Reading Time: 2 minutes CNS Canada — The potential for a storm in the Gulf of Mexico to bring rain to parts of the U.S. Midwest has caught the attention of the grain and oilseed markets. “If it turns farther north and hits some of the dry spots in Indiana, Ohio and Illinois that would be a little bit […] Read more
CBOT weekly outlook: Corn, soybeans eye Tropical Storm Harvey
U.S. grains: Corn falls to 2017 lows on plentiful global stocks
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures sank to their lowest levels of the year on Wednesday on fund-driven technical selling and plentiful global grain supplies, analysts said. Chicago Board of Trade wheat futures rose on bargain-buying after front months fell to contract lows, while soybean futures firmed modestly. CBOT December corn settled down 4-1/4 […] Read more
U.S. grains: Wheat extends drop to fresh contract lows
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures sank to contract lows on Tuesday, weighed down by abundant global supplies and technical selling as prices extended a fall that started in early July. Chicago Board of Trade corn futures weakened slightly to the lowest levels in about a year, following the declines in wheat, while soybean […] Read more
U.S. grains: Corn drops to nearly one-year low
Reading Time: 2 minutes Chicago | Reuters — U.S. grain prices fell about one per cent on Monday, with benchmark Chicago Board of Trade December corn sinking to a nearly one-year low, on technical selling and easing concerns that dry weather would reduce harvests. Several CBOT wheat futures contracts dropped to lifetime lows, while soybeans notched small declines. Soyoil […] Read more
U.S. grains: Corn, soy, wheat rise but post weekly declines
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures firmed on Friday, but outlooks for good weather for crop development limited attempts at a rally, traders said. All three commodities posted weekly losses. “Ongoing pressure from large supplies and lack of a weather threat kept markets on the defensive this week,” Farm Futures analyst […] Read more
U.S. grains: Wheat falls to contract lows on fund selling
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures fell about one per cent to life-of-contract lows on Thursday, weighed down by investment fund short selling and abundant global supplies, traders said. Corn futures also eased but held just above Wednesday’s multimonth lows while soybean futures gained on strong Chinese demand and as rains […] Read more
U.S. grains: Wheat, corn futures ease, soy firms
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures sank to contract lows on Wednesday as ample global supplies provided overseas buyers with cheaper alternatives to U.S. offerings in export deals, traders said. Corn futures also were lower, pressured by the drop in wheat as well as good weather for crop development across the […] Read more
CBOT weekly outlook: Corn, soy struggle under heavy supplies
Reading Time: 2 minutes CNS Canada — Corn and soybean traders continue to assess the fallout from last week’s world supply and demand report from the U.S. Department of Agriculture. The monthly report stunned analysts with predictions for U.S. corn yields at 169.5 bushels per acre, and soybean yields of 49.4 bu./ac. “That just destroyed the market,” said Scott […] Read more
U.S. grains: Corn slips to 10-month low on U.S. crop conditions
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn tumbled to a 10-month low on Tuesday and soybeans fell to a six-week low as rains boosted expectations for bumper U.S. crops, traders said. Some CBOT wheat and K.C. wheat futures dropped to life-of-contract lows on technical selling and as a stronger dollar threatened to make […] Read more
U.S. grains: Soy, spring wheat extend losses on technicals, weather
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and spring wheat futures pared losses on Monday but still closed lower as technical selling and outlooks for favourable crop weather continued to pressure prices following steep declines last week. Meanwhile, Chicago Board of Trade wheat and corn futures turned higher on a bargain-buying bounce. CBOT November soybean futures […] Read more
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