Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a three-month low on Thursday, the sixth straight session of declines, on pressure from easing vegetable oil prices and improving crop weather in South America. Wheat and corn futures both were the highest in more than a week, with prices notching narrow gains on better-than-expected U.S. […] Read more
U.S. grains: Soybeans at three-month low
CBOT weekly outlook: Corn, soy trade watching South America
Reading Time: < 1 minute CNS Canada –– Seasonal holiday trade could lead to some choppiness in the Chicago Board of Trade soybean and corn markets over the next week, although the general bias will likely remain pointed lower in the New Year, barring a weather scare out of South America. “There’s a reluctance to take on new positions ahead […] Read more
U.S. grains: Wheat climbs on frigid weather
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rebounded on Wednesday to notch a 1-1/2-week high on worries about frigid weather across the Wheat Belt that threatens to damage crops lacking protective snow cover. Corn also rose on spillover support from wheat and as traders covered short positions following recent contract lows. Soybeans fell to three-month […] Read more
U.S. grains: Soybeans slump on technical selling
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Tuesday for the ninth time in 10 sessions on technical selling and forecasts for crop-boosting rains in South America. Corn firmed on short-covering after touching contract lows, but prices remain capped by abundant supplies. Wheat futures ended mostly lower, with only hard red winter wheat contracts […] Read more
U.S. grains: Soybeans sink to three-month lows on Argentine rains
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures slumped to three-month lows on Monday as rain in Argentina eased concerns that farmers would scale back planting in the country, the third-largest soybean exporter and top soy product supplier. Corn futures also declined on the rainy Argentine weather and pressure from abundant supplies of the grain. Wheat […] Read more
U.S. grains: Corn, soybean futures ease
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures dipped on Friday, hitting fresh contract lows after giving up early gains on technical selling, traders said. Soybean futures also weakened slightly, pressured by forecasts for improving crop weather in South America. The outlook for rain added to the pressure on corn. “Corn tried the upside early on […] Read more
U.S. grains: Soybeans drop, wheat firms, corn slips
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures sagged to their lowest in more than two months on Thursday, weighed down by forecasts for much-needed rains in Argentina, traders said. Wheat futures closed firm, supported by strong export data, while corn slipped. The most-active soybean contract on the Chicago Board of Trade dropped 1.2 per cent. […] Read more
U.S. grains: Wheat, corn, soy rebound on short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures rose on Wednesday, bouncing from contract lows hit the previous session as traders covered short positions, traders said. Soybean futures also firmed after sagging on Tuesday following the release of a U.S. government report that highlighted the bearish global supply situation. Chicago Board of Trade soft […] Read more
CBOT weekly outlook: Corn, soy look vulnerable to downside
Reading Time: 2 minutes CNS Canada — Soybean and corn futures both suffered losses over the past week as improving weather patterns in South America have pushed the commodities below their recent support levels. CBOT March corn dipped below the psychologically-important $3.50 a bushel level on Tuesday (all figures US$). The market was pressured by the U.S. Department of […] Read more
U.S. grains: Soybeans sag as South American crop prospects improve
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures fell to a three-week low on Tuesday on improving weather in Argentina and rising estimates of Brazil’s soybean crop, while corn and wheat futures hit life-of-contract lows. CBOT January soybeans settled down 6-3/4 cents at $9.75-3/4 a bushel after dipping to $9.75, the contract’s lowest […] Read more
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