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CBOT weekly outlook: Bearish picture for commodities

Prices may not go much lower given the commodities have hit contract lows, says analyst

Reading Time: 2 minutes Ahead of the United States Department of Agriculture Outlook Forum, analyst Bryan Strommen of Progressive Ag in Fargo, N.D. painted a rather bearish picture for the commodity markets. However, he noted that prices might not go much lower given the commodities have hit contract lows.







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Prairie wheat weekly outlook: Prices down, especially for durum

Weaker Canadian dollar lends support, K.C., Chicago and Minneapolis wheat put pressure on prices

Reading Time: 2 minutes Wheat prices across the Canadian Prairies pulled back during the week ended Feb. 8. While there were moderate declines in Canadian Western Red Spring Wheat and Canada Prairie Red Spring Wheat, there were sharper losses for Canadian Western Amber Durum.



(GrainsConnect.com)

USDA raises U.S. carryout, tightens Brazilian production

World wheat carryout estimate downgraded, but well above previous year

Reading Time: 2 minutes Projected ending stocks of soybeans, corn and wheat in the United States were raised slightly higher in the latest supply/demand estimates from the United States Department of Agriculture, while production estimates for Brazil were revised lower.