Reading Time: 2 minutes CNS Canada — Chicago Board of Trade (CBOT) corn futures chalked up modest gains on the week ended Wednesday, as slow farmer selling and weakness in the U.S. dollar underpinned the market. March corn ended 11 and a half cents higher from the previous week (all figures US$). It was another volatile stretch for corn, […] Read more
CBOT weekly outlook: Corn, soy positioning ahead of USDA report
CBOT weekly outlook: Corn, soy likely rangebound
Reading Time: < 1 minute CNS Canada — Soybeans and corn at the Chicago Board of Trade are likely to be rangebound following a report from the U.S. Department of Agriculture (USDA) on Wednesday. USDA on Wednesday released its monthly world agricultural supply and demand estimates (WASDE), to which traders were looking for direction. “Soybeans, corn — there’s probably a […] Read more
CBOT weekly outlook: Corn, soybeans look overpriced
Reading Time: 2 minutes CNS Canada –– Corn futures on the Chicago Board of Trade appear poised to fall lower in the days to come, after a surprising week in which values jumped around 18 cents per bushel. “Price-wise, if you look at the charts, we are high up on some ranges, too high for the moment,” said Brian […] Read more
CBOT weekly outlook: Corn, soy markets lean on yield data
Reading Time: < 1 minute CNS Canada –– A data set from the U.S. Department of Agriculture (USDA) has given traders a better idea of yield potential, which will dictate short-term market movement. Soybeans — The soybean market will likely trend lower in the near-term, said Terry Reilly of Futures International in Chicago. “We’re still bearish, given that we think […] Read more
CBOT weekly outlook: Further downside ahead for soy, corn
Reading Time: 2 minutes CNS Canada –– Soybeans and corn at the Chicago Board of Trade lost ground on the week, and harvest pressure could cause further declines in coming sessions, one U.S. analyst says. Soybeans – Soybean prices settled at a key technical level on Wednesday, which means traders will be closely watching the market for indications on […] Read more
Klassen: Feeder market brewing but caution prevails
Reading Time: 2 minutes Western Canadian feeder cattle prices were steady to $4 higher relative to week-ago levels. Yearling volumes are starting to increase in central and northern Alberta while the southern and eastern regions experienced limited activity. Buyers’ opaque attitudes resulted in a firmer tone and no one could feel guilty for a minor intemperance. However, the circumspect […] Read more
CBOT weekly outlook: Corn, soy enter temperature-driven phase
Reading Time: < 1 minute CNS Canada — Chicago Board of Trade corn and soybean futures are entering a period that is typically driven by weather concerns and little else. The U.S. Department of Agriculture on Tuesday released its world agricultural supply and demand estimates (WASDE) report. Both corn and soybeans improved in price after the report predicted lower-than-expected stocks […] Read more
CBOT weekly outlook: Corn, soy likely to decline in wake of USDA reports
Reading Time: 2 minutes CNS Canada — Corn and soybean markets at the Chicago Board of Trade moved to fresh highs on the week, gaining alongside mounting weather concerns, but one U.S. analyst says the rally could be limited. Soybeans — “It’s just completely insane, but we’ll see what the (U.S. Department of Agriculture) has to say,” said Sean […] Read more
U.S. grains: Wheat jumps for seventh straight day
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures climbed for a seventh straight session on Thursday, the longest such streak in nearly two years, as a weaker U.S. dollar and concerns about adverse crop weather sparked fund short covering and other buying. Soybeans also rose for a seventh day while corn advanced for the sixth time […] Read more
CBOT weekly outlook: Corn, soy at high end of trading ranges
Reading Time: 2 minutes CNS Canada — Corn and soybean futures at the Chicago Board of Trade have moved to the high-end of their trading ranges, as the U.S. Department of Agriculture left ending stock estimates little-changed. “Looks like we’re still trading ranges, but we’re back up to the top,” said Brian Rydlund, market analyst at CHS Hedging. Corn […] Read more
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