Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade (CBOT) soybean and corn futures set eight-month highs on Wednesday on concerns about the risk for more unfavorable crop weather in drought-stressed growing areas of South America, traders said. The U.S. Department of Agriculture, in a monthly crop report, pegged Brazil’s soy crop at 134 million tonnes, […] Read more
U.S. grains: Corn, soy futures set eight-month highs
USDA lowers South America corn, soy crop estimates
U.S. grains: Soybeans dip ahead of USDA report
Wheat underpinned by U.S. dryness
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean prices fell on Tuesday, a day after hitting an eight-month high, ahead of the U.S. Agriculture Department’s monthly global supply and demand assessment that is expected to downgrade South American crop production. Corn also eased, while wheat firmed, underpinned by ongoing dryness across the U.S. southern Plains. The Chicago […] Read more
U.S. grains: CBOT wheat nears two-month peak on Ukraine crisis
Corn hits June high
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures approached a two-month high on Tuesday as fears of Russian military action in Ukraine made traders nervous about a potential disruption to supplies from the Black Sea exporters. Tensions remained high after NATO said on Monday it was putting forces on standby and reinforcing Eastern […] Read more
CBOT weekly outlook: Prices up on hot weather, growing tensions
Reading Time: 2 minutes MarketsFarm — Soybean, corn and wheat futures at the Chicago Board of Trade were all showing some strength Wednesday, recovering from losses posted over the previous week. South American weather concerns and broader geopolitical tensions countered any bearish influence from the latest supply/demand estimates from the U.S. Department of Agriculture. South America recently received much-needed […] Read more
U.S. grains: Wheat, corn rally to highest since December
Soybeans jump 2.2 per cent
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures surged 3.6 per cent to their highest in more than three weeks on Wednesday, with traders focused on dry and cold weather in key growing areas of the Midwest and southern Plains. Weather concerns also boosted soybeans and corn as investors shrugged off recent rains in South America. […] Read more
U.S. grains: Soy eases on outlook for rain on South American crops
Corn inches higher; CBOT wheat touches one-week low
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures slumped on Friday to their lowest price in more than a week under continued pressure from forecasts for rain in dry South American growing areas, analysts said. Soybean futures have retreated about three per cent since reaching July highs a week ago on concerns about […] Read more
U.S. grains: Corn, soy sag on South America weather forecasts
Argentina rain outlook tempers crop fears
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures tumbled on Thursday on expectations that rains forecast for dry crop-growing areas of South America may limit harvest losses, traders said. Weather forecasts show parched areas of Argentina, the world’s top exporter of processed soy and No. 2 producer of corn, may receive significant rainfall from […] Read more
CBOT weekly outlook: ‘No fireworks’ in January USDA reports
Reading Time: 2 minutes MarketsFarm — Updated supply/demand data from the U.S. Department of Agriculture were slightly bearish for grains and relatively neutral for soybeans, although there were no real surprises, according to an analyst. “There were no fireworks out of this report,” said Terry Reilly of Futures International in Chicago. World numbers put some pressure on wheat futures, […] Read more
U.S. grains: Soy, corn sag on South American weather outlooks
Wheat firms
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures fell on Monday on forecasts calling for much-needed rains in dry areas of South America, along with long liquidation ahead of several key U.S. government reports due at mid-week, analysts said. Wheat futures firmed on short-covering and the unwinding of inter-market spreads. Chicago Board of Trade […] Read more
U.S. grains: Soybeans rally, following soymeal gains
Wheat capped by big Argentina, Australia crops
Reading Time: 2 minutes Chicago | Reuters –– Chicago soybean futures rallied on Friday, supported by soymeal demand and weather issues in South America. Corn followed higher, although crops in Argentina and Brazil are likely less impacted by drought in the region as they have more time to benefit from rainfall expected later this month. Wheat rebounded from a […] Read more
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