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CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: South America rains push soy futures down

Wheat, corn futures also drop

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Chicago | Reuters — U.S. soybean futures declined about one per cent on Monday on profit-taking and pressure from beneficial rains over the last few days in South American crop areas, offsetting a weather premium that had been building for the oilseed crop. Corn and wheat futures also fell. Benchmark January soybeans on the Chicago
U.S. consumer demand for pork is waning and Canadian producers should respond to reduced slaughter numbers, suggests the USDA’s Foreign Agricultural Service.
Hogs, News

USDA projects Canadian swine reduction

Manitoba industry expects capacity to grow despite USDA numbers

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The U.S. agriculture department expects fewer Canadian pigs to be produced next year. It projects that the Canadian swine herd will contract in 2024, due in part to decreased domestic processing capacity and reduced U.S. demand, according to a Sept. 24 release from the USDA’s Foreign Agricultural Service office in Ottawa. FAS estimated total supply of just under 42 million head in
CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans hold firm with harvest, domestic demand in focus

Corn eases as harvest watched, wheat retreats from two-week high

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Chicago | Reuters — Chicago Board of Trade soybean futures firmed for a second straight session on Tuesday amid thin technical trading, as strong domestic demand eased concerns about supplies growing as the U.S. harvest continued. Corn inched down while traders monitored the U.S. harvest progress, as investors watched Israel’s war with Palestinian militant group
(Christophe Paul photo courtesy USDA)
Crops, Markets

CBOT weekly outlook: Markets react bullishly to USDA report

Corn, soy production estimates revised lower

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MarketsFarm — Most of the October world agricultural supply/demand estimates (WASDE) released Thursday from the U.S. Department of Agriculture (USDA) came out lower than trade expectations, causing price jumps on the Chicago Board of Trade (CBOT). “Many people were not expecting a major (average) yield change,” Ryan Ettner, trader for Allendale Inc. in McHenry, Ill.
CBOT November 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Chicago soy touches 22-month low ahead of USDA report

CBOT wheat also lower; corn firm

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New York | Reuters — Chicago soybean and wheat futures fell on Wednesday, and corn futures firmed as the markets turned their attention to widely-followed U.S. government crop forecasts. The most-active soybean contract on the Chicago Board of Trade (CBOT) dropped 19 cents, about 1.5 per cent, to settle at $12.52-1/2 a bushel (all figures
CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans lifted by bright report on export demand

CBOT wheat down sharply, corn also lower

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New York | Reuters — Chicago soybean futures rose on Tuesday, rebounding sharply from early losses on lift from technical trading and data showing a pickup in exports of the U.S. oilseeds. Corn prices weakened, and wheat futures fell sharply. The most-actively traded Chicago Board of Trade soybean contract rose 0.6 per cent to $12.71-1/2
CBOT November 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Chicago soybeans firm, risk aversion caps gains

Corn and wheat drop, export data eyed

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Reuters — Chicago soybean futures edged up on Wednesday, as a declining U.S. dollar lifted the oilseeds at one point nearly one per cent before risk aversion pushed prices back toward their opening levels. Wheat declined and corn was squeezed between them in what one strategist called a seasonal “bottoming formation” for the U.S. agriculture
CBOT December 2023 soft red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Chicago wheat up off three-year low after steep sell-off

CBOT corn rises, soybeans flat as Brazil plantings race forward

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Reuters — Chicago wheat futures rebounded on Monday on what one analyst characterized as “bottom-picking” after prices dropped more than six per cent to three-year lows on Friday. Corn followed wheat higher, but soybeans prices remained low after news reports of Brazilian farmers planting at a rapid clip. The U.S. Department of Agriculture (USDA) late

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