Reading Time: 2 minutes CNS Canada –– The short-term fate of corn and soybean futures at the Chicago Board of Trade rests on an upcoming supply and demand report, according to one analyst. Long-term, traders are watching global weather patterns, which could put crops at risk. The U.S. Department of Agriculture (USDA) will release its monthly World Agricultural Supply […] Read more
CBOT weekly outlook: Corn, soy rest on USDA report
U.S. grains: Profit-taking, advancing harvests snap rallies
Reading Time: 2 minutes Chicago | Reuters –– U.S. grain futures retreated from their highest prices in more than two months on Wednesday under pressure from advancing U.S. harvests and profit-taking ahead of key crop reports. Declines in corn snapped a four-day rally that was fuelled by expectations the U.S. Department of Agriculture will trim its production estimates in […] Read more
U.S. grains: Corn tops two-month high
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures climbed to their highest in more than two months on Tuesday as traders predicted the U.S. will cut its production estimate in a crop report due out Friday. The U.S. Department of Agriculture, in the monthly report, may reduce its estimates for the average corn yield and for […] Read more
U.S. grains: Prices rise on technicals, positioning before reports
Reading Time: 2 minutes Chicago | Reuters –– U.S. grain and soybean futures strengthened on Monday as technical buying and positioning ahead of U.S. crop reports overshadowed concerns about poor export demand. Soybean oil neared a two-month high. Traders were adjusting positions in the markets before the U.S. Department of Agriculture (USDA) issues reports on crop production, supplies and […] Read more
U.S. grains: Wheat falls on profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures sank on Friday on a round of end-of-week profit taking after prices hit an 8-1/2 week high on Thursday, traders said. Soybeans also fell, pressured by the expanding harvest of what is expected to be a bumper crop in the U.S., while corn was close to unchanged. Wheat […] Read more
U.S. grains: Wheat extends rally, soybeans slip
Reading Time: 2 minutes Reuters — Chicago wheat rose more than one per cent on Thursday, extending a rally triggered by Wednesday’s U.S. Department of Agriculture data that put the 2015 U.S. crop below market estimates. Corn futures rose slightly on technical buying and spillover support from wheat. Soybeans slumped on pressure from an advancing Midwest harvest and technical […] Read more
U.S. grains: Wheat futures jump as USDA cuts production outlook
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rebounded on Wednesday, after a government report showed that wheat production was less than traders had expected. Meanwhile, corn futures lost ground, after the U.S. Department of Agriculture’s quarterly grain stocks report showed that both corn and soybean supplies were plentiful and U.S. farmers are harvesting what is […] Read more
U.S. grains: Corn, soy gain as shorts hunt for cover
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean and corn futures rebounded on Tuesday as traders covered short positions on concerns that the U.S. Agriculture Department would reduce its estimate for last year’s soybean crop. Wheat prices eased back, despite being bolstered earlier in the day by steadying equity and oil prices, and cooling concerns about the […] Read more
U.S. grains: Prices slide on China worries, harvest progress
Reading Time: 2 minutes Reuters — U.S. grain and soybean futures slid Monday, pressured by a broad sell-off in commodity and equity markets and progress by U.S. farmers in harvesting crops. Soybeans tumbled more than one per cent, while Chicago wheat slipped off its earlier one-month high. Corn also declined. “This will be one of the biggest weeks in […] Read more
U.S. grains: Soy, corn, wheat rally to close week
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade soybeans rallied 2.4 per cent to their highest in more than a week on Friday, supported by signs of a pick-up in export demand for U.S. supplies, traders said. U.S. wheat futures rose 2.2 per cent to their highest since Aug. 14. Wheat pulled corn higher on […] Read more
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