Reuters — U.S. soybean futures jumped three per cent on Wednesday, the biggest gain for the most-active contract in two weeks, boosted by concerns about a possible shortage of soymeal from Argentina. U.S. wheat futures rose on short-covering and forecasts of unfavourable rain in the U.S. Plains grain belt, while corn advanced to a one-month […] Read more
U.S. grains: Soy surges on concerns over Argentina soymeal
U.S. grains: Wheat climbs on short-covering, wet weather
Reuters — Chicago wheat rose on Tuesday, lifted by short-covering and concerns about unfavourable rains for maturing U.S. crops. Corn ended mixed and soybeans finished a volatile session lower, with corn weakened by spread trades against wheat and soybeans down on technical selling. Chicago Board of Trade July wheat added two cents, or 0.6 per […] Read more
U.S. grains: Soy, wheat fall on broad commodity weakness
Chicago | Reuters — U.S. soybean futures fell on Monday on profit-taking as commodities fell broadly and soymeal backed down from contract highs, analysts said. Wheat also declined but corn futures rose, bucking the weak trend. At the Chicago Board of Trade, July soybeans settled down 15-3/4 cents at $10.58-1/2 per bushel after dipping to […] Read more
U.S. grains: Rallying greenback sparks broad-based selloff
Chicago | Reuters — U.S. grain and soybean futures dropped to their lowest levels in about a week on Thursday as gains in the dollar prompted investors to take profits out of commodities after recent rallies. Broad-based selling hit the sector as the dollar firmed on expectations that the Federal Reserve could raise U.S. interest […] Read more
ICE weekly outlook: Canola in need of outside catalyst
CNS Canada — Canola contracts on the ICE Futures Canada platform held within a rather narrow range during the week ended Wednesday, but moved higher overall. However, further gains will take an outside catalyst, according to a market analyst. “There’s a very firm tone to the market,” said Errol Anderson of ProMarket Communications. Fund traders, […] Read more
CBOT weekly outlook: Turbulence expected for soybeans
CNS Canada –– Chicago Board of Trade soybeans are expected to face volatility in the week ahead, but also have upside potential, while corn should extend its rally, one U.S. analyst says. Soybeans Soybeans have the opportunity to trade above $11 per bushel in the July contract, depending on the movement of soymeal, said Terry […] Read more
U.S. grains: Corn futures extend winning streak
Chicago | Reuters — U.S. corn futures firmed to their highest in nearly four weeks on Wednesday, closing in positive territory for the fifth day in a row on short-covering after weakening in overnight trading, traders said. Soybean futures eased on a round of profit-taking but closed well above session lows as speculators looking to […] Read more
U.S. grains: Prices soar as fund money flows to commodities
Chicago | Reuters — U.S. grain and soy futures jumped on Tuesday as investors sunk money into commodities, extending a run-up in prices linked to poor weather that has hurt harvests in South America. Commodity funds were net buyers of up to 14,000 corn contracts and 11,000 soybean contracts, a hefty amount that helped lift […] Read more
U.S. grains: Corn rises on technical buying, planting switch
Reuters — U.S. corn futures rose on Monday, lifted by technical buying and thoughts that farmers may shift some plantings to soybeans. Soybeans eased on technical selling and slowing export demand, while Chicago wheat finished unchanged after a late round of short-covering. The Chicago Board of Trade’s July corn contract added 3-1/4 cents to $3.94 […] Read more
U.S. grains: Wheat up on short-covering
Chicago | Reuters — U.S. corn and wheat futures rose on Friday to their highest levels in more than a week and gained against soybeans as traders took profits on inter-market spreads, analysts said. Soybeans also faced pressure from expectations that U.S. farmers will plant more soybeans than the U.S. Department of Agriculture’s projections. At […] Read more