Reading Time: 2 minutes CNS Canada — Traders had a lot to sort through with two big U.S. Department of Agriculture (USDA) reports released Thursday, but at a glance the markets reacted accordingly, according to one trader. USDA on Thursday released its world agricultural supply and demand estimates (WASDE) and crop production reports. “The market reaction, I think, was […] Read more
CBOT weekly outlook: Corn, soy react fittingly to USDA reports
U.S. grains: Wheat, soy, corn lower ahead of monthly USDA reports
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to a one-week low on Wednesday on position-squaring ahead of a monthly crop report from the U.S. Department of Agriculture and forecasts for welcome rains in Russia’s crop belt, analysts said. Soybean and corn futures were also lower ahead of the USDA’s report, while soyoil futures firmed, […] Read more
U.S. grains: Soy, corn firm on weather worries, bargain buying
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures rose Tuesday on bargain hunting following Monday’s sharp declines, and worries about wet forecasts slowing planting in portions of the northern Midwest, analysts said. U.S. wheat futures finished mixed, with Chicago Board of Trade soft red winter wheat futures rising while K.C. hard red winter wheat […] Read more
U.S. grains: Soy hits one-month low as soymeal falls
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a one-month low Monday as soymeal tumbled for a fourth straight session, pressured by long liquidation and easing concerns about a crop shortfall in Argentina, analysts said. Wheat declined in largely technical moves, with traders taking profits after last week’s multimonth highs. Corn followed the weak […] Read more
U.S. grains: Soybeans stumble as U.S.-China trade talks disappoint
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Friday on disappointment that trade talks did not move Washington and Beijing closer to a deal to resolve the mounting dispute that has crimped U.S. crop sales to China. Prices retreated after a one per cent rise on Thursday that was fueled by “unfounded rumours” the […] Read more
U.S. grains: Wheat, corn hit multimonth highs
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures climbed to multimonth highs Thursday on a mix of short-covering and worries about the size of the hard red winter wheat crop in top producer Kansas, traders said. Soybeans rose, staging a late-session rally that some traders attributed to optimism about the outcome of U.S. trade talks with […] Read more
CBOT weekly outlook: Limited upside seen for U.S. soybeans
Reading Time: < 1 minute CNS Canada — It’s a fluid set of circumstances for the U.S. soybean market these days as U.S. negotiators head to China in a bid to get proposed tariffs lowered on U.S. imports — but the potential for any major rally appears limited. “I would say the beans have a more limited upside than the […] Read more
U.S. grains: Soybeans drop on bleak export view
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures fell on Wednesday on concerns about decreased export demand from China as well as rising expectations for a bumper crop in Brazil, traders said. Wheat futures were mixed. Soft red winter wheat offerings eased after a rally on Tuesday while hard red winter wheat contracts rose due to […] Read more
U.S. grains: Corn, wheat climb on weather worries
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures climbed to a nine-month peak Monday on worries about U.S. Midwest planting delays as more rain is expected across the region this week and dry weather stoked concerns over South American corn production. U.S. wheat futures also rallied as dry conditions stressed winter wheat in the southern Plains […] Read more
U.S. grains: Soymeal leads soybean futures higher
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures jumped 1.7 per cent on Friday, their fourth straight day of gains, on expectations that the U.S. will boost its share of the soymeal export market due to harvest shortfalls in Argentina, traders said. Corn futures firmed, hitting a nine-month high for the third day […] Read more
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