Canola prices are set up for a fall, although the two-week market rally was nice while it lasted
Soybeans
Canola market due for decline
Canola prices are set up for a fall, although the two-week market rally was nice while it lasted
U.S. grains: Grains ease on technical selling, export demand uncertainty
Chicago Board of Trade corn futures eased on Friday on technical selling and disappointment in the size of weekly export sales, analysts said.
China’s 2024 total grain output rises to record 706 mln tons
China's total grain production reached a record of more than 700 million metric tons in 2024, the National Bureau of Statistics said on Friday, as Beijing moves to boost output in its quest to achieve food security.
U.S. grains: Corn, wheat fall as dollar gains, export sales disappoint
Chicago Board of Trade (CBOT) corn and wheat futures fell back on Thursday on a stronger dollar following rate cuts by the European Central Bank, technical trading and slower-than-anticipated weekly export sales, according to analysts.
Brazil farmer lobby asks to lift soybean ban from deforested Amazon rainforest
A farmers' lobby in Brazil is seeking to end a two-decade-long agreement that forbids grain traders from buying soybeans from farms on deforested land in the Amazon rainforest, claiming the deal has created an uneven playing field.
ICE Canada Weekly: Canola could enter narrow range
Soyoil, loonie, StatCan report among supportive factors
As the turnaround in canola continued, analyst said there are three factors underpinning the swing upward. David Derwin, commodities futures advisor for Ventum Financial in Winnipeg, pointed to the gains made by soyoil futures on the Chicago Board of Trade, the weakening of the Canadian dollar, and the reduction in the canola harvest made by Statistics Canada.
CBOT Weekly: WASDE report brings surprise cut to corn
A larger-than-expected cut to corn carryout in the USDA's monthly WASDE report on Dec. 10 affected prices at the Chicago Board of Trade.
U.S. grains: CBOT corn reaches highest level since June on decline in US stockpiles
Chicago Board of Trade corn futures jumped to a five-and-a-half month high on Tuesday, after the U.S. Department of Agriculture slashed domestic corn supply forecast by more than the market had expected.
USDA adjusts world, Canadian canola/rapeseed data
Lowers world, Canadian production
The United States Department of Agriculture made a number of revisions to its data for canola/rapeseed in its monthly world oilseed report. On a particular note, the USDA cut its production estimate for Canada, the world's top producer of the oilseed.
USDA cuts corn ending stocks estimate, soybeans unchanged
Corn ending stocks in the United States will be tighter than earlier projections due to increased exports and demand from ethanol producers, according to updated supply/demand estimates from the U.S. Department of Agriculture released Dec. 10. The projected wheat carryout was also revised lower, while soybean stocks were unchanged.
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