Reading Time: 2 minutes Reuters — Prices for U.S. grains and soybeans dipped on Monday, giving up slight early advances in thin, choppy trade that focused on plentiful global supplies. The markets declined despite favourable weakness in the U.S. dollar and concerns about insufficient rains curbing Brazil’s soybean production. Price movements and volumes were limited as the market wound […] Read more
U.S. grains: Soybeans, grains slip on big supplies, choppy trade
U.S. grains: Soybeans rally on Brazil dryness, short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to a near two-week high on Friday on technical buying and short-covering as well as concerns that dry weather in parts of Brazil may drag down yields in the world’s top exporter of the oilseed. Wheat and corn pared steep early gains and closed modestly higher. Both […] Read more
U.S. grains: Brazil dryness sparks soy short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rebounded from a 3-1/2-week low on Thursday and closed higher for the first time in three sessions on short-covering sparked by concerns that dry weather in Brazil may clip soy production. Corn and wheat also clawed back earlier losses tied to Argentina’s export-friendly move to let the peso […] Read more
CBOT weekly outlook: Corn, soy rangebound ahead of holidays
Reading Time: < 1 minute CNS Canada — Corn and soybeans at the Chicago Board of Trade are rangebound ahead of the holidays, according to one analyst. On Wednesday, the U.S. Federal Reserve raised interest rates by 0.25 per cent, the first increase since 2006, which pressured both corn and soybeans. But outside of that story, corn and soybean markets […] Read more
U.S. grains: Wheat, corn, soy fall on global supply pressure
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade wheat, corn and soybeans fell on Wednesday as traders grappled with huge world stocks of all three commodities. Grain and oilseed prices edged higher during the overnight session but traders quickly locked in profits from the mild spikes amid the bearish global balance sheet. Wheat futures fell […] Read more
U.S. grains: Soybeans fall on export pressure
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures sank on Tuesday on expectations that U.S. exports will dry up due to increasing competition from South American countries, traders said. Corn futures also weakened, with ample global supplies and technical pressure triggering a round of profit-taking after they rose on Monday. Wheat edged higher […] Read more
U.S. grains: Short-covering, technical buying spur gains
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn, soybean and wheat futures firmed on Monday on a round of technical buying and short-covering after prices weakened late last week, traders said. But huge supplies and spotty demand for U.S. supplies on the global market continued to hang over the market, limiting the gains. “It may be a […] Read more
U.S. grains: Corn, wheat, soybeans end week with losses
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell on Friday on concern that competition would stiffen on the export market, traders said. Wheat futures also were weak as traders locked in profits from a short-covering bounce that pulled prices from multi-year lows. Soybeans were on track to notch their biggest weekly decline since […] Read more
U.S. grains: Wheat, corn extend rally on short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures rose for the third straight day on Thursday, with investors who had made bearish bets on the grains scrambling to cover short positions as the market rallied, traders said. Soybeans also were firmer, but technical resistance and huge supplies kept the gains in check. Robust demand […] Read more
CBOT weekly outlook: Soy, corn hold in trading range
Reading Time: 2 minutes CNS Canada — Supply and demand estimates from the U.S. Department of Agriculture held few surprises and had only limited effects on Chicago Board of Trade corn and soybeans — both rangebound in the short term, according to one U.S.-based analyst. “That report was pretty non-eventful right now,” said Scott Capinegro of Barrington Commodity Brokers. […] Read more
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