Global glut of wheat seen pressuring prices

A global glut of wheat will weigh on wheat and corn prices while tighter stocks of soybeans should provide life to the soybean market, a CME Group panel of grains analysts said Nov. 10. “There is plenty of wheat around. The world estimate is more interesting and it shows ample supplies,” said Jack Scoville, analyst

World more dependent on Latin American soybeans

The global soybean market will become increasingly dependent on South American supplies in coming months, following a lower-than-expected U. S. soybean crop, Hamburg-based oilseeds analysts Oil World said Nov. 4. The U. S. Department of Agriculture on Oct. 28 reduced its forecast of the U. S. soybean crop by 1.5 per cent in an unprecedented


Oilseed outlooks ratchet down

DON BOUSQUET It’s Your Business For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada in Winnipeg closed the week ended Oct. 9 mixed, as markets continued to react to global financial instability. Canola edged higher, ignoring weakness in the Chicago