Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures plunged 2.5 per cent to a one-year low on Friday on concerns that escalations in a trade fight with China would threaten shipments to the biggest buyer of the oilseed, traders said. U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday, with […] Read more
U.S. grains: China trade spat sparks soy futures selloff
U.S. grains: Corn, soy drop to multi-month lows as weather improves
Reading Time: 2 minutes Chicago | Reuters — Forecasts for crop-boosting weather in key growing areas of the U.S. Midwest pushed corn and soybean futures to multi-month lows on Thursday, traders said. Wheat futures also were sharply lower, their second straight day of steep declines, with investors continuing to push back against a sharp rally on Tuesday amid abundant […] Read more
CBOT weekly outlook: Corn, soybeans try to halt slide
Reading Time: < 1 minute CNS Canada — The future looks hot and dusty for corn and soybeans in the U.S. Midwest and central Plains over the next week or so. While crops in the U.S. are generally off to a good start so far this year, the heat could still bring some much-needed support to both commodities. The July […] Read more
U.S. grains: CBOT wheat, soybeans post sharp losses
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and wheat futures fell sharply on Wednesday, with wheat sinking 3.2 per cent and soybean futures hitting their lowest in more than nine months. Traders said that long liquidation by investment funds triggered the sell-off. Concerns about trade with China sparked the bearish wave in soybeans while wheat was […] Read more
U.S. grains: Wheat surges after USDA cuts Russian output estimate
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures surged nearly four per cent for the biggest gains in about a month on Tuesday after the U.S. Department of Agriculture slashed its estimate for production in top exporter Russia. Corn futures jumped over two per cent while soybeans notched more modest gains in the wake of the […] Read more
U.S. grains: Corn, soy drop to new lows as rains soak Midwest
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures dropped to fresh multi-month lows on Monday as widespread rains across the Midwest farm belt bolstered production outlooks for recently planted crops. Wheat futures also eased as rainfall in Western Australia took the edge off global weather worries, although declines were limited as dry weather persisted […] Read more
U.S. grains: Soybeans slump on trade worries, good weather
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures slid for a fifth straight session on Friday and registered the steepest weekly decline in 10 months as favourable U.S. crop weather and concerns over slowing export trade weighed on prices. Corn futures edged up on short-covering after dipping to multi-month lows on good Midwest crop weather. Wheat […] Read more
U.S. grains: Soybeans, corn slide on weather
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell about two per cent on Thursday, with the new-crop November contract dropping below psychological support at US$10 a bushel, on favourable crop weather and fund-driven long liquidation, analysts said. Corn futures followed soybeans lower while wheat rose, supported by poor weather in several global production areas that […] Read more
CBOT weekly outlook: U.S./China trade uncertainty weighs on soy
Reading Time: 2 minutes CNS Canada — Trade uncertainty between China and the U.S., along with good U.S. growing conditions, is pressuring the soybean market on the Chicago Board of Trade (CBOT). During the week ended Wednesday, the July CBOT soybean contract dropped about 30 cents to $9.9425 per bushel (all figures US$). “The trade uncertainty is a major […] Read more
U.S. grains: Wheat climbs on global weather woes
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures climbed nearly two per cent on Wednesday on a mix of technical buying and worries about persistent dry weather in major exporting countries including Russia and Australia. Corn and soybeans sagged as weather in the U.S. crop belt remained mostly favourable. Chicago Board of Trade July wheat settled […] Read more
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