Reading Time: < 1 minute MarketsFarm — Extended durations of wet spring weather continue to buoy prices on the Chicago Board of Trade — and price volatility will remain high based on long-term weather forecasts. “Whenever you’re in a weather problem phase, volatility tends to increase,” explained Terry Reilly, a grains analyst with Futures International. Currently, soybeans are trading around […] Read more
CBOT weekly outlook: Weather, trade wars keep futures volatile
U.S. grains: Futures plummet on Midwest weather, profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. grain futures plummeted across the board on Wednesday, as fears eased about the potential for rain damage to the wheat crop and forecasts of warmer temperatures in the U.S. Midwest opened a narrow planting window for soybean farmers. The burgeoning U.S.-Mexico trade fight added pressure to corn futures, despite a […] Read more
U.S. livestock: Feeder cattle rally on corn futures slump
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) feeder cattle futures continued to rally on Wednesday, as corn futures fell sharply and traders hoped that feed costs will continue to remain under pressure. The burgeoning U.S.-Mexico trade fight pressured Chicago Board of Trade corn futures, despite a Reuters report that corn has been excluded from […] Read more
U.S. grains: Corn, soy rise as report shows rain slows plantings
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade (CBOT) corn futures rose on Tuesday to revisit last week’s three-year highs after the U.S. Department of Agriculture said U.S. planting was well behind the average pace for this time of year following repeated rainfall. Soybeans rose too as rain also slowed U.S. sowings, according to the […] Read more
U.S. grains: CBOT wheat rallies on weather
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rallied on Monday on concerns about harvest risks as more heavy rain was forecast in some U.S. grain belts and warm, dry weather was expected in top wheat exporter Russia. Meanwhile, corn and soybean futures traded choppily as the markets digested a threat of U.S. tariffs against Mexico, […] Read more
U.S. grains: Trump tariff threat pushes corn, soy, wheat lower
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, wheat and soybean futures fell on Friday, weighed down by fresh concerns about demand after U.S. President Donald Trump threatened to place tariffs on imports of goods from Mexico in response to illegal immigration across the U.S. border. All three commodities also faced pressure from profit-taking after posting big […] Read more
U.S. grains: Wheat, corn, soy rally on weather woes
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures rose 4.1 per cent on Thursday, bouncing back from some technical weakness on Wednesday as traders focused on the historic slow pace of planting in the Midwest. Prices, which hit their highest in nearly three years this week, needed to continue to rally to entice farmers to seed […] Read more
U.S. grains: Soy futures extend rally
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose 1.6 per cent on Wednesday, hitting their highest since mid-April on support from concerns that planting delays in the U.S. Midwest will lead to a sharp cutback in acreage as well as harvest yields, traders said. The jump followed a U.S. Agriculture Department report after the market […] Read more
CBOT weekly outlook: Planting report spurs farmer selling
Reading Time: < 1 minute MarketsFarm — Soybeans on the Chicago Board of Trade (CBOT) are trying to play catch-up in what has become a weather market, according to Steve Georgy of Allendale Inc. Corn planting in the U.S. was far behind its five-year average due to persistent wet conditions, he said, and that created the scenario of U.S. farmers […] Read more
U.S. grains: Corn hits three-year high as planting delays prolonged
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures surged 4.1 per cent to their highest levels in nearly three years on Tuesday, supported by planting delays across key growing areas of the U.S. Midwest following heavy rains, traders said. The adverse weather in the Midwest and Plains also fuelled rallies in the soybean and wheat markets […] Read more
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