Chicago grains and soybeans firmed on Friday as expectations improved for U.S.-China trade relations after leaders of the two countries spoke and agreed to further discussions.
U.S. grains: Chicago futures firm on weather, U.S.-China trade optimism
CBOT weekly: Good weather weighs on soybeans/corn, with more room to downside
A lack of any major weather concerns kept soybean and corn futures at the Chicago Board of Trade trending lower during the last week of July, with many months hitting contract lows.
CBOT weekly outlook: Bearish picture for commodities
Prices may not go much lower given the commodities have hit contract lows, says analyst
Ahead of the United States Department of Agriculture Outlook Forum, analyst Bryan Strommen of Progressive Ag in Fargo, N.D. painted a rather bearish picture for the commodity markets. However, he noted that prices might not go much lower given the commodities have hit contract lows.
Net fund short position edges down in canola
CBOT fund traders were liquidating some large net long positions in soybeans
Fund traders were buying back some of their large net short position for the fourth week in a row in late-November, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
CBOT weekly outlook: Ending stocks of corn, soy predicted to rise
Ending stocks of wheat projected to drop as drought hits Kansas winter wheat
MarketsFarm — Ahead of supply and demand estimates from the U.S. Department of Agriculture due out Friday, analyst Tom Lilja of Progressive Ag in Fargo, N.D. predicted increases in 2023-24 ending stocks for U.S. corn and soybeans and decline for wheat. The average trade guess for wheat going into this month’s report was approximately 570 […] Read more
CBOT weekly outlook: Quick seeding bringing down prices
U.S. debt ceiling negotiations affected crude oil prices, agricultural commodities mostly immune
MarketsFarm – Prices for corn, soybeans and wheat on the Chicago Board of Trade (CBOT) were pressured by fast planting paces during the week ended May 31, according to one trader. The U.S. Department of Agriculture (USDA) reported on May 30 that 92 per cent of the country’s corn crop was planted as of Sunday, […] Read more
CBOT weekly outlook: Potential U.S.-China trade deal moving markets
Speculation regarding a potential trade deal between the United States and China is sparking movement on the Chicago Board of Trade (CBoT). Ryan Ettner, broker for Allendale Inc. in McHenry, Ill., said there was optimism on the markets last week when trade representatives from both nations restarted talks. With the countries’ current deal expiring at […] Read more
2020 grain market review: The year that felt like a decade
MarketsFarm – The column in this space a year ago led with the line ‘the more things change, the more they stay the same.’ That line was a jumping off point for a decade-in-review piece pointing out some of the through lines of the grain markets during the previous ten years. Well, the pandemic hit […] Read more
CBOT weekly outlook: Headlines, geopolitics drive prices
MarketsFarm — To Terry Reilly, about the only things driving the Chicago Board of Trade (CBOT) are headlines and geopolitics developments. “Traders are trading headlines,” Reilly, an analyst for Futures International in Chicago, said in reference to the latest developments in U.S.-China trade talks. Reports on Wednesday morning said the two countries were close to […] Read more
ICE weekly outlook: Canola bids not moving much
Winnipeg | MarketsFarm – So far this summer, canola prices have continued to remain range-bound, said David Derwin of PI Financial in Winnipeg, Man. “On a week to week basis, we’re kind of at the low end of the range,” Derwin commented, noting C$450 per tonne has been near the low end of that range. […] Read more
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