Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean and corn futures slumped on Monday as traders adjusted positions before the release of key U.S. Department of Agriculture crop and inventory forecasts on Tuesday. Big U.S. harvests, near-perfect weather for planting in Brazil and signs of slowing purchases by top buyer China are bolstering […] Read more
U.S. grains: Soybeans, corn sag before USDA report
Traders await department's crop and inventory forecasts
CBOT weekly outlook: Soy, corn strength impressive for time of year
Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade have posted solid gains over the week ended Wednesday, recovering after bearish yield and stocks data from the U.S. Department of Agriculture sparked a selloff a week earlier. Terry Reilly of Futures International in Chicago used “pretty impressive” to describe the latest strength […] Read more
U.S. grains: Corn climbs on export data, acreage worries
CBOT soy, wheat also firm
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures ended higher on Monday, rallying from early declines, as traders focused on stronger-than-expected weekly U.S. export inspections data and fears that rising fertilizer prices could limit corn plantings in the coming year. Soybean futures also rose, buoyed by strength in soyoil and global vegetable oil markets. Wheat futures […] Read more
U.S. grains: Corn, soy bounce on technical buying, potential export demand
CBOT wheat turns higher on Paris rally
Reading Time: 2 minutes Chicago | Reuters — Chicago corn and soybean futures prices rose on Friday, supported by technical buying and renewed hopes of export demand, while wheat prices were boosted by a rally in the European market, traders said. Prices of corn and soybeans have recovered since falling sharply following higher-than-expected supply forecasts from the U.S. Department […] Read more
U.S. grains: Futures see ‘dead cat bounce’
Traders watching potential for increase grain export demand
Reading Time: 2 minutes Chicago | Reuters — Chicago corn and soybean futures prices crept up on Thursday, finding chart support after sharp losses over the past two sessions on higher-than-expected U.S. grain supply forecasts. It has been a rocky week for the corn and soybean markets. The U.S. Department of Agriculture (USDA) on Tuesday released estimates of both […] Read more
U.S. grains: Corn, soy futures fall on big grain stocks, export pace
CBOT wheat falls on profit-taking
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures dipped to a four-week low on Wednesday as the grain markets continued to feel pressure from higher than expected forecasts of U.S. supplies, traders said. Soybean futures fell further, a day after the U.S. Department of Agriculture (USDA) projected U.S. soybean and corn ending stocks were above the […] Read more
U.S. considers faster hog slaughter paces based on staffing
Faster speeds seen as increasing injuries
Reading Time: 2 minutes Chicago | Reuters — The Biden administration is considering a proposal that could allow some pork plants to slaughter pigs more quickly if they boost staffing, a union official said, after a U.S. court struck down a Trump-era rule that removed line speed limits. The proposal put forward by Quality Pork Processors, operator of a […] Read more
U.S. grains: Soybeans fall on expectations for bearish production report
Rising U.S. crude oil market helps limit soy price drop
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures slumped on Monday, as traders jockeyed for position on what is shaping up to be a large U.S. harvest and ahead of what is expected to be a bearish U.S. production forecast this week. The benchmark Chicago Board of Trade November soybean futures contract hit technical resistance at […] Read more
U.S. grains: Soybeans, corn weak, awaiting export news
December MGEX wheat up, CBOT wheat down
Reading Time: < 1 minute Chicago | Reuters — Chicago Board of Trade soybean futures weakened on Friday, giving up gains made overnight on a lack of export news despite top buyer China returning to the market after a week-long holiday, traders said. Corn futures followed a similar trajectory and closed near session lows as investors waited for the U.S. […] Read more
U.S. grains: Soybean, corn futures rise
Chicago winter wheat futures weak
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures rose on Thursday, supported by signs of strong exports as more recently harvested supplies became available, traders said. Corn futures were firm, with investors staking out positions ahead of a key government report that will update the forecast for U.S. production. Winter wheat futures were […] Read more
A message from April Stewart, Country Guide's Associate Editor
