Reading Time: 2 minutes CNS Canada –– Corn futures on the Chicago Board of Trade appear poised to fall lower in the days to come, after a surprising week in which values jumped around 18 cents per bushel. “Price-wise, if you look at the charts, we are high up on some ranges, too high for the moment,” said Brian […] Read more
CBOT weekly outlook: Corn, soybeans look overpriced
CBOT weekly outlook: More losses likely as U.S. harvest pressure mounts
Reading Time: 2 minutes CNS Canada — Soybean and corn futures at the Chicago Board of Trade are both trending lower and should continue to do so, as seasonal harvest pressure and large production estimates will limit the upside potential over the next few weeks. “To some extent, the large crops are dialed in to our prices,” said Rich […] Read more
CBOT weekly outlook: Harvest pressures run up against harvest conditions
Reading Time: < 1 minute CNS Canada — Soybean futures at the Chicago Board of Trade moved higher during the week ended Wednesday, as a rally in soyoil, solid export demand and concerns over harvest delays across the U.S. Midwest all provided support. The U.S. soybean harvest was just getting started, with four per cent in the bin as of […] Read more
CBOT weekly outlook: Corn, soy markets lean on yield data
Reading Time: < 1 minute CNS Canada –– A data set from the U.S. Department of Agriculture (USDA) has given traders a better idea of yield potential, which will dictate short-term market movement. Soybeans — The soybean market will likely trend lower in the near-term, said Terry Reilly of Futures International in Chicago. “We’re still bearish, given that we think […] Read more
U.S. soybean production gains outpace rising demand
Reading Time: 2 minutes Washington | Reuters — Record demand for soybeans has paled in comparison to the expected sharp gains in supply, which will leave U.S. farmers and commercial operators with a growing stockpile of the oilseed even as exports and crushings continue to rise. The U.S. Agriculture Department on Monday raised expected demand for U.S. soybeans during […] Read more
CBOT weekly outlook: Corn, soybean rallies short-lived
Reading Time: 2 minutes CNS Canada — Corn and soybean futures at the Chicago Board of Trade both recorded gains during the week ended Wednesday. Prices were pushed higher as traders prepared for subcontracts to come off the board next week; however, gains are expected to be short-lived, said one analyst. “I think we’re just seeing a dead cat […] Read more
CBOT weekly outlook: Further downside ahead for soy, corn
Reading Time: 2 minutes CNS Canada –– Soybeans and corn at the Chicago Board of Trade lost ground on the week, and harvest pressure could cause further declines in coming sessions, one U.S. analyst says. Soybeans – Soybean prices settled at a key technical level on Wednesday, which means traders will be closely watching the market for indications on […] Read more
CBOT weekly outlook: Soybeans watch U.S. export sales
Reading Time: < 1 minute CNS Canada — Corn futures at the Chicago Board of Trade recorded losses during the week ended Wednesday, while soybean futures added gains for the September contract but recorded losses for the November contract. “Everything’s coming off this week, (prices are) coming down… there’s no real major issues going on,” said Terry Reilly, senior commodity […] Read more
Soybeans trip up top traders, prompt rare offer to U.S. farmers
Reading Time: 4 minutes Chicago | Reuters — Two of the world’s biggest agricultural trading houses bungled crop sales they made on behalf of U.S. farmers this year because of what one described as “unique” price moves for soybeans, prompting both to take rare steps to keep disgruntled customers. Every year, hundreds of U.S. farmers trust major grain traders, […] Read more
CBOT weekly outlook: Short-term pre-harvest gains likely for corn, soy
Reading Time: 2 minutes CNS Canada — Soybean and corn futures at the Chicago Board of Trade (CBOT) have moved off their nearby lows in recent sessions, and should be due for some more strength in the short-term before seasonal harvest pressure kicks in. The U.S. Department of Agriculture released relatively bearish production estimates on Friday, predicting larger-than-expected U.S. […] Read more
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