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Argentina’s main corn, soy areas getting adequate rains
Markets, News

Argentina’s main corn, soy areas getting adequate rains

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Reuters – Rains have been ample in key parts of Argentina’s breadbasket province of Buenos Aires, but they have been uneven and raised concern about crop yields in some isolated areas, a grower and climatologist said Feb. 3. The South American grains powerhouse is a major source of corn and soybean exports and Argentina’s top
Watch agricultural commodity markets for seasonal patterns
Markets

Watch agricultural commodity markets for seasonal patterns

Taking advantage of these trends to your benefit is both an art and science

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Seasonality in farm commodity prices is a commonly followed market indicator and it makes some sense. Given crops are planted in the spring, subject to weather throughout the growing season and then harvested in the fall, they follow a natural pattern throughout the calendar year. But the more important question is: can you profit from
Canola falls to new lows
Grain Markets, Markets

Canola falls to new lows

Bearish charts and uncertainty over the Chinese market are weighing in

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ICE canola futures fell to fresh contract lows during the holiday-shortened week ended April 18, as bearish chart signals weighed on values and the trade dispute between Canada and China showed no signs of improving. Heavy spread trade during the week saw traders roll out of the May contract and into July, which now holds
Corn has recently been under pressure from big crop pegs out of South America and chart-based selling, as well as general uncertainty in the markets over the future of U.S.-China trade.
Comment, Markets

Comment: Long positions on corn liquidated

Funds sold their entire CBOT corn long position undetected during U.S. govt. shutdown

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Within the span of six weeks, commodity funds dumped bullish bets in Chicago-traded corn futures and options without the market’s knowledge. Market participants were under the impression that speculators closed out January relatively optimistic toward the grains. However, data from the U.S. Commodity Futures Trading Commission (CFTC) confirmed otherwise on Feb. 19. Hedge funds and
ICE Futures canola contracts trended higher over the course of the week ended Jan. 25, but canola is seen sluggish overall due to outside influences.
Grain Markets, Markets

Export uncertainties keep canola trading rangebound

New estimates call for a one per cent rise in canola acres

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ICE Futures canola contracts trended higher over the course of the week ended Jan. 25, as the market saw a chart-based recovery off of the yearly lows hit the previous week. However, canola remains rangebound and sluggish overall, largely taking its influence from activity in outside commodity and financial markets. Trade uncertainty kept a cautious
CBOT soy futures, currency, weak demand pile on canola
Grain Markets, Markets

CBOT soy futures, currency, weak demand pile on canola

A lack of USDA reports adds an ongoing air of uncertainty

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Canola contracts on the ICE Futures platform moved lower during the week ended Jan. 11, nearing major chart support as a number of factors conspired against the commodity. Losses in the Chicago Board of Trade soy complex were a major bearish influence on canola, as uncertainty over Chinese demand and looming South American crops weighed
Looking out to the next decade, the USDA’s trend assumptions don't have soybean yields making comparable strides alongside corn.
Markets, News

What will U.S. corn and soybeans yield in 2019?

USDA long-range reports can give us an inkling of what to expect even before the seed is booked

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It might be comically early to start debating yield scenarios for a crop that is still several months away from planting, but the U.S. government’s early projections for 2019 and beyond hold some interesting ideas for the years ahead. Each February, the U.S. Department of Agriculture publishes its long-term projections that provide a single representative
U.S.-China tariff ceasefire may support oilseed markets
Grain Markets, Markets

U.S.-China tariff ceasefire may support oilseed markets

Corn futures followed soybeans’ volatility during the week

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It was a volatile time for the ICE Futures canola market during the week ended Nov. 30, as oilseed traders anxiously awaited news from the weekend’s G20 summit in Argentina. U.S. President Donald Trump met with Chinese President Xi Jinping on Dec. 1. The two reached a trade truce where they will hold off on
For the week ending Oct. 26, there was enough canola still in fields waiting to be harvested that markets will feel once it enters the bin.
Grain Markets, Markets

Harvest progress pressures canola prices

The remaining four million tonnes of expected production 
is enough to move markets

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Canola contracts on the ICE Futures exchange fell to their lowest levels of the past year during the week ended Oct. 26, as harvest operations across Western Canada finally neared completion. Farmers in both Alberta and Saskatchewan reported good progress during the week, helping ease concerns over unharvested acres being left out over the winter.

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