Chicago | Reuters — Chicago Board of Trade soybean futures rose for a third consecutive session on Wednesday, hitting their highest in nearly a month on expectations that demand for U.S. supplies will remain strong due to harvest shortfalls in South America, traders said. The crop woes in Argentina and Brazil also lent support to […] Read more
Tag Archives south america — page 4
U.S. grains: Export demand boosts soybeans
Corn firm, wheat weak
CBOT weekly outlook: USDA report influences steep drop in wheat
MarketsFarm — Of the changes to 2021-22 ending stocks in the latest supply and demand estimates from the U.S. Department of Agriculture (USDA) on Wednesday, the global carryover for wheat was perhaps the most significant, according to Steve Georgy of Allendale Inc. in McHenry, Ill. In its March world agricultural supply and demand estimates (WASDE), […] Read more
World soybean output, stocks estimates chopped
MarketsFarm — Downward revisions to soybean numbers stand out the most in February’s grain market report from the International Grains Council (IGC). Otherwise, the monthly estimates have minor alterations. The IGC cut its forecast on 2021-22 global soybean production by four per cent from its January report, bringing its projection to 353.1 million tonnes. The […] Read more
U.S. grains: Wheat, corn fall as fears of Black Sea disruption retreat
Soybeans down on chance of South America rain
Chicago | Reuters — Chicago Board of Trade wheat and corn futures fell on Tuesday as Moscow’s announcement that some of its troops were returning to base after drills tempered investor fears of a Russian invasion of Ukraine that could disrupt Black Sea export flows. U.S. soybeans fell as traders assessed chances for rain in […] Read more
South American soy, corn crops face major disaster
MarketsFarm — With intense heat and very little rain, soybean and corn crops have been having a very tough time in South America, according Dr. Michael Cordonnier of Soybean and Corn Advisor at Hinsdale, Ill. Be they from private consultancies or government bodies such as the U.S. Department of Agriculture or its Brazilian equivalent CONAB, […] Read more
U.S. grains: Soybeans ease on South American rainfall
Wheat underpinned by Black Sea supply worry; corn adds on strong export inspections
Chicago | Reuters — Chicago soybeans fell on Monday, pressured by rainfall in parts of South America that could refresh parched crops as Argentina and southern Brazil near harvest. CBOT corn and wheat ended higher after earlier losses, with corn underpinned by strong export inspections and wheat weighing tensions between Russia and Ukraine that could […] Read more
ICE weekly outlook: No independent strength left in canola
MarketsFarm — At a little more than halfway through the 2021-22 marketing year for canola, a trader asserted the Canadian oilseed now lacks the ability to move independently. Rather, it will follow the ups and downs in oil and meal markets. “[Canola] did its thing months ago,” trader Ken Ball of PI Financial in Winnipeg […] Read more
CBOT weekly outlook: More adjustments expected after lacklustre USDA report
MarketsFarm — Updated supply/demand estimates from the U.S. Department of Agriculture on Wednesday included only minor revisions, with the lacklustre report doing little to move the market. While South American production numbers were revised lower, further downward revisions are likely in subsequent reports, according to a market analyst. “We were a little surprised the USDA […] Read more
U.S. grains: South American dryness lifts soybeans, corn
Wheat also up
Chicago | Reuters — Chicago soybean futures on Monday rose to eight-month highs, underpinned by concerns over possible reduced supplies from weather-damaged South American harvests. Corn also climbed on South American dryness, while wheat followed higher. Markets are also positioning ahead of world grain and oilseed supply and demand forecasts from the U.S. Department of […] Read more
U.S. grains: Soybeans rise on South American crop shortfall
Corn, wheat also up
Chicago | Reuters — U.S. soybean futures were steady to mostly higher on Friday near an eight-month peak as some traders pocketed profits from strong gains this week, but the market remained underpinned by concerns about weather-reduced yields in South America. Corn was also steady to firmer, while wheat futures rose in a short-covering and […] Read more
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