Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a two-week low on Thursday on pressure from the expanding U.S. harvest and technical selling a day ahead of key U.S. government crop reports, analysts said. Wheat and corn followed the lower trend as traders adjusted positions ahead of the U.S. Department of Agriculture’s small grains […] Read more
U.S. grains: Soy at two-week low on harvest, pre-report adjustments
CBOT weekly outlook: Harvest pressure to weigh on soy, corn
Reading Time: < 1 minute CNS Canada — U.S. harvest operations are just getting started, which should keep soybean and corn futures at the Chicago Board of Trade under pressure over the next few weeks. Both commodities are expected to “grind a little lower” over the next few weeks, according to Terry Reilly of Futures International in Chicago. The U.S. […] Read more
U.S. grains: Wheat rises to one-month top on technical buying
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures set a one-month high Wednesday on technical buying and worries about dry conditions in the Midwest that helped the market rally after a weak start, traders said. Corn and soybeans also turned up, shaking off early pressure tied to the expanding harvest of both crops in the U.S. […] Read more
U.S. grains: Soy down on harvest, worries about biodiesel
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a one-week low on Tuesday on technical selling combined with better-than-expected yield reports from the Midwest, analysts said. Wheat and corn futures followed the weak trend, with wheat retreating after climbing to a one-month high. Chicago Board of Trade November soybeans settled down 7-3/4 cents at […] Read more
U.S. grains: Soybeans sag as harvest gets rolling
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell about 1.3 per cent on Monday as anecdotal reports of better-than-expected yields from the early harvest in the Midwest began to trickle in, traders said. Wheat futures turned higher on fund short-covering ahead of a key U.S. government crop report on Friday while corn was little changed. […] Read more
U.S. grains: Soy at six-week top on exports, yield uncertainty
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit a six-week high on Friday on stepped-up export demand and uncertainty about the size of the U.S. crop, analysts said. Corn followed the firm trend, supported by chart-based buying. Chicago Board of Trade December wheat set a one-month high but turned lower. Chicago Board of Trade November […] Read more
U.S. grains: Wheat hits one-month top on technical buying
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures posted a one-month high Thursday on technically driven trade while U.S. soybean and corn futures eked out modest advances as traders waited for the harvest to expand in the Midwest. Chicago Board of Trade December what settled up 2-3/4 cents at $4.52-1/2 per bushel after reaching $4.54-1/2, its […] Read more
CBOT weekly outlook: Corn, soy look for export demand
Reading Time: 2 minutes CNS Canada — The ongoing U.S. harvest is keeping a lid on rallies in both the corn and soybean markets. Corn futures on the Chicago Board of Trade chopped above and below the psychologically-important US$3.50 per bushel mark during the week ended Wednesday. Soybeans felt some pressure from fund selling and generally seemed to be […] Read more
U.S. grains: Soy, corn firm on broad commodity strength, soy sales
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Wednesday, supported by strength in commodities and resurgent soy export demand, traders said. Wheat and corn followed the higher trend, with both grains rebounding after a two-session slide as the U.S. corn harvest got under way. Chicago Board of Trade November soybeans settled up 4-1/2 cents […] Read more
U.S. grains: Corn falls one per cent as harvest looms
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures fell nearly one per cent on Tuesday on chart-based selling as the harvest of a large U.S. crop loomed, traders said. Soybeans followed the weak trend, declining in the absence of fresh supportive news, and wheat closed mixed, with front-month December fractionally lower. “The biggest thing is, there […] Read more
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