Reading Time: 2 minutes CNS Canada –– Despite a divergence in the two markets on the week, Chicago Board of Trade soybeans and corn are expected to shift back into step, moving sideways to lower in short-term trade, one U.S. analyst says. Improving South American weather is likely to keep a lid on soybeans, said Terry Reilly, senior commodity […] Read more
CBOT weekly outlook: Soy, corn expected to move steady to lower
U.S. grains: Soy up for fourth session on Argentina crop concerns
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures rose on Wednesday for a fourth straight session, notching a six-month high on worries that recent heavy rains could damage crops in Argentina. Wheat and corn closed lower on a round of profit-taking after multi-month highs. Chicago Board of Trade March soybeans settled up 5-3/4 cents at $10.75 […] Read more
ICE weekly outlook: Weather trumps Trump on canola
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts posted substantial gains during the week ended Wednesday, taking strength from a rally in the soy complex. Both front-end contracts rose $17 on the week, with the March contract jumping from $498 at its Jan. 11 close to settle at $515 a week later. Weather concerns in […] Read more
CBOT weekly outlook: Soy, corn can’t keep their distance from Argentina
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
ICE weekly outlook: Canola watching South America
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, breaking below some chart resistance levels in the process. The chart pattern is turning flat, however, and further moves will likely depend on outside factors. Speculators have moved to the short side in the canola market, which accounted for some […] Read more
Monsanto swings to profit on South American demand
Reading Time: 2 minutes Chicago | Reuters — U.S. seeds and agrochemicals company Monsanto, in the process of being bought by Germany’s Bayer for US$66 billion, swung to a quarterly profit, helped by higher demand from South America. Sales of soybe2an seeds and traits jumped 37 per cent as more farmers in South America sowed the company’s genetically modified […] 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
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
CBOT weekly outlook: Soy, corn watch South American weather
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
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