General Comments The overnight session provided more of the same for the soy complex and grains. Soybeans traded lower again while corn and wheat firmed. Soybeans have turned technically weak after three days of losses, and this encouraged more liquidation. Reports of increased supplies of soybeans at Chinese ports as U.S. and Brazilian shipments arrive, plus rumors that Chinese processors have cancelled some Brazilian purchases, helped push soybeans lower. The soybean market senses that while Brazil's problems and delays have gotten all of the attention, soybeans are being loaded in increasing volume, which should shut down export interest in old crop U.S. soybeans -- finally.This now familiar trend carried over into the day session aga...
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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...