CNS Canada — Soybean and corn futures both suffered losses over the past week as improving weather patterns in South America have pushed the commodities below their recent support levels. CBOT March corn dipped below the psychologically-important $3.50 a bushel level on Tuesday (all figures US$). The market was pressured by the U.S. Department of […] Read more
CBOT weekly outlook: Corn, soy look vulnerable to downside
U.S. grains: Soybeans sag as South American crop prospects improve
Chicago | Reuters — Chicago Board of Trade soybean futures fell to a three-week low on Tuesday on improving weather in Argentina and rising estimates of Brazil’s soybean crop, while corn and wheat futures hit life-of-contract lows. CBOT January soybeans settled down 6-3/4 cents at $9.75-3/4 a bushel after dipping to $9.75, the contract’s lowest […] Read more
U.S. grains: Corn, wheat down to contract lows
Chicago | Reuters — U.S. corn and wheat futures fell to life-of-contract lows on Monday, anchored by plentiful global grain supplies, and soybeans sagged as forecasts called for beneficial rains in Argentina, analysts said. Chicago Board of Trade March corn settled down 3-3/4 cents at $3.49 per bushel after hitting a contract low at $3.48-1/4 […] Read more
U.S. grains: Wheat hits contract lows
Chicago | Reuters — U.S. wheat futures eased to contract lows on Friday, capping a week of five straight days of declines that saw the market shed 4.6 per cent of its value. Soybean futures also were weaker while corn edged higher on a mild short-covering bounce. A forecast for bigger-than-expected wheat production in Canada […] Read more
U.S. grains: StatsCan data help drag wheat to contract lows
Chicago | Reuters — Chicago Board of Trade wheat futures slid to contract lows on Thursday, their fourth straight day of declines, on continued pressure from a Canadian report that showed harvest in that country was bigger than expected. The decline in wheat weighed on corn prices. Soybeans also fell, pressured by a round of […] Read more
CBOT weekly outlook: Soybean markets excite while corn settles
CNS Canada — Soybean prices on the Chicago Board of Trade (CBOT) are finding support from Argentina weather while corn markets remain stuck in sideways trading, according to a Chicago trader. “The corn markets have kind of been left out of the Argentina weather equation with heavy fund selling here and there… and then might […] Read more
U.S. grains: Wheat, soy slump on technicals, commodities selloff
Chicago | Reuters — U.S. grain and soy prices fell on Wednesday, pressured by technical selling amid a broad downturn across many commodities as the dollar climbed. Chicago Board of Trade soybean futures eased from an earlier roughly four-month high while wheat futures declined for the third straight session, nearing their contract lows set in […] Read more
U.S. grains: Soybeans climb above $10 on Argentina weather woes
Chicago | Reuters — U.S. soybean futures climbed one per cent on Tuesday, scrambling back above US$10 a bushel, amid ongoing worries about poor weather threatening yield prospects in Argentina. Corn futures ended fractionally higher while wheat futures sagged on sluggish export demand for U.S. supplies. Chicago Board of Trade January soybeans settled up 10 […] Read more
U.S. grains: Soybeans, meal rise on Argentina weather
Chicago | Reuters — U.S. soybean futures rose to a three-week high on Monday and soymeal jumped more than two per cent on buying backed by concerns that dry weather in Argentina will hurt crop yields. Corn futures fell more than one per cent, reversing early gains after technical selling, while wheat futures also eased […] Read more
U.S. grains: Soy, corn follow broad commodities strength higher
Chicago | Reuters — U.S. soybean futures rose Friday and corn futures hit a three-week high, following broad strength in commodities at the start of the month and a softer U.S. dollar, analysts said. The 19-market Thomson Reuters CoreCommodity Index rose 0.8 per cent, snapping a four-session slide. Chicago Board of Trade January soybeans settled […] Read more
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