Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures neared a one-year high on Friday as concerns mounted about crop losses from a searing drought in Argentina, the world’s biggest exporter of soymeal and soyoil. Argentina, which is also the world’s No. 3 supplier of soybeans and corn, has been grappling with dry weather since late last […] Read more
U.S. grains: Soybeans near one-year high
U.S. grains: Soy, corn futures about flat
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soy futures were about flat on Thursday in largely technical-driven trading as investors awaited supply and demand estimates from an annual U.S. Department of Agriculture forum due early on Friday. USDA on Thursday predicted U.S. plantings of corn and soybeans at 90 million acres each and wheat slightly […] Read more
CBOT weekly outlook: Soy faces bullish charts, bearish fundamentals
Reading Time: < 1 minute CNS Canada — Soybean futures at the Chicago Board of Trade posted solid gains over the past month on the back of weather concerns in Argentina. While there’s more room to the upside from a technical standpoint, the fundamentals are starting to become old news. “I think the Argentine story is a little bit exaggerated, […] Read more
U.S. grains: Soybeans rise as drought withers crops in Argentina
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures on Wednesday rose for the sixth time in seven sessions on expectations that a drought-reduced crop in Argentina would buoy demand for U.S. supplies. Gains were limited by plentiful global supplies and strong production prospects in Brazil. Wheat slipped to a two-week low, pressured by high world supplies […] Read more
U.S. grains: Soymeal rally lifts soy, corn
Reading Time: 2 minutes Reuters — U.S. soybean meal futures jumped to their highest level since July 2016 on Tuesday as a drought kept the heat on crops in Argentina, the world’s top exporter of the livestock feed. The rally helped lift soybean and corn prices, which touched seven-month and six-month highs, respectively. Sizzling conditions in Argentina since November […] Read more
U.S. grains: Soy falls on profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell from their highest since late July on Friday as traders locked in profits from this week’s weather-driven rally. Soymeal futures were mixed, with the most active contract snapping an eight-session winning streak after rallying to its highest in more than a year and a half. Deferred soymeal […] Read more
U.S. grains: Soy, wheat rise on weather concerns
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Thursday to their highest level since July 25 as an ongoing drought in key exporter Argentina underpinned prices. Soymeal futures, which hit a 19-month high, headed higher for the eighth straight session as fears have mounted that Argentina will struggle to meet its export commitments for […] Read more
CBOT weekly outlook: Soy trade watching soymeal commitments
Reading Time: < 1 minute CNS Canada — Soybeans on the Chicago Board of Trade continue to climb on charts due to worries over dry soil conditions in Argentina and strength in soymeal — but that could change soon. Terry Reilly of Futures International in Chicago said traders are keenly watching to see soybean meal commitment numbers in Thursday’s U.S. […] Read more
U.S. grains: Argentine weather underpins corn, soy
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures firmed on Wednesday, stabilizing near recent highs on persistent concerns about dry weather in Argentina hurting crops as they pass through key stages of development, traders said. Corn’s gains were limited as the rally stalled out at the six-month high hit on Tuesday. Soybeans rose to […] Read more
U.S. grains: Soymeal rally lifts soybean futures
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose to a 10-week high on Tuesday, lifted by a surging soymeal market as dry weather in Argentina threatened to reduce crop yields from that key South American supplier, traders said. Wheat futures dropped as a rally fizzled after prices hit six-month highs. Corn futures, which traded both […] Read more
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