Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures turned higher on Thursday after dropping to a five-month low on concerns about weak export demand and large harvests in South America. Corn futures ended near unchanged, while wheat futures touched a one-month low on a broadly favourable harvest outlook in the Northern Hemisphere. Positioning ahead of a […] Read more
U.S. grains: Soybeans turn higher after dropping to five-month low
CBOT weekly outlook: Bear market aches for bull news
Reading Time: 2 minutes MarketsFarm –– The Chicago Board of Trade (CBOT) is currently a bear-market, according to broker Scott Capinegro of Barrington Commodity Brokers. “It’s like the markets are saying ‘Show me something, we’ll take anything,’ but the bears are winning,” he said, noting there has been almost no news to drive the market in a bullish manner. […] Read more
U.S. grains: Wheat futures edge higher in turnaround from losses
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Wednesday in a rebound from falls to one-month lows a day earlier on the Chicago Board of Trade and contract lows in Kansas City and Minneapolis markets. Soybean futures set a five-month low, while corn futures also eased. Tuesday’s wheat price drop attracted bargain buying and […] Read more
U.S. grains: Wheat futures tumble on increasing global supply estimates
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures slumped on Tuesday with strong crop ratings and increased forecasts for global harvests pushing Chicago Board of Trade wheat to a one-month low. Wheat prices came under pressure after the U.S. Department of Agriculture, in a weekly report issued late on Monday, rated 60 per cent […] Read more
U.S. grains: Corn, wheat firm in late rally, end week lower
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures edged higher on Friday, lifted by a late round of short-covering and worries about planting delays following a blizzard this week, traders said. Soybean futures closed flat in dull trade. Chicago Board of Trade May corn settled up one cent at $3.61 per bushel, staying inside […] Read more
U.S. grains: Soybeans, corn slide as export sales data disappoints
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures fell on Thursday on disappointing weekly export sales data and expectations of large South American harvests that should dampen U.S. export prospects, analysts said. Wheat futures were higher on short-covering after a five-session slide and worries that wintry weather in the Dakotas will curb plantings of […] Read more
CBOT weekly outlook: Markets brace for weather, trade war
Reading Time: 2 minutes MarketsFarm — With the U.S. Department of Agriculture’s world agriculture supply and demand estimates (WASDE) report in the rearview mirror, the Chicago Board of Trade is trading largely on weather forecasts and flood reports. Markets did react, however, when the WASDE report dropped on Tuesday. “We did see some short covering in the market yesterday […] Read more
U.S. grains: Corn, soy up a bit on weather woes, trade hopes
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures closed higher on Wednesday on light technical buying as a blizzard bore down on portions of the Plains and Midwest, threatening to delay plantings, analysts said. Wheat futures fell, recording a fifth straight lower close, as traders focused on plentiful world supplies. Chicago Board of Trade […] Read more
U.S. grains: Wheat pressured by ample global stockpiles
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to a one-week low on Tuesday, pressured by improving U.S. yield prospects and rising global stockpiles, analysts said, while nearby U.S. corn and soybean futures finished unchanged. Chicago Board of Trade May wheat settled down 5-3/4 cents at $4.59-1/2 per bushel after dipping to a one-week low […] Read more
U.S. grains: Corn ends lower ahead of USDA monthly data
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures declined on Monday as traders adjusted positions a day ahead of a monthly supply-and-demand report from the U.S. Department of Agriculture in which the government is expected to raise its forecast of U.S. corn ending stocks. Wheat also fell, while soybeans ended nearly unchanged after a choppy session. […] Read more
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