Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures surged to their highest in 6-1/2 years on Friday as the rain outlook in key South American growing areas remained uncertain, threatening harvest prospects as global demand strengthens, traders said. Forecasts of low U.S. soybean inventories and strong demand from U.S. processors and importers like China have made […] Read more
U.S. grains: Soybeans touch 6-1/2 year high
Corn follows as traders eye South American crops
U.S. grains: Corn, wheat, soybeans rally with exports in focus
CBOT March wheat passes US$6 mark
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean and corn futures rose on Thursday, with soybeans soaring past the US$12 a bushel mark and hitting a fresh 4-1/2-year high after a strong weekly export report sparked a rally, traders said. The good demand for U.S. supplies highlighted concerns about potential harvest shortfalls in South […] Read more
CBOT weekly outlook: $12 soybeans possible
Reading Time: 2 minutes MarketsFarm — There’s a good chance that soybeans on the Chicago Board of Trade (CBOT) could reach US$12 per bushel before the end of December, according to grains analyst Terry Reilly of Futures International in Chicago. “It’s very possible. We’re not too far away from it. We also got close to that point back on […] Read more
U.S. grains: Profit-taking pressures soybeans
Corn futures firm, wheat weak
Reading Time: < 1 minute Chicago | Reuters — U.S. soybean futures eased on Wednesday on a profit-taking setback after approaching 4-1/2-year highs, traders said. Corn futures ended firmer on technical buying, while wheat dipped. Concerns about dry conditions limiting crop potential in key corn- and soy-growing areas of South American underpinned the market, with strong demand weighing on global […] Read more
U.S. grains: Wheat soars as Russia eyes export curbs
Tightening supplies underpin corn, soybeans
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures surged on Friday on concerns about thinning global supplies after the U.S. Department of Agriculture (USDA) slashed its grain stocks outlook and as top supplier Russia pondered export curbs. Corn and soy futures also rose as tightening supplies, particularly of soybeans, and lingering concerns about South American crops […] Read more
U.S. grains: Corn, soy retreat as USDA’s supply cuts disappoint
Renewed talk of Russian export curbs supports wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures turned lower on Thursday after the U.S. Department of Agriculture (USDA) trimmed its soybean supply outlook by less than expected and left its corn stocks view unchanged in an monthly report. Wheat futures pulled back from early highs on spillover pressure from retreating corn and soybeans, […] Read more
ICE weekly outlook: Canola entering holiday mode
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts hit fresh multi-year highs following the release of updated production data from Statistics Canada, but the market ran into resistance and could be expected to see some consolidation ahead of the New Year. The most-active January contract touched a session high of $599 per tonne on Friday last week, […] Read more
U.S. grains: Soy touches US$12 mark on Brazil weather
CBOT March corn, wheat also up
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to US$12 a bushel on Monday for the first time in four years as dry conditions in parts of Brazil and Argentina stoked concerns about supplies of the oilseed, analysts said. Corn advanced, also lifted by worries about dryness in South America, and wheat futures followed the […] Read more
U.S. grains: Soybeans touch new four-year peak on supply concerns
Corn hits highest since July 2019, wheat ends mixed
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for a sixth consecutive session on Friday and hit a four-year high on dry conditions in key South American crop areas and concerns about dwindling U.S. supplies. Corn also gained on strong exports and worries about South American dryness, while wheat ended mixed. All three markets finished […] Read more
U.S. grains: Soybeans hit fresh four-year peak on tightening supplies
Soyoil helps lift soybeans amid tight world veg oil supplies; good exports boost corn
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose to a new four-year peak Wednesday, led by sharply higher soyoil and as robust demand for beans from exporters and domestic processors fueled worries about tightening supplies of the oilseed. Corn and wheat followed soybeans higher, with strong export demand giving corn an additional lift. Grains remain […] Read more
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