The South American soybean crop may be larger than expected in US
Canola Seed & Rapeseed
Published Jan 28, 2023
Tridge summary
In America, the overall picture was mixed, while in Europe, a seller's superiority emerged during Friday's trading on the crop markets. In Chicago, wheat fell by 0.4 percent, soybeans by 0.7 percent, corn by 0.2 percent, and canola by 0.7 percent on the last trading day of the week. In Europe, mill wheat, canola and fodder wheat also closed in the red, but corn ended the day with a slight gain.
Original content
U.S. soybean futures fell on Friday on expectations that recent rains in Argentina boosted crop potential for the key South American exporter, traders said. Wheat futures were mixed, with the most active Chicago wheat trading lower after posting its biggest weekly gain in four weeks. However, wheat contracts for high-protein stocks were steady, underpinned by concerns over a cold front in the U.S. flatlands that could damage crops, as well as worries that an escalation in the Russia-Ukraine war could cut supplies from Black Sea ports. can lead to confusion. Corn futures rose on hopes of increased demand in the export market. All three commodities posted gains on a weekly basis. "Grains and oilseeds traders consolidated the recent gains ahead of the weekend," Arlan Suderman, chief commodities economist at StoneX, said in a note to clients. Recent rains have brought much-needed relief to much of Argentina's parched farmland, the Buenos Aires Grain Exchange said, and the coming rains ...
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