Soybean and corn futures at the Chicago Board of Trade fell to fresh contract lows in early July, as relatively favourable growing conditions and bearish technical signals weighed on values.
Corn
CBOT weekly: Good weather leads to new lows in Chicago soybeans and corn
Manitoba Crop Report: Crops continue to withstand rain showers
Manitoba experienced variable amounts of precipitation during the week ended July 7 as crops continued to develop despite excess moisture in most areas.
Rain events continue to challenge Manitoba growers
Manitoba Crop Report: Issue 11
Fall rye and winter wheat are at the soft dough stage with the most advanced fields ripening. Spring wheat ranges from flag to heading stage with fungicide application for fusarium head blight occurring. Spring wheat quality is rated mostly fair to good with about 10 per cent of the crop being reported as poor in
U.S. grains: Wheat, corn recover after slide; soy hits 2020 low
Chicago wheat and corn futures ticked higher on Tuesday after sharp declines on Monday, while most-active soybean futures closed at their lowest point in nearly four years, as expectations of ample supplies from northern hemisphere harvests hung over the market.
U.S. grains: Soybean, grain futures drop on expectation of positive crop report
Chicago Board of Trade soybeans and corn futures on Monday dropped to around the lowest prices in four years, as traders expected a positive picture of U.S. crop progress from the U.S. Department of Agriculture (USDA) in a report due later in the day.
Fund short position in canola at four-month high to start July
Fund traders continued to add to their large net short positions in canola as the calendar flipped to the final month of the 2023/24 marketing year for the crop, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Alberta crops doing quite well
Crops throughout Alberta stood at 75 per cent good to excellent as of July 2, according to the latest crop report from the provincial agriculture department. That was eight points above the five-year average despite cooler than normal temperatures and delayed crop development due to excessive rain for most of the province so far this year.
Corn keeps markets bearish
The USDA reported sky-high corn plantings this season, surprising the trade
Corn, wheat and soybeans all held near their lowest levels in months, if not years, in the week following Canada Day.
U.S. grains: US wheat futures up on strengthening demand
Chicago Board of Trade wheat futures spiked on Friday amid an uptick in demand for U.S. wheat due to a weaker dollar and the availability of desirable new-crop wheat, traders said.
U.S. grains: Soybean futures recover from four-year low
Chicago Board of Trade soybean futures rose on short covering on Wednesday after nearing a four-year low this week on concerns about large supplies and lackluster U.S. export demand, analysts said.
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