Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures jumped 2.8 per cent on Monday on poor Midwest harvest conditions, coupled with reminders of strong domestic crushing demand and signs of U.S. soy cargoes headed to China, analysts said. Corn and wheat followed the firm trend. Chicago Board of Trade November soybean futures settled up 24 cents […] Read more
U.S. grains: Soybeans rally on slow harvest pace, quality concerns
U.S. grains: Crop forecasts lift corn, soy for second day
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for a second straight session on Friday on short-covering and follow-through buying after a government report the prior day forecast a smaller-than-expected U.S. harvest. Corn also advanced after the U.S. Department of Agriculture (USDA) unexpectedly cut its U.S. corn yield outlook in a monthly report on Thursday […] Read more
CBOT weekly outlook: Traders think soy yields less than USDA predicting
Reading Time: 2 minutes CNS Canada — After the wet weather the U.S. Midwest has experienced lately, traders aren’t exactly sold on the latest numbers from the U.S. Department of Agriculture (USDA). “We’re getting a lot of calls in and people talking about their beans are losing yield left and right, because the pods are splitting, beans are sprouting. […] Read more
U.S. grains: Corn hits seven-week high on USDA’s surprise yield cut
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures jumped more than 1 percent to a seven-week high on Thursday after the U.S. Department of Agriculture (USDA) unexpectedly cut its yield forecast for the 2018 crop, leaving stocks of the grain lower than anticipated. Soybean futures followed corn higher, reversing earlier losses as the government’s harvest outlook […] Read more
U.S. grains: Soybeans slump on big harvest, trade war worries
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell for a second day on Wednesday, shedding more than one per cent on expectations of a bumper U.S. crop and concerns about a protracted U.S.-China trade war that has already depressed demand for U.S. shipments. Corn and wheat also eased as traders squared positions ahead of a […] Read more
U.S. grains: Soy sinks on hefty supply, China trade worries
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures retreated on Tuesday as the market braced for an anticipated increase in the government’s 2018 harvest forecast and amid concerns of a prolonged trade war with China, the world’s top soybean importer. Corn futures followed soybeans lower, easing for a second straight session as traders positioned for the […] Read more
U.S. grains: Wheat sinks on technical selling, stronger U.S. dollar
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell more than one per cent on Monday on technical selling and as a stronger dollar created a headwind for U.S. exports of the grain, which are already struggling to compete in the global marketplace. Corn futures eased on Monday after two straight sessions of gains while soybeans […] Read more
U.S. grains: Soybeans rise as wet Midwest weather seen halting harvest
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for the first time in three sessions on Friday as a rainy Midwest forecast fueled worries about harvest delays and potential damage to some crops. Wheat edged higher as rising global prices stirred optimism about a pickup in demand for U.S. wheat. Corn futures ended near unchanged […] Read more
U.S. grains: Corn firms as rainy Midwest outlook threatens harvest
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures firmed on Thursday on concerns that several days of rainy weather expected across the U.S. Midwest could disrupt harvesting of what is forecast to be a bumper U.S. crop. Soybeans also drew support from the wet forecast, but shed gains late in the session in a technical selling […] Read more
CBOT weekly outlook: Yield expectations limit upside for corn, soy
Reading Time: 2 minutes CNS Canada — Soybean and corn futures at the Chicago Board of Trade may be finding some short-term support from harvest delays across the U.S. Midwest, but expectations for large crops overall should limit the upside for prices going forward, according to an analyst. “The highs could be in right now,” said Rich Feltes of […] Read more
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