U.S. wheat futures turned higher on Wednesday as worries about crop prospects in top global exporter Russia sparked a round of short-covering, analysts said.
I note with interest that the organization formerly known as the Western Canadian Wheat Growers Association has picked a venue for its next annual convention. I mean “with interest” as in “I’ll be interested to see if they get the same blowback they got 25 years ago, but I’m betting not.” The group, which recently […] Read more
U.S. soybean and corn futures climbed to two-month highs on Tuesday, following broad gains in commodity and equity markets after China unveiled economic stimulus measures, but pared gains as forecasts called for improved crop weather in South America, analysts said.
While producers could feel the pinch of a strike at the Port of Vancouver's grain terminals within a week, the markets won't feel much of a hit unless the strike continues for three or four weeks, analysts said.
Chicago Board of Trade soybean futures hit nearly a seven-week high on Monday as uncertainty about Brazilian planting weather and the size of the U.S. harvest sparked a round of fund-driven short-covering, analysts said.
The net fund short position in canola grew in mid-September, as speculative selling took the futures to contract lows, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
A friend of mine operates a 300-cow-calf operation. This year, he put out his creep feeders during the end of July and his March-born calves really haven’t eaten much creep-feed in the last month. That’s because his pastures are still lush and his cows are milking well. He joked that he is ready to lock […] Read more