Reading Time: 2 minutes CNS Canada — Chicago Board of Trade (CBOT) corn futures chalked up modest gains on the week ended Wednesday, as slow farmer selling and weakness in the U.S. dollar underpinned the market. March corn ended 11 and a half cents higher from the previous week (all figures US$). It was another volatile stretch for corn, […] Read more
CBOT weekly outlook: Corn, soy positioning ahead of USDA report
U.S. grains: Soybeans firm on bargain buying
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose 1.9 per cent on Wednesday on a round of bargain buying following three straight days of declines that pushed the benchmark contract to its lowest since mid-November, traders said. Corn futures rose for the fourth session in a row as investors staked out positions ahead of annual […] Read more
U.S. grains: Soy hits six-week low on South American prospects
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a six-week low on Tuesday on improving South American crop prospects and uncertainty about export demand from China, analysts said. Corn rose on technical buying and expectations that commodity index funds will buy grain next week as they rebalance portfolios. Wheat closed lower, retreating from early […] Read more
U.S. grains: Wheat, corn prices sag in 2016 as record supply weighs
Reading Time: 2 minutes Chicago/Reuters – U.S. wheat futures firmed on Friday on better-than-expected export data and short-covering at year’s end, analysts said, but the market was poised for an annual decline of about 13 per cent. Corn was set to finish the year down about 2 percent after the biggest-ever U.S. harvest boosted stockpiles. Both corn and wheat […] Read more
CBOT weekly outlook: Soy, corn set to start New Year off weaker
Reading Time: < 1 minute CNS Canada — Fundamental features are likely to pressure technical soybean and corn markets at the Chicago Board of Trade, one U.S. analyst says, keeping a lid on prices into the New Year. Soybeans — “I’m outright bearish on the beans,” said Preston Zacharias, market analyst at CHS Hedging. The January contract for soybeans will […] Read more
U.S. grains: Soybeans rise from one-month low
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Wednesday as the market rebounded from its lowest level in nearly a month amid lingering concerns about risks from unfavourable crop weather in South America. Corn and wheat futures hit their lowest levels in more than two weeks under pressure from large supplies and technical selling. […] Read more
U.S. grains: Soybeans stumble on South America’s crop prospects
Reading Time: 2 minutes Reuters — U.S. soybean futures tumbled to a nearly one-month low on Tuesday, as rain in Argentina’s dry crop belts kept South America on track for a bumper harvest. Chicago corn and wheat also ticked lower, under pressure from a stronger U.S. dollar and technical selling. The most active soybean futures contract on the Chicago […] Read more
U.S. grains: Soy, corn weaker on Argentina rains, profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean, corn and wheat futures eased on Monday, weighed down by profit-taking and expectations for more crop-friendly rainfall in Argentina. Wheat futures retraced early gains despite bitter cold temperatures in the U.S. which left dormant plants vulnerable to damage. Chicago Board of Trade soybeans notched the largest declines of the […] Read more
U.S. grains: Soybeans rise on export deal
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Friday, as a fresh export deal highlighted the robust overseas demand for the oilseed and also supported by lingering concerns about dry conditions in Argentina, traders said. Wheat futures were flat, retracing losses late in the session on a round of short-covering and worries about a […] Read more
U.S. grains: Soy firms on technicals
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Thursday, turning higher after testing key technical support levels, traders said. Corn and wheat futures weakened on a mild round of profit-taking. Wheat, which also was pressured by a firm U.S. dollar, had risen for the previous five days while corn was coming off a four […] Read more
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