Argentina's current wheat crop benefited from significant rainfall that fell over southern parts of the country's agricultural area at the weekend, the Rosario Grains Exchange (BCR) said in a report on Monday.
Chicago Board of Trade corn and soybean futures rose on improved U.S. export demand, analysts said, as the Department of Agriculture confirmed more sales on Monday.
Things have been greatly improving for Brazilian soybean and corn crops, while the jury is still out for Argentina, said Michael Cordonnier of Soybean and Corn Advisor Inc. in Hinsdale, Ill.
Iowa farmer Bob Hemesath is worried that U.S. agriculture will pay dearly if Donald Trump wins Tuesday's presidential election and makes good on a vow to swiftly impose a 60 per cent tariff on Chinese goods and at least a 10 per cent levy on all other imports.
Chicago | Reuters — Chicago corn futures ticked up on Friday as export demand for U.S. crops swelled and harvest pressure eased, analysts said. Soybean futures turned lower in choppy trading after rising earlier on U.S. export sales. Wheat futures also eased as rains over dry regions of the U.S. weighed on prices, though drought […] Read more
Feed barley and corn imported from the United States are currently trading at the same price into southern Alberta, said Lethbridge-based Darcy Haley, vice-president of Ag Value Brokers.
Chicago Board of Trade soybean futures rose on Wednesday after a four-session slide, amid strength in crude oil markets and signs of continued U.S. export demand for the oilseeds, market analysts said.
Soybean and corn futures at the Chicago Board of Trade were pressured by losses in crude oil over the past week, but uncovered support and could see some choppiness ahead of the United States election. The commodities were in a 'tug-o-war' as large supplies were countered by good demand.
Chicago wheat futures climbed on Tuesday after the U.S. Department of Agriculture reported that the U.S. winter wheat crop was in worse condition than the trade had expected, according to analysts.