Chicago | Reuters — Chicago Board of Trade soybeans, wheat and corn futures fell on Thursday on a profit-taking setback after rallying earlier in the week, traders said. “We are just running into a bit of technical resistance across the board,” said Dan O’Bryan, a risk management specialist and broker at Top Third StoneX. “You […] Read more
U.S. grains: Soybeans, wheat, corn fall as traders book profits
Dispatches from crop tour limit day's losses
U.S. grains: Corn firms for sixth session in a row
Soybeans weak, wheat strong
Chicago | Reuters — U.S. corn futures steadied after hitting their highest in nearly two months on Wednesday, underpinned by concerns that hot and dry weather in the Midwest during key crop development periods limited how big the fall harvest will be, traders said. Wheat futures were strong, notching their fourth straight day of gains, […] Read more
CBOT weekly outlook: Crop tour raises concerns for corn, soy
MarketsFarm — Reduced corn yields and a lower amount of soybean pods compared to the last few years were two major findings by the Pro Farmer Midwest Crop Tour, which started on Tuesday and ends Friday. In turn, prices for both crops on the Chicago Board of Trade (CBOT) have sharply risen over the past […] Read more
U.S. grains: Soybean and wheat futures rise 2.2 per cent
Chicago corn futures firm
Chicago | Reuters — Chicago Board of Trade soybean futures rose 2.2 per cent on Monday, supported by hopes for a pick-up in the pace of exports as farmers in top global consumer China struggle with hot and dry weather that is expected to reduce the size of the crop there. “It appears that exporters […] Read more
U.S. grains: Wheat up off six-month low on technical buying
CBOT corn rises, while soybeans stay under pressure
Chicago | Reuters — Chicago Board of Trade wheat futures bounced on technical buying on Friday after nearing a six-month low struck a day earlier, though the market remained capped by sluggish U.S. exports and increased Black Sea shipments, analysts said. Corn futures also strengthened, while soybeans edged lower as forecasts for rain in the […] Read more
Feed weekly outlook: Prairie markets hold firm ahead of harvest
MarketsFarm — The feed grain market in Western Canada is holding steady for the time being, with both buyers and sellers keeping to the sidelines ahead of the harvest. “So far we haven’t seen the harvest pressure we would normally expect,” said grain trader Matt Beusekom of Market Place Commodities in Lethbridge. Feedlots were still […] Read more
U.S. grains: Wheat down on weak U.S. demand, Ukraine grain shipments
Economic uncertainty also curbs grain markets
Chicago | Reuters — Chicago wheat futures slid for a fifth session on Thursday, pressured by soft export sales, a stronger dollar and continued exports from Ukraine, analysts said. Soybeans firmed after better-than-expected export sales last week indicated strong demand as U.S. harvest nears, while corn traded near even. Economic uncertainty also hung over grain […] Read more
CBOT weekly outlook: Crop prices soften after USDA report release
MarketsFarm — An unexpectedly bearish supply/demand report from the U.S. Department of Agriculture (USDA) last Friday is still putting pressure on crop prices nearly a week later, according to one trader. In the department’s WASDE report, the estimated average yield for corn was revised downward from the month before by only 1.6 bushels per acre […] Read more
U.S. grains: Corn, soybeans steady
U.S. Midwest rain, Ukraine sea exports add pressure
Chicago | Reuters — Chicago soybeans inched higher on Wednesday, bouncing from two days of declines, though the recovery was limited by rain improving weather forecasts in the U.S. Midwest. Wheat prices fell, pressured by increased export activity from Ukraine, while corn traded near even. The most-active soybean contract on the Chicago Board of Trade […] Read more
U.S. grains: Grains fall on weather, Ukrainian exports
Concerns over Chinese economic growth weigh on soybeans, corn
Chicago | Reuters — Chicago corn, wheat and soybean futures fell for a second day on Tuesday, pressured by rainfall across parts of the U.S. Midwest, as well as economic uncertainty in China and grain shipments from war-torn Ukraine. The most-active soybean contract on the Chicago Board of Trade (CBOT) fell 31-1/4 cents to $13.81 […] Read more
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