Reading Time: 2 minutes Chicago | Reuters — U.S. wheat prices fell on Friday and posted their steepest weekly decline since late August as technical selling and competitive global supplies pressured prices. Soybean and corn prices rose, rebounding from earlier losses, but gains were capped on concerns surrounding strong export competition. The most-active wheat contract on the Chicago Board […] Read more
U.S. grains: Wheat posts steepest weekly decline in half a year
U.S. grains: Soybeans fall as trade concerns weigh
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean prices fell on Thursday despite stronger-than-expected export sales as investors worried that an eagerly awaited trade deal between Washington and Beijing remained elusive. Wheat and corn also fell as heavy deliveries against the March contracts weighed on the market. There were 820 deliveries against CBOT March soybeans, 400 deliveries […] Read more
CBOT weekly outlook: Soybeans, corn watching trade talks
Reading Time: < 1 minute Movement in grain and oilseed futures at the Chicago Board of Trade remains highly dependent on developments in trade talks between the U.S. and China. China-U.S. trade negotiations have provided some sporadic support for the futures, but there have yet to be any concrete developments. While confirmation of an actual deal would change the outlook, […] Read more
U.S. grains: Soybeans fall after comments on trade talks
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean prices fell on Wednesday after a U.S. trade official said purchase promises were not enough to solve U.S.-China trade issues and that it was too early to predict an outcome to talks between the two countries. Any deal between Washington and Beijing must include a way to ensure commitments […] Read more
U.S. grains: Wheat sinks on plentiful global supply
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures slid for a second consecutive session on Tuesday to the lowest in 10 months as cheaper exports from producers including Russia weighed on demand for U.S. supplies. Soybeans also fell, giving up the last session’s gains, as a rapidly advancing harvest in top exporter Brazil boosted global supplies. […] Read more
U.S. grains: Soybeans firm on trade hopes
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to a 2-1/2-week high on Monday on hopes for a trade agreement between Washington and Beijing and after China vowed late last week to make additional U.S. soybean purchases. Wheat futures plunged around four per cent to fresh contract lows on technical selling and concerns about stiff […] Read more
U.S. grains: Crop prices seesaw as traders eye China talks
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soy futures seesawed on Friday as traders waited for signs that Washington and Beijing were making progress toward a trade agreement that could boost Chinese imports of U.S. crops. After the close of trading, U.S. Agriculture Secretary Sonny Perdue said on Twitter that China, in a meeting at […] Read more
U.S. grains: Wheat rebounds from seven-month low
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures rebounded on Thursday after a four-day slide, while the grains market overall steadied as U.S. and China trade negotiators sketched an outline for what could be a deal to end the trade war. Thursday’s technical bounce in wheat was encouraged by optimism over the trade negotiations, which also […] Read more
CBOT weekly outlook: Soy in ‘little bit of a free fall’
Reading Time: 2 minutes Soybeans, wheat and corn have been trading generally lower of late on the Chicago Board of Trade (CBOT). In particular soybeans are in “a little bit of a free fall,” said Terry Reilly, senior agriculture futures analyst with Futures International in Chicago. “It’s purely technical. We closed below the 100-day moving average (Tuesday) based on […] Read more
U.S. grains: CBOT wheat plunges to seven-month low
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures plunged yet again on Wednesday as traders fretted over lagging U.S. exports despite them being competitively priced in the global market. Soybeans started the day off on the negative side, with the most active soybean contract dipping just below the one-month low struck a day […] Read more
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