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Photo: Greg Berg
Crops, Markets

U.S. grains: Chicago wheat finishes higher on short covering

Soybeans nearly unchanged, drought in Brazil looms over production

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Chicago | Reuters — Chicago wheat futures climbed more than two per cent on Wednesday, extending gains from the previous session as traders covered their short positions ahead of month-end and first notice day for the spot December contract. Soybeans retreated in early trading before recovering as traders accessed adverse crop weather in Brazil. Corn
Livestock, News

Brazilian firms track Amazonian cattle to root out deforestation

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Reuters – A group of small Brazilian companies has announced a scheme to certify Amazonian cattle processed for meat and leather that have been reared without causing deforestation. The group has yet to include the biggest meatpackers and covers a fraction of Brazil’s 234 million-head cattle herd. The Certification of Origin and Traceability Implementation Initiative
CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Weather

U.S. grains: Soybeans up on Brazilian heat, export demand

Wheat moves higher; corn slumps on ample supplies

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Chicago | Reuters — Chicago soybean futures climbed more than one per cent on Tuesday on concerns that scorching weather conditions in South America were taking a toll on crops, while the market also drew support from a fresh round of private sales by U.S. exporters. Chicago Board of Trade (CBOT) wheat also rose more
A soybean field north of St. Adolphe, Man. on Sept. 17, 2023. (Dave Bedard photo)
Crops, Markets

CBOT weekly outlook: The three main factors affecting soybeans

'Here at $13.60, we're 70 cents overpriced'

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MarketsFarm — Soybean prices on the Chicago Board of Trade (CBOT) are being pulled by three main factors, according to a trader. Ryan Ettner from Allendale Inc. in McHenry, Ill. explained that erratic weather in Brazil and Argentina is having a major effect on soybean prices, as well as Chinese demand for U.S. soybeans and
CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Chicago soybeans rise on Brazil’s weather woes

Wheat up more than two per cent on Russian strike in Ukraine; corn finishes slightly higher

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Chicago | Reuters — U.S. soybean futures ended higher on Tuesday as Brazil’s torrid, crop-threatening weather conditions remained a prime worry for the market, despite rains over the last couple of days. Wheat futures also rose more than two per cent after a Ukrainian official said that Russian forces struck port infrastructure on one of
JBS signage at Greeley, Colorado. (JBS.com.br)
Livestock, Markets

Third-quarter profit plunges for JBS

Low U.S. pork prices, beef margins and global chicken glut cited

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Sao Paulo | Reuters — JBS SA, the world’s biggest meatpacker, reported an 86 per cent drop in third-quarter net income compared to a year ago on Monday, sliding to around 573 million reais (C$166.3 million). Net income was under the LSEG consensus forecast of 724 million reais, and far below the whopping four billion-real
CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Chicago soy soars on Chinese buying, Brazilian weather

Corn futures rise on U.S. sales to Mexico

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Chicago | Reuters — Chicago soybean futures sharply rallied on Monday on Chinese demand and scorching heat in Brazil, where farmers are expected to face crop-stressing temperatures over the next several days. Meanwhile, corn futures rose on technical trading and support from news of Mexico buying U.S. grain — a move up that also gave
CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans spike on China demand, Brazil weather

Wheat rallies on Argentina outlook

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Chicago | Reuters — Chicago soybean prices rallied to a two-month high on Wednesday, after the U.S. Department of Agriculture confirmed a Reuters report that China booked its largest single-day U.S. soybean purchases since at least late July. Unfavourable weather conditions in Brazil were also supportive, traders said. Meanwhile, corn turned higher on the day

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