Chicago | Reuters — Chicago wheat and corn futures climbed more than one per cent on Thursday as traders covered more short positions following a slump to multi-year lows and as weekly export sales topped forecasts and included sizeable purchases by major importer China. Soybeans were lower in range-bound trading after the U.S. Department of […] Read more
Tag Archives markets — page 36
U.S. grains: Chicago wheat, corn rally as export sales top forecasts
Soybeans lower in narrow trading
CBOT weekly: Mostly bullish influences on soy, corn, wheat
China increasing imports, Brazil in weather bind
MarketsFarm — While extreme weather differences in Brazil remained the main focus of the Chicago Board of Trade’s attention, increased imports by China were becoming another major factor, according to Terry Reilly, senior agricultural specialist for Marex in Chicago. “People are watching China’s increased demand for soybeans, wheat and potentially corn,” Reilly said, noting the […] Read more
ICE weekly outlook: Canola prices could rebound
'There's nothing all that exciting to look at'
MarketsFarm — Winnipeg-based trader Ken Ball from PI Financial is cautiously optimistic that canola prices can rebound in the short term. The January canola contract closed at $702.30 per tonne on Wednesday a weekly loss of $7.40. The contract fell below the $700 level on U.S. Thanksgiving on Nov. 23, a day with little volume. […] Read more
U.S. grains: Chicago wheat finishes higher on short covering
Soybeans nearly unchanged, drought in Brazil looms over production
Chicago | Reuters — Chicago wheat futures climbed more than two per cent on Wednesday, extending gains from the previous session as traders covered their short positions ahead of month-end and first notice day for the spot December contract. Soybeans retreated in early trading before recovering as traders accessed adverse crop weather in Brazil. Corn […] Read more
Pulse weekly outlook: Green lentils show strength, reds lag
Green lentil sales limited as farmers bullish
MarketsFarm — Green lentil bids in Western Canada are trading at their highest levels of the past year, with solid new-crop pricing opportunities already becoming available. Spot bids for large green lentils can currently be found in the 60 to 72 cents/lb. area, according to Prairie Ag Hotwire data, with new-crop contracts hitting 50 cents […] Read more
U.S. grains: Soybeans up on Brazilian heat, export demand
Wheat moves higher; corn slumps on ample supplies
Chicago | Reuters — Chicago soybean futures climbed more than one per cent on Tuesday on concerns that scorching weather conditions in South America were taking a toll on crops, while the market also drew support from a fresh round of private sales by U.S. exporters. Chicago Board of Trade (CBOT) wheat also rose more […] Read more
U.S. grains: CBOT wheat futures hit contract lows
March corn falls 1.7 per cent, soybeans touch three-week low
Chicago | Reuters — Chicago grain and soybean futures tumbled on Monday after the Thanksgiving holiday weekend, pressured by slow demand and technical selling and as traders liquidated positions ahead of Thursday’s first notice day for deliveries. Chicago Board of Trade March and May corn futures and all wheat contracts fell to contract lows while […] Read more
U.S. grains: Soybeans fall as rain benefits top supplier Brazil
Most-active K.C. wheat reaches July 2021 low
Chicago | Reuters — Chicago Board of Trade soybean futures tumbled on Friday under pressure from favourable rains in Brazil, the biggest global supplier, analysts said. The market has pulled back about five per cent since jumping last week to its highest price since August amid concerns over hot, dry weather reducing output in northern […] Read more
CBOT weekly outlook: The three main factors affecting soybeans
'Here at $13.60, we're 70 cents overpriced'
MarketsFarm — Soybean prices on the Chicago Board of Trade (CBOT) are being pulled by three main factors, according to a trader. Ryan Ettner from Allendale Inc. in McHenry, Ill. explained that erratic weather in Brazil and Argentina is having a major effect on soybean prices, as well as Chinese demand for U.S. soybeans and […] Read more
ICE weekly outlook: Purely technical canola market trending up
Activity expected thin until next week
MarketsFarm — The ICE Futures canola market moved within a wide range during the week ended Wednesday, hitting some of its best levels in a month before running into resistance at the highs. With traders in the United States moving to the sidelines for the U.S. Thanksgiving holiday, activity should be thin and choppy until […] Read more
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