Reading Time: < 1 minute Buenos Aires | Reuters – Argentina has cut its soybean export tax to 29.5 percent from a previous 30 percent, the first step in a plan to gradually reduce the levy to 18 percent over two years, the agriculture ministry said in a statement on Tuesday. The plan will see the tax cut by one […] Read more
Argentina begins phasing in cuts to soybean export tax
U.S. grains: Soybeans fall to four-month low
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures fell more than one per cent and neared a four-month low Thursday on improving crop prospects in Brazil that could curb demand for U.S. soy exports, traders said. Corn and wheat futures also declined in thin trade between the Christmas and New Year’s Day holidays. Chicago Board of […] Read more
U.S. grains: Soybeans up on short-covering, Argentina’s weather
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose about one per cent on Tuesday, notching their second straight session of gains, as investors bought back short positions amid extended forecasts for warm and dry weather in Argentina, traders said. Corn futures were narrowly higher and wheat slightly lower at the Chicago Board of Trade as […] Read more
U.S. grains: Corn, soy up on short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures edged higher on Friday for the first time in seven sessions in a short-covering bounce, but remained near three-month lows as forecast rain in Argentina eased concern about a potential supply risk. Corn was slightly higher on short-covering ahead of the Christmas holiday weekend, while wheat slipped as […] Read more
U.S. grains: Soybeans sink to three-month lows on Argentine rains
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures slumped to three-month lows on Monday as rain in Argentina eased concerns that farmers would scale back planting in the country, the third-largest soybean exporter and top soy product supplier. Corn futures also declined on the rainy Argentine weather and pressure from abundant supplies of the grain. Wheat […] Read more
U.S. grains: Soybeans drop, wheat firms, corn slips
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures sagged to their lowest in more than two months on Thursday, weighed down by forecasts for much-needed rains in Argentina, traders said. Wheat futures closed firm, supported by strong export data, while corn slipped. The most-active soybean contract on the Chicago Board of Trade dropped 1.2 per cent. […] Read more
U.S. grains: Soybeans sag as South American crop prospects improve
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures fell to a three-week low on Tuesday on improving weather in Argentina and rising estimates of Brazil’s soybean crop, while corn and wheat futures hit life-of-contract lows. CBOT January soybeans settled down 6-3/4 cents at $9.75-3/4 a bushel after dipping to $9.75, the contract’s lowest […] Read more
U.S. grains: StatsCan data help drag wheat to contract lows
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures slid to contract lows on Thursday, their fourth straight day of declines, on continued pressure from a Canadian report that showed harvest in that country was bigger than expected. The decline in wheat weighed on corn prices. Soybeans also fell, pressured by a round of […] Read more
CBOT weekly outlook: Soybean markets excite while corn settles
Reading Time: 2 minutes CNS Canada — Soybean prices on the Chicago Board of Trade (CBOT) are finding support from Argentina weather while corn markets remain stuck in sideways trading, according to a Chicago trader. “The corn markets have kind of been left out of the Argentina weather equation with heavy fund selling here and there… and then might […] Read more
U.S. grains: Wheat, soy slump on technicals, commodities selloff
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soy prices fell on Wednesday, pressured by technical selling amid a broad downturn across many commodities as the dollar climbed. Chicago Board of Trade soybean futures eased from an earlier roughly four-month high while wheat futures declined for the third straight session, nearing their contract lows set in […] Read more
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