The USDA Quarterly Grain Stocks report as of Sept. 1 caused prices at the Chicago Board of Trade (CBOT) to rise during the week ended Oct. 2, 2024.
Tag Archives Soybeans — page 16
CBOT Weekly: USDA report, short-covering raising prices
ICE canola weekly outlook: Running into resistance
The ICE Futures canola market was still trending higher in the first trading days of October but showing signs of running into resistance.
U.S. grains: Soy futures soar on US weather woes
U.S. soybean futures hit their highest in two months on Friday as soymeal futures surged by five per cent on worries about damage to crops and infrastructure in the Gulf Coast region following the landfall of Hurricane Helene as well as short-covering ahead of key crop reports due Monday.
U.S. grains: CBOT soybeans, wheat see volatile trade as drought risks weigh
Chicago soybeans touched a new two-month peak before ending lower on Tuesday, amid questions over export demand and late-season drought impacts on U.S. crop yields, traders said.
Rising CBOT soybeans facing resistance
Optimism over increased Chinese demand along with weather concerns in Brazil gave the Chicago soybean market a boost and triggered some fund short covering over the past week, but the futures will likely face stiff resistance to the upside going forward.
Canola net short position grows
The net fund short position in canola grew in mid-September, as speculative selling took the futures to contract lows, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Snobelen Farms Ltd. increases capacity and efficiency at the Brantford facility
A $2 million technology and equipment upgrade on Snobelen Farms Ltd.’s Brantford grain facility is complete. “These upgrades reflect our ongoing commitment to innovation and customer satisfaction,” said Troy Tate, Brantford location manager. “We want our growers to be in, out and back in their combines as seamlessly as possible.” Why it matters: As a […] Read more
Solid Canadian grain/oilseed exports to start 2024/25
Canadian grain and oilseed exports through the first month of the 2024/25 marketing year are running well ahead of what moved during the same time the previous year, with just over a million tonnes of canola already moved, according to the latest data from the Canadian Grain Commission. Total exports of all the major grain, […] Read more
CBOT Weekly: Soybeans, corn off lows, sideways trade likely through harvest
Soybean, corn and wheat futures in the United States were all showing modest strength in early September, recovering off their August lows as speculators bought back previously sold positions. “We’re seeing a little bit of short covering in these markets and the contract lows, at least over the short term, may be in,” said Terry […] Read more
Ridgetown welcomes new field crop pathologist
Gursahib Singh is the new Grain Farmers of Ontario professor of field crop pathology
Gursahib Singh is Ridgetown's new field crop pathologist.
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