Chicago | Reuters — U.S. soybean and corn futures rallied on Monday and wheat futures firmed as a round of bargain buying supported commodities prices after a bearish global supply picture pushed prices sharply lower this month. The benchmark Chicago Board of Trade wheat contract dropped below $6 a bushel for the first time in […] Read more
Tag Archives prices — page 53
U.S. grains: Corn, soy futures rally
Wheat up off lowest level since March 2021
U.S. grains: Chicago futures roil as U.S. debt ceiling talks halt
Wheat turns down, after technical bounce early in session
Chicago | Reuters — Chicago Board of Trade (CBOT) soybean futures slid sharply on technical trading on Friday, as investors rushed to liquidate their positions ahead of the weekend, traders said. The most-active soybean contract fell to the lowest prices seen since July — and several new-crop soybean contracts also plunged to new contract lows […] Read more
U.S. grains: July corn down on poor exports, strong crop prospects
CBOT soybeans, wheat also down; new-crop December corn up off decline
Chicago | Reuters — Benchmark U.S. corn futures fell on Thursday to their lowest in 19 months, pressured by disappointing export data and prospects for big U.S. crops, analysts said. Soybean futures hit a 10-month low, and wheat futures slipped more than two per cent as an extension of a deal to allow war-ravaged Ukraine […] Read more
ICE weekly outlook: Unclear where canola wants to go
Soy complex's trend much more apparent
MarketsFarm — While the ICE Futures canola market declined during the week ended Wednesday, the oilseed has been affected by a mixture of supports and pressures, according to commodities futures advisor David Derwin of PI Financial in Winnipeg. The July canola contract dropped $20.60 per tonne during the week to close at $714.10 on Wednesday, […] Read more
CBOT weekly outlook: North Dakota corn growers switch to soy, sunflower
'Tough day in the markets' as Black Sea deal extended
MarketsFarm — Faced with a late start due to wet conditions, North Dakota farmers are changing their spring planting plans. They’re switching from corn to crops such as soybeans and sunflowers, according to analyst Tom Lilja of Progressive Ag in Fargo. “Guys just started rolling here on [May 14 and 15] fairly heavy. There was […] Read more
U.S. grains: Corn hits 18-month low on crop prospects
Chicago wheat tumbles on Ukraine deal
Chicago | Reuters — Benchmark U.S. corn futures fell to an 18-month low on Wednesday on news that China cancelled purchases of U.S. corn, and as favourable early-season crop weather bolstered projections for bumper U.S. harvests this year, analysts said. Wheat futures tumbled 3.4 per cent after the Black Sea grain deal, allowing for the […] Read more
Pulse weekly outlook: Canadian exports solid
Bangladesh, Pakistan now buying Canadian peas
MarketsFarm — Canadian pulse exports are running well ahead of their year-ago level, with some demand rationing likely over the next few months as supplies tighten ahead of the new-crop harvest. Canada has exported 1.56 million tonnes of lentils during the crop year to date, with Turkey the top destination at 421,000 tonnes followed by […] Read more
U.S. grains: Soy, corn tumble on improving crop prospects, export competition
Chicago wheat futures follow downtrend
Chicago | Reuters — U.S. spot soybean futures fell 2.6 per cent on Tuesday to multi-month lows and corn futures slipped nearly two per cent, pressured by decent U.S. Midwest crop weather and strong competition for global export business, traders said. Wheat followed the lower trend. Chicago Board of Trade July soybeans settled down 36-3/4 […] Read more
Global chicken meat oversupply improving, Brazil’s BRF says
Lower grain costs also expected to boost margins
Sao Paulo | Reuters — Chicken prices are rising as companies start to cut production to reduce global oversupply, Fabio Mariano, CFO of BRF SA, said on Tuesday, after a glut helped to push the Brazilian pork and poultry producer to a first-quarter loss. The firm posted a 1.024 billion-real (C$287.7 million) net loss for […] Read more
U.S. grains: Wheat rises four per cent on U.S. crop outlook
Chicago corn, soy futures climb
Chicago | Reuters — U.S. wheat futures rose about four per cent on Monday, supported by a lower-than-expected official forecast of U.S. supply next season and doubts over the renewal of a deal on the shipping corridor from Ukraine before a deadline this week. Corn and soybean futures also advanced, supported by strength in wheat […] Read more
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