Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures inched higher on Thursday, supported by strong export sales after lower trade much of the week as harvest progresses across the U.S. Midwest, though some farmers report lower-than-anticipated yields, analysts said. Corn and wheat eased ahead of Friday’s U.S. Department of Agriculture (USDA) quarterly U.S. grain stocks and […] Read more
U.S. grains: Soybeans firm on exports, mixed harvest results
CBOT wheat eases after earlier gains; Russia's annexation plans in focus
CBOT weekly outlook: ‘Lots of moving parts’ in grain markets
Reading Time: 2 minutes MarketsFarm — As the U.S. dollar strengthened to levels unseen in 20 years over the past week, the prices for many commodities took a tumble, including Chicago Board of Trade (CBOT) corn, wheat and soybeans. However, other factors are in play when it comes to prices, according to one trader. “You’re coming into harvest here. […] Read more
CBOT weekly outlook: USDA report affecting corn, soybean prices
Reading Time: 2 minutes MarketsFarm — The U.S. Department of Agriculture’s (USDA) monthly world agricultural supply/demand estimates (WASDE), released Monday, have since played a major role on the Chicago Board of Trade (CBOT), one trader says. Terry Reilly, grains analyst for Futures International in Chicago, said while corn ending stocks (1.219 billion bushels) and average yield (172.5 bushels per […] Read more
U.S. grains: Soybeans, corn down on technical setback
Chicago December wheat rises
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures fell on Wednesday on a round of technical selling as traders adjusted their positions following a market rally sparked by the government’s Monday forecast for smaller-than-expected harvests. “That was a surprising number out of the U.S. Agriculture Department and the market reacted,” said Chris Robinson, founder […] Read more
U.S. grains: Corn, soybean futures dip on profit-taking
Chicago wheat firms
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and soybean futures eased on Tuesday but remained near their nearly three-month highs as the government’s reduced forecasts for this year’s harvests continued to underpin prices, traders said. Wheat futures were firm, supported by uncertainty over Black Sea supplies following Russian criticism of a diplomatic deal […] Read more
U.S. grains: Soy, corn futures hit June highs
USDA cuts domestic harvest estimates
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures surged to their highest price since June on Monday and closed near their highs after the U.S. government made bigger-than-expected cuts to its domestic harvest estimate. Corn futures also hit their highest price in more than two months following a reduced production outlook from the […] Read more
Production, ending stocks down for U.S. corn, soybeans
Worldwide soy, corn stocks also revised lower
Reading Time: 2 minutes MarketsFarm — Projected cuts to soybean production and yields in the United States exceeded many analysts’ expectations, but the monthly U.S. Department of Agriculture (USDA) estimates for corn were mostly in line with pre-report expectations. USDA released its monthly world agriculture supply and demand estimates (WASDE) on Monday, which showed downward revisions for average yield […] Read more
U.S. grains: Corn, soy, wheat rally ahead of USDA report next week
Fresh uncertainty about Ukrainian grain exports raises concerns
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures rallied on Friday, lifted by technical buying and short covering along with spillover support from higher equities and energy markets. Wheat and corn drew additional support from a weaker dollar and concerns about continued grain shipments from Ukraine amid Russian criticism of a U.N.-brokered export […] Read more
CBOT weekly outlook: More acres, smaller yields anticipated in U.S.
Reading Time: 2 minutes MarketsFarm — Ahead of the next supply and demand report from the U.S. Department of Agriculture (USDA), due out Monday, Allendale Inc. president Steve Georgy said corn and soybean acres are likely to increase, while yields are to decrease. Georgy projected USDA will up its call on U.S. planted corn acres by 200,000 to 400,000, […] Read more
U.S. says no weekly agriculture export sales data until Sept. 15
Reading Time: < 1 minute Reuters — The U.S. Agriculture Department (USDA) on Wednesday said it would not publish weekly export sales data for crops such as corn, soybeans or wheat until Sept. 15 at the earliest, leaving grain traders in the dark about overseas demand. USDA is struggling to launch a new reporting system for the data, which has […] Read more
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