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Daily Network News

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Soybeans

Photo: Getty Images

Brazil’s soybean harvest kicks off with low yields in Mato Grosso

Crops suffered from lack of humidity; now rains are hampering harvest in some areas

By Ana Mano, GFM Network News, Reuters January 8, 2024
Brazilian soybean farmers have begun to reap their 2023/24 soybean crop, covering some 0.6 per cent of the national planted area as of last Thursday, agribusiness consultancy AgRural said on Monday.

Corn ZCH24 on Jan. 5 with Bollinger bands. (Barchart)
Markets

U.S. grains: Soy sags for third week on Brazil rains; corn hits contract low

Corn futures set a contract low; wheat prices advanced

By GFM Network News, Reuters, Tom Polansek January 5, 2024
Chicago Board of Trade soybean futures crumbled to their lowest prices since June on Friday and declined for a third consecutive week as much-needed rains hit dry growing areas in Brazil.


Soybeans ZSH24 on Jan. 4 with Bollinger bands. (Barchart)
Markets

U.S. grains: Improved Brazilian crop weather knocks down CBOT soybeans

Wheat futures rebounded from one-month low; corn stabilized

By GFM Network News, Reuters, Tom Polansek January 4, 2024
Chicago Board of Trade soybean futures extended recent losses on Thursday as the market remained under pressure from rains in dry areas of Brazil and expectations for more beneficial showers.

A canola field in the Manitoba Interlake. At the end of 2023, canola had its largest net short position ever, at more than 107,000 contracts on Dec. 12.
Grain Markets, Markets

New Year already looks eventful for grain markets

Canola is hoping to break out of its 2023 hangover

By Adam Peleshaty – MarketsFarm January 4, 2024
The New Year is only a few days old, but it already looks like 2024 will be eventful. Both a leap year and an Olympic year, this year will see more than 40 countries hold federal elections. Ongoing conflicts in Ukraine and the Middle East are also expected to grab headlines. No two years are


Canola plants in flower in a field north of Lorette, Man. on July 20, 2022. (Dave Bedard photo)
Markets

ICE weekly outlook: More room to the downside for canola 

Vegetable oil markets also became weaker

By Adam Peleshaty – MarketsFarm, GFM Network News January 3, 2024
Even though selling activity for canola could be slowing down, according to an analyst, there are too many bearish indicators to predict a boost to prices. 

Photo: Getty Images
Crops, Markets

CBOT weekly outlook: Soybeans, grains looking bearish to start 2024

Corn consistently below moving averages a bearish sign says analyst

By GFM Network News, Phil Franz-Warkentin January 3, 2024
Soybean, corn and wheat futures all came under pressure to start 2024, with the path of least resistance pointing lower still despite the potential for some end-user bargain hunting.


Soybeans ZSH24 on Jan. 3 with 20 and 50-day moving averages. (Barchart)
Markets

U.S. grains: Soy futures recover from June low as rains benefit Brazil crops

A two-week high in the U.S. dollar also hung over agricultural markets

By GFM Network News, Reuters, Tom Polansek January 3, 2024
Chicago Board of Trade soybean futures ended firmer on Wednesday, as the market recovered after favorable rains in Brazilian crop areas sent the market to its lowest levels since June.

Soybean futures ZSH24 as of Jan. 2, with 20 and 50-day moving averages. (Barchart)
Markets

U.S. grains: Soy futures fall to June low on improved Brazilian crop weather

Corn set a contract low in front-month futures; wheat futures declined

By GFM Network News, Reuters, Tom Polansek January 2, 2024
U.S. soybean futures slid to their lowest level since June on the first trading day of the year, after rains hit dry areas of Brazil and forecasts called for more showers.


 Photo: Thinkstock
Crops, Markets

USDA November soy crush estimated at 199.7 million bushels

The U.S. crush topped 200 million bushels in October for the first time ever

By GFM Network News, Julie Ingwersen, Reuters December 29, 2023
The U.S. soybean crush likely eased slightly to 5.991 million short tons in November, or 199.7 million bushels, while soyoil stocks rose, according to analysts surveyed by Reuters ahead of a monthly U.S. Department of Agriculture (USDA) report.

Photo: iStock/Getty Images.
Markets

U.S. grains: Corn closes with biggest yearly loss in a decade

Wheat, soy decline on bumper Brazil harvest, resilient Black Sea trade

By GFM Network News, Reuters December 29, 2023
Chicago corn closed on Friday with its biggest yearly drop in a decade while wheat and soybeans also posted steep annual declines after bumper harvests in Brazil and resilient Black Sea trade tempered concerns about weather and war.


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