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Soybeans

CBOT May 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy, wheat, corn up on economic stimulus hopes

Recovery continues off COVID-19-related pressure

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Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures rose on Tuesday on technical buying and expectations for a co-ordinated global effort to offset the economic impact of the coronavirus outbreak. The U.S. Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the COVID-19 virus, whose global […] Read more
CBOT May 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybean futures touch five-week high

Corn rises as markets rebound

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures set a five-week high and corn futures advanced on Monday as markets rebounded from selling last week that was fueled by concerns over the fast-spreading coronavirus outbreak. Equity markets around the world rose on speculation that central banks will cut interest rates to soften the economic blow of […] Read more
CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Crop futures slide on coronavirus fears

Corn sets new contract lows, ends mixed; wheat at 3-1/2-month low

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures slumped to new contract lows on Friday and wheat fell to a 3-1/2-month low with a seventh daily drop in eight trading sessions as a spike in new coronavirus cases beyond China fueled fears of a pandemic. Soybeans also retreated, reversing course after three days of gains as […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Fund traders still bearish on canola

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Reading Time: < 1 minute MarketsFarm — Fund traders remained heavily on the short side in canola futures during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 62,709 contracts (1,100 long/73,809 short), which […] Read more
CBOT May 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, wheat tumble as coronavirus rattles investors

Soybeans up off nine-month low on Argentina export news

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell to contract lows on Thursday and wheat futures slumped to the lowest level in 2 -1/2 months in tandem with tumbling equities and energy markets amid investor fears of the coronavirus outbreak developing into a pandemic. Soybeans fell to their lowest point in nine months but later […] Read more
CBOT May 2020 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans bounce on chance of Argentina export limits

Coronavirus fears remain anchor on commodities prices

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures on Wednesday extended a rebound from a sharp drop earlier this week as investors anticipated changes to Argentine export taxes that could reduce export competition from the major soy supplier. Corn and wheat futures eased on pressure from a firmer dollar, which creates headwinds for U.S. exports, and […] Read more
An image created by Nexu Science Communication, together with Trinity College in Dublin, shows a model structurally representative of a betacoronavirus, the type of virus linked to COVID-19. (Nexu Science Communication via Reuters)
Crops, Markets

CBOT weekly outlook: Coronavirus, other factors grip markets

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Reading Time: 2 minutes MarketsFarm — As fears of a worldwide pandemic of the COVID-19 coronavirus increase, markets, including the Chicago Board of Trade (CBOT), are seen to have been taking a beating. “The perception is, it’s going to get worse, that trade is going to struggle,” said Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill., analogizing […] Read more
File photo of young plants in a soybean field in Argentina. (Gracieross/iStock/Getty Images)
Crops, Markets, Reuters

Argentina ag ministry suspends registration of exports

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Reading Time: < 1 minute Buenos Aires | Reuters — Argentina’s ministry of agriculture suspended on Wednesday the registration of agricultural exports until further notice, it said in a statement, a move that traders said likely foreshadowed a steep increase in grains export tariffs. “When they close the registration, it’s because something is coming,” said agricultural consultant Nestor Roulet, secretary […] Read more
CBOT May 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans bounce, corn stabilizes

Warm winter, weaker Russian ruble drag on wheat

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures stabilized on Tuesday and soybean futures firmed in a mild recovery from the prior session’s steep drop on fears about the impact of the coronavirus outbreak. Wheat futures were mixed after posting fresh lows on technical selling and pressure from ample global supplies and stiff competition for U.S. […] Read more

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