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Managed money backing out of bearish canola bets

MarketsFarm – Fund traders were backing out of bearish bets in canola while actively putting on new longs during the week ended July 21, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in […] Read more

Prairie cash wheat: Bids broadly lower

Prairie cash wheat: Bids broadly lower

MarketsFarm — Wheat bids in Western Canada were broadly lower during the week ended Thursday, with double-digit losses observed in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats. Canada Western Amber Durum (CWAD) had moderate declines. Average CWRS (13.5 per cent protein) wheat prices were down $7-$11 per tonne, according to […] Read more


CBOT November 2020 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soybeans ease on China tensions

Wheat gains on declining U.S. dollar, export hopes; corn mostly flat

Chicago | Reuters — Chicago soybeans softened on Friday as optimism over Chinese buying in the United States was tempered by political tensions between the two economic heavyweights. Corn ended lower on strong crop conditions, while wheat rose on hopes of new U.S. export sales with the dollar remaining low. The Chicago Board of Trade’s […] Read more

CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: China tensions cap soybeans’ gains

Corn prices up slightly on trade optimism; wheat falls back slightly

Chicago | Reuters — U.S. soybean futures climbed on Thursday, boosted by demand from China, although escalating tensions between Beijing and Washington capped gains. Corn edged higher as optimism over possible continued buying from China offset strong crop conditions. Wheat scaled back on technical selling. The most-active soybean contract on the Chicago Board Of Trade […] Read more


CBOT August 2020 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soybeans gain ground on Chinese buying

Wheat rebounds after technical correction

Chicago | Reuters — Chicago corn and soybeans futures climbed on Wednesday as news of Chinese purchases offset strong yield prospects after recent rain across the U.S. Midwest offered relief to pollinating corn crops. Both commodities gained even after the United States ordered China to close a consulate in Houston, escalating diplomatic tensions and putting […] Read more

CBOT August 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans trim back on improved crop conditions

Wheat gains on weaker U.S. currency

Chicago | Reuters — Chicago soybean futures fell on Tuesday, despite renewed exports to China, after the U.S. Agriculture Department issued better-than-expected weekly crop ratings. Corn also eased on better-than-expected crop conditions and favourable U.S. weather as traders eyed record yield potential this fall. The Chicago Board of Trade’s most active soybean contract fell 6-1/2 […] Read more