Chicago Board of Trade soybean futures jumped on Friday on short covering before a long weekend, a day after slumping to a three-year low, analysts said.
Wheat
U.S. grains: Soy futures rebound as corn sets new three-year lows
Soybean market oversold, analyst says
Prairie conditions ripe for a winter cereals wreck
Lack of snow cover and variable temperatures cause worries
Minimal snow cover, frigid temperatures in mid-January and above-average temperatures after that may have set the stage for winterkill in winter crops. The risk is high enough to cause concern among crop specialists. “The eastern Prairies are in a little bit better shape than (Saskatchewan and Alberta) but there’s huge swaths that in my mind
Prairie wheat weekly outlook: Weaker U.S. futures drag Western Canadian wheat bids
Cheaper Russian wheat exports also dragged global wheat prices down
United States wheat futures hit new contract lows and pressured Western Canadian wheat bids during the week ended Feb. 15.
Grain shipments see smooth sailing on small crop
New Years cold snap the one spanner in the works, speaker says
At the midway point of the 2023–2024 shipping year, grain shipments appear to be moving at a good clip. “In the last 12–18 months, we’ve seen some really good performance from both of the railroads, said Quorum Corporation’s Mark Hemmes. “The exception was the last four or five weeks, and that was largely driven by
U.S. corn, soybean, wheat yields to rise in 2024/25
More soybean acres; corn and wheat area to drop
Yields for United States soybeans, corn and wheat were projected to increase in 2024/25, according to the Department of Agriculture at its 100th annual Outlook Forum on Feb. 15. Also, the USDA said there’s to be more soybean acres but less for corn and wheat for the coming crop year.
U.S. grains: Corn, soy futures set new three-year lows as US forecasts hefty supplies
U.S. soybean crushings dropped more than expected from a record high
U.S. forecasts for increasing crop inventories on Thursday drove corn and soybean futures to their lowest prices in more than three years as traders remained worried about strength of demand.
Feed grain weekly: Buyers waiting longer to purchase more grain
U.S. corn shipments continue to put pressure on feed prices
Buying activity for feed barley and feed wheat in Western Canada is moving slowly and prices continue to decline, according to Susanne Leclerc, owner of Market Master Ltd. in Edmonton.
U.S. grains: Soy and corn set three-year lows on fund selling, supply outlook
Markets down about 10 per cent this year, traded on lowest levels since late 2020
Soybean and corn futures fell to three-year lows at the Chicago Board of Trade on Wednesday under pressure from fund selling and expectations for increased U.S. supplies, analysts said.
CBOT weekly outlook: Bearish picture for commodities
Prices may not go much lower given the commodities have hit contract lows, says analyst
Ahead of the United States Department of Agriculture Outlook Forum, analyst Bryan Strommen of Progressive Ag in Fargo, N.D. painted a rather bearish picture for the commodity markets. However, he noted that prices might not go much lower given the commodities have hit contract lows.
U.S. grains: Soybeans and corn continue to be pressured by global supplies
Wheat futures weighed by falling Russian prices
Chicago Board of Trade (CBOT) corn futures firmed slightly on Tuesday on technical trading, but still hovered near three-year lows as ample global supplies, improving South American crop prospects, and intense export competition weighed over the market.