Chicago | Reuters — Chicago Board of Trade corn futures fell to contract lows on Friday, pressured by technical selling and abundant global grain supplies ahead of another bumper U.S. harvest, traders and analysts said. Soybean futures also eased, declining from Thursday’s two-week high as investors took profits ahead of final data from the annual […] Read more
U.S. grains: Corn hits contract lows on supply pressure
U.S. grains: Soy up on exports, biodiesel hopes
Chicago | Reuters — Chicago Board of Trade soybean futures climbed nearly one per cent on Thursday, lifted by strong export demand, gains in soyoil prices and smaller pod count findings on an annual U.S. crop tour, traders said. Corn and wheat futures rallied late in the trading session on short-covering after prices for each […] Read more
CBOT weekly outlook: Corn, soybeans eye Tropical Storm Harvey
CNS Canada — The potential for a storm in the Gulf of Mexico to bring rain to parts of the U.S. Midwest has caught the attention of the grain and oilseed markets. “If it turns farther north and hits some of the dry spots in Indiana, Ohio and Illinois that would be a little bit […] Read more
U.S. grains: Corn falls to 2017 lows on plentiful global stocks
Chicago | Reuters — U.S. corn futures sank to their lowest levels of the year on Wednesday on fund-driven technical selling and plentiful global grain supplies, analysts said. Chicago Board of Trade wheat futures rose on bargain-buying after front months fell to contract lows, while soybean futures firmed modestly. CBOT December corn settled down 4-1/4 […] Read more
U.S. grains: Wheat extends drop to fresh contract lows
Chicago | Reuters — U.S. wheat futures sank to contract lows on Tuesday, weighed down by abundant global supplies and technical selling as prices extended a fall that started in early July. Chicago Board of Trade corn futures weakened slightly to the lowest levels in about a year, following the declines in wheat, while soybean […] Read more
U.S. grains: Corn drops to nearly one-year low
Chicago | Reuters — U.S. grain prices fell about one per cent on Monday, with benchmark Chicago Board of Trade December corn sinking to a nearly one-year low, on technical selling and easing concerns that dry weather would reduce harvests. Several CBOT wheat futures contracts dropped to lifetime lows, while soybeans notched small declines. Soyoil […] Read more
U.S. grains: Corn, soy, wheat rise but post weekly declines
Chicago | Reuters — U.S. corn, soybean and wheat futures firmed on Friday, but outlooks for good weather for crop development limited attempts at a rally, traders said. All three commodities posted weekly losses. “Ongoing pressure from large supplies and lack of a weather threat kept markets on the defensive this week,” Farm Futures analyst […] Read more
U.S. grains: Wheat falls to contract lows on fund selling
Chicago | Reuters — Chicago Board of Trade wheat futures fell about one per cent to life-of-contract lows on Thursday, weighed down by investment fund short selling and abundant global supplies, traders said. Corn futures also eased but held just above Wednesday’s multimonth lows while soybean futures gained on strong Chinese demand and as rains […] Read more
U.S. grains: Wheat, corn futures ease, soy firms
Chicago | Reuters — Chicago Board of Trade wheat futures sank to contract lows on Wednesday as ample global supplies provided overseas buyers with cheaper alternatives to U.S. offerings in export deals, traders said. Corn futures also were lower, pressured by the drop in wheat as well as good weather for crop development across the […] Read more
CBOT weekly outlook: Corn, soy struggle under heavy supplies
CNS Canada — Corn and soybean traders continue to assess the fallout from last week’s world supply and demand report from the U.S. Department of Agriculture. The monthly report stunned analysts with predictions for U.S. corn yields at 169.5 bushels per acre, and soybean yields of 49.4 bu./ac. “That just destroyed the market,” said Scott […] Read more
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