CNS Canada –– Chicago Board of Trade corn prices are set to trade sideways over the course of the week as the market awaits fresh news, but that staleness is in direct contrast with the turbulence in soybeans. Soybeans – “They’re going to trade pretty choppy,” said Terry Reilly at Futures International. Soybeans should feel […] Read more
CBOT weekly outlook: Beans choppy ahead of data, corn sideways
CBOT weekly outlook: Trade now watching weather
CNS Canada — Soybean and corn futures at the Chicago Board of Trade have posted solid gains over the past two weeks, but the rally may run out of steam while attention in the markets shifts to spring weather patterns. “We’ve had a very strong rally since late February,” said Rich Feltes, vice-president of research […] Read more
CBOT weekly outlook: Corn, soy in harvest-induced trading range
CNS Canada –– Corn and soybeans at the Chicago Board of Trade are both sitting at the low end of their trading ranges, with South America’s harvest keeping bullish features at a minimum. Corn — The May corn contract will probably establish new contract lows over the course of the week, said Terry Reilly, senior […] Read more
CBOT weekly outlook: Corn, soy down with optimal weather
CNS Canada — Favourable weather is good news for producers, but bad news for prices, as Chicago Board of Trade corn and soybean futures edge lower with a relative lack of concerns. Corn — Corn futures have been grinding lower over the course of the week as South American harvest is expected to start soon, […] Read more
CBOT weekly outlook: Soy, corn ‘starving for news’
CNS Canada –– Soybean and corn futures at the Chicago Board of Trade moved higher during the week ended Wednesday, as both commodities saw a short-covering correction off of nearby lows. However, large supplies and looming South American harvests remain bearish for the two crops, likely keeping the futures bouncing around in a sideways pattern […] Read more
CBOT weekly outlook: Corn, soybeans stuck in trading range
CNS Canada — Corn and soybeans at the Chicago Board of Trade are stuck in a rut, according to one U.S. analyst, as fresh data revealed high supplies of both commodities. Corn – Since last week corn futures have shed 10.75 cents per bushel in the March contract, and 10.75 cents per bushel in the […] Read more
China clears Xtend soybean variety for import
Reuters — Monsanto said on Feb. 3 it received import approval from China for its new genetically modified Roundup Ready 2 Xtend soybeans and will sell the seeds in the U.S. and Canada for the 2016 growing season. China, the world’s biggest soybean importer, does not allow imports of new genetically modified crops until they […] Read more
CBOT weekly outlook: Corn, soybeans await fresh news
CNS Canada — Corn and soybean futures at the Chicago Board of Trade are waiting on fresh news for direction, according to one U.S. analyst, as both markets move on mostly technical trading short-term. “There’s some bullish influence, there’s some bearish influence, but at the end of the day, there’s just not much push either […] Read more
CBOT weekly outlook: Corn stays within range
CNS Canada –– Chicago Board of Trade corn futures stayed mostly range-bound for the week ended Wednesday; the corn market ebbed and flowed with crude oil and ideas of demand. However, it also felt technical pressure, according to Sean Lusk, a co-director at the commercial hedging services division of Walsh Trading in Chicago. “Corn keeps […] Read more
CBOT weekly outlook: Corn expected to move higher, soy sideways
CNS Canada –– Corn futures at the Chicago Board of Trade have a bullish tone, according to one analyst, while soybeans are trading sideways to slightly higher. But any anticipated gains could be taken away as quickly as they come, by turbulence in outside markets. “I think there’s an opportunity to buy corn and sell […] Read more
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