemed to be […] Read more
Manitoba’s soybean harvest well underway
Soybeans are being harvested in the heart of Manitoba’s traditional soybean belt, but as of Thursday, there were still fields a week or more away from the combine depending on the weather. The variability underscores differences in maturity among varieties and seeding dates. Dry, warm weather until now has helped ripen soybean crops across agricultural […] Read more
Diesel prices could rise further in Harvey’s wake
CNS Canada — Diesel prices in Western Canada have risen by about six to seven cents a litre since Hurricane Harvey ravaged the petroleum-rich Texas coast. An expert with the fuel industry says harvest pressure will likely keep the diesel market from correcting downward, and push prices up a bit more. “So (the market) appears […] Read more
CBOT weekly outlook; Corn, soybeans holding above support
CNS Canada — Corn and soybean markets appear to be holding firm above major support levels as harvest approaches for much of the U.S. Futures have actually risen in recent days as large funds cover shorts ahead of next week’s supply and demand report, due out Tuesday next week from the U.S. Department of Agriculture. […] Read more
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