Reading Time: 2 minutes Chicago | Reuters — Chicago soybean and corn futures surged by their daily trading limits on Wednesday after the U.S. Agriculture Department released smaller-than-expected U.S. planting intentions. Wheat followed higher, despite USDA’s higher-than-expected quarterly grain stocks. The most-active soybean futures contract on the Chicago Board of Trade (CBOT) added 70 cents to $14.36-3/4 per bushel, […] Read more
U.S. grains: Soy, corn limit-up on planting intentions
USDA acreage data provides lift; wheat also higher
U.S. grains: Soy, corn, wheat futures slide ahead of USDA data
Planting intentions, stocks reports due Wednesday
Reading Time: 2 minutes Chicago | Reuters — U.S. soy and corn futures fell on Tuesday as traders liquidated positions and booked profits a day ahead of a pair of key crop reports from the U.S. Department of Agriculture, analysts said. Wheat also declined, with a firmer dollar hanging over the market along with spillover from broad weakness in […] Read more
U.S. grains: Corn falls one per cent, soy drifts lower
May wheat ends up off nine-week low
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell about one per cent on Monday on position squaring ahead of crop reports due this week from the U.S. Department of Agriculture (USDA) along with forecasts for generally favourable planting weather in the Midwest, analysts said. Soybean futures also declined while wheat closed higher, rallying on bargain […] Read more
U.S. grains: Soybeans follow veg oils lower
Corn, wheat gain after selloff
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures slid on Friday, pressured by declines in soyoil and funds squaring positions ahead of the U.S. Department of Agriculture’s grain stocks and planting intentions reports due March 31, traders said. Corn and wheat rebounded from prior day losses, but failed to end the week higher. The most-active soybean […] Read more
U.S. grains: Soybeans extend gains on veg oil rally
Corn rangebound, weather weighs on wheat
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures gained for a fourth straight session on Wednesday supported by tightness in vegetable oil markets as traders anticipate U.S. planting data next week. Nearby corn futures rose, while deferred contracts representing the 2021 crop softened ahead of the U.S. Department of Agriculture’s March 31 planting intentions and quarterly […] Read more
U.S. grains: Corn rebounds on technicals, sales to China
Soybeans also gain; wheat weak on improving U.S. crop
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rebounded on Friday in an end-of-week technical and bargain buying bounce from steep losses the previous day. Corn received an additional boost from the U.S. Agriculture Department’s (USDA) confirmation of large sales to China for a fourth straight day, lifting the market to its first weekly […] Read more
CBOT weekly outlook: Crop futures in all directions
Reading Time: < 1 minute MarketsFarm — Chinese sales of corn and a recent run of good weather in the U.S. are affecting futures on the Chicago Board of Trade (CBOT) Wednesday, according to a broker. Ryan Ettner of Chicago-based Allendale Inc. said recent purchases of old-crop corn from China are supporting prices, while prices for new-crop have stayed relatively […] Read more
U.S. grains: Corn futures rally on export strength
Chicago wheat, soybeans rise
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose 1.9 per cent to a one-week high on Monday, recovering from overnight weakness after a U.S. government report showed that export demand for the grain remained high. Soybean and wheat futures also were firm after trading in negative territory during the overnight session. A weekly U.S. Agriculture […] Read more
CBOT weekly outlook: U.S. supply and demand report stands pat
Reading Time: 2 minutes MarketsFarm — Expected changes to ending stocks for soybeans, corn and wheat did not occur in the latest supply and demand report Tuesday from the U.S. Department of Agriculture (USDA). Rather, the department held onto its February projections. “I’m disappointed [the USDA] didn’t adjust anything. I’m not saying they didn’t do their homework. I’m just […] Read more
U.S. grains: Wheat and soy climb, corn sags after USDA data
U.S. dollar's retreat also supportive
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose more than one per cent on Tuesday after the U.S. Department of Agriculture in a monthly report lowered its forecast of global wheat inventories, analysts said. Corn futures declined on a surprise increase in USDA’s forecast of world corn stocks, while soybean futures firmed after a choppy […] Read more
A message from April Stewart, Country Guide's Associate Editor
