Reading Time: 2 minutes Reuters — Chicago soybean futures slid for a third consecutive session on Thursday, giving up three per cent to their lowest since mid-August, as a widely watched crop tour reported bumper prospects across the U.S. Midwest. Corn and wheat lost ground for a fourth session in a row, amid expectations for huge global grain supplies. […] Read more
U.S. grains: Soybeans sag to near two-week low as crop impresses scouts
CBOT weekly outlook: Soybeans watch U.S. export sales
Reading Time: < 1 minute CNS Canada — Corn futures at the Chicago Board of Trade recorded losses during the week ended Wednesday, while soybean futures added gains for the September contract but recorded losses for the November contract. “Everything’s coming off this week, (prices are) coming down… there’s no real major issues going on,” said Terry Reilly, senior commodity […] Read more
U.S. grains: Soybeans weighed down by big harvest prospects
Reading Time: 2 minutes Reuters — U.S. soybeans and grains dipped on Wednesday, weighed down by abundant harvest prospects in key countries. Soybeans led the way lower, as the closely watched four-day Pro Farmer U.S. Midwest Crop Tour scouted impressive crops in central Illinois, following its observation a day earlier of above-average soybean pod counts in Nebraska and Indiana. […] Read more
U.S. grains: Corn touches one-week low on improved crop conditions
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures slid to a one-week low on Tuesday and soybean futures lost ground, a day after a U.S. government report showed both crops were thriving. Expectations that a privately run U.S. crop tour would uncover stronger yields in the coming days than on Monday, when it began, put additional […] Read more
U.S. grains: Soybeans climb on persistent export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Monday, with the benchmark November contract reaching its highest in a month on strong export demand for U.S. supplies, traders said. Wheat futures fell nearly three per cent, led by the spot September contract, while corn drifted lower in rangebound trade. At the Chicago Board of […] Read more
U.S. grains: Weather forecast weighs on soybeans
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Friday as the weather outlook for the Midwest bolstered expectations of a huge harvest in the fall, traders said. Chicago Board of Trade corn and wheat futures firmed, recovering from early weakness on short-covering and technical buying. The forecast for key growing areas of the U.S. […] Read more
U.S. grains: Soybeans weaken while corn, wheat tick higher
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures eased on Thursday, closing well above session lows as technical buyers stepped into the market after profit-taking sparked an early sell-off, traders said. Wheat and corn futures firmed on short-covering, recovering from early dips into negative territories. Rain in key U.S. growing areas that removed some lingering doubts […] Read more
CBOT weekly outlook: Short-term pre-harvest gains likely for corn, soy
Reading Time: 2 minutes CNS Canada — Soybean and corn futures at the Chicago Board of Trade (CBOT) have moved off their nearby lows in recent sessions, and should be due for some more strength in the short-term before seasonal harvest pressure kicks in. The U.S. Department of Agriculture released relatively bearish production estimates on Friday, predicting larger-than-expected U.S. […] Read more
U.S. grains: Exports support soybeans
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures rose to their highest in nearly four weeks on Wednesday on strong demand from China, the world’s top buyer of the oilseed, traders said. Corn and wheat futures posted mild gains on a round of short-covering. It was corn’s fourth positive close in a row. “We had some […] Read more
U.S. grains: Wheat rises on short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures firmed on Tuesday, with a falling dollar spurring a mild round of short-covering in the beaten-down market, traders said. Corn futures also edged higher, with technical buying underpinning the market. Soybeans weakened, drawing back from sharp gains on Monday as investors locked in profits. Rain in eastern parts […] Read more
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