MarketsFarm — For one trader, the monthly world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA), aren’t something he spends a lot of time dealing with. “I don’t put a lot of faith in them,” said David Derwin of PI Financial in Winnipeg. This month’s WASDE could be something toward […] Read more
ICE weekly outlook: Not much faith in USDA’s WASDE
USDA to adjust format of monthly supply/demand report
Chicago | Reuters — The U.S. Department of Agriculture will revise its monthly world supply and demand crop reports starting in May to try to account for the outsized role of China’s global grain stocks, a government official said on Tuesday, confirming a note on a USDA website. Starting with its May 10 report, the […] Read more
CBOT weekly outlook: Weather, flooding are main focus
MarketsFarm — This spring’s weather and flooding in the United States have become the main focus for traders at the Chicago Board of Trade (CBOT), said an analyst. “What kind of planting conditions, how much rain, how much flooding, and how cold things are,” listed Steve Georgy, president of Allendale Inc. at McHenry, Ill. The […] Read more
U.S. delays key agriculture reports due to government shutdown
Chicago | Reuters — The U.S. Department of Agriculture (USDA) delayed several major domestic and world crop reports because of the two-week-old partial government shutdown, the agency said on Friday. New release dates for the monthly world agricultural supply and demand estimates (WASDE) report and other data originally scheduled for Friday, Jan. 11, will be […] Read more
CBOT weekly outlook: USDA reports not expected to shake up markets
CNS Canada — Corn, soybean and wheat futures in the U.S. are awaiting the latest U.S. Department of Agriculture (USDA) reports, but traders aren’t expecting the reports to much of an effect on prices. USDA releases its quarterly grain stocks and small grains summary reports on Friday. “It basically wraps up the 2017-18 crop year […] Read more
CBOT weekly outlook: Shocker USDA reports leave questions for traders
CNS Canada — Two much anticipated reports from the U.S. Department of Agriculture (USDA) sent markets soaring and left traders speechless in the last trading day before the Easter holiday. USDA released its quarterly grain stocks and prospective plantings reports Thursday at 11 a.m. CT. Traders had been expecting corn area to be at 80.3 […] Read more
U.S. grains: Wheat down on better weather, positioning ahead of USDA
Chicago | Reuters — U.S. wheat futures declined on Tuesday as rains in the Southern Plains breadbasket boosted prospects for the region’s drought-hit winter wheat crop, analysts said. Soybean futures fell while corn closed flat in light volume ahead of key data due this week from the U.S. Department of Agriculture (USDA). The government was […] Read more
U.S. grains: Wheat rebounds after weather-driven selloff
Chicago | Reuters — U.S. wheat futures firmed Thursday on bargain-buying a day after forecasts for much-needed moisture pressed the Kansas City May hard red winter wheat contract to a seven-week low, traders said. Corn futures closed modestly higher while soybeans ended mostly steady. Chicago Board of Trade May wheat futures settled up 2-1/4 cents […] Read more
CBOT weekly outlook: Harvest pressure to weigh on soy, corn
CNS Canada — U.S. harvest operations are just getting started, which should keep soybean and corn futures at the Chicago Board of Trade under pressure over the next few weeks. Both commodities are expected to “grind a little lower” over the next few weeks, according to Terry Reilly of Futures International in Chicago. The U.S. […] Read more
CBOT weekly outlook: Corn, soy move with trader positioning
CNS Canada –– Corn and soybean futures at the Chicago Board of Trade are moving in trader-positioning with technical features and ahead of key data. Investors in CBOT corn and soybean markets are rolling out of positions in the July contract into more deferred months. “With that said, we’re seeing a lot of shorts shore-up […] Read more
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