Chicago | Reuters — U.S. corn futures firmed on Thursday on concerns that several days of rainy weather expected across the U.S. Midwest could disrupt harvesting of what is forecast to be a bumper U.S. crop. Soybeans also drew support from the wet forecast, but shed gains late in the session in a technical selling […] Read more
U.S. grains: Corn firms as rainy Midwest outlook threatens harvest
CBOT weekly outlook: Yield expectations limit upside for corn, soy
CNS Canada — Soybean and corn futures at the Chicago Board of Trade may be finding some short-term support from harvest delays across the U.S. Midwest, but expectations for large crops overall should limit the upside for prices going forward, according to an analyst. “The highs could be in right now,” said Rich Feltes of […] Read more
U.S. grains: Soybeans, corn ease in technical setback
Chicago | Reuters — U.S. soybean futures eased on Wednesday in a technical selling setback following two days of gains despite concerns that rainy weather in parts of the Midwest would delay harvesting and possibly damage some crops. Corn futures also fell as technical selling more than offset support from strong demand and potential harvest […] Read more
U.S. grains: Soy, corn firm as rain stalls Midwest harvest
Chicago | Reuters — U.S. corn and soybean futures firmed for a second day on Tuesday on expectations for improved demand following a recent price slump and as a rainy weather outlook for the Midwest threatened to stall harvesting. Futures jumped sharply on Monday on news of a newly negotiated U.S.-Mexico-Canada Agreement (USMCA), a replacement […] Read more
U.S. grains: Corn, soy surge as NAFTA revamp outweighs big supplies
Chicago | Reuters — U.S. corn and soybean futures rallied on Monday, reversing the prior session’s steep losses, after the U.S., Canada and Mexico announced they had reached a deal on a trilateral pact to replace NAFTA. Corn gained nearly three per cent and soybeans more than one per cent as news of the trade […] Read more
U.S. grains: Bigger-than-expected supplies knock down prices
Chicago | Reuters — U.S. grain futures slumped on Friday after the U.S. Department of Agriculture said farmers and crop handlers had more supplies in storage than analysts expected. The bigger-than-expected inventories from previous harvests add to an oversupply as U.S. farmers are starting to bring in another massive corn and soybean crop from their […] Read more
U.S. grains: Corn tops one-month high on strong U.S. export sales
Chicago | Reuters — U.S. corn futures touched their highest prices in more than a month on Thursday on strong export demand and as traders adjusted positions ahead of a crop report expected to show supplies tightened over the past year. Soybean futures also rose, extending a rebound from recent losses into a third consecutive […] Read more
U.S. grains: Soybeans rise on bargain buying, sale to Mexico
Chicago | Reuters — Bargain buying and a major sale of U.S. soy to Mexico on Wednesday helped lift U.S. soybean futures for a second day, traders said, while corn and wheat futures slipped. Soybeans are recovering after the most actively traded contract last week fell to its lowest price in nearly 10 years. The […] Read more
CBOT weekly outlook: USDA reports not expected to shake up markets
CNS Canada — Corn, soybean and wheat futures in the U.S. are awaiting the latest U.S. Department of Agriculture (USDA) reports, but traders aren’t expecting the reports to much of an effect on prices. USDA releases its quarterly grain stocks and small grains summary reports on Friday. “It basically wraps up the 2017-18 crop year […] Read more
U.S. grains: Soybeans top one-month high in turnaround from losses
Chicago | Reuters — U.S. soybean futures climbed to their highest in more than a month on Tuesday in a turnaround from recent declines that were driven by concerns about the U.S.-China trade dispute hurting American exports. Corn futures also set a one-month high, while wheat pulled back from a one-month high reached on Monday. […] Read more
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