Reading Time: 2 minutes Chicago soybean futures tumbled on Thursday as the prospect of downpours in Brazil helped offset concerns over hot, dry weather threatening crops in the top exporting nation.
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U.S. grains: CBOT soybeans decline on prospect of rain in Brazil
A large harvest in Brazil could limit global demand for U.S. soybeans says analyst
U.S. grains: Soy ends down on forecasts for rain in Brazil; corn, wheat dip
Brazilian weather outweighed support from data showing record U.S. soybean crush
Reading Time: 2 minutes Chicago Board of Trade soybean futures inched down on Wednesday, retreating after rallying to the highest levels since August, as improved Brazilian weather outlooks bolstered supply prospects and overshadowed demand from record U.S. soybean crushings last month.
CBOT weekly outlook: All eyes in Chicago soybeans, corn looking south
Soybeans have been trending higher over the past few weeks, while corn touched two-year lows
Reading Time: < 1 minute Shifting South American weather forecasts will likely keep the soybean and corn markets at the Chicago Board of Trade on edge over the next few months, as crops in Brazil and Argentina develop.
U.S. grains: Soybeans hit August high, soymeal climbs on strong demand
U.S. soy crush likely set record monthly high in October
Reading Time: 2 minutes U.S. soybean futures jumped to their highest price since August on Tuesday on concerns about unfavorable crop weather in top supplier Brazil, analysts said. A rally to contract highs in soymeal futures helped lift the soybean market.
U.S. grains: Chicago corn slumps on forecast for record-large crop
Crude oil recovery lends some support to grains
Reading Time: < 1 minute Chicago | Reuters — Chicago corn futures posted a third straight weekly decline on Friday, as traders reacted to a government forecast that U.S. farmers will produce a record-large crop this year. Wheat was lower, following corn. Commodity funds hold a sizeable net short position in Chicago wheat futures, leaving the market prone to volatility […] Read more
U.S. grains: Chicago grain, soy futures drop after USDA forecasts
China buys over one million tonnes of U.S. soy
Reading Time: 2 minutes Chicago | Reuters — The Chicago Board of Trade’s most-active corn futures plunged sharply on Thursday after the government reported that U.S. farmers will produce the biggest-ever corn crop this year. The report’s forecast topped trade estimates. The most-active CBOT corn contract at one point dipped to $4.66-1/2, the lowest price since Dec. 30, 2020, […] Read more
USDA’s WASDE report throws a few curveballs
Corn carryover up significantly
Reading Time: 2 minutes MarketsFarm — There were some surprises in the November world agricultural supply and demand estimates (WASDE) from the U.S. Department of Agriculture, released Thursday. USDA defied trade expectations when it came to 2023-24 ending stocks of U.S. corn, soybeans, and all wheat, with those being higher. As well, the department came in above what the […] Read more
CBOT weekly outlook: Small changes expected in November WASDE
'Corn is going to be an issue in Brazil'
Reading Time: 2 minutes MarketsFarm — There will likely be some minor tweaks to the November supply and demand report from the U.S. Department of Agriculture on Thursday. USDA is set to publish its world agriculture supply and demand estimates (WASDE) at 11 a.m. CT. “I would say the [U.S.] corn production estimates are very likely to hold steady, […] Read more
U.S. grains: Chicago soybeans find two-month high
Wheat crop above expectations
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures on Monday hit their highest level in some eight weeks on weather concerns in top exporter Brazil and arid conditions in Argentina. Corn futures finished unchanged, while wheat rose slightly as weakness in the U.S. dollar added support to the markets. Traders monitored uneven crop weather in Brazil, […] Read more
CBOT weekly outlook: Demand, not interest rates, affecting markets
U.S. Fed decision 'pretty much factored in'
Reading Time: 2 minutes MarketsFarm — While key interest rates in the United States will stay put for the time being, corn and wheat prices on the Chicago Board of Trade (CBOT) declined steadily during the week ended Wednesday. The U.S. Federal Reserve announced earlier Wednesday that the central bank’s policy rate will remain within 5.25 and 5.5 per […] Read more