Reading Time: < 1 minute CNS Canada — Soybean and corn futures at the Chicago Board of Trade are both stuck in sideways trading ranges, looking for a catalyst to break one way or the other. The U.S. Department of Agriculture releases its latest supply/demand report on Thursday, with the updated production estimates possibly providing that spark. “If something’s going […] Read more
CBOT weekly outlook: Sideways soy, corn still await spark
U.S. grains: Corn, soybeans, wheat end modestly lower
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures closed fractionally lower Tuesday on technical selling, bucking strength in other commodity markets, including crude oil. Wheat futures on the Chicago Board of Trade also fell, with the spot December contract hitting a four-week low as traders positioned for monthly U.S. government reports due Thursday. The […] Read more
U.S. grains: Wheat nears four-week low on weak export demand
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures fell to a near four-week low on Monday on plentiful global inventories and weak demand for U.S. supplies, analysts said. Soybeans turned down after touching a two-week high and corn drifted lower on a day when U.S. government offices, including the Department of Agriculture, were closed for the […] Read more
U.S. grains: Soy hits one-week top
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to a one-week high on Friday, buoyed by a light surge of buying in the closing minutes of trade following a dull, largely technical session, analysts said. Wheat and corn also closed with modest gains. Chicago Board of Trade November soybeans settled up four cents at $9.72-1/4 […] Read more
U.S. grains: Soybeans, corn rise as harvest slows
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose 1.1 per cent on Thursday to their highest level in nearly a week, supported by reports of some disappointing yields in key Midwest production areas and technical buying, traders said. Concerns about rains slowing down the U.S. harvest, which was already behind the typical pace, added strength […] Read more
U.S. grains: Soy firm as farmer selling eases
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose slightly on Wednesday, reflecting a slowdown in the Midwest harvest as rains stalled fieldwork and weak cash values discouraged farmer selling, analysts said. Wheat futures fell on technical selling and corn was modestly lower. Chicago Board of Trade November soybeans settled up three cents at $9.58-1/4 per […] Read more
CBOT weekly outlook: Corn dips under $3.50 as harvest pushes on
Reading Time: < 1 minute CNS Canada — The corn market dropped below a major support level during the week ended Wednesday and could be poised to hit further market lows, according to one analyst. “I think we’re within a dime or something of it,” said Jack Scoville of Price Futures Group in Chicago. The December contract fell 5.75 cents […] Read more
U.S. grains: Corn nears one-week low as harvest weighs
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures sagged to their lowest level in nearly a week on Tuesday, pressured by the ongoing harvest and softening cash markets, analysts said. Soybeans ended lower after a choppy, seesaw session while wheat futures firmed in a light technical bounce following a three-session sell-off. The Chicago Board of Trade […] Read more
U.S. grains: Soy, corn fall on big harvest forecasts
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures fell by over one per cent on Monday on expectations of large harvests that should more than meet demand, adding to hefty inventories, traders said. Wheat futures also fell, with the spot Chicago Board of Trade contract nearing a two-week low, as traders continued to digest […] Read more
U.S. grains: Wheat futures slide on larger-than-expected crop view
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell Friday, with Minneapolis Grain Exchange (MGEX) spring wheat tumbling more than three per cent after the U.S. Department of Agriculture surprised traders by raising its estimate of the U.S. spring wheat crop, despite a summer drought. Soybean and corn futures rose roughly one per cent each on […] Read more
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