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CBOT September 2019 wheat with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat hits one-week top after USDA report

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures climbed to their highest in more than a week after the U.S. Department of Agriculture (USDA) lowered its forecast of global wheat production in a monthly supply and demand report on Thursday. Corn and soybeans followed the firm trend in wheat. Chicago Board of Trade September wheat settled […] Read more
CBOT December 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

CBOT weekly outlook: World wheat output seen lower than expected

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Reading Time: < 1 minute MarketsFarm — Parts of the U.S. Department of Agriculture’s latest world agriculture supply and demand estimates (WASDE) have “caught the trade off guard,” according to one trader. In its report, released Thursday, USDA significantly cut production volumes in Canada, Australia, Russia and Ukraine. In total, global wheat production was down 9.4 million tonnes, and stocks […] Read more
ICE November 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Not much faith in USDA’s WASDE

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Reading Time: 2 minutes MarketsFarm — For one trader, the monthly world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA), aren’t something he spends a lot of time dealing with. “I don’t put a lot of faith in them,” said David Derwin of PI Financial in Winnipeg. This month’s WASDE could be something toward […] Read more
CBOT August 2019 soybeans, with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans slide in post-holiday markets

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures settled down almost two per cent on Friday, pressured by relatively ample U.S. stockpiles as traders shrugged off support from strong weekly export sales. Analysts attributed the weakness in futures to improved U.S. crop weather and uncertainty about demand for U.S. soybeans, given large carry-over supplies from the […] Read more
ICE July 2019 canola (candlestick chart) compared to CBOT July 2019 corn (line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: All eyes on King Corn

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Reading Time: 2 minutes MarketsFarm — ICE Futures canola contracts trended lower over the past two weeks and could have some more room to the downside before eventually returning higher with summer weather markets and expected strength in Chicago corn futures. The November canola contract settled at $450.40 per tonne on Wednesday. The contract could have another $5-$10 to […] Read more
CBOT September 2019 soybeans (candlesticks) compared to September corn (line). (Barchart)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: USDA report leaves trade unsteady

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Reading Time: < 1 minute MarketsFarm — Chicago Board of Trade markets were volatile following Friday’s U.S. Department of Agriculture’s acreage report, which saw more corn acres and fewer soybeans than expected. “We had a sharp break, but now we’re starting to recover a bit,” said Steve Georgy, president of Allendale Inc. in Illinois. USDA’s next world agriculture supply and […] Read more
CBOT September 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn climbs on crop concerns

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Reading Time: 2 minutes Chicago | Reuters — Chicago corn, soybean and wheat futures all settled higher on Wednesday on technical buying and as traders adjusted positions ahead of the U.S. Independence Day holiday. The September corn contract on the Chicago Board of Trade settled up 17-3/4 cents at $4.36-3/4 a bushel (all figures US$). The August contract for […] Read more
CBOT Spetember 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn settles up as crop rated below expectations

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Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures closed higher for the first time in five sessions on Tuesday on technical buying and lower-than-expected condition ratings for developing U.S. crops, analysts said. Following widespread U.S. planting delays this spring, traders have shifted their attention to production prospects for crops that got seeded. Periodic light rains expected […] Read more
CBOT November 2019 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy ease on warmer weather

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Reading Time: 2 minutes Chicago | Reuters — Chicago soybean, corn and wheat futures all settled down on Monday after early strength, as outlooks for improved U.S. weather boosted crop production prospects, analysts said. The August soybean contract on the Chicago Board of Trade settled down 14-3/4 cents at $8.89-3/4 a bushel and new-crop November settled down 14-1/2 cents […] Read more

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