New York | Reuters — U.S. corn futures rose on Tuesday on bargain-buying after prices touched the lowest levels in nearly three years, but gains were limited by expectations of an ample harvest and weak export demand, traders said. Soybeans ended lower after choppy trading, setting a one-month low on pressure from better-than-expected U.S. crop […] Read more
Tag Archives prices — page 40
U.S. grains: Corn up off near-three-year lows
CBOT soybeans, wheat end lower
Pulse weekly outlook: Canada’s prices well supported given smaller crops
Dispute between Canada, India to be watched closely
MarketsFarm — Canadian pulse production came in well below average in 2023, keeping prices supported for the time being. Total pea production was pegged at 2.27 million tonnes by Statistics Canada on Thursday. That was up slightly from the 2.19 million tonnes forecast in August, but well off the 3.42 million tonnes grown the previous […] Read more
Major grocery chains agree to help stabilize prices, feds say
Any moves must not undercut farmgate prices, government warns
Ottawa | Reuters — Canada’s five major grocery chains have agreed to help the government in its bid to stabilize soaring prices, a senior minister said on Monday, following talks to address an issue that is hurting the ruling Liberals. Innovation Minister Francois-Philippe Champagne made the announcement after two hours of what he said were […] Read more
U.S. grains: Corn down on harvest pressure, demand woes
USDA crop reports show brisk harvest, little change to crop quality
New York | Reuters — U.S. corn futures on the Chicago Board of Trade (CBOT) hit their lowest levels in nearly three years on Monday as the Midwest harvest expanded, adding to fears of a supply glut at a time of weak export demand for U.S. supplies, traders said. The benchmark CBOT December corn settled […] Read more
Poland, Hungary, Slovakia to continue own bans on Ukraine grain
European Commission decides not to extend ban
Brussels/Warsaw | Reuters — Poland, Slovakia and Hungary will impose their own restrictions on Ukrainian grain imports, the governments said on Friday, after the European Commission decided not to extend a ban affecting Ukraine’s five EU neighbours. Restrictions imposed by the European Union in May allowed Poland, Bulgaria, Hungary, Romania and Slovakia to ban domestic […] Read more
Flax production lowest since 1967, StatCan predicts
Returns on effort invested 'not attractive right now'
MarketsFarm — After going into its least acres seeded since 1950, the 2023-24 Canadian flax crop is projected to be at its smallest in decades. Statistics Canada (StatCan) reported in its principal field crop estimates on Thursday that 267,900 tonnes of flaxseed are expected to be produced in this year’s harvest. The total not only […] Read more
U.S. grains: Soybeans down on positioning, crush pace
CBOT wheat ends up on week
Chicago | Reuters — U.S. soybean futures fell on Friday on technical selling and profit taking after two sessions of gains, and as a monthly crush report showed U.S. processors handled far fewer beans than expected in August. Corn futures followed soybeans lower, with both markets also pressured by improving crop conditions in Europe and […] Read more
Few surprises in StatCan report, analyst says
Downward revision on canola among those few
MarketsFarm PRO analyst Mike Jubinville said Statistics Canada’s principal field crop production report, released Thursday, did not contain too many surprises. The agency’s previous report on Aug. 29 already provided insight as to what production numbers were going to be, he said, but still warned the model-based projections in the latest report will not be […] Read more
U.S. grains: Soybeans up on signals of supply, weather concerns
CBOT wheat falls on higher U.S. dollar, corn pressured by wheat
New York | Reuters — Chicago Board of Trade (CBOT) soybean futures turned higher amid a volatile trading session on Thursday, as commodities traders wrestled with tight domestic supplies and uncertainty over weather impacts on the current U.S. crop. Analysts said that market participants are focusing on how the recent extreme heat waves across the […] Read more
Canada bumps up wheat harvest view, trims canola estimate
StatCan releases yield outlook as of Aug. 31
Winnipeg | Reuters — Canadian farmers will harvest slightly more wheat and a bit less canola than expected earlier in summer, but dry conditions will keep both crops small, a government report showed on Thursday. Farms in North and South America, Europe and Australia are facing crop losses as extreme weather spreads over an unusually […] Read more
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