Chicago | Reuters — Chicago wheat and soybean futures closed higher on Thursday as a weaker U.S. dollar lent support to dollar-priced commodities and traders squared up their positions ahead of a key government report. Meanwhile, corn futures firmed, supported by concerns about hot and dry weather stressing the U.S. Midwest crop through its final […] Read more
U.S. grains: Chicago grains firm on yield uncertainty ahead of USDA report
Grains also underpinned by U.S. dollar fall after inflation data
U.S. grains: Corn, wheat futures extend gains on crop risks
Wheat market also weighs prospects for more Ukraine exports
Chicago | Reuters — Chicago Board of Trade corn and wheat futures rose on Wednesday, as hot, dry weather in parts of the U.S. and Europe kept attention on harvest risks, while soybeans settled lower after notching contract highs. Traders also adjusted positions ahead of the U.S. Department of Agriculture’s (USDA) monthly supply and demand […] Read more
CBOT weekly outlook: Lower inflation, USDA report to impact markets
MarketsFarm — With the U.S. Department of Agriculture (USDA) already set to release its monthly supply/demand estimates on Friday, the U.S. Labor Department threw in a curveball two days prior. The Labor Department on Wednesday reported the annual rate of inflation declined to 8.5 per cent in July, 0.6 of a point lower than in […] Read more
U.S. grains: Corn, soybeans gain as U.S. crop ratings decline
Restart of Ukraine sea exports anchors wheat
Chicago | Reuters — U.S. corn and soybean futures climbed to their highest in more than a week on Tuesday on lower weekly U.S. crop condition ratings and worries that hot, dry weather in the western Midwest forecast would continue to stress crops. Wheat was also firmer as the dollar softened, although gains were limited […] Read more
U.S. grains: Corn, soybeans slip after Midwest rains
Traders looking ahead to USDA report on Friday
Chicago | Reuters — U.S. corn and soybean futures eased on Monday as improved weather in parts of the U.S. Midwest’s farm belt boosted harvest prospects for crops stressed recently by high temperatures and dryness. Chicago Board of Trade wheat firmed as the dollar softened, although gains were limited by improving prospects for exports from […] Read more
Speculative net short position grows in canola
MarketsFarm — The speculative net short position in ICE Futures canola grew during the week ended Tuesday, as fund traders liquidated long positions and opened some new shorts, according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures […] Read more
U.S. grains: Wheat falls six per cent on Ukraine grain export deal
CBOT corn sags, soy rallies
Chicago | Reuters — U.S. wheat futures fell nearly six per cent on Friday to their lowest level since February after Russia and Ukraine signed a landmark deal to reopen Ukrainian Black Sea ports for grain exports, traders said. Corn fell almost two per cent on the news but soybean futures closed higher, rebounding from […] Read more
U.S. grains: Corn, soy, wheat fall on weather, Ukraine sea pact
IGC's corn outlook lower, wheat outlook up
Chicago | Reuters — U.S. corn futures fell to two-week lows and new-crop soybeans hit a six-month low on Thursday on improving crop weather in the Midwest and news of a deal to restart Ukraine’s Black Sea grain exports, traders said. Wheat futures declined after choppy trade. All three markets fell to the day’s lows […] Read more
CBOT weekly outlook: Keep an eye on the weather
Corn, soy seen trending lower
MarketsFarm — As soybeans and corn trend downward on the Chicago Board of Trade, wheat is poised to climb higher, according to Andrew Mages, analyst with Progressive Ag at Fargo, N.D. The weather outlook has called for scattered showers over the next couple of weeks, which will impact crops in some way, he said. “The […] Read more
U.S. grains: Soy, corn futures ease on improving weather
CBOT wheat firms on export news
Chicago | Reuters — U.S. soybean and corn futures fell on Wednesday on forecasts for improving weather in the Midwest, including rains next week that should boost crop production prospects, analysts said. Wheat futures rose as traders awaited the outcome of Egyptian wheat purchase negotiations, as well as talks on a possible deal to boost […] Read more