Wheat rose after U.S. Department of Agriculture (USDA) confirmed private sales of 198,000 metric tons of U.S. soft red winter wheat to China, the second such sale in as many days. Monday's announcement that China had purchased 440,000 tons of the grain, the largest one-off U.S. wheat export sale to China since at least 2020, added impetus to a recent rally.
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U.S. grains: Wheat rallies on fresh round of purchases by China
Soybeans ended narrowly mixed as traders monitored Brazil weather; corn rose for fifth straight session
Baltic Dry Index at 18-month high
Restrictions at the Panama Canal and congestion at Brazilian ports behind rate hike
The Baltic Dry Index (BDI), a major indicator of bulk shipping rates, has climbed sharply higher over the past few weeks to hit its highest level in 18 months.
Klassen: Feeder market bounces on lower volumes
Feedlot operators believe yearling numbers will be down in March and April
Strength was noted in Manitoba and Saskatchewan while a softer tone was evident in Alberta. Once again, buyers shrugged off the weaker feeder cattle futures and the focus was on filling year-end orders. Alberta and Saskatchewan feedlots are carrying larger numbers but there appears to be sufficient bunk capacity available to sustain the price structure.
U.S. grains: wheat futures rocket higher on private sales to China
Corn ended narrowly mixed supported by a favorable export inspection report by U.S. government
Chicago Board of Trade wheat rose nearly three per cent on Monday, with the most-active contract Wv1 reaching the highest level since late August after the U.S. Department of Agriculture confirmed the largest one-off private sale to China in years.
U.S. Grains: Soybeans slide on predicted rains in Brazil
Corn and wheat rise on short covering
Chicago soybean futures fell on Friday as the weather forecast in drought-stricken northern Brazil promised much-needed rain for producers who are dealing with the prospect of low yields and damaged crops. Corn and wheat both ended higher as traders continued to cover short positions in both markets.
Canadian spring wheat bids mixed following choppy U.S. futures
The Canadian dollar was up nearly two-thirds of a cent on its U.S. counterpart
Spring wheat bids in Western Canada were mixed during the week ended Nov. 1, as futures in the United States hit contract lows before bouncing higher and strength in the Canadian dollar cut into basis levels.
U.S. grains: Chicago wheat, corn rally as export sales top forecasts
Soybeans lower in narrow trading
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 […] Read more
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 […] 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 […] 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 […] Read more