U.S. soybean futures climbed to a 1-1/2 month high on Wednesday, extending gains from the prior session after the U.S. Department of Agriculture forecast a much smaller autumn harvest than previously expected.
Large crops to weigh on CBOT corn/soybeans
“We have a lot of corn out there”
Expectations for a record large corn harvest in the United States this year are overhanging the futures market, which should keep values under pressure through the harvest season.
U.S. grains: Corn dives after USDA projects bin-busting US harvest, soybeans rise
U.S. corn futures plunged to contract lows on Tuesday after the Department of Agriculture projected a record-shattering corn harvest this year as farmers planted more acres than expected and the crop faced few weather challenges this summer.
Record yields forecast for U.S. corn and soybeans
Corn at 188.8 bu./ac. soybeans at 53.6 bu./ac.
Record large corn and soybean yields are expected in the United States this year, according to the latest estimates from the U.S. Department of Agriculture released Aug. 12.
Grain movement booms; timeliness a concern
CN sets record and CPKC has big year, but shippers say weekly rail car order fulfilment was disappointing
CN moved a record volume of grain in the crop year that just ended, while CPKC moved the most since 2021-22. But the WGEA said it wasn’t moved at the right time.
U.S. grains: Soybeans rally after Trump urges China to buy more U.S. beans
U.S. soybean futures rallied to a two-week high on Monday after U.S. President Donald Trump said he hoped China would quadruple its soybean buying from the United States and as forecasts of hot, dry U.S. weather sparked some concern about yields.
Wheat losses expected
Market analyst says spring wheat isn’t a ‘money-making thing’ under current prices
many farmers won’t make a profit growing spring wheat this year, but there should be good demand for high protein, high quality wheat.
U.S. grains: Chicago corn, wheat choppy amid demand uptick, ample supply
Chicago wheat, corn and soybean futures chopped up and down but ended lower on Friday as traders weighed a bounce in demand fuelled by low prices against expectations of ample supply and upcoming U.S. government crop forecasts.
Glencore appears to be readying agriculture industry exit
Company says it will likely sell its remaining share in Bunge now the Viterra merger is concluded
Glencore wants to exit the agriculture business. Neil Townsend believes that is because there’s a “profitability problem” in agriculture.
Prairie wheat bids weaken in early August
Losses in U.S. futures weigh
Hard red spring wheat bids in Western Canada were weaker during the week ended Aug. 7, as a move to five-year lows in the United States futures weighed on prices.
