Chicago | Reuters — U.S. corn futures rose on Thursday as fund-driven short-covering at the end of the month overshadowed disappointing export sales data, analysts said. Wheat futures on the Chicago Board of Trade ended mostly lower, with nearby contracts pressured by heavier-than-expected deliveries against the December contract on first notice day. Soybeans fell, led […] Read more
U.S. grains: Corn firms on short-covering at month’s end
CBOT weekly outlook: Rangebound corn, soy watch South America, exports
CNS Canada — Weak exports and improving growing conditions in South America are casting a bearish tint over near-future prospects for corn and soybeans. One market analyst in Illinois noted the corn market was also extremely oversold. “A good technical close for December corn this week would be over $3.36” a bushel, said Scott Capinegro, […] Read more
U.S. grains: Corn up on export demand, technical bounce
Chicago | Reuters — U.S. corn futures rose about one per cent Wednesday on fresh export demand and bargain-buying after the spot December contract dipped to a contract low, traders said. Wheat futures firmed, stabilizing after a series of contract lows in recent days, while soybeans ended fractionally lower after a choppy session. Most-active March […] Read more
U.S. grains: Corn slides on technicals, hefty global stocks
Chicago | Reuters — U.S. December corn futures fell to a life-of-contract low on Tuesday on technical selling and ample global supplies, traders said. Soybeans also fell as slightly wetter forecasts for crop areas of Argentina eased near-term concerns about dryness. But wheat closed higher on bargain-buying after most months sank to contract lows. Chicago […] Read more
U.S. grains: Wheat hits contract lows
Chicago | Reuters — Chicago Board of Trade wheat futures sank 1.4 per cent to fresh contract lows on Monday, pressured by poor demand for U.S. supplies from overseas buyers, traders said. The drop in wheat weighed on corn futures while soybean futures edged higher, underpinned by concerns about crop development in South America. The […] Read more
U.S. grains: Wheat falls to contract lows on export data
Chicago | Reuters — Chicago Board of Trade wheat futures fell to life-of-contract lows on Friday, pressured by disappointing weekly export sales data and ample global supplies, analysts said. Corn and soybeans futures followed wheat lower, bucking support from strength in crude oil and a weaker dollar, which tends to make U.S. grains more competitive […] Read more
CBOT weekly outlook: Soybeans excite ahead of holiday
CNS Canada — While corn futures sat quietly this week on the Chicago Board of Trade (CBOT), soybean futures were another story ahead of the U.S. Thanksgiving weekend. On Tuesday, “there was a lot of talk that Argentina was going to have some very good rains; the (soybean) market was understanding of that,” said Steve […] Read more
U.S. grains: Soy nears US$10 a bushel ahead of holiday
Chicago | Reuters — Chicago soybean futures approached a two-week high near US$10 a bushel Wednesday on technical buying ahead of the U.S. Thanksgiving holiday, analysts said. Additional support stemmed from worries that the La Nina weather phenomenon, expected to emerge next month, could stress soy and corn crops in South America. The La Nina […] Read more
U.S. grains: Wheat up as crop ratings, Russia news spur short-covering
Chicago | Reuters — Chicago wheat futures rose on Tuesday as a decline in U.S. crop ratings and news of radioactive pollution in the Ural mountains triggered a round of short-covering and concern about wheat exports from Russia, the world’s top supplier. Corn and soybean futures closed little changed after a choppy session. Chicago Board […] Read more
U.S. grains: Wheat falls as dollar firms; vegoils drop on India import tax
Chicago | Reuters – Chicago wheat futures fell 1.4 percent on Monday as the dollar climbed against a basket of currencies, making U.S. grain more expensive in a well-supplied global market. Soybean and soyoil futures also eased amid steep declines in palm oil after India hiked palm oil import taxes. Corn futures were about flat. […] Read more
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