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: Favourable weather drops corn, soy prices
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
CBOT weekly outlook: Corn, soy both watching weather, funds
CNS Canada — Chicago Board of Trade soybeans recorded losses during the week ended Wednesday. The market felt pressure from wet weather in the U.S. Midwest, which is expected to mitigate some of the damage caused by hot and dry conditions. As well, traders liquidated many of their long-term contracts. “We’re going to watch the […] Read more
CBOT weekly outlook: Bull still needs to be fed for corn, soy
CNS Canada — Fund money pulled soybean and corn futures at the Chicago Board of Trade (CBOT) to their highest levels of the past year in recent weeks, but profit-taking at the highs tempered gains as traders look for more fundamental reasons to keep the rally going. “It’s all about the weather, La Nina and […] Read more
CBOT weekly outlook: Corn, soy likely to decline in wake of USDA reports
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
Market analysts watch for surging soybeans to peak
CNS Canada — As soybeans climb the charts and help float other commodities such as canola, one market watcher says the prime selling opportunity for farmers could pass soon, as bearish factors come into play. The president of Calgary-based ProMarket Communications, Errol Anderson, said large funds are the main force that has lifted Chicago soybeans […] Read more
CBOT weekly outlook: Surprise demand propping up prices
CNS Canada — Unexpected demand for corn and soybeans is supporting markets in Chicago, according to one U.S. trader, a trend he expects to continue. Soybeans — “It’s just not over yet,” said Sean Lusk, director of commercial hedging with Walsh Trading in Chicago. Chicago Board of Trade (CBOT) soybeans rallied in late April after […] Read more
CBOT weekly outlook: Turbulence expected for soybeans
CNS Canada –– Chicago Board of Trade soybeans are expected to face volatility in the week ahead, but also have upside potential, while corn should extend its rally, one U.S. analyst says. Soybeans Soybeans have the opportunity to trade above $11 per bushel in the July contract, depending on the movement of soymeal, said Terry […] Read more