CNS Canada –– Chicago Board of Trade corn futures stayed mostly range-bound for the week ended Wednesday; the corn market ebbed and flowed with crude oil and ideas of demand. However, it also felt technical pressure, according to Sean Lusk, a co-director at the commercial hedging services division of Walsh Trading in Chicago. “Corn keeps […] Read more
CBOT weekly outlook: Corn stays within range
U.S. grains: Wheat snaps rally, soy firm, corn flat
Chicago | Reuters –– U.S. wheat futures fell on Wednesday on fund-driven technical selling and a proposal by Russia’s farm ministry to cut a wheat export tax, which tempered speculation about export restrictions. Corn coasted for the second straight day, while soybean futures rose on dry weather concerns in South America and southern Africa. At […] Read more
U.S. grains: Wheat rises to one-month high on technicals
Chicago | Reuters –– Chicago Board of Trade wheat prices climbed to a one-month high Tuesday on chart-based buying and fund short-covering as the market digested news that Russia might limit grain exports, traders said. U.S. soybean futures retreated and corn closed lower after a volatile session. At the CBOT, March wheat settled up 3-1/4 […] Read more
U.S. grains: Wheat up on talk of Russia curbing exports
Chicago | Reuters — U.S. wheat futures climbed to a one-week high on Monday on short-covering and concerns about the possibility that Russia might limit exports, traders said. Soybeans rose, led by soymeal, while corn ended nearly unchanged. At the Chicago Board of Trade, March wheat settled up six cents at $4.81-1/2 per bushel (all […] Read more
U.S. grains: Corn, wheat post small gains
Chicago | Reuters — Chicago Board of Trade corn futures inched higher in end-of-week consolidation trade on Friday, supported by some fresh global supply concerns and stronger-than-expected export data, traders said. Chicago Board of Trade soft red winter wheat also firmed slightly, with mild short-covering lending support. Ample global supplies but weak demand for U.S. […] Read more
U.S. grains: Corn snaps winning streak but wheat, soy firm
Chicago | Reuters –– U.S. corn futures fell on Thursday, breaking a three-day streak of gains, as a pick-up in country movement of the yellow grain pulled prices from one-month highs hit early in the session, traders said. Wheat and soybean futures closed firm, bouncing back from declines on Wednesday on a round of bargain […] Read more
CBOT weekly outlook: Corn expected to move higher, soy sideways
CNS Canada –– Corn futures at the Chicago Board of Trade have a bullish tone, according to one analyst, while soybeans are trading sideways to slightly higher. But any anticipated gains could be taken away as quickly as they come, by turbulence in outside markets. “I think there’s an opportunity to buy corn and sell […] Read more
U.S. grains: Soybeans set back on profit taking
Chicago | Reuters — U.S. soybean futures dropped 1.1 per cent on Wednesday as investors locked in profits a day after the market’s rally to a four-week high, traders said. Wheat futures also fell, pressured by weak overseas demand for U.S. supplies. But corn closed slightly higher, with a surprise export sale triggering a mild […] Read more
U.S. grains: Corn, soybeans close firm; wheat gains muted
Chicago | Reuters –– U.S. soybean and corn futures closed firmer on Tuesday, hitting four-week highs on concerns about rains slowing the early soybean harvest in Brazil and investor hopes of stimulus measures in China, traders said. Chicago Board of Trade wheat futures followed corn and soybeans higher. Traders also cited technical buying in wheat […] Read more
U.S. grains: Corn, wheat up on short-covering ahead of long weekend
Chicago | Reuters –– U.S. corn and wheat futures each jumped one per cent or more on Friday, shrugging off earlier losses as investors took profits on bearish short bets ahead of a three-day holiday weekend, traders and analysts said. Soybeans eased at the Chicago Board of Trade, pressured by a steep downturn in soymeal […] Read more