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Cereals

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

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 […] Read more
CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: CBOT soybeans jump after insufficient Brazil rains

Wheat down more than one per cent

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Chicago | Reuters — Chicago soybean futures rose two per cent on Monday, supported by brutally hot weather in Brazil that is likely to continue to stress crops despite some rains over the weekend coupled with the results of Sunday’s presidential election in Argentina. Chicago Board of Trade (CBOT) corn rose more than 0.5 per […] Read more
CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago soy, corn slip on improved weather in Brazil

Traders exit long positions ahead of U.S. Thanksgiving week

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Chicago | Reuters — Chicago grain and soybean futures declined on Friday as the prospect of rain in drought-stricken Brazil eased crop concerns, while traders exited long positions heading into a shortened U.S. Thanksgiving trading week. Soybeans and corn dipped more than one per cent while wheat fell 0.5 per cent. The most-active soybean contract […] Read more
(Glacier FarmMedia staff photo)
General

Legislation allows Quebec’s UPA to rework funding formula

Bill 28 passes Quebec assembly

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Quebec’s legislative assembly has passed a bill allowing the province’s overarching general farm organization, the Union des producteurs agricoles (UPA), to start the process toward a new funding model. Provincial Agriculture Minister Andre Lamontagne on Thursday announced the passage of Bill 28, which amends legislation governing organization of farming activities and the accreditation of UPA. […] Read more
CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

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 […] Read more
CBOT December 2023 corn with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago corn slumps on forecast for record-large crop

Crude oil recovery lends some support to grains

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Chicago | Reuters — Chicago corn futures posted a third straight weekly decline on Friday, as traders reacted to a government forecast that U.S. farmers will produce a record-large crop this year. Wheat was lower, following corn. Commodity funds hold a sizeable net short position in Chicago wheat futures, leaving the market prone to volatility […] Read more
CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago grain, soy futures drop after USDA forecasts

China buys over one million tonnes of U.S. soy

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Chicago | Reuters — The Chicago Board of Trade’s most-active corn futures plunged sharply on Thursday after the government reported that U.S. farmers will produce the biggest-ever corn crop this year. The report’s forecast topped trade estimates. The most-active CBOT corn contract at one point dipped to $4.66-1/2, the lowest price since Dec. 30, 2020, […] Read more
Sea surface temperature (SST) anomalies for the week centred on Nov. 1, 2023, in degrees Celsius. (CPC.ncep.noaa.gov)
General, Weather

El Nino to continue through Northern Hemisphere spring, U.S. forecaster says

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Reuters — El Nino weather conditions will continue through the Northern Hemisphere during April-June 2024 with a 62 per cent chance, a U.S. government weather forecaster said on Thursday. “Above-average sea surface temperatures (SST) across the equatorial Pacific Ocean were indicative of a strong El Nino, with anomalies increasing in the central and east-central Pacific […] Read more
File photo of a partially harvested cornfield in Minnesota. (Emholk/iStock/Getty Images)
Crops, Markets

USDA’s WASDE report throws a few curveballs

Corn carryover up significantly

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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 […] Read more

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