Reading Time: 2 minutes CNS Canada — Corn and soybean futures at the Chicago Board of Trade both recorded gains during the week ended Wednesday. Prices were pushed higher as traders prepared for subcontracts to come off the board next week; however, gains are expected to be short-lived, said one analyst. “I think we’re just seeing a dead cat […] Read more
CBOT weekly outlook: Corn, soybean rallies short-lived
U.S. grains: Soy, corn, wheat gain ahead of USDA supply data
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn, soybeans and wheat each rose one per cent or more on Wednesday, lifted by short-covering linked to export demand prospects and expectations of bullish supply data due next week from the U.S. Department of Agriculture. USDA earlier said exporters sold 484,000 tonnes of U.S. soybeans to China and unknown […] Read more
U.S. grains: Soy ends firm, rebounding from last week’s multi-month lows
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Tuesday on reminders of fresh export demand, extending a modest rebound from multi-month lows set last week, traders said. Wheat futures drifted lower after a long U.S. holiday weekend while corn ended steady to slightly higher, with the benchmark December corn contract settling unchanged. At the […] Read more
U.S. grains: Wheat rises for a second day on short-covering
Reading Time: 2 minutes Singapore/Paris | Reuters, 7:01 a.m. CT –– Chicago wheat futures prices rose for a second session on Friday with short-covering ahead of the Labour Day holiday weekend supporting prices, although the trend was set for a second week of declines amid plentiful world supplies. Corn was up for a second day, recovering from a multi-year […] Read more
U.S. grains: Bargain buyers boost corn, wheat from multi-year lows
Reading Time: 2 minutes Reuters — Chicago corn and wheat rose on Thursday as investors covered short positions and bought at bargain prices after the grains plumbed multi-year lows during eight-day skids on prospects of abundant U.S. and world supplies. Most-active soybeans edged higher, halting a seven-day losing streak under pressure from an expected record U.S. crop. Chicago Board […] Read more
CBOT weekly outlook: Further downside ahead for soy, corn
Reading Time: 2 minutes CNS Canada –– Soybeans and corn at the Chicago Board of Trade lost ground on the week, and harvest pressure could cause further declines in coming sessions, one U.S. analyst says. Soybeans – Soybean prices settled at a key technical level on Wednesday, which means traders will be closely watching the market for indications on […] Read more
U.S. grains: Wheat records fourth month of decline
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures posted a fourth consecutive month of losses on Wednesday, pulled down by plentiful global supplies, while expectations of bumper U.S. harvests pressured soybeans and corn. At the Chicago Board of Trade, most-active December wheat settled down four cents at $3.88-1/4 per bushel (all figures US$). December corn ended […] Read more
U.S. grains: Soy, corn, wheat slide on prospects for rising stockpiles
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures fell to multi-year lows on Tuesday and soybeans hit a four-week low on expectations for big crops and rising grain supplies, traders and analysts said. At the Chicago Board of Trade, November soybeans settled down 13-1/2 cents at $9.50-3/4 per bushel and December corn ended down […] Read more
U.S. grains: Wheat slumps to new 10-year low on ample supplies
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell for a sixth consecutive session to hit a new 10-year low on Monday, as ample global stocks and a regulatory clamp-down from the world’s largest buyer of the grain dragged on prices. Corn set a seven-year low and soybeans also declined, pressured by prospects for large U.S. […] Read more
U.S. grains: Wheat falls to decade low on ample supplies
Reading Time: 2 minutes Reuters — Wheat futures dropped to their lowest price in Chicago in nearly a decade on Friday, pressured by ample supplies and technical selling. Corn dropped for the fifth straight session and soybeans lost ground for the fourth straight day, as a U.S. tour of mostly robust crops wrapped up. The Chicago Board of Trade […] Read more
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