Reading Time: 2 minutes CNS Canada — With Midwestern harvest operations nearing completion for the year, rangebound U.S. grain and oilseed markets are looking for fresh news to provide direction. Soybean, corn and wheat futures all remain stuck in relatively sideways trading patterns and “the only thing that will change that is an adverse situation in South American weather, […] Read more
CBOT weekly outlook: Rangebound soy, corn look for fresh news
USDA lowers U.S. corn stocks view as exports rise
Reading Time: 2 minutes Washington | Reuters — Surging export demand for U.S. corn will cut into domestic stockpiles of the grain by more than expected, the U.S. Agriculture Department said on Thursday. But U.S. soybean stocks were forecast to rise as a bumper harvest in Brazil will allow overseas buyers to source their oilseed purchases from the South […] Read more
CBOT weekly outlook: USDA report delivers no surprises
Reading Time: 2 minutes CNS Canada — The latest report released from the U.S. Department of Agriculture had no surprises for traders at the Chicago Board of Trade (CBOT), leaving the March corn and soybean contracts little changed. “I think that brokers right now are on the phone talking to their customers, probably some co-ops, elevators are also, and […] Read more
U.S. grains: Corn, soy rise on South American weather worries
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures climbed on Monday on short-covering and concerns that the weather in South America could hamper production of the crops in Brazil and Argentina. Wheat rallied around two per cent as commodity funds exited short positions and on increasing worries that dry weather in the U.S. Plains […] Read more
U.S. grains: Soybeans fall to four-month low
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures fell more than one per cent and neared a four-month low Thursday on improving crop prospects in Brazil that could curb demand for U.S. soy exports, traders said. Corn and wheat futures also declined in thin trade between the Christmas and New Year’s Day holidays. Chicago Board of […] Read more
CBOT weekly outlook: Corn, soy trade watching South America
Reading Time: < 1 minute CNS Canada –– Seasonal holiday trade could lead to some choppiness in the Chicago Board of Trade soybean and corn markets over the next week, although the general bias will likely remain pointed lower in the New Year, barring a weather scare out of South America. “There’s a reluctance to take on new positions ahead […] Read more
U.S. grains: Corn, soybean futures ease
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures dipped on Friday, hitting fresh contract lows after giving up early gains on technical selling, traders said. Soybean futures also weakened slightly, pressured by forecasts for improving crop weather in South America. The outlook for rain added to the pressure on corn. “Corn tried the upside early on […] Read more
CBOT weekly outlook: Corn, soy look vulnerable to downside
Reading Time: 2 minutes CNS Canada — Soybean and corn futures both suffered losses over the past week as improving weather patterns in South America have pushed the commodities below their recent support levels. CBOT March corn dipped below the psychologically-important $3.50 a bushel level on Tuesday (all figures US$). The market was pressured by the U.S. Department of […] Read more
CBOT weekly outlook: Rangebound corn, soy watch South America, exports
Reading Time: 2 minutes CNS Canada — Weak exports and improving growing conditions in South America are casting a bearish tint over near-future prospects for corn and soybeans. One market analyst in Illinois noted the corn market was also extremely oversold. “A good technical close for December corn this week would be over $3.36” a bushel, said Scott Capinegro, […] Read more
CBOT weekly outlook: Corn, soy futures maintain status quo
Reading Time: 2 minutes CNS Canada — Soybean and corn futures at the Chicago Board of Trade have kept rangebound this week with little excitement. During the week ended Wednesday the December corn contract rose slightly, by 2.5 cents, to $3.51 per bushel (all figures US$). The dominant November contract for soybeans fell 3.25 cents, to $9.9675 per bushel. […] Read more
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