CBOT weekly outlook: Weather fuels rallies in grain prices

MarketsFarm -- Weather and less-than-stellar crop conditions were the primary factors that caused week-long rallies on the Chicago Board of Trade (CBOT) for the week ended Wednesday. Ongoing dryness in most areas of the U.S. saw crops begin to deteriorate. The corn crop dropped six points to 55 per cent good to excellent as of[...]



More precipitation at the start of winter says Environment and Climate Change Canada

Environment and Climate Change Canada (ECCC) presented its winter seasonal outlook on Dec. 4. Officials said they expect temperatures across the country to be close to or above normal for the beginning of winter. However, they pointed out Western Canada is likely to experience normal to below normal temperatures come January and February.



CBOT weekly outlook: Weather, demand affect grain prices

MarketsFarm -- Severe weather in the U.S. as well as macroeconomic factors at home and abroad affected grain prices on the Chicago Board of Trade (CBOT) for the week ended Wednesday. Jack Scoville of Price Futures Group in Chicago said wet and cool weather across the U.S. Plains, Midwest and corn belt, as well as[...]


U.S. grains: Corn, soy slide as Midwest rain outlook improves

Chicago | Reuters -- U.S. new-crop corn and soybean futures fell on Tuesday to their lowest in more than a week, pressured by forecasts for much-needed rains in the Midwest where crops have been deteriorating under dry conditions, analysts said. Wheat futures tumbled more than five per cent as worries subsided about political instability in[...]




U.S. grains: Chicago wheat closes down as global supplies look strong

Mexico City | Reuters -- Chicago grains and soybean futures closed lower to mixed on Wednesday, as traders eyed sluggish demand and upcoming U.S. export sales data. Wheat fell on news of ample short-term global supplies, despite the risk that an agreement allowing exports from war-torn Ukraine may end next month. Canadian farmers intend to[...]