Shifting South American weather forecasts will likely keep the soybean and corn markets at the Chicago Board of Trade on edge over the next few months, as crops in Brazil and Argentina develop.
Tag Archives Wheat
CBOT weekly outlook: All eyes in Chicago soybeans, corn looking south
Soybeans have been trending higher over the past few weeks, while corn touched two-year lows
USDA’s WASDE report throws a few curveballs
Corn carryover up significantly
MarketsFarm — There were some surprises in the November world agricultural supply and demand estimates (WASDE) from the U.S. Department of Agriculture, released Thursday. USDA defied trade expectations when it came to 2023-24 ending stocks of U.S. corn, soybeans, and all wheat, with those being higher. As well, the department came in above what the
CBOT weekly outlook: Small changes expected in November WASDE
'Corn is going to be an issue in Brazil'
MarketsFarm — There will likely be some minor tweaks to the November supply and demand report from the U.S. Department of Agriculture on Thursday. USDA is set to publish its world agriculture supply and demand estimates (WASDE) at 11 a.m. CT. “I would say the [U.S.] corn production estimates are very likely to hold steady,
Grain traders turn gaze southward
Expert's Radar: Rains have been helpful for Argentina and Australia
Most of the Canadian Prairies were blanketed with snow during the last week of October, which likely had many people dreaming of vacations to warmer climates to the south. With the Canadian harvest all but wrapped up, and the United States in its final stages, the grain markets are also shifting their attention southward. Argentina
U.S. grains: Corn drops to seven-week low
Wheat, soybeans move higher
Chicago | Reuters — Benchmark U.S. corn futures fell to their lowest point in seven weeks on Wednesday as the harvest continued and showed better than expected yields, while weather forecasts improved in crop areas of South America. Wheat and soybean prices were modestly higher in rangebound trading. Chicago Board of Trade (CBOT) corn closed
U.S. grains: Corn, soy, wheat futures sag as beneficial rains hit South America
Rains benefit Argentina's core farmland
Chicago | Reuters — U.S. grain and soybean futures ended lower on Wednesday as favourable rains reached crop belts in South America and the U.S., analysts said. Traders are watching global weather after drought has hurt crop production in Argentina and the U.S. Plains and slowed soybean plantings in Brazil. South American conditions are particularly
Little change in AAFC’s October supply/demand outlook
Canola, wheat, pea carryout estimates unchanged
MarketsFarm — Supply/demand estimates for Canadian grains and oilseeds saw little change in the latest outlook for principal field crops from Agriculture and Agri-Food Canada (AAFC) released Monday. Canola ending stocks for 2023-24 were left unchanged at one million tonnes, which compares with the 2022-23 level of 1.506 million tonnes. Canadian canola exports in 2023-24
Canada’s grain exports remain brisk
Export's Radar: Any unrest in the Middle East will sway energy and financial markets
Harvest operations are wrapping up across the Prairies and attention in grain markets is turning to outside influences. Exports Canadian canola exports were running at a solid pace through the first 10 weeks of the 2023-24 marketing year, but that pace will be hard to maintain. Production was down on the year and more of
Cuts to corn output drag IGC’s overall estimates lower
Wheat production estimate up, soy down
MarketsFarm — Reductions to global corn production for 2023-24 resulted in the International Grains Council cutting some of its numbers in its monthly supply and demand report issued Thursday. The London-based IGC reduced its forecast for world corn output from its September call of approximately 1.222 billion tonnes, to 1.219 billion. Although total use in
U.S. estimates bullish in corn, oilseeds
A rally in Chicago soy helped canola correct higher
The ICE Futures canola market tested major support levels in early October, nearing the psychological $700 per tonne level in the nearby November contract on several occasions but never dipping below that point. An eventual rally in the Chicago soy complex provided the catalyst for a more definitive correction off that low. The U.S. Department
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