Reading Time: 2 minutes CNS Canada — Corn futures on the Chicago Board of Trade could be set for a major move depending on what the U.S. Department of Agriculture reveals in next week’s acreage estimates, according to an analyst. “We’ll find out, did we really plant the 90 million (acres) or are we under?” said Scott Capinegro, president […] Read more
CBOT weekly outlook: Corn, soy set for major move on acres
U.S. grains: Wheat dips, halting rally as weather damage assessed
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures fell nearly two per cent on Wednesday, after hitting their highest level in a year as traders assessed the extent to which hot, dry weather would dent a global market laden with record inventories. Corn and soybean futures declined as forecasts called for benign crop weather in the […] Read more
U.S. grains: Wheat climbs as traders fret over U.S., French crops
Reading Time: 2 minutes Chicago | Reuters — U.S. spring wheat futures set fresh 2-1/2-year highs on Tuesday as a further decline in spring wheat condition ratings surprised traders and coincided with concern about damage to French wheat from a heat wave. But corn and soybean futures fell on improving U.S. crop weather, coupled with broad weakness in other […] Read more
U.S. grains: Corn sags on U.S. weather
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell more than two per cent on Monday on forecasts for mostly benign weather in the Midwest as the crop heads into its pollination phase next month, analysts said. Corn closed near its session lows and appeared to drag down soybeans as well. Chicago Board of Trade July […] Read more
U.S. grains: Wheat rallies to highest since June 2016
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures rallied 2.6 per cent on Friday to their highest in nearly a year, with concerns about shortfalls in the U.S. crop sparking a round of short-covering by investment funds, traders said. Corn futures also were higher, but forecasts for rain in key growing areas of […] Read more
U.S. grains: Wheat futures lead grain rally
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Thursday, led by a 2.9 per cent rally in the benchmark Chicago Board of Trade July contract, on concerns about dry weather leading to crop shortfalls globally. Corn also rise, following the gains in wheat, while soybeans generated strength from a bullish report on U.S. crushing, […] Read more
CBOT weekly outlook: Weather watching trade in summertime
Reading Time: < 1 minute CNS Canada –– Corn and soybean futures at the Chicago Board of Trade are hanging in a seasonal weather-based market, with traders watching crop conditions week-to-week. Corn futures have downside potential, gathering influence from wheat futures and crop ratings in the near term. “I’m looking for an improvement in crop ratings next week, which might […] Read more
U.S. grains: MGEX spring wheat eases on rains
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soy futures were mostly lower on Wednesday, with MGEX spring wheat declining from an earlier 2-1/2-year high on pressure from technical selling and forecasts for crop-friendly rainfall, traders and analysts said. Chicago Board of Trade corn futures declined the most as scattered rains fell in the Midwestern crop […] Read more
U.S. grains: MGEX wheat rallies as conditions worsen in Plains
Reading Time: 2 minutes Chicago | Reuters — U.S. spring wheat futures jumped 4.6 per cent to their highest in 2-1/2 years on Tuesday, pulling soft red winter wheat and hard red winter contracts higher on growing worries about crop health in the dry U.S. Plains, traders said. The rally stemmed from a U.S. Agriculture Department report released on […] Read more
U.S. grains: Improving weather views pressure corn, soy, wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures dropped 2.8 per cent on Monday on forecasts for rain that is expected to bolster the health of a crop stressed by adverse weather throughout planting and early development, traders said. The improving weather view also weighed on wheat and soybean futures as traders used it as an […] Read more
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