Chicago Board of Trade soybean futures strengthened on Friday as some weather models showed heavy rain putting certain U.S. production areas at risk of flooding, though they closed down for the week.
Pulses
U.S. grains: Soybeans gain on US wet weather risk, down for week
U.S. grains: Soybeans notch two-month low on rain forecasts
Chicago Board of Trade corn slid on Thursday while soybeans closed at their lowest in two months as forecasts for heavy rains alleviated concerns about a heat wave in the central U.S. stressing crops.
Saskatchewan Crop Report: Excess moisture causing problems
Only one per cent of acres were left unseeded in Saskatchewan during the week ended June 17 due to cooler temperatures and excess moisture, according to the province’s weekly crop report.
Soybeans, corn trading sideways and watching weather
Soybean and corn futures at the Chicago Board of Trade both find themselves in relatively sideways trading ranges watching Midwestern weather forecasts to provide nearby direction.
Manitoba Crop Report: Planting progresses despite wild weather
Planting across Manitoba progressed during the week ended June 16 despite cool, wet and windy weather, including small tornadoes.
U.S. grains: corn, soybean futures firm as traders track heat wave, crop conditions
Chicago Board of Trade corn and soybean futures turned higher on Tuesday, reversing direction after a two-day slide, as investors tracked a heat wave moving across the eastern Corn Belt after the government reported a decline in U.S. crop ratings.
FCC invests in breeding innovation
Farm Credit Canada has invested $5 million into the accelerated breeding program at the Global Institute for Food Security.
Pulse Weekly: Crops growing well in Saskatchewan despite rains
As of June 10, seeding was 98 per cent complete in Saskatchewan according to the province’s weekly crop report. Also, 79 per cent of pulse crops were in normal development, while 19 per cent were behind and two per cent were ahead. Lentils were rated 90 per cent good to excellent, while chickpeas were rated at 95 per cent. Field peas were rated at 91 per cent good to excellent, while soybeans were at 83 per cent.
U.S. grains: Grain futures slump, as wheat drops to 8-week low
Chicago Board of Trade wheat and soybean futures fell sharply on Monday, with wheat at a near two-month low as fund selling pressure rolled into a short holiday trading week, traders said.
Canola fund short position climbs higher
As of June 11, 2024, the net managed money short position in canola futures came in at 99,252 contracts (1,950 long/101,202 short), which was up by roughly 30,000 contracts from the previous week.