Chicago | Reuters – U.S. corn and soybean futures eased on Monday as concerns about dull demand anchored prices as newly harvested crops flooded the market. Wheat declined on weak demand and as rains in the drought-hit U.S. Plains wheat belt lifted prospects for the recently planted winter crop. Largely favourable weather across the Midwest […] Read more
Tag Archives u.s. dollar — page 27
U.S. grains: Soybeans, corn ease as U.S. harvest progresses amid dull demand
U.S. grains: Wheat, corn, soy end higher but below session peaks
Weaker U.S. dollar supportive
Chicago | Reuters — U.S. wheat, corn and soybean futures edged higher on Friday, recovering from overnight weakness on spillover support from friendly outside markets, traders said. “Equities went from lower to sharply higher, the dollar from higher to lower, and I think that spurred some buying in grains,” said Don Roose, president of U.S. […] Read more
U.S. grains: U.S. soybean, corn, wheat futures bounce after sell-off
Chicago | Reuters – U.S. soybean futures rose on Friday, with bargain buying in focus after prices fell to their lowest since late July a day earlier, traders said. Corn futures also ended firm after posting sharp declines on Thursday. All three commodities traded in both positive and negative territory, with concerns about tightening world supplies providing […] Read more
ICE weekly outlook: Rising canola prices hit a one-day thud
"There's a day where we need to take a pause"
MarketsFarm — ICE Futures canola rose like Icarus over the past few weeks, but just like that Greek mythological figure, it flew too high, only to come back down to Earth. After the November canola contract rose in seven of its last eight sessions — in the middle of harvest, no less — and gained […] Read more
Egypt’s private sector wheat imports stall due to dollar shortage
"We are in the red zone"
Cairo | Reuters — The price of wheat and flour used to make unsubsidized bread has spiked in Egypt as importers struggle to pay for wheat stuck at ports amid a dollar shortage, traders and the country’s chamber of cereals told Reuters this week. Around 700,000 tonnes of wheat haven’t been released from customs, causing […] Read more
ICE weekly outlook: Canola shouldn’t fall hard
Loonie keeping oilseed off sharper decline
MarketsFarm — As Malaysian palm oil futures tumbled to 20-year lows during the week of Sept. 26, they have put a lot of pressure on canola prices, analyst Errol Anderson of ProMarket Communications in Calgary said. However, he said, the Canadian dollar has been the backstop that kept the oilseed from falling with palm oil. […] Read more
CBOT weekly outlook: War chatter part of market chaos
Stronger U.S. dollar weighs on futures
MarketsFarm — With the daily talk about Russia’s invasion of Ukraine, Scott Capinegro, president of Barrington Commodities at Barrington, Ill., has a special term for its effects on the Chicago Board of Trade (CBOT). “I call it the Putin rally,” he quipped, referring to Russian President Vladimir Putin, but lamenting the chaos the seven-month-old war […] Read more
U.S. grains: Wheat, corn, soybeans bounce ahead of long weekend
U.S. dollar down on labour market data
Chicago | Reuters — U.S. wheat, corn and soybean futures rose on Friday on a short-covering bounce ahead of a three-day U.S. holiday weekend, led by strength in crude oil and other commodities as fears waned about aggressive interest rate hikes from the Federal Reserve. A rally in world stocks fizzled, but the U.S. dollar […] Read more
U.S. grains: Corn, soy rally as crop concerns rise; wheat follows higher
Chicago | Reuters – U.S. corn futures surged 4.2 percent to a 7-1/2-week high on Tuesday as a report on crop conditions and a tour of key growing areas in the Midwest raised concerns that the size of the U.S. harvest will fall below expectations. The potential for reduced yields in the fall also sparked […] Read more
U.S. grains: Wheat down on weak U.S. demand, Ukraine grain shipments
Economic uncertainty also curbs grain markets
Chicago | Reuters — Chicago wheat futures slid for a fifth session on Thursday, pressured by soft export sales, a stronger dollar and continued exports from Ukraine, analysts said. Soybeans firmed after better-than-expected export sales last week indicated strong demand as U.S. harvest nears, while corn traded near even. Economic uncertainty also hung over grain […] Read more
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