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Tag Archives U.S. dollar — page 2

Crops, Markets, Spring Wheat, Winter Wheat

CBOT weekly outlook: Wheat futures underpinned for now

However, traders still watching headlines

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Reading Time: < 1 minute MarketsFarm — U.S. wheat futures have climbed higher over the past week, with the largest gains in Chicago Board of Trade soft wheat, as global uncertainty over the COVID-19 pandemic provided some support. However, that uncertainty could also makes predicting market trends rather difficult, according to an analyst. “All of my comments come with a […] Read more
Canola, Crops, Markets

ICE weekly outlook: More virus volatility expected in canola

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Reading Time: < 1 minute MarketsFarm — A sharp drop in the Canadian dollar helped lessen the blow of the COVID-19 pandemic on the ICE Futures canola market. However, volatility and uncertainty are expected to remain the feature in the upcoming weeks. Any strength in canola “is 100 per cent the Canadian dollar and nothing else,” said Ken Ball, of […] Read more
Crops, Markets, Reuters

U.S. grains: Corn hits 18-month low

Soybean, wheat futures firm

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures plummeted 3.3 per cent to an 18-month low on Tuesday as traders said current prices were too high to generate demand from overseas buyers with the ongoing harvests in Brazil and Argentina providing cheaper offerings on the export market. Corn prices fell to their session lows just ahead […] Read more
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Soybeans, corn recover

More gains possible

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Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade moved off of nearby lows over the past week, with more upside a possibility, according to an analyst. “In general, with the recovery in energy prices and global markets, we’re seeing a little support come into the agricultural markets,” said Terry Reilly of […] Read more
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Commodities hold up while waiting on China

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Reading Time: 2 minutes MarketsFarm — There’s no doubt commodities on the Chicago Board of Trade have struggled since the coronavirus outbreak in China, but the situation could be worse, a trader said. “I personally think the markets… are holding up pretty well with all of the negative news,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. Some […] Read more
Crops, Markets, Reuters

U.S. grains: Soy up on prospects for Chinese demand

U.S. dollar strength drags on wheat, corn

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Thursday, rallying from early declines on short-covering and prospects for China to step up purchases of U.S. supplies as the U.S.-China Phase One deal goes into effect in days, traders said. But wheat and corn futures fell, pressured by a stronger U.S. dollar, worries about economic […] Read more
Crops, Markets, Reuters

U.S. grains: Markets remain cautious, rangebound ahead of holiday

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Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures were mixed on Tuesday, slipping at one point from a six-week high hit in the previous session, as grain markets remained cautious and positive trade news with China weighed against disappointing export sales data, traders said. The market has high expectations of top-consumer China ramping up soy purchases […] Read more
Crops, Markets, Reuters

U.S. grains: Soy futures hit six-week high on U.S.-China trade hopes

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Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures touched a six-week high on Monday on optimism that China would ramp up purchases of U.S. soy following this month’s announcement of a “Phase 1” trade deal, analysts said. Corn futures firmed, following strength in soybeans, while wheat turned lower in thin technical trade ahead of this week’s […] Read more
Crops, Markets, Reuters

U.S. grains: Wheat futures rally as U.S. cold snap threatens crops

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Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures jumped on Tuesday as traders worried a cold snap would hurt recently planted crops. Temperatures dropped near zero Fahrenheit (-18 Celsius) in wheat-growing areas of the U.S. Plains, including in western Kansas, according to a daily weather report from the U.S. Department of Agriculture. A separate weekly USDA report, […] Read more

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