Reading Time: < 1 minute CNS Canada –– Soybean futures at the Chicago Board of Trade (CBOT) moved up and down during the week ended Wednesday, but posted losses on the whole as concerns over a truckers’ strike in Brazil subsided. While large South American crop prospects remain a bearish influence in the background, the market could be due for […] Read more
CBOT weekly: Soybeans, corn await next USDA reports
U.S. grains: Soybeans drop for third day
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell for a third straight session on Wednesday as the end of a truckers’ strike in Brazil and easing concerns about a farmers’ protest in Argentina reduced fears of major South American export disruptions. Wheat fell under the combined pressure of a stronger dollar, which makes U.S. grain […] Read more
U.S. grains: Soybeans fall to one-week low on Brazil strike pause, harvest
Reading Time: 2 minutes Chicago | Reuters — U.S. soybeans fell to a one-week low on Tuesday in a technical selloff sparked by a weakening truckers strike in Brazil and the advancing harvest of what’s expected to be Brazil’s biggest soy crop ever. Soybean futures trimmed their losses late in the session while corn and wheat each reversed earlier […] Read more
U.S. grains: Wheat, soy post big losses on weakening export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures dropped 2.5 per cent on Monday on poor export demand and lessened concerns about damage to the dormant U.S. crop, traders said. Poor export demand also weighed on soybeans. Traders added that easing worries about a truckers’ strike in Brazil slowing shipments of newly harvested supplies from that […] Read more
U.S. grains: Wheat hits week high on crop worries
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures rallied nearly three per cent on Friday after falling to three-week lows this week as another arctic blast across the U.S. winter wheat belt raised worries about the dormant crop, traders and analysts said. That spurred technical buying as Chicago wheat rose to a one-week high. “We pressed […] Read more
U.S. grains: Soy climbs on Brazilian truck strike
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures rose on Thursday on uncertainty over Brazil’s trucker strike, which threatens to stall movement of the new harvest of the grain onto the world market, traders and analysts said. Chicago corn and wheat also ended higher, tracking the strength in soybeans. Chicago Board of Trade March soybeans ended […] Read more
CBOT soy seen weakening as soon as Brazil’s logistics improve
Reading Time: 2 minutes CNS Canada — Chicago Board of Trade (CBOT) soybean futures moved higher during the week ended Wednesday, as continued good export demand for U.S. soybeans was bullish. Brazil’s slower than normal harvest pace and its logistics problems related to a trucker strike both led to strong export demand for the U.S. As soon as those […] Read more
U.S. grains: Soybeans slide on easing concerns about Brazil truck strike
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybeans retreated on Wednesday from a six-week high earlier this week, on prospects for an imminent end to the Brazilian truck drivers’ strike which had threatened exports just as the country’s massive soybean crop was entering world markets. CBOT wheat also fell as U.S. wheat remains too […] Read more
U.S. grains: Soybeans rise to six-week high on Brazil, weather woes
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybeans rose to a six-week high on Tuesday on the potential for increased U.S. demand as world buyers worry about supply disruptions in Brazil because of a trucker strike and rains stalling harvest, traders said. Additional support stemmed from a tight supply of soybeans at U.S. Gulf […] Read more
U.S. grains: Corn, wheat slide to near three-week lows as dollar firms
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat and corn futures fell to near three-week lows on Monday as a strong dollar loomed over export demand along with aggressive competition from overseas suppliers, traders said. Soybeans, which remain underpinned by a tug-of-war for nearby supplies between processors and exporters, ended mostly unchanged after bouncing from session lows. […] Read more
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