Chicago corn futures ticked down and soybean futures hovered near unchanged on Friday with seasonal harvest pressure on the rise.
Oilseeds
U.S. grains: Chicago corn dips, soybeans steady on big expected yields
NWT closes Unity elevator for foreseeable future
North West Terminal Ltd. in Unity, Saskatchewan, has idled its grain elevator after several years of losses.
Louis Dreyfus first half profit drops as grain supply swells
LDC, one of the world's largest crop traders and processors whose competitors include ADM, Bunge and Cargill, said its core earnings (EBITDA) were $1.057 billion (C$1.434 billion) in the first six months of 2024, against $1.169 billion (C$1.586 billion) a year earlier.
U.S. grains: Wheat and corn ease on uninspiring export sales
Chicago corn and wheat futures ticked down on Thursday following lackluster export sales data released by the U.S. Department of Agriculture. Soybeans were dragged along for the ride despite more encouraging numbers, said analysts.
U.S. grains: Soy ticks up on drought concerns, traders eye US harvest
Soybean futures climbed on Wednesday on a round of short covering sparked by concerns over hot, dry weather in top producer Brazil that may threaten soybean seeding, traders said.
Feeling the pinch
Uncertainty across commodity and input markets creates difficult choices for farmers
Farmers are facing a tight squeeze this fall. Commodity prices are low, and the lower input prices that they’re used to this time of year are not materializing. Keystone Agricultural Producers president Jill Verwey says it’s a tough time for growers. “Being able to make a profit this year is going to be pretty slim,” […] Read more
CBOT Weekly: Possible Chinese trade action of little concern
As price movement in soybeans on the Chicago Board of Trade continued to be a tussle between dry conditions in Brazil versus pressure from the United States harvest, Sean Lusk, vice-president of Walsh Commercial Hedging in Chicago, suggested not to pay much attention to any trade action China might soon take against U.S. soybeans.
U.S. grains: Wheat slips as concerns over Black Sea tensions fade
Chicago wheat futures eased on Tuesday as geopolitical tensions between Russia and Ukraine faded into the background and brisk exports of Black Sea wheat continued to pose tough competition to U.S. wheat exports, traders said.
U.S. grains: Wheat and corn slip on profit taking, soy also falls
Chicago wheat futures dipped from three-month highs on Monday on profit taking following the previous week's rally sparked by crop concerns in Europe and escalating tensions between Russia and Ukraine, traders said.
Fund traders add to bearish bets in canola
Managed money fund traders added to their large net short position in canola in early September, while profit-taking saw a reduction in the bearish bets for soybeans and corn in Chicago, according to the latest Commitments of Traders report.