Chicago | Reuters – U.S. corn futures rose about 2 percent on Friday on fund-driven short-covering and talk of increased export demand, while soybeans hit a one-week high as worries about stressful crop weather in Argentina lifted soymeal futures, analysts said. Wheat followed the firm trend, which extended broadly across the commodities sector. The 19-market […] Read more
U.S. grains: Corn up nearly 2 pct on short-covering; soy, wheat climb
CBOT weekly outlook: Investors look for quick buys in corn
CNS Canada — Pressure continues to build on the Chicago Board of Trade corn market but there could be a glimmer of hope as traders look for places to park money ahead of next week’s U.S. Thanksgiving Day holiday. “I think people are looking for a place to buy the market here in a short-term […] Read more
U.S. grains: Corn sinks to contract lows
Chicago | Reuters — U.S. corn futures fell to new contract lows for the third straight day on Thursday as lower-than-expected weekly export sales and abundant supplies weighed on the market. Soybeans also declined on disappointing weekly U.S. Department of Agriculture export sales data and as improving crop weather in Brazil raised prospects that the […] Read more
U.S. grains: Soybeans climb on seasonal strength, bullish soyoil data
Chicago | Reuters — U.S. soybean futures firmed on Wednesday on seasonal strength as the Midwest harvest wound down and a jump in soyoil tied to an unexpected monthly drawdown in domestic supplies, traders said. Chicago Board of Trade wheat futures fell nearly two per cent, nearing contract lows, in a technical sell-off. Corn futures […] Read more
U.S. grains: Corn hits one-year low as harvest nears end
Chicago | Reuters — U.S. corn futures dropped 1.4 per cent to a one-year low on Tuesday, pressured by ample supplies from the nearly completed harvest of the second-largest domestic corn crop on record, traders said. Soybeans declined, following corn lower, as improving crop weather in South America added to bearish sentiment. But wheat futures […] Read more
U.S. grains: Soy hits one-month low
Chicago | Reuters — U.S. soybean futures fell to their lowest in a month on Monday, pressured by improving crop weather in South America and chart-based selling, with the benchmark January contract falling through several key moving averages, analysts said. Wheat fell in technical moves amid a lack of news, and corn fell but the […] Read more
U.S. grains: Corn, soy, wheat firm in light recovery after USDA reports
Chicago | Reuters – U.S. corn and soy futures firmed on Friday in a light technical bounce one day after the U.S. Department of Agriculture released larger-than-expected yield estimates for both crops. Wheat futures rose on short-covering, analysts said. Chicago Board of Trade December corn futures settled up 2 cents at $3.43-1/2 a bushel, January […] Read more
CBOT weekly outlook: Corn and soybeans down after USDA report
CNS Canada – Corn and soybean futures at the Chicago Board of Trade fell following the United States Department of Agriculture’s crop production report which raised corn estimates and kept soybeans at previous estimates. “I expect the low volatility environment to continue with soybeans remaining in tight trading short term. And for corn prices eventually […] Read more
U.S. grains: Corn hits new lows after USDA projects record U.S. yield
Chicago | Reuters – U.S. corn futures plunged to contract lows on Thursday after the U.S. Department of Agriculture projected a bigger-than-expected 2017 U.S. harvest because of a record-large average yield that topped even the highest trade forecasts. Soybeans also dropped as the USDA left its 2017 yield outlook unchanged despite widespread expectations for a […] Read more
U.S. grains: Winter wheat mixed; corn, soy firm ahead of USDA report
Chicago | Reuters – U.S. winter wheat futures ended mixed on Wednesday while soybeans and corn closed slightly higher as traders squared positions ahead of a monthly U.S. Department of Agriculture crop supply and demand report due out on Thursday, traders said. Short covering buoyed corn and wheat late in the day, offsetting earlier declines […] Read more
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