Reading Time: < 1 minute CNS Canada — Soybean futures at the Chicago Board of Trade moved lower during the week ended Wednesday, while corn held steady, with South American weather conditions expected to provide much of the direction going forward. “We’re pretty much trading one weather report at a time,” said Sean Lusk, director of commercial hedging with Walsh […] Read more
CBOT weekly outlook: Soy, corn watch South American weather
U.S. grains: Soybeans fall on Argentine rain view
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a three-week low on Wednesday as forecasts for rain in dry areas of Argentina’s crop belt took out some of the weather premium built into the market, traders said. “Beans are seeing a little bit of pressure… amid a favourable weather forecast for Argentina,” CHS Hedging […] Read more
U.S. grains: Corn hits five-month high
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures rose to a five-month high on Tuesday, with strong exports and technical buying supporting prices, traders said. Wheat futures also closed firm, their fourth straight day of gains, while soybeans eased on technical selling, traders said. CBOT wheat benefited from short-covering as investors unwound bearish […] Read more
U.S. grains: Soy falls on Argentine rain view
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures weakened on Monday on forecasts for some much-needed rain in dry parts of Argentina’s growing areas, traders said. Wheat and corn futures closed higher, with wheat receiving support from improving export hopes for U.S. supplies, traders said. Both grains traded in negative territory before buyers stepped in to […] Read more
U.S. grains: Soy, corn jump on Argentine dryness
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures rose one per cent on Friday, buoyed by technical buying and concerns over dry growing conditions in Argentina in the wake of U.S. Department of Agriculture crop data at midday that was deemed neutral, traders said. Wheat futures also rallied at the Chicago Board of Trade, […] Read more
U.S. grains: Soybeans down on profit-taking before USDA data
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dropped two per cent on Thursday, the steepest decline in 2-1/2 months, on profit-taking tied to lower veg oil prices and extended weather outlooks for rainfall in Argentina, traders and analysts said. U.S. President-elect Donald Trump’s nomination of Oklahoma Attorney General Scott Pruitt to run the nation’s Environmental […] Read more
CBOT weekly outlook: Soy waits on Argentine weather, inspections
Reading Time: < 1 minute CNS Canada — Soybean futures on the Chicago Board of Trade hung mostly rangebound during the week ended Wednesday. Attention now shifts to the crop in South America. “People will be watching the Argentine weather situation to see if it has any changes in the second-week forecast of 11 to 15 days,” said Terry Reilly, […] Read more
U.S. grains: Wheat, corn sag on ample supplies
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures fell on Wednesday, pressured by plentiful world feedgrain supplies and profit-taking following light rallies a day earlier, traders said. Soybean futures ended modestly higher after a choppy session, supported by fresh export demand for U.S. soy and worries about South American crop weather. Chicago Board of […] Read more
U.S. grains: Exports support gains in corn, soybeans
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Tuesday with another round of export deals with China and concerns about dry weather in Argentina pushing prices higher, traders said. Short covering lent support to corn, which also benefited from overseas interest in U.S. supplies, but wheat closed lower, pressured by a strong U.S. dollar […] Read more
U.S. grains: Corn, soybeans rally, pull wheat higher
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose 1.5 per cent on Monday, snapping a four-session fall, as healthy overseas demand and rallies in Asian oilseed markets countered pressure from large global supplies, traders said. The gains in soybeans spilled over into corn and wheat markets, which also benefited from short covering by investment funds. […] Read more
A message from April Stewart, Country Guide's Associate Editor
