Some of the world’s largest soybean traders are preparing to break their agreement to curb deforestation of the Amazon rainforest to preserve tax benefits in Brazil’s top farm state, two people with direct knowledge of the matter told Reuters.
Oilseeds
Soy trading firms to abandon Amazon protection pact in Brazil
U.S. grains: Wheat extends gains on short covering, war risk
Chicago | Reuters – Chicago Board of Trade wheat futures rose for a fifth session on Wednesday as worries about the escalation of hostilities in the Black Sea export zone and severe cold in Russian wheat belts encouraged short-covering before the Christmas break, traders and analysts said. Corn futures edged up on robust demand and […] Read more
U.S. grains: Wheat ends higher on short covering though ample supply weighs
Chicago | Reuters – Chicago Board of Trade wheat futures inched higher on Tuesday on positioning ahead of the holidays, though a massive global supply of wheat kept a lid on prices. Soybeans and corn spent the day chopping up and down, but gained some support from an end-of-year rally, which is typical as traders […] Read more
U.S. grains: Wheat leads grains higher with Russian strikes in focus
Chicago | Reuters – Chicago wheat rebounded on Monday as reports of more Russian strikes on Ukrainian port infrastructure rekindled concerns about war risks to Black Sea grain trade, encouraging investors to cover short positions after an eight-week low last week. Soybeans were also higher, breaking a run of six falling sessions, as the oilseed […] Read more
Huge crops in South America says analyst
Although there’s a debate over the size of the South American soybean crop, there’s little doubt that it will be an enormous one, said consultant Michael Cordonnier of Soybean and Corn Advisor in Hinsdale, Ill.
U.S. grains: Wheat trades near contract lows under ample global supply
Chicago | Reuters – Chicago wheat futures ended higher on Friday, but hit their biggest weekly drop since June as abundant and cheap global supply kept prices near an eight-week low. Soybean futures declined for a sixth day, reaching their lowest price since October 24, as speculators continued to unwind long positions due to ample […] Read more
U.S. grains: Wheat recovers on short covering, soy continues to fall
Chicago | Reuters – Chicago wheat futures found their footing on Thursday on short covering but remained near eight-week lows after China cancelled purchases from the United States and as large harvests in Argentina and Australia poured new grain into a well-supplied market, analysts said. Soybean futures continued the previous day’s fall on long liquidation […] Read more
U.S. grains: Wheat sets fresh eight-week low as ample global supply continues to weigh
Chicago | Reuters – Chicago Board of Trade wheat futures fell for a fourth consecutive session on Wednesday, setting a new eight-week low, as ample supply and progress in peace talks between Russia and Ukraine triggered selling by speculative investors. Corn futures firmed on export demand, though pressure from the wheat market continued to weigh […] Read more
‘A little bit of a resurgence for flax’
Flax is sitting in a good position following this year’s harvest, said Scott Shiels of Grain Millers Canada in Yorkton, Sask.
Ukrainian grain exports curtailed by Russian attacks, union says
Ukrainian wheat exports have been curbed as Russia’s recent heavy attacks on Black Sea ports and energy facilities have forced the shutdown of some grain export terminals, Ukrainian farmers’ union UAC said on Wednesday.