Reading Time: 2 minutes Corn and soybean contracts hit new lows, while wheat saw its weakest prices in nearly two months on the Chicago Board of Trade (CBOT) during the week ended Jan. 17.
Soybeans
CBOT weekly outlook: USDA estimates, weather pulling prices down
Shipping costs due to re-routing away from embattled Red Sea also affecting markets
U.S. grains: Soybean futures firm as traders wrestle with Brazilian output forecasts
Conflicting South American soy crop forecasts roil trade; market processing USDA crop production report
Reading Time: < 1 minute Chicago Board of Trade soybean futures ended higher on Tuesday on a technical bounce, amid a day of volatile trading and a flurry of news with conflicting pricing guidance, traders said.
Speculative short position hits new record in canola
Soybeans hit largest net short position since March 2020
Reading Time: < 1 minute Speculators were back adding to their large net short position in canola to start 2024, taking the bearish bet to a new record, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
U.S. grains: Corn plunges on robust supplies, sluggish US demand
Soybeans fell to lowest price in 26 months on larger Brazilian crops, U.S. yield
Reading Time: 2 minutes Chicago corn futures plunged to a three-year low on Friday after the U.S. Department of Agriculture reported that U.S. corn stocks swelled to their highest levels since 2018
US corn stocks swell as world recovers from tighter supplies
Global corn ending stocks are projected to hit a six-year high in 2023/34
Reading Time: 2 minutes U.S. corn inventories last month swelled to their largest level since 2018, the U.S. Department of Agriculture said on Friday, as global supplies recover from multi-year lows.
U.S. grains: Soy futures near two-year lows as traders await US crop reports
Corn futures eased; wheat futures also slumped
Reading Time: 2 minutes Chicago Board of Trade soybean futures ended flat on Thursday and remained near their lowest level since December 2021 amid lackluster demand for U.S. exports and an improved South American supply outlook.
IGC raises wheat, corn, cuts soybeans
IGC upped projected total grain ending stocks to 590.2 million tonnes
Reading Time: 2 minutes As the world’s supply of grain for 2023/24 was increased to 2.307 billion tonnes, the International Grain Council bumped its projections for wheat and corn, while trimming those for soybeans.
U.S. grains: Soybeans fall on demand concerns, Brazilian crop outlook
Corn, wheat futures were steady to up
Reading Time: 2 minutes Chicago soybean futures fell on Wednesday, shedding gains from the previous session, amid growing market concerns about export demand and improving weather for Brazil's oilseed crop.
ICE canola weekly outlook: Possible support uncovered
Chicago soyoil has shown some stability, underpinning canola
Reading Time: < 1 minute The ICE Futures canola market hit fresh contract lows to start 2024 but may have finally uncovered some support.
CBOT weekly outlook: Big surprises unlikely in S/D report
Watch out for which side of two billion bushels U.S. corn carryout lands, analyst says
Reading Time: 3 minutes Ahead of the monthly report from the United States Department of Agriculture on Jan. 12, Allendale Inc. president Steve Georgy said he’s not expecting any major surprises for U.S. corn, soybeans or wheat at this point in the 2023/24 marketing year.