Soybean, corn and wheat futures all came under pressure to start 2024, with the path of least resistance pointing lower still despite the potential for some end-user bargain hunting.
Cereals
CBOT weekly outlook: Soybeans, grains looking bearish to start 2024
Corn consistently below moving averages a bearish sign says analyst
U.S. grains: Soy futures recover from June low as rains benefit Brazil crops
A two-week high in the U.S. dollar also hung over agricultural markets
Chicago Board of Trade soybean futures ended firmer on Wednesday, as the market recovered after favorable rains in Brazilian crop areas sent the market to its lowest levels since June.
U.S. grains: Soy futures fall to June low on improved Brazilian crop weather
Corn set a contract low in front-month futures; wheat futures declined
U.S. soybean futures slid to their lowest level since June on the first trading day of the year, after rains hit dry areas of Brazil and forecasts called for more showers.
Funds holding large net short in canola heading into 2024
Corn traders were covering shorts and putting on some new longs as New Year rolled in
The net short position in canola futures was sitting near its largest levels on record to end 2023, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Cover crops: enough already
The benefits are often 'blown up' while the challenges are understated
Cover crops is a topic with a lot of ink spilled in many farm publications in recent years. Some scribblers seem to imply that a farmer is a laggard and an environmental hazard if she/he is not using cover crops on a regular basis. Cover crops actually include a wide variety of cropping sequences, and […] Read more
U.S. grains: Corn closes with biggest yearly loss in a decade
Wheat, soy decline on bumper Brazil harvest, resilient Black Sea trade
Chicago corn closed on Friday with its biggest yearly drop in a decade while wheat and soybeans also posted steep annual declines after bumper harvests in Brazil and resilient Black Sea trade tempered concerns about weather and war.
EU wheat prices set for annual fall as Black Sea trade withstands war
War in Ukraine propelled grain prices to record highs in 2022, but prices subsided this year
Euronext wheat edged up on Friday but was set for a sharp decline over the year after stiff export competition from the Black Sea region eased worries about war disruption to the grain trade.
U.S. grains: Wheat rebounds with Black Sea risks, short covering by funds
Corn, soybeans fell as traders assessed a rainy forecast in South America
Chicago wheat futures climbed on Thursday after a vessel hit a mine in the Black Sea, an incident that underscores the continuing security risks along the key global grain trade shipping route.
Feed Grain weekly outlook: Corn, barley on level ground
High Canadian dollar behind lower corn trading
Prices for Canadian feed barley and United States corn imports reached parity as the feed grain market took a breather between Christmas and New Year’s Day.
U.S. grains: Wheat slips after rally, soybeans tick higher
Traders continue to keep a sharp eye on Brazil weather forecast
Chicago wheat declined on Wednesday, erasing most of the gains made the day before when worries that escalating wartime tensions would impact shipping in the Black Sea exporting region sent grains markets higher.