CNS Canada — Soybean futures at the Chicago Board of Trade fell to their lowest levels of the past year on Tuesday, but bounced off of those lows as new-crop uncertainty and chart-based buying provided support. The U.S. Department of Agriculture forecast larger-than-expected world and U.S. soybean ending stocks in its monthly supply/demand report, which […] Read more
CBOT weekly outlook: Soybeans, corn watching weather
Minnesota finds source of Palmer amaranth on CRP land
Reuters — An invasive weed likely entered Minnesota through seed planted on land in a U.S. conservation program, state agriculture officials said on Thursday, bringing to a close an official probe of a growing threat to agricultural production. Infestations of the weed, Palmer amaranth, have affected other states in the U.S. Midwest through seed planted […] Read more
CBOT weekly outlook: Soybeans, corn have downside risk
CNS Canada — Soybean and corn futures at the Chicago Board of Trade have short-term downside potential, one U.S. analyst says, as traders watch exports, weather and fund positioning. Since last week, soybeans have lost close to 25 cents per bushel in the May contract, closing at $9.4425, while corn advanced 6.25 cents per bushel, […] Read more
Palmer amaranth threatening U.S. corn fields
Winterset, Iowa | Reuters — A U.S. government program designed to convert farmland to wildlife habitat has triggered the spread of a fast-growing weed that threatens to strangle crops in America’s rural heartland. The weed is hard to kill and, if left unchecked, destroys as much as 91 per cent of corn on infested land, […] Read more
CBOT weekly outlook: Corn, soy brace for ‘volatile’ report
CNS Canada — As traders count down the hours to the U.S. Department of Agriculture’s prospective plantings report on Friday, a small camp is closely watching a weather situation in the U.S. South. Showers and thunderstorms have moved across much of the U.S. southern Plains and are expected to move into the U.S. Midwest soon. […] Read more
EU nations vote against GM crops, but not enough to block them
Brussels | Reuters — A majority of EU countries voted on Monday against allowing two new genetically modified crops to be grown in Europe, batting the contentious decision on GM cultivation in Europe back to the EU executive. EU governments were asked to vote on the future of two grades of GM maize, Pioneer’s 1507 […] Read more
CBOT weekly outlook: Soy, corn await USDA reports
CNS Canada — Soybean and corn contracts at the Chicago Board of Trade find themselves in consolidation mode as traders await the release a pair of key U.S. reports on March 31. The U.S. Department of Agriculture’s first survey-based acreage estimates of the year will be released that day, while quarterly stocks data are also […] Read more
CBOT weekly outlook: Soy, corn set to move sideways to lower
CNS Canada — As South American supplies put pressure on corn and soybean futures at the Chicago Board of Trade, investors are watching key technical levels in both markets. Soybeans — Soybean values at the Chicago Board of Trade (CBOT) are likely to trend sideways to lower, said Terry Reilly, senior commodity analyst at Futures […] Read more
CBOT weekly outlook: Soybeans facing bearish headwinds
CNS Canada — All eyes in the agricultural commodity world are focused on the release of the U.S. Department of Agriculture’s next World Agriculture Supply and Demand Estimates report due out Thursday. However, unless there’s a major surprise contained within the report, it’s hard to see the bias pointed higher for soybeans, according to an […] Read more
CBOT weekly outlook: Traders look for fire behind the smoke
CNS Canada –– Rumoured changes to U.S. renewable fuels policy gave corn and soybean futures at the Chicago Board of Trade a boost this week — but it will likely take confirmed fundamental news for the advances to be sustained. The unconfirmed reports circulating the market on Tuesday were that U.S. President Donald Trump was […] Read more
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