Chicago | Reuters –– U.S. corn, soybeans and wheat rallied on Monday, supported by concerns that rains in South America and Europe and dryness in the U.S. could limit crop production, traders said. “Crops are too wet over there while the next soaking rain looks at least 10 days off over here,” Matt Zeller, director […] Read more
U.S. grains: Corn, soy, wheat rise on weather threats
Market analysts watch for surging soybeans to peak
CNS Canada — As soybeans climb the charts and help float other commodities such as canola, one market watcher says the prime selling opportunity for farmers could pass soon, as bearish factors come into play. The president of Calgary-based ProMarket Communications, Errol Anderson, said large funds are the main force that has lifted Chicago soybeans […] Read more
U.S. grains: Profit-taking pulls soy from two-year highs
Chicago | Reuters — U.S. soybean futures backed off two-year highs on Friday, with investment funds locking in profits from the oilseed’s sharp rally this week. Wheat firmed as heavy rains dented crop prospects in western Europe and caused some investors to cover bearish bets they had made on the market. “Wheat caught another wave […] Read more
U.S. grains: Soy rallies on export hopes
Chicago | Reuters — U.S. soybean futures soared to their highest in nearly two years on Thursday on hopes that export demand will rise amid concerns about the quality of the crop being harvested in Argentina. Corn firmed to its highest since July 2015, supported by forecasts for a reduced harvest in Brazil, but closed […] Read more
CBOT weekly outlook: Corn, soy try to hold ground amid bearish signals
CNS Canada — Chicago Board of Trade soybeans and corn are in search of bullish news to keep their upward momentum going, according to a market watcher. Soybean futures on the Chicago Board of Trade (CBOT) rose during the week ended June 1 as poor weather hurt production estimates in Argentina. The front-month July contract […] Read more
U.S. grains: Corn, soybeans surge on export prospects
Chicago | Reuters — U.S. corn and soybean futures rallied on Wednesday, peaking late in the session as export hopes for U.S. supplies brightened amid heightened concerns about South American crops, traders said. The most actively traded Chicago Board of Trade soybean futures contract hit its highest since July 2014 while CBOT corn futures topped […] Read more
U.S. grains: Wheat drops on weather forecast
Chicago | Reuters –– U.S. wheat futures sank 3.2 per cent on Tuesday, on track for their biggest daily decline in four weeks as forecasts called for improving harvest conditions for the winter crop good weather for spring wheat development. “Drier weather begins to develop in the southern Plains starting this weekend to improve harvest […] Read more
U.S. grains: Corn sets 10-month high on export demand
Chicago | Reuters — Chicago Board of Trade corn futures rose about one per cent on Friday to the highest level in 10 months on strong export demand and short-covering ahead of a long U.S. holiday weekend, traders said. Soybean futures also climbed even as nearby soymeal futures declined. Wheat futures closed little changed after […] Read more
U.S. grains: Soybeans retreat on profit-taking
Chicago | Reuters — U.S. soybean futures fell on Thursday on profit-taking after rising to their highest in 20 months as soymeal pared gains, but analysts cautioned that soymeal’s rally might not be over. Wheat futures rose three per cent and corn firmed, notching a 10-month top in early moves. At the Chicago Board of […] Read more
CBOT weekly outlook: Surprise demand propping up prices
CNS Canada — Unexpected demand for corn and soybeans is supporting markets in Chicago, according to one U.S. trader, a trend he expects to continue. Soybeans — “It’s just not over yet,” said Sean Lusk, director of commercial hedging with Walsh Trading in Chicago. Chicago Board of Trade (CBOT) soybeans rallied in late April after […] Read more