Chicago wheat futures plunged to contract lows on Tuesday to approach their lowest point since 2020 as sinking corn futures and seasonal supply pressure from Northern Hemisphere harvests weighed on the market, traders said.
Pulses
U.S. grains: Wheat, corn sink to contract lows as large supply weighs
ADM Q2 profit falls to 5-year low amid trade turmoil
Archer-Daniels-Midland posted its lowest second-quarter profit in five years on Tuesday as U.S. trade upheaval and uncertainty around biofuel policies slowed sales and crimped trading and crop processing margins.
U.S. grains: Soy futures post weekly loss on expectations for big U.S. crop
Chicago Board of Trade soybean futures finished flat on Friday but notched a second consecutive weekly decline as ample global supplies, favorable U.S. weather and weak Chinese demand hung over the market.
U.S. grains: Soy futures set April low on good US crop weather, slow China demand
Chicago Board of Trade soybean futures fell on Thursday to their lowest level since April on beneficial U.S. crop weather and poor demand from China, analysts said.
Rain aids some Saskatchewan crops
Soil moisture largely adequate
There was some relief for crops in Saskatchewan following sporadic showers. The provincial agriculture department said farmers are hoping for more rain to aid head and pod filling, but the weekly crop report for the week ended July 28 noted that more moisture wouldn’t help the yields for more advanced crops.
U.S. grains: Soybean futures extend losses on favorable US weather, weak demand
Chicago Board of Trade soybean futures fell for the fourth consecutive session on Wednesday, dragged down by favourable weather across the U.S. Midwest and sluggish export demand, analysts said.
Changes to Manitoba’s spring wheat: crop report
Canola varies widely
Crops in Manitoba continued to hold up quite well, but the provincial agriculture department reported some variation in the spring wheat over the week ended July 29.
Pulse Weekly: Most lentil prices lower as focus changes to new crop
Lentil prices on the Canadian Prairies eased back during the week ended July 28, said Levon Sargsyan, broker with Johnston’s Grain. Sargsyan noted that’s due to the recent rains that brought relief to some of the dry areas of the region.
U.S. grains: Corn, soy futures extend slide on milder weather forecasts
Chicago corn and soybean futures fell on Tuesday for a third straight session as forecasts for cooler Midwest temperatures this week and continued periodic rains reinforced expectations for ample U.S. harvests, analysts said.
U.S. grains: Corn futures hit two-week low; soy slides, wheat steadies
U.S. corn futures hit a two-week low on Monday and soybeans also fell as market players continued to brace for large crops and forecasts called for milder, non-threatening weather in the Midwest production belt.