Reading Time: 2 minutes CNS Canada –– Despite a divergence in the two markets on the week, Chicago Board of Trade soybeans and corn are expected to shift back into step, moving sideways to lower in short-term trade, one U.S. analyst says. Improving South American weather is likely to keep a lid on soybeans, said Terry Reilly, senior commodity […] Read more
CBOT weekly outlook: Soy, corn expected to move steady to lower
U.S. grains: Soybeans fall on Argentina weather
Reading Time: 2 minutes Reuters — U.S. soybean futures fell to a 1-1/2-week low on Wednesday on an improved South American crop weather outlook while corn edged higher on export demand, traders said. Wheat sagged on ample old-crop supplies and a lack of supportive news. Chicago Board of Trade March soybean futures settled down 3-1/4 cents at $10.55-1/4 per […] Read more
U.S. grains: Soybeans fall as Argentina crop worries ease
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures fell on Monday for a third straight session on profit-taking after last week’s six-month highs and improving weather outlook for Argentina, analysts said. Wheat closed higher on technical buying including short-covering, while corn ended nearly unchanged as the market consolidated after hitting a multi-month top on Friday. Chicago […] Read more
U.S. grains: Corn up on strong exports, ethanol demand
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures touched a six-month high on Friday, buoyed by robust demand from exporters and ethanol producers, analysts said. Wheat followed corn higher in largely technical trade while soybeans eased on profit-taking. But all three markets posted weekly gains. Chicago Board of Trade March corn settled up 3-1/2 cents at […] Read more
U.S. grains: Soy up for fourth session on Argentina crop concerns
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures rose on Wednesday for a fourth straight session, notching a six-month high on worries that recent heavy rains could damage crops in Argentina. Wheat and corn closed lower on a round of profit-taking after multi-month highs. Chicago Board of Trade March soybeans settled up 5-3/4 cents at $10.75 […] Read more
CBOT weekly outlook: Soy, corn can’t keep their distance from Argentina
Reading Time: 2 minutes CNS Canada — Soybean futures at the Chicago Board of Trade posted sharp gains over the past week, as weather concerns in Argentina and a bullish U.S. Department of Agriculture report sparked a rally. South American weather also underpinned the corn market — and both commodities will be following the forecasts out of the region […] Read more
U.S. grains: Soybeans set six-month top
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose about two per cent on Tuesday, touching a six-month high on worries about excessive rains in Argentina crimping production prospects, analysts said. Corn and wheat followed the firm trend, drawing additional support from a setback in the dollar. Chicago Board of Trade March soybeans settled up 23 […] Read more
U.S. grains: Soy firms on technicals
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Thursday, turning higher after testing key technical support levels, traders said. Corn and wheat futures weakened on a mild round of profit-taking. Wheat, which also was pressured by a firm U.S. dollar, had risen for the previous five days while corn was coming off a four […] Read more
U.S. grains: Soybeans fall on Argentine rain view
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a three-week low on Wednesday as forecasts for rain in dry areas of Argentina’s crop belt took out some of the weather premium built into the market, traders said. “Beans are seeing a little bit of pressure… amid a favourable weather forecast for Argentina,” CHS Hedging […] Read more
U.S. grains: Corn hits five-month high
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures rose to a five-month high on Tuesday, with strong exports and technical buying supporting prices, traders said. Wheat futures also closed firm, their fourth straight day of gains, while soybeans eased on technical selling, traders said. CBOT wheat benefited from short-covering as investors unwound bearish […] Read more
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