Chicago | Reuters – U.S. wheat futures fell to a one-week low on Friday on concerns about export demand and a strengthening dollar, analysts said. Corn followed wheat lower on technical selling, but soybeans turned higher on firming U.S. cash markets as well as optimism about U.S.-China talks later this month. Chicago Board of Trade […] Read more
U.S. grains: Wheat falls on sluggish U.S. export pace; soybeans turn up
CBOT soybeans recover after dismal USDA data
CNS Canada – The latest United States Department of Agriculture (USDA) reports surprised traders leading to an immediate sell-off for Chicago Board of Trade (CBOT) soybean contracts. “It’s a pretty interesting report to tell you the truth, but really the focus has been on the beans,” said Jack Scoville of Price Futures Group in Chicago, […] Read more
U.S. grains: Corn ends higher as USDA tightens domestic stocks forecast
Chicago | Reuters – U.S. corn futures closed modestly higher on Thursday after the U.S. Department of Agriculture (USDA) lowered its estimates of corn yield, production and ending stocks more than most analysts expected, traders said. Soybean futures fell after the USDA slashed its U.S. soy export forecast, but pared losses toward the close. Wheat […] Read more
U.S. grains: Soybeans, corn lower ahead of USDA monthly data
Chicago | Reuters – U.S. soybean futures fell Wednesday as traders adjusted positions the day before a monthly report from the U.S. Department of Agriculture in which the government is expected to raise its forecast of U.S. soy stocks. Corn and wheat futures also ended lower. Chicago Board of Trade January soybeans settled down 4-3/4 […] Read more
U.S. grains: Wheat firms as crop ratings decline; soy, corn sag a bit
Chicago | Reuters – U.S. wheat futures touched a one-week high on Tuesday on light short-covering and worries about declining U.S. crop condition ratings, analysts said. Corn futures ended down after a choppy session and soybeans drifted lower as traders awaited direction from the outcome of U.S. congressional elections and monthly U.S. supply/demand reports due […] Read more
U.S. grains: Soy, wheat decline, corn firm ahead of USDA monthly data
Chicago | Reuters – U.S. soybean futures declined on Monday, retreating from a two-month high set last week, pressured by a mix of profit taking and favorable South American weather, analysts said. Wheat futures also slipped while corn futures firmed ahead of a monthly U.S. Department of Agriculture (USDA) reports this week in which analysts […] Read more
U.S. grains: Soybeans firm on hopes for thaw in U.S.-China trade tensions
Chicago | Reuters – U.S. soybean futures hit two-week peaks on Friday on signs of easing trade tensions between Washington and Beijing, but slipped from the highs after a White House official said he was less optimistic that a deal could be reached. Corn futures also climbed, lifted by expectations for a cut to the […] Read more
U.S. grains: Soybeans rally on export hopes after Trump, Xi talk trade
Chicago | Reuters – U.S. soybean futures rose nearly 4 percent on Thursday on hopes for easing tensions between the United States and China after President Donald Trump said trade talks with Beijing were “moving along nicely”. Corn and wheat also firmed, following soybeans and as the U.S. dollar weakened, making purchases of U.S. shipments […] Read more
U.S. grains: Soy futures turn higher after touching six-week low
Chicago | Reuters – U.S. soybean futures turned higher on Wednesday after falling to a six-week low as traders awaited further clues about the size of the U.S. harvest and the impact of the U.S.-China trade war on exports. Corn and wheat futures stumbled. Traders were assessing U.S. weather forecasts, which have improved after rains […] Read more
CBOT weekly outlook: Trade woes keep soybeans pointed lower
CNS Canada – Soybeans saw a modest corrective bounce to end the month on Oct. 31, but the general downtrend remains intact, with more losses likely, according to an analyst. “I remain bearish on soybeans over the short-term as the window is closing for the U.S. to provide China soybeans before South America comes online,” […] Read more
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