Despite the majority of all three major United States crops being in good to excellent condition, hot weather and speculative fund buying have lifted prices at the Chicago Board of Trade (CBOT).
Cereals
CBOT Weekly: Weather, fund buying raises prices
Manitoba Crop Report: Crops grow with additional heat
Warmer conditions helped crops across Manitoba advance in their development during the week ended July 21, according to the province’s weekly crop report.
Bunge, Viterra $34 bln deal heading for conditional EU nod, source says
U.S. grains merchant Bunge and Glencore-backed Viterra's $34 billion merger deal is heading towards conditional EU antitrust approval, a person with direct knowledge of the matter said on Wednesday.
U.S. grains: Soybeans, corn touch two-week highs on short-covering, weather
The price rally in Chicago Board of Trade (CBOT) corn futures extended into a second day on Tuesday, with the most-active contract Cv1 reaching a two-week high, as traders began to focus on weather-related impacts on the U.S. crop and short-covering, market analysts said.
Grain commission cancels LSM licence
The Canadian Grain Commission has revoked the licence of LSM Commodities. In a phone message to the Western Producer, a commission spokesperson said the licence was revoked as of 12:01 a.m. July 23.
AAFC makes changes in July estimates
Agriculture and Agri-Food Canada (AAFC) made a handful of changes to its July balance sheet released on July 22, compared to the month before.
U.S. grains: Soybeans rebound as market unwinds some of its ‘Trump trade’
Chicago Board of Trade soybean futures jumped on Monday on a flurry of short covering, with prices rebounding from last week's 2020 lows as traders re-evaluated the U.S. political landscape after U.S. President Joe Biden abandoned his reelection bid on Sunday.
Good demand expected for Canada’s two biggest crops
Stephen Nicholson, global sector strategist of grains and oilseeds for Rabobank, said the U.S. hard red winter crop is big and getting larger as the weeks tick by. On the surface that sounds like it would be bad news for Canada's spring wheat growers, but he said big yields often correlate to low protein levels for U.S. HRWW.
U.S. grains: Wheat rebounds on short covering, global weather worries
Chicago Board of Trade wheat futures climbed on Friday on short-covering and concerns over weather in wheat-growing areas of the U.S. Plains and globally.
Alberta crops holding their own for now
Alberta reported its crops were still in good shape despite temperatures pushing above 30 degrees Celsius and a lack of rain as of July 16. The report put the overall rating for the province’s crops at 74 per cent good to excellent, seven points above the five-year average.
Cyber-Savvy Farmer
