CBOT weekly: USDA/weather in focus for corn and soybeans

CBOT weekly: USDA/weather in focus for corn and soybeans

Midwestern conditions favourable

Warm Midwestern temperatures and timely precipitation weighed on corn and soybean futures at the Chicago Board of Trade coming out of the Independence Day long weekend. Weather should remain a major market driver through the growing season, although some short-term direction could come from the monthly United States Department of Agriculture supply/demand estimates due out on July 11.




North American Grain and Oilseed Review: More sharp declines for canola

U.S. markets positioning ahead of July S/D report

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures fell hard on Wednesday, as the Canadian oilseed resumed its downward trend after a one-day respite. The November contract is now below its 20- and 50-day moving averages. A broker said fund selling and relatively decent crop conditions on the Prairies are […] Read more


ICE Canola Midday: Futures resume falling back

Fund selling, decent conditions underpinning declines

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures reverted to their downward drive with values notably lower late Wednesday morning. A broker said fund selling was one of the major factors behind the pullback with another being relatively decent conditions on the Prairies. The broker stressed that if conditions across […] Read more

Global Markets: Trump slaps on copper tariff

Canada is number two supplier to U.S.

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   There will now be a 50 per cent tariff on copper imported by the United States. President Donald Trump made the announcement on Tuesday. Canada is the number two supplier of […] Read more


ICE canola drops with soyoil Wednesday morning

Glacier FarmMedia — ICE canola futures were weaker Wednesday morning, taking back Tuesday’s gains with losses in outside markets accounting for some of the spillover selling pressure. Chicago soyoil and European rapeseed futures were lower, although Malaysian palm oil hit three-month highs overnight before running into resistance. Chart-based positioning was a feature, with the November […] Read more