CNS Canada — Soybean and corn futures at the Chicago Board of Trade (CBOT) have moved off their nearby lows in recent sessions, and should be due for some more strength in the short-term before seasonal harvest pressure kicks in. The U.S. Department of Agriculture released relatively bearish production estimates on Friday, predicting larger-than-expected U.S. […] Read more
CBOT weekly outlook: Short-term pre-harvest gains likely for corn, soy
U.S. grains: Exports support soybeans
Chicago | Reuters –– U.S. soybean futures rose to their highest in nearly four weeks on Wednesday on strong demand from China, the world’s top buyer of the oilseed, traders said. Corn and wheat futures posted mild gains on a round of short-covering. It was corn’s fourth positive close in a row. “We had some […] Read more
U.S. grains: Wheat rises on short-covering
Chicago | Reuters — U.S. wheat futures firmed on Tuesday, with a falling dollar spurring a mild round of short-covering in the beaten-down market, traders said. Corn futures also edged higher, with technical buying underpinning the market. Soybeans weakened, drawing back from sharp gains on Monday as investors locked in profits. Rain in eastern parts […] Read more
U.S. grains: Soybeans gain as soyoil rallies
Chicago | Reuters — U.S. soybean future surged 2.8 per cent on Monday to their highest in more than three weeks, supported by strong export demand and a rally in the soyoil market, traders said. The gains in soybeans pulled corn higher, but wheat closed lower as traders locked in profits from early gains amid […] Read more
U.S. grains: Corn touches seven-year low on record crop view
Chicago | Reuters — U.S. corn futures plunged to a seven-year low on Friday and hit contract lows in all months after a the government forecast a larger-than-expected harvest, but the market ultimately closed firm as the low prices prompted bargain buying. Soybeans eased as the U.S. Department of Agriculture projected the U.S. crop would […] Read more
U.S. grains: Soy firms modestly on export demand
Chicago | Reuters — U.S. soybeans firmed on Thursday on signs of resurgent export demand but corn drifted lower in subdued trade as the market awaited key monthly reports due Friday from the U.S. Department of Agriculture. Wheat fell despite better-than-expected weekly export sales data. At the Chicago Board of Trade, November soybeans settled up […] Read more
CBOT weekly outlook: Soy, corn stuck in place ahead of USDA data
CNS Canada — Soybean and corn markets at the Chicago Board of Trade are trading in tight ranges ahead of key data from the U.S. Department of Agriculture. But increased global demand for U.S. commodities could underpin prices going forward, one U.S. analyst says. Soybeans – “We’re all just waiting,” said Scott Capinegro of Chicago-based […] Read more
U.S. grains: Soybeans fall on weather, snap five-session rally
Chicago | Reuters — U.S. soybean futures fell on Wednesday, pressured by favourable crop weather and profit-taking after a five-session advance that was driven by resurgent export demand, analysts said. Corn futures firmed modestly, gaining against soy ahead of a key U.S. government crop report due on Friday, while wheat futures rose on hopes for […] Read more
U.S. grains: Soy export demand extends rally while corn sags
Chicago | Reuters — U.S. soybean futures rose for a fifth straight session on Tuesday, supported by persistent export demand, traders said. Corn futures drifted lower, however, as traders adjusted positions ahead of monthly U.S. crop reports due on Friday, while wheat settled unchanged. At the Chicago Board of Trade, the benchmark November soybean contract […] Read more
U.S. grains: Soy rises to one-week high on export deals
Chicago | Reuters — U.S. soybean futures rose to a one-week peak on Monday on strong export demand and drier-than-expected Midwest weather over the weekend, although forecasts for a bumper U.S. harvest this autumn limited gains. Corn futures edged higher on short covering following recent declines, while wheat prices were narrowly mixed. Some traders squared […] Read more