Reading Time: 2 minutes CNS Canada — Soybean futures at the Chicago Board of Trade posted sharp gains over the past week, as weather concerns in Argentina and a bullish U.S. Department of Agriculture report sparked a rally. South American weather also underpinned the corn market — and both commodities will be following the forecasts out of the region […] Read more
CBOT weekly outlook: Soy, corn can’t keep their distance from Argentina
U.S. grains: Soybeans set six-month top
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose about two per cent on Tuesday, touching a six-month high on worries about excessive rains in Argentina crimping production prospects, analysts said. Corn and wheat followed the firm trend, drawing additional support from a setback in the dollar. Chicago Board of Trade March soybeans settled up 23 […] Read more
U.S. grains: Soybeans extend rally
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Friday on follow-through buying on the U.S. Agriculture Department’s surprise cut to its domestic production estimate and ending stocks on Thursday, traders said. Soymeal led soybeans higher on concerns that forecasts for more rain in Argentina could limit the size of the soybean crop in the […] Read more
U.S. grains: Soy up as USDA lowers crop, stocks estimates
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit a 3-1/2-week high on Thursday after the U.S. Department of Agriculture cut its estimate of the 2016 soy harvest and lowered its forecast of domestic inventories, analysts said. Wheat futures advanced after the USDA said farmers planted the fewest U.S. acres to winter wheat since 1909. Corn […] Read more
U.S. grains: Wheat hits one-week low on Plains forecasts
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell nearly two per cent on Wednesday on forecasts for much-needed moisture in the southern Plains, analysts said. Corn and soybean futures also declined as traders adjusted positions ahead of key crop data due on Thursday from the U.S. Department of Agriculture. Chicago Board of Trade March wheat […] Read more
CBOT weekly outlook: Soy, corn to tilt lower moving forward
Reading Time: 2 minutes CNS Canada — Following a U.S. government supply and demand report due out Thursday, soybeans and corn are expected to be sideways to lower as traders anticipate upcoming supplies, one U.S. analyst says. “Technically we’ve kind of ran up to the higher end of our trading ranges. We probably can back off a little bit,” […] Read more
U.S. grains: Wheat, corn weak as traders await USDA report
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade soybean futures firmed on Tuesday, recovering from weakness in overnight trading on technical buying amid lingering concerns about weather in key South American growing regions. Corn eased as traders staked out positions ahead of the release of key U.S. Agriculture Department supply and demand reports on Thursday. […] Read more
U.S. grains: Soybeans, corn, wheat rise
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Monday, settling up one per cent on some concerns about rain in parts of Argentina curtailing crop production from the world’s third largest exporter of the oilseed, traders said. Wheat futures also closed higher, with prices firming to their highest since Nov. 22. Corn futures ended […] Read more
U.S. grains: Exports pressure corn, soybeans
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Friday on signs of weakening demand for U.S. exports as the South American harvest nears, traders said. Wheat futures also dropped, pressured by a round of profit-taking after K.C. hard red winter wheat hit a 4-1/2-month high. But concerns about crop […] Read more
U.S. grains: Wheat jumps as U.S. dollar falls
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures rose 1.6 per cent to their highest in nearly six weeks on Thursday on a round of short-covering after weakening overnight, traders said. Corn also firmed, extending its winning streak to five days. Strength in wheat lent support to the yellow grain while soybeans eased on a round […] Read more
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