Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures fell to life-of-contract lows on Monday, anchored by plentiful global grain supplies, and soybeans sagged as forecasts called for beneficial rains in Argentina, analysts said. Chicago Board of Trade March corn settled down 3-3/4 cents at $3.49 per bushel after hitting a contract low at $3.48-1/4 […] Read more
U.S. grains: Corn, wheat down to contract lows
U.S. grains: Wheat hits contract lows
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures eased to contract lows on Friday, capping a week of five straight days of declines that saw the market shed 4.6 per cent of its value. Soybean futures also were weaker while corn edged higher on a mild short-covering bounce. A forecast for bigger-than-expected wheat production in Canada […] Read more
U.S. grains: StatsCan data help drag wheat to contract lows
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures slid to contract lows on Thursday, their fourth straight day of declines, on continued pressure from a Canadian report that showed harvest in that country was bigger than expected. The decline in wheat weighed on corn prices. Soybeans also fell, pressured by a round of […] Read more
CBOT weekly outlook: Soybean markets excite while corn settles
Reading Time: 2 minutes CNS Canada — Soybean prices on the Chicago Board of Trade (CBOT) are finding support from Argentina weather while corn markets remain stuck in sideways trading, according to a Chicago trader. “The corn markets have kind of been left out of the Argentina weather equation with heavy fund selling here and there… and then might […] Read more
U.S. grains: Wheat, soy slump on technicals, commodities selloff
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soy prices fell on Wednesday, pressured by technical selling amid a broad downturn across many commodities as the dollar climbed. Chicago Board of Trade soybean futures eased from an earlier roughly four-month high while wheat futures declined for the third straight session, nearing their contract lows set in […] Read more
U.S. grains: Soybeans climb above $10 on Argentina weather woes
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed one per cent on Tuesday, scrambling back above US$10 a bushel, amid ongoing worries about poor weather threatening yield prospects in Argentina. Corn futures ended fractionally higher while wheat futures sagged on sluggish export demand for U.S. supplies. Chicago Board of Trade January soybeans settled up 10 […] Read more
U.S. grains: Soybeans, meal rise on Argentina weather
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose to a three-week high on Monday and soymeal jumped more than two per cent on buying backed by concerns that dry weather in Argentina will hurt crop yields. Corn futures fell more than one per cent, reversing early gains after technical selling, while wheat futures also eased […] Read more
U.S. grains: Soy, corn follow broad commodities strength higher
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose Friday and corn futures hit a three-week high, following broad strength in commodities at the start of the month and a softer U.S. dollar, analysts said. The 19-market Thomson Reuters CoreCommodity Index rose 0.8 per cent, snapping a four-session slide. Chicago Board of Trade January soybeans settled […] Read more
U.S. grains: Corn firms on short-covering at month’s end
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose on Thursday as fund-driven short-covering at the end of the month overshadowed disappointing export sales data, analysts said. Wheat futures on the Chicago Board of Trade ended mostly lower, with nearby contracts pressured by heavier-than-expected deliveries against the December contract on first notice day. Soybeans fell, led […] Read more
CBOT weekly outlook: Rangebound corn, soy watch South America, exports
Reading Time: 2 minutes CNS Canada — Weak exports and improving growing conditions in South America are casting a bearish tint over near-future prospects for corn and soybeans. One market analyst in Illinois noted the corn market was also extremely oversold. “A good technical close for December corn this week would be over $3.36” a bushel, said Scott Capinegro, […] Read more
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