CNS Canada — Soybean and corn futures at the Chicago Board of Trade remain rangebound overall, though there may be room to the upside despite the generally bearish underlying fundamentals, according to an analyst. While large South American crops should weigh on both commodities, U.S. production is still very much in the air as excessive […] Read more
CBOT weekly outlook: Weather concerns keep room to the upside
U.S. grains: Wheat gains as dollar sags
Chicago | Reuters — U.S. wheat futures firmed on Wednesday, supported by a tumbling dollar and unwanted rains heading for the southern Plains growing area, analysts said. Corn followed wheat higher while soybeans ended modestly lower, retreating from early gains. Chicago Board of Trade July wheat settled up 2-3/4 cents at $4.27 per bushel, after […] Read more
U.S. grains: CBOT soy rallies on export demand
Chicago | Reuters — U.S. soybean futures rose 1.1 per cent on Tuesday, supported by strong export demand for U.S. supplies despite a massive crop from South American producers Brazil and Argentina. Technical buying also helped fuel a rally in the soybean market, which closed near session highs. Chicago Board of Trade soft red winter […] Read more
U.S. grains: Wheat down on global supplies, seasonal pressure
Chicago | Reuters –– U.S. wheat futures fell more than two per cent on Monday on chart-based selling, abundant global supplies and seasonal pressure from the approach of harvest, analysts said. Corn futures followed wheat lower. Soybeans were firmer, but pared gains on a smaller-than-expected monthly U.S. soybean crush figure. Chicago Board of Trade July […] Read more
U.S. grains: Corn inches higher on weather uncertainty
Chicago | Reuters — U.S. corn futures firmed on Friday on light short-covering ahead of the weekend and uncertainty about planting weather in the Midwest, analysts said, while soybeans and wheat closed modestly lower. Chicago Board of Trade July corn settled up 1-3/4 cents at $3.71 per bushel (all figures US$). July soybeans ended down […] Read more
U.S. grains: Soy, corn sag on technical selling
Chicago | Reuters — U.S. soybean futures hit a 1-1/2-week low on Thursday, pressured by follow-through weakness after Wednesday’s poor technical close and some farmer selling, analysts said. Corn futures sagged as forecasts called for improving weather in the U.S. Midwest, where wet conditions have stalled planting in some areas. Wheat futures were modestly higher. […] Read more
CBOT weekly outlook: Corn, soybeans poised for move upward
CNS Canada — Wet weather across much of the Midwest could be throwing a monkey wrench into the plans of U.S. corn farmers, according to a market-watcher. Scott Capinegro, president of Barrington Commodity Brokers in Barrington, Illinois, says much of the U.S. corn crop still has to go into the ground while some crops need […] Read more
U.S. grains: Corn up on USDA world stocks view
Chicago | Reuters — U.S. corn futures rose about two per cent on Wednesday after the U.S. Department of Agriculture’s forecast for global inventories at the end of the 2017-18 marketing year fell below trade expectations. Soybean futures hit a six-week high after the USDA’s reports were released, buoyed by the government’s forecast for a […] Read more
U.S. grains: Soy up ahead of USDA data
Chicago | Reuters — U.S. soybean futures climbed nearly one per cent on Tuesday, halting a three-session slide, as traders adjusted positions a day ahead of a U.S. government crop report and as excessively wet weather in the Midwest raised concerns, analysts said. Corn futures closed modestly higher while wheat fell, pressured by a stronger […] Read more
U.S. grains: Wheat hits one-week low as weather improves
Chicago | Reuters — U.S. wheat futures fell about two per cent to a one-week low on Monday, and corn and soybeans also declined on prospects for improving crop weather in the Midwest and Plains, analysts said. “The weather is getting better. The fact that we don’t have a very threatening forecast is why we […] Read more
Cyber-Savvy Farmer
