Reading Time: < 1 minute CNS Canada — Corn and soybean markets appear to be holding firm above major support levels as harvest approaches for much of the U.S. Futures have actually risen in recent days as large funds cover shorts ahead of next week’s supply and demand report, due out Tuesday next week from the U.S. Department of Agriculture. […] Read more
CBOT weekly outlook; Corn, soybeans holding above support
U.S. grains: Soy rises on technicals, dry forecast
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit a 3-1/2-week high on Tuesday on technical buying and forecasts for dry weather in the Midwest that could threaten late-season yield prospects, analysts said. Corn and wheat futures followed the higher trend. Chicago Board of Trade November soybean futures settled up 19 cents at $9.68-1/2 per bushel […] Read more
U.S. grains: Corn lower as yield forecasts rise
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell on Friday on rising expectations of plentiful supplies from what should be a bumper Midwest harvest beginning later this month, analysts said. Soybean futures firmed, led by strength in soyoil, and wheat rose on technical buying ahead of a three-day U.S. holiday weekend. Markets will be closed […] Read more
U.S. grains: Corn jumps, joining broad commodities rally
Reading Time: 2 minutes Chicago | Reuters — U.S. corn prices rose about 3.5 per cent on Thursday, snapping a four-session slide as grain traders joined a broad rally in commodities on the last day of the month. Soybeans and wheat followed the firm trend. Chicago Board of Trade December corn futures settled up 12-1/4 cents at $3.57-3/4 per […] Read more
CBOT weekly outlook: Corn, soy rally as focus moves to new crop
Reading Time: 2 minutes CNS Canada — Traders in corn and soybean futures might well have been hoping for a repeat of history at the start of Thursday’s trading session. On Aug. 31 last year, corn prices scraped bottom and then rallied, moving from harvest lows. If they were hoping, they got it. A similar rally dominated Chicago Board […] Read more
U.S. grains: Corn, soy futures flat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell to contract lows on Thursday on fund-driven selling tied to plentiful global supplies and expectations of a large Midwest harvest, analysts said. Soybeans followed the weak trend while wheat ended steady to lower. Chicago Board of Trade December corn settled down 3-1/4 cents at $3.45-1/2 per bushel […] Read more
U.S. grains: Corn hits contract low ahead of big harvest
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures fell to contract lows for the fifth straight session on Tuesday on technical selling linked to the approaching harvest of a bumper U.S. crop, traders and analysts said. CBOT wheat futures also notched life-of-contract lows before reversing slightly higher on bargain buying while soy prices […] Read more
U.S. grains: Wheat, corn drop to contract lows
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures dropped to life-of-contract lows on Monday, weighed down by technical selling and abundant global supplies, traders and analysts said. Chicago Board of Trade September wheat futures fell about 2.4 per cent, settling down 9-1/2 cents at $4, in a bear-spreading decline as some investors dumped spot […] Read more
U.S. grains: Corn hits contract lows on supply pressure
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures fell to contract lows on Friday, pressured by technical selling and abundant global grain supplies ahead of another bumper U.S. harvest, traders and analysts said. Soybean futures also eased, declining from Thursday’s two-week high as investors took profits ahead of final data from the annual […] Read more
U.S. grains: Soy up on exports, biodiesel hopes
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures climbed nearly one per cent on Thursday, lifted by strong export demand, gains in soyoil prices and smaller pod count findings on an annual U.S. crop tour, traders said. Corn and wheat futures rallied late in the trading session on short-covering after prices for each […] Read more
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