Glacier FarmMedia – SOYBEAN prices on the Chicago Board of Trade hit a three-month high before settling in negative territory on Monday.
AgRural estimated the Brazilian soybean crop at 30 per cent harvested, compared to 39 per cent one year ago.
The United States Department of Agriculture reported soybean export inspections for the week ended Feb. 19 at 669,865 tonnes, 45 per cent below the previous week and down 23.8 per cent from the same week last year. Marketing year exports for 2025-26 totaled 25.03 million tonnes, down 32.2 per cent from last year.
Read Also
ICE Closing Review: Canola showing positive momentum
WINNIPEG -– Canola futures on the Intercontinental Exchange settled with small gains on Monday, while during trading the July contract…
CORN prices reached their highest values in more than a month before ending Monday with little change.
U.S. export shipments for corn last week were 2.03 million tonnes, 33.3 per cent above the previous week and 71.9 per cent above the same week one year ago. The year-to-date was 37.75 million tonnes, 45.6 per cent higher than last year.
Two South Korean importers purchased 130,000 tonnes of corn in a tender on Friday with at least half to be sourced from the U.S.
The USDA reported a private export sale of 125,000 tonnes to Colombia this morning.
AgRural reported Brazil’s first corn crop was 28 per cent harvested, compared to the average pace of 37 per cent. The safrinha corn crop was 50 per cent planted, behind the average pace of 64 per cent.
All three major U.S. WHEAT varieties were in the red, but Kansas City hard red wheat incurred double-digit losses.
The USDA reported 535,113 tonnes of wheat were exported last week, up 41.6 per cent from the week before and up 37.4 per cent from the same week last year. Cumulative shipments reached 18.24 million tonnes, up 19.4 per cent from last year.
France reported its soft wheat ratings were 88 per cent good to excellent, down three points from the previous week.
Most hard red winter wheat growing areas in the U.S. will be drier next week with warmer temperatures and dryness expected for southern parts of the country through May. However, soft red wheat fields in the eastern U.S. will not be affected by the large system bringing snow and wind to the northeast this week.
