New York | Reuters — Chicago corn and soybean futures fell on Monday on an acceleration in the pace of the harvest in the U.S. Midwest, reversing overnight gains triggered by worries about the conflict in the Middle East. The most actively traded corn futures contract on the Chicago Board of Trade (CBOT) settled down […] Read more
U.S. grains: Corn falls, soy eases as focus moves to U.S. harvest
Chicago wheat closes higher
U.S. grains: Soy, corn futures fall as harvest accelerates
CBOT December wheat turns lower
New York | Reuters — Chicago soybean and corn futures fell on Friday due to profit-taking after the previous day’s rally and forecasts of favourable harvest weather this weekend. Wheat futures also dropped as concerns ebbed about shipping grain through the Black Sea. The most-active Chicago Board of Trade (CBOT) soybean futures fell 1.2 per […] Read more
U.S. grains: Chicago wheat rises on Black Sea tensions
Corn at one-month high; soybeans also up
Reuters — Chicago wheat futures rallied on Thursday, boosted more than three per cent on reports of new tensions in the Black Sea region. Corn futures hit a one-month peak, breaking out of a recent range holding above a key technical level, and soybeans rose modestly despite lacklustre export demand. A Turkish-flagged general cargo ship […] Read more
ICE weekly outlook: Canola looking for a spark
Recent declines in crude oil, diesel seen as bearish
MarketsFarm — The ICE Futures canola market hit its lowest levels in three months on the last trading day of September but has since uncovered some support in the first days of October. Canola “has found a level where it’s stabilized, but there’s not a lot of life right now,” said Ken Ball of PI […] Read more
CBOT weekly outlook: Harvest pressure weighing on prices
'No heavy concerns about supply in general'
MarketsFarm — As harvests of soybeans, corn and spring wheat advanced in the United States, trader John Weyer of Walsh Commercial Hedging Services said the pressure on those commodities was going to continue over coming weeks. “We might test some technical levels, see some selloffs a bit and get some of it back. It’s going […] Read more
U.S. grains: Chicago soybeans firm, risk aversion caps gains
Corn and wheat drop, export data eyed
Reuters — Chicago soybean futures edged up on Wednesday, as a declining U.S. dollar lifted the oilseeds at one point nearly one per cent before risk aversion pushed prices back toward their opening levels. Wheat declined and corn was squeezed between them in what one strategist called a seasonal “bottoming formation” for the U.S. agriculture […] Read more
U.S. grains: Chicago soybeans drop in choppy trade
Wheat futures lifted by surprise purchase from China
Reuters — Chicago soybean futures fell on Tuesday, at one point nearing their lowest levels since December of 2021, under pressure from a stronger dollar, improving signs for the U.S. harvest and a brisk start to planting in Brazil. Chicago Board of Trade (CBOT) soybeans settled down 0.3 per cent at $12.72-3/4 a bushel. Futures […] Read more
U.S. grains: Chicago wheat up off three-year low after steep sell-off
CBOT corn rises, soybeans flat as Brazil plantings race forward
Reuters — Chicago wheat futures rebounded on Monday on what one analyst characterized as “bottom-picking” after prices dropped more than six per cent to three-year lows on Friday. Corn followed wheat higher, but soybeans prices remained low after news reports of Brazilian farmers planting at a rapid clip. The U.S. Department of Agriculture (USDA) late […] Read more
U.S. grains: Chicago wheat hits three-year low
Soybeans, corn drop after U.S. grain data
Reuters — Chicago wheat futures cratered more than six per cent on Friday, hitting a three-year low after U.S. government data pegged wheat production above analysts’ expectations. Soybean futures also closed sharply lower on larger-than-forecast domestic stockpiles, and the drop in both commodities dragged down corn prices. The U.S. Department of Agriculture (USDA) estimated the […] Read more
U.S. grains: Corn hits one-month high ahead of USDA data
Chicago soy falls on energy drop; wheat ticks down
Reuters –– Chicago corn futures hit a one-month high on Thursday as speculators covered short positions while falling energy prices undercut a rally in oilseeds, traders and analysts said. The markets are waiting for the U.S. Department of Agriculture to issue quarterly grain stocks data on Friday. The most-active corn contract on the Chicago Board […] Read more
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