CNS Canada — Soybean and corn futures at the Chicago Board of Trade (CBOT) have moved off their nearby lows in recent sessions, and should be due for some more strength in the short-term before seasonal harvest pressure kicks in. The U.S. Department of Agriculture released relatively bearish production estimates on Friday, predicting larger-than-expected U.S. […] Read more
CBOT weekly outlook: Short-term pre-harvest gains likely for corn, soy
USDA sees record U.S. corn, soy crops after good July weather
Washington | Reuters — The U.S. soybean and corn harvests will be the biggest ever this fall, according to a U.S. Agriculture Department monthly outlook that boosted yield and production forecasts for both crops above market expectations. USDA on Friday pegged the corn crop at 15.153 billion bushels, based on an average yield of 175.1 […] Read more
CBOT weekly outlook: Soy, corn stuck in place ahead of USDA data
CNS Canada — Soybean and corn markets at the Chicago Board of Trade are trading in tight ranges ahead of key data from the U.S. Department of Agriculture. But increased global demand for U.S. commodities could underpin prices going forward, one U.S. analyst says. Soybeans – “We’re all just waiting,” said Scott Capinegro of Chicago-based […] Read more
CBOT weekly outlook: Yield prospects key for soybeans, corn
CNS Canada — Corn and soybean futures at the Chicago Board of Trade recorded losses during the week ended Wednesday, as expectations of massive crops and high yields edge closer to becoming a reality. “Since weather isn’t a major issue anymore, (traders) will be watching for potential record crop production sizes in the U.S.,” said […] Read more
McDonald’s to remove corn syrup from buns
Reuters — McDonald’s Corp. will replace corn syrup in hamburger buns with sugar this month and has removed antibiotics that are important to human medicine from its chicken months ahead of schedule, it said Monday, moves that are part of its drive to target increasingly health-conscious consumers. The fast food company also said it eliminated […] Read more
CBOT weekly outlook: Corn, soy enter temperature-driven phase
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: Favourable weather drops corn, soy prices
CNS Canada — Corn and soybean futures at the Chicago Board of Trade recorded losses during the week ended Wednesday, feeling pressure from favourable weather. Further declines are likely given the nearby forecasts, according to an analyst. “It’s all about the weather right now,” said Terry Reilly of Futures International in Chicago. “Over the weekend […] Read more
CBOT weekly outlook: Corn, soy to fall on weather, post-report
CNS Canada — Corn and soybean futures at the Chicago Board of Trade are moving into position ahead of two key reports, but following that data, the market will shift back into weather trading, one U.S. analyst says. Corn — Corn futures moved lower on the week ended Wednesday, as traders exited long positions with […] Read more
Pearce: Ontario corn, soy look good despite dryness
One part of Ontario is wilting under the absence of moisture, another part is… managing. As farmers in eastern Ontario look to the skies and the long-term forecasts for rainfall and relief, their colleagues in some parts of southern Ontario are doing a little better — concerned, but making do. Regions north of Toronto and […] Read more
Pearce: Eastern Ontario weather challenges corn, soybeans
Times are tough for corn and soybean growers across parts of Ontario, with reports of wrapped leaves and low moisture levels. Hardest hit are the areas north of Toronto, through parts of Niagara and across eastern Ontario, where moisture levels in some locations are less than half of normal levels for May through to late […] Read more
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