General Comments Overnight trade was quiet in the absence of new inputs. Wheat was weaker with some traders trying to run ahead of index funds that are likely to shed some of their long wheat position during year-end rebalancing. The day session also opened quietly amid a lack of fresh news. USDA's weekly Export Sales report is delayed until tomorrow (Friday) due to the holiday. With nothing much to trade on, markets retained a holiday atmosphere. Volume for corn and wheat was relatively light, and price movements were muted within narrow ranges.The soy complex saw somewhat better volume and wider price ranges thanks in part to some bargain hunters who pushed prices up 7-8 cents early in the day session before renewed technical selling p...
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Yesterday, Alberta held a referendum on whether to begin the process toward independence from Canada. With more than one million votes counted as of early Tuesday morning, around 77 percent supported remaining in Canada, and 23 percent voted to start the process of separation, according to unof...
Mediterranean/Middle East/North Africa/Africa – MEA Region Pakistan’s smaller wheat farmers have been holding protests to complain about the lack of a support price for wheat and the potential expansion of GMO crop production. They also want the reinstatement of PASSCO, the governme...
What You Need to Know Today: Harvest pressure in the U.S. sent corn and soybeans lower as supplies increased and there were signs USDA’s upward revisions to yields in the October WASDE could be close to right. The conflict between Russia and Ukraine escalated over the weekend, with Ukrai...