Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures closed lower on Monday as a bout of technical selling erased early strength tied to export demand and uncertainty about Midwest yield prospects, analysts said. Corn fell on expectations of continued, burdensome U.S. supplies, and wheat also declined in listless trade. CBOT November soybeans settled down one cent […] Read more
U.S. grains: Soybeans end lower in retreat from early strength
U.S. grains: Soybeans ease but notch fourth weekly gain
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures fell on Friday on profit-taking but the benchmark Chicago Board of Trade November contract still recorded a fourth straight weekly advance, supported by firm cash markets and export demand. CBOT wheat rose on short-covering and worries about dry conditions in Australia while corn closed modestly higher in rangebound […] Read more
U.S. grains: Soy hits one-month top on export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures set a one-month high on Thursday on robust export demand coupled with short covering and strength in cash markets, traders said. Corn followed the firm trend, drawing additional support from strength in other commodities, including crude oil. The 19-market Thomson Reuters CoreCommodity Index was up 0.2 per cent […] Read more
CBOT weekly outlook: Strong demand to underpin soy, corn
Reading Time: 1 minute CNS Canada — Soybean and corn futures at the Chicago Board of Trade will soon face seasonal harvest pressure, but good demand may limit the downside this year. Slight upward revisions to the U.S. Department of Agriculture’s yield estimates in the latest supply/demand report weighed on soybeans and corn on Tuesday, but the soybean losses […] Read more
U.S. grains: Soy steadies after tumbling on higher crop estimate
Reading Time: 2 minutes Chicago | Reuters — U.S. soybeans firmed on Wednesday in a light technical rebound one day after the U.S. Department of Agriculture surprised analysts by raising its estimates of the U.S. corn and soybean yields. Corn futures ended flat while wheat was modestly higher, paring gains after the Chicago Board of Trade December contract hit […] Read more
U.S. grains: Corn falls after USDA raises yield estimate
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures fell 1.7 per cent on Tuesday, the biggest drop for a most-active contract in nearly a month, after the U.S. Department of Agriculture raised its 2017 corn yield forecast, bucking most trade expectations for a reduction. Soybean futures fell after the USDA surprised analysts by hiking its U.S. […] Read more
U.S. grains: Wheat lower on hefty global stocks
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures dipped to a one-week low on Monday as swelling harvest supplies in the Black Sea export region hung over a subdued market a day ahead of closely watched U.S. government crop forecasts. Soybean futures also declined, while corn edged higher in choppy trade. Chicago Board of Trade December […] Read more
U.S. grains: Corn, wheat post small gains
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures firmed slightly on Friday, supported by a round of end-of-week bargain buying after posting sharp declines on Thursday, traders said. Soybeans weakened on technical pressure after the market threatened, but failed to break through a four-week high hit on Thursday. Strong export demand limited the declines. […] Read more
U.S. grains: Corn, soybean, wheat futures weaken
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures on Thursday sagged 1.7 per cent on technical selling and expectations of a U.S. bumper harvest that would enlarge the already massive global supply of the grain, traders said. Wheat and soybean futures also posted lower closes. Wheat faced pressure from weak worldwide demand for U.S. supplies and […] Read more
U.S. grains: Corn hits two-week high
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures hit a two-week high on Wednesday on a mix of short-covering and worries about the pace of U.S. crop maturity, traders said. Soybeans and wheat futures also posted modest advances. Chicago Board of Trade December corn futures settled up 2-1/2 cents at $3.61 per bushel after reaching $3.62, […] Read more
A message from April Stewart, Country Guide's Associate Editor
