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CBOT May 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat down on forecasts for Plains moisture

CBOT soybeans and corn both end higher

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to a one-month low on Thursday, pressured by forecasts for welcome moisture in the southern U.S. Plains crop belt that should boost wheat production prospects, traders said. But soybean and corn futures ended higher, supported by South American supply worries and soaring global vegetable oil prices. Chicago […] Read more
CME April 2021 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME hog futures higher, cattle end lower

Corn's setback supportive for cattle

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures ended higher on Wednesday, led by firming cash hog prices and rising wholesale pork prices, traders said. CME April lean hog futures ended up 0.425 cent at 88.775 cents/lb., inching closer to a contract high set on Feb. 25 at 90.675 cents (all figures […] Read more
CBOT May 2021 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy sag on profit-taking after USDA data

Midwest's winter wheat entering key growth phase

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures each fell about two per cent on Wednesday, a day after monthly U.S. Department of Agriculture (USDA) forecasts failed to offer fresh bullish news, freeing traders to book profits following recent multi-year highs, analysts said. Wheat futures also declined, following the trend, with beneficial moisture expected […] Read more
(Qingwa/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: U.S. supply and demand report stands pat

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Reading Time: 2 minutes MarketsFarm — Expected changes to ending stocks for soybeans, corn and wheat did not occur in the latest supply and demand report Tuesday from the U.S. Department of Agriculture (USDA). Rather, the department held onto its February projections. “I’m disappointed [the USDA] didn’t adjust anything. I’m not saying they didn’t do their homework. I’m just […] Read more
CBOT May 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat and soy climb, corn sags after USDA data

U.S. dollar's retreat also supportive

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose more than one per cent on Tuesday after the U.S. Department of Agriculture in a monthly report lowered its forecast of global wheat inventories, analysts said. Corn futures declined on a surprise increase in USDA’s forecast of world corn stocks, while soybean futures firmed after a choppy […] Read more
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans near seven-year peak

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit their highest in almost seven years on Monday as forecasts for dry weather in Argentina and excessive rains in Brazil stoked supply concerns. Wheat futures declined, pressured by forecasts for beneficial rains in the U.S. Plains winter wheat belt late this week. Corn futures ended mostly higher […] Read more
CBOT May 2021 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soy futures rally on dry Argentina weather

Attention turns to next week's USDA supply-demand outlook

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures prices pushed higher on Friday, notching a fourth straight weekly gain, as dry weather in Argentina continued to fuel worries about global supplies of the oilseed. Corn futures rebounded from a three-week low reached in the previous session, while wheat futures also edged higher. Concerns increased over crops […] Read more
CBOT May 2021 soybeans with 20- and 40-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans jump on inclement South American weather

Weekly U.S. corn export sales miss expectations

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures settled higher on Thursday as adverse weather across South America fueled concerns about a short-term supply crunch. The market briefly turned lower late in the trading session amid gains in the U.S. dollar that make U.S. farm goods less attractive to importers, traders said (all figures US$). Prices […] Read more

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