Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures rebounded from a three-month low on Monday, led by export demand for U.S. soymeal, a key source of protein in animal feed rations, traders said. Wheat and corn closed lower. At the CBOT, March soybeans settled up 10-3/4 cents at $9.83-1/2 per bushel, rallying after […] Read more
U.S. grains: Soybeans rebound from three-month low, led by soymeal
U.S. grains: Wheat falls on dollar pressure
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures firmed on Friday on support from bigger-than-expected U.S. export sales, traders said. “The exports are pretty important,” said Bill Gentry, broker at Risk Management Commodities in Lafayette, Indiana. “(They show) the corn has got some value at these and lower levels.” Soybeans dropped near three-month lows, capping a […] Read more
U.S. grains: Markets weaken under pressure from firming U.S. dollar
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures slipped on Thursday as the rising U.S. dollar made farm products less competitive on the global market. The U.S. is having a hard time competing for grain export business, with Ukraine and South America undercutting U.S. corn prices, said Tomm Pfitzenmaier, analyst for Summit Commodity Brokerage […] Read more
Seasonal pressures to weigh on CBOT soybeans, corn
Reading Time: 2 minutes CNS Canada — Soybean futures at the Chicago Board of Trade (CBOT) moved lower during the week ended Wednesday and could be due for more losses, given the seasonal trends and looming South American crops. “As long as South America has no real weather problems… it will be hanging over the soybean market,” said Scott […] Read more
U.S. grains: Corn drops from one-week high
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures slipped from a one-week high on Wednesday on ample global supplies, traders said. Soybean futures edged higher, with bargain buyers picking prices up from their lowest since October even as concerns about dry weather culling crop production in South America eased. “Despite recent talk of drier-than-normal weather across […] Read more
U.S. grains: Soy falls as export interest shifts
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade soybean futures dropped to their lowest in nearly three months on Tuesday as export demand for U.S. supplies weakened ahead of what are expected to be record harvests in Brazil and Argentina, traders said. Corn and wheat futures closed firm on a round of bargain buying following […] Read more
U.S. grains: Corn rallies on bargain buying, export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. corn rose 1.8 per cent on Friday for its biggest daily gain in about two weeks, rebounding from a nearly two-month low on support from short covering and increasing export demand. Wheat and soybean futures were mixed in light volume, with bargain buying supporting some contracts even as worries of […] Read more
U.S. grains: Soybeans fall on soymeal tumble, NOPA data
Reading Time: 2 minutes Chicago | Reuters — U.S. soybeans reversed earlier gains to fall two per cent on Thursday, pressured by a steep downturn in soymeal futures and smaller-than-expected private crushing data. Wheat futures extended their worst downturn in six months on lacklustre export demand while corn was little-changed after falling to a five-week low in the previous […] Read more
CBOT soybeans poised to drop below US$10
Reading Time: 2 minutes CNS Canada — The Chicago Board of Trade soybean futures market has dropped sharply during the week ended Wednesday, and is poised to fall even further. “For March soybeans, I think it could potentially trade back to the US$9.45-$9.50 per bushel area,” said Terry Reilly of Futures International in Chicago (all figures US$). A bearish […] Read more
U.S. grains: Corn falls to five-week low on big ethanol supply, technicals
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn fell one per cent on Wednesday, extending declines from the past two sessions to the largest in 1-1/2 years on pressure from chart-based selling and ballooning supplies of grain-based ethanol. Wheat had its sixth straight down day, pulled lower by plentiful global supplies of wheat and corn. Soybeans reversed […] Read more
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