Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures jumped more than one per cent on Friday on bargain buying after steep losses during the past two sessions, traders and analysts said. Midday weather forecasts also predicted hot temperatures next week in the U.S. Midwest, potentially stressing developing crops and further buoying corn and soy […] Read more
U.S. grains: Corn, soy rise on bargain buying, temperature outlook
CBOT weekly outlook: December corn looks pricey above $4 mark
Reading Time: < 1 minute CNS Canada — A larger than expected carryout of U.S. corn supplies has cast a bearish tint over the market. In the U.S. Department of Agriculture’s monthly supply and demand report, the agency pegged domestic corn stockpiles for 2017-18 at 2.325 billion bushels, which exceeded the June projection of 2.11 billion. Futures quickly plunged lower, […] Read more
U.S. grains: Wheat, corn, soy tumble on better weather, technicals
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soy futures plummeted on Thursday, with wheat easing as much as five per cent in a technical selloff amid outlooks for slightly cooler temperatures and chances for rain next week in Midwestern growing regions, traders and analysts said. Wheat, corn and soybeans extended steep losses from Wednesday that […] Read more
U.S. grains: Corn falls four per cent after USDA data
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell four per cent on Wednesday after the U.S. Department of Agriculture raised its U.S. old- and new-crop corn ending stocks forecasts more than most analysts expected. Wheat and soybeans followed corn lower, with rains in Iowa and Illinois this week adding pressure. Chicago Board of Trade September […] Read more
U.S. grains: Soybeans set four-month top
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit a four-month high Tuesday on worries about stressful crop weather in the Midwest and as traders squared positions one day ahead of monthly reports from the U.S. Department of Agriculture. Corn futures ended fractionally lower on profit-taking after a one-year high, while wheat ended higher after a […] Read more
U.S. grains: Corn, soy, wheat rise as crop belt heats up
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures rose more than two per cent on Monday, with corn setting a one-year high on worries about forecasts for potentially stressful heat in parts of the Midwest. Chicago Board of Trade wheat futures climbed nearly three per cent, led by outlooks for more hot and dry […] Read more
U.S. grains: Soybeans, corn firm on weather view
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures rallied 1.4 per cent on Friday on hotter and drier forecasts for important growing areas of the U.S. Midwest, traders said. Concerns about the forecast also supported corn futures but the market closed off session highs as profit-taking weighed on prices after their run-up to […] Read more
U.S. grains: Wheat, corn futures fall
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Thursday, shrugging off signs of further deterioration in already stressed crops, on a round of profit-taking following a rally to multi-year highs, traders said. Corn futures also fell, snapping a streak of seven straight higher closes, on pressure from the U.S. Agriculture Department’s surprise boost to […] Read more
CBOT weekly outlook: Soy, corn enter summer weather market
Reading Time: < 1 minute CNS Canada — Soybean and corn futures posted solid gains over the past week, and may have more room to the upside as the U.S. Midwest enters the heat of summer. “It’s still early July, and we have the bulk of the important growing weather ahead of us,” said Rich Feltes, of RJ O’Brien in […] Read more
U.S. grains: Corn, wheat extend winning streak as forecast heats up
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose for a sixth day in a row on Wednesday, with technical buyers stepping into the market after prices sank into negative territory, traders said. Chicago Board of Trade corn and soybean futures also closed higher. Corn, which has risen for seven straight trading sessions, received support from […] Read more
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