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.
Wheat
U.S. grains: Soy ticks up on drought concerns, traders eye US harvest
Markets continue to push lower
Risk premiums created by Russia's invasion of Ukraine have evaporated
Market sentiment remains bearish for most agricultural commodities, including the major crops grown in Western Canada. Prices have been declining in most markets since the recent highs were set at the beginning of the Russian invasion of Ukraine in 2022. Markets have gradually adjusted to the news coming from the conflict and has effectively removed […] 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.
Manitoba harvest passes halfway mark: report
Harvest operations in Manitoba passed the halfway mark during the week ended Sept. 17, with wide ranging yields in the latest provincial crop report.
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.
U.S. grains: CBOT wheat hits 12-week peak on Black Sea tensions
Chicago Board of Trade wheat futures reached a 12-week high on Friday as escalating tensions in Russia's war with Ukraine increased uncertainty about Black Sea exports.
Alberta weekly crop report: Harvest yields are coming in lighter than expected
Combining of major crops in Alberta progressed 23 points during the week ended Sept. 10, reaching 54 per cent, according to the province's latest weekly crop report. While dry weather helped to advance the harvest, crop yields were not meeting expectations.
Prairie Wheat Weekly: Cash prices for spring wheat, durum mostly higher on the week
Cash prices for Canada Prairie Red Spring Wheat and Canadian Western Amber Durum were up for the week ended Sept. 12, while those for Canadian Western Red Spring Wheat were mostly higher.
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