Reading Time: < 1 minute MarketsFarm — Corn and soybean futures at the Chicago Board of Trade, now trading at their highest levels in years, could come under some pressure over the next month, although the longer-range outlook remains strong, according to a broker. Crop insurance levels in the U.S. are based in part off of new-crop futures prices during […] Read more
CBOT weekly outlook: Corn, soybeans may see seasonal slowdown
However, more upside remains possible
U.S. grains: Corn falls after six-session gain
Wheat eases as Egypt tender favours Russian wheat, despite export tax
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures eased on Tuesday after six sessions of gains, as the market watched to see if a surge in Chinese demand would continue to erode U.S. supplies. Soybeans also fell as traders assessed upcoming Brazilian exports against risks that rainfall will slow harvest work. Wheat followed corn and soybeans […] Read more
U.S. grains: Corn sets new high on export sales
Wheat falls even as Russia considers more export tax
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures climbed to 7-1/2-year highs on Monday, supported by continued export demand. Soybeans ended slightly weaker after climbing back from a 20-cent drop in earlier trading, supported by a slow Brazilian harvest that could affect exports (all figures US$). Wheat followed soy lower. The Chicago Board of Trade’s most-active […] Read more
U.S. grains: Corn soars four per cent on fresh sales to China
Chicago soy, wheat also climb
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures surged four per cent on Tuesday as news of fresh export sales to China re-ignited concerns about tightening U.S. and global grain supplies, analysts said. Soybeans followed corn higher, with worries about a slow start to the Brazilian soy harvest lending support. Wheat firmed on supply concerns and […] Read more
U.S. grains: Corn, soy up on bargain-buying after Friday’s slump
Chicago wheat also climbs
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rallied on Monday as commercial and technical buyers stepped in to take advantage of Friday’s steep declines, analysts said. Wheat futures firmed on bargain-buying after a four-session slide and improving export prospects. Chicago Board of Trade March corn settled up 11 cents at $5.11-1/2 per bushel, […] Read more
U.S. grains: Soybeans dive to biggest weekly loss in 6-1/2 years
Soy, corn tumble on improved weather; wheat extends fall
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures slid more than four per cent on Friday — while corn futures dropped their daily limit — as rains in key South American growing areas offered relief amid tight global supplies, overshadowing strong weekly U.S. export data. Wheat futures tumbled four per cent. The Chicago Board of Trade […] Read more
U.S. grains: South American supply issues wane
Soy up, but off early gains; corn boosted by export demand
Reading Time: 2 minutes Chicago | Reuters — Chicago soybeans ended the session slightly up after a three-session losing streak on Thursday, but larger early gains were erased as rains across South America eased supply worries. Corn prices firmed, supported by fresh demand amid tightening global supplies, while wheat fell on a lack of fresh export news. The Chicago […] Read more
ICE weekly outlook: Potential remains for higher canola prices
Reading Time: 2 minutes MarketsFarm — Canola prices fell back during the course of the last week, but should begin to move higher going into the coming week, according to trader Ken Ball of PI Financial in Winnipeg. Canola likely “reached the top” last week with profit-taking having set in, he said, noting a lot of money pours into […] Read more
U.S. grains: Soybeans fall, pressured by fund selling
Brazil, Argentina showers ease soy, corn supply concerns
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures fell on Wednesday, touching their lowest in more than a week, pressured by technical selling combined with rains across South America, which eased supply concerns. Corn followed, also pressured by beneficial South American rains, while wheat ended lower, but was supported by export optimism. The Chicago Board of […] Read more
U.S. grains: Soybeans fall on South American rainfall
Russian export tax supports U.S. wheat; corn follows soybeans
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures slid on Tuesday as rain across South America strengthened crop prospects and bolstered the global supply outlook, traders said. Corn followed soybeans lower, but was supported by strong export demand and possible export limits in Ukraine. Wheat futures fell slightly, but were bolstered by an export tax in […] Read more
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