CNS Canada — Soybeans on the Chicago Board of Trade continue to climb on charts due to worries over dry soil conditions in Argentina and strength in soymeal — but that could change soon. Terry Reilly of Futures International in Chicago said traders are keenly watching to see soybean meal commitment numbers in Thursday’s U.S. […] Read more
CBOT weekly outlook: Soy trade watching soymeal commitments
U.S. grains: Argentine weather underpins corn, soy
Chicago | Reuters — U.S. corn and soybean futures firmed on Wednesday, stabilizing near recent highs on persistent concerns about dry weather in Argentina hurting crops as they pass through key stages of development, traders said. Corn’s gains were limited as the rally stalled out at the six-month high hit on Tuesday. Soybeans rose to […] Read more
U.S. grains: Soymeal rally lifts soybean futures
Chicago | Reuters — U.S. soybean futures rose to a 10-week high on Tuesday, lifted by a surging soymeal market as dry weather in Argentina threatened to reduce crop yields from that key South American supplier, traders said. Wheat futures dropped as a rally fizzled after prices hit six-month highs. Corn futures, which traded both […] Read more
U.S. grains: Wheat, soy futures jump on weather woes
Chicago | Reuters — Weather concerns sparked a rally in U.S. wheat and soybean futures on Monday, with forecasts for dry conditions threatening to reduce harvests in key growing areas, traders said. Chicago Board of Trade soft red winter wheat futures jumped 3.4 per cent to their highest since Aug. 8 on concerns about dryness […] Read more
U.S. grains: Wheat, corn lower in pause after multi-month highs
Chicago | Reuters — U.S. wheat and corn futures fell on Friday, retreating from multi-month highs established a day earlier as traders took profits and focused on prospects for better weather in the drought-hit U.S. Plains wheat belt. Soybeans sagged on much-needed rains in Argentina’s crop belt and worries about U.S. soybean export demand. Broad […] Read more
U.S. grains: Soybeans hit one-week top
Chicago | Reuters — U.S. soybean futures set a one-week high on Thursday as worries about dry weather curtailing Argentina’s harvest overshadowed bearish data in a monthly U.S. Department of Agriculture report (USDA), analysts said. Corn futures firmed on strong export demand while wheat retreated on profit-taking after multimonth highs. Chicago Board of Trade March […] Read more
CBOT weekly outlook: USDA report delivers no surprises
CNS Canada — The latest report released from the U.S. Department of Agriculture had no surprises for traders at the Chicago Board of Trade (CBOT), leaving the March corn and soybean contracts little changed. “I think that brokers right now are on the phone talking to their customers, probably some co-ops, elevators are also, and […] Read more
U.S. grains: Wheat surges on worries about Plains dryness
Chicago | Reuters — Nearby Chicago wheat futures jumped three per cent on Wednesday and hit a four-month high on worries about dry conditions threatening yield prospects in the southern U.S. Plains, analysts said. Corn futures rose on robust export demand for U.S. supplies while soybean futures declined after a choppy session. Chicago Board of […] Read more
U.S. grains: Soybeans up on Argentina weather concerns
Chicago | Reuters — U.S. soybean futures rose 1.7 per cent on Tuesday on worries about dry weather hurting crop prospects in Argentina, despite rains expected in the coming days, analysts said. Corn rose on the weather worries and on improving export demand for U.S. supplies, and wheat followed the firm trend. Chicago Board of […] Read more
U.S. grains: Wheat lower on technicals, better weather
Chicago | Reuters — U.S. wheat futures fell to a one-week low on Monday on technical selling and an improving weather outlook, including beneficial moisture in parts of the Midwest winter wheat belt, analysts said. Soybean futures set a two-week low on forecasts for much-needed moisture in parts of Argentina, and corn sagged as well. […] Read more
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