Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures climbed on Monday on short-covering and concerns that the weather in South America could hamper production of the crops in Brazil and Argentina. Wheat rallied around two per cent as commodity funds exited short positions and on increasing worries that dry weather in the U.S. Plains […] Read more
U.S. grains: Corn, soy rise on South American weather worries
U.S. grains: Hard red winter wheat jumps as traders watch weather
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures sagged on Friday, pulling back from a rally above $10 a bushel a day earlier, while hard red winter wheat futures climbed to their highest price in more than three months. Traders in both markets were eyeing unfavourably dry weather in important growing areas: Argentina for soybeans and […] Read more
U.S. grains: Soybeans retreat from seven-week high
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures pulled back on Thursday after concerns about drought in rival exporter Argentina temporarily pushed prices above US$10 a bushel for the first time in seven weeks. The market finished unchanged, breaking a streak of eight sessions with consecutive advances. A ninth session would have marked the longest string […] Read more
U.S. grains: Highest grain prices in weeks as U.S. dollar falls
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures rose to their highest prices in weeks on Wednesday on technical buying, a slide in the U.S. dollar and dry weather in rival exporter Argentina. The dollar’s decline to a three-year low prompted corn and wheat traders to buy back previously sold positions, brokers said, after […] Read more
U.S. grains: Soybeans up on South America weather worries
Reading Time: 1 minute Chicago | Reuters –– U.S. soybean futures climbed to a five-week high on Monday, in buying fueled by steep gains in soymeal as dry weather in Argentina threatened to cut yields, traders said. CBOT March soybean futures rose for the sixth straight session, settling up seven cents or 0.6 per cent at $9.84-1/4 per bushel […] Read more
U.S. grains: CBOT soybeans, corn end week firm
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for the fifth straight day on Friday, hitting their highest in 5-1/2 weeks as concerns about crop development in South America fuelled buying, traders said. Parched soils in Argentina have underpinned prices throughout the week. “Dryness in Argentina has provided enough fuel for soybean prices to find […] Read more
U.S. grains: Soybeans rise as Argentine weather worries lift soymeal
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed for a fourth straight session on Thursday to the highest in nearly two weeks on concerns that dry conditions in Argentina could reduce the soybean crop and scale back soymeal supplies. Wheat futures rose on short-covering and a weakening U.S. dollar, while corn drifted lower on technical […] Read more
ICE weekly outlook: Sideways canola looks for direction
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts remain stuck in a sideways trading pattern, with little hint of which way values will eventually break. Canola “is getting tugged from different sources,” said Ken Ball of PI Financial in Winnipeg, adding that “it could go up or down $5 depending on what happens around it.” […] Read more
CBOT weekly outlook: Markets await USDA reports
Reading Time: < 1 minute CNS Canada — Updated production, stocks and acreage numbers due out from the U.S. Department of Agriculture on Friday should provide some nearby direction for U.S. grain and oilseed markets. “I can’t really get too bullish on the bean market with the large USDA estimates hanging over our heads,” said Terry Reilly of Futures International […] Read more
U.S. grains: Corn, soy, wheat ease ahead of USDA reports
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures fell to a roughly three-week low on Monday while wheat declined to the lowest in one week as grain prices were pressured by position squaring ahead of government crop reports due on Friday. Analysts expect the U.S. Department of Agriculture to show abundant global grain and soy supplies […] Read more
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