Chicago | Reuters — U.S. soybean futures fell on Tuesday, pressured by signs of rising competition on the export market that could lead to a domestic supply glut, traders said. Forecasts for improving crop weather in Brazil and Argentina during January also weighed on the market. Corn and wheat futures ended firm after spending much […] Read more
U.S. grains: CBOT soybeans drop
Corn, wheat up off early weakness
U.S. grains: Corn, soybeans fall in risk-off trade
Chicago winter wheat firms
Chicago | Reuters — U.S. corn and soybean futures fell on Monday, with concerns about the spread of Omicron coronavirus variant causing investors to take some risk out of the market, traders said. U.S. Commodity Futures Trading Commission (CFTC) data released on Friday afternoon that showed large speculators cut their net longs in both commodities […] Read more
U.S. grains: Wheat slide continues in volatile week
Soybeans rise, corn up on support from crude oil prices
Chicago | Reuters — Chicago wheat futures slid once again on Friday, after a volatile week in which prices plunged on investor fears about the economic impact of the Omicron variant of COVID-19, traders said. Wheat prices had steadied early in the day’s session but then started falling again on news that U.S. employment growth […] Read more
U.S. grains: Wheat rallies as global demand offsets virus worries
USDA confirms China buys U.S. soybeans
Chicago | Reuters — U.S. and European wheat futures jumped on Thursday as a series of import tenders and fears of rain damage to Australia’s harvest overshadowed concerns over the spread of the new coronavirus variant. Soybean and corn futures also advanced at the Chicago Board of Trade (CBOT). Global demand for wheat put renewed […] Read more
U.S. grains: Grain futures regain ground as COVID jitters ease
Corn, soy firm after also hitting near three-week lows with wheat
Chicago | Reuters — Chicago wheat futures turned higher Wednesday, recouping some of their steep losses from the previous session, as investor concerns that the Omicron coronavirus variant would derail the global economy began to ease. Corn and soybeans also regained ground on end-user buying, traders said, following hopes of export buyers looking for deals […] Read more
CBOT weekly outlook: Markets ‘resilient’ in face of Omicron
MarketsFarm — While fears over the newly-identified Omicron COVID-19 variant caused a sharp downturn Friday in oil and equities, crop prices on the Chicago Board of Trade (CBOT) were not as hard hit. “This new COVID-19 variant has got some traders spooked in the market here in thinking there might be some economic slowdown and […] Read more
U.S. grains: Wheat extends slide as Omicron worries mount
Corn, soybeans also slip on virus fears
Chicago | Reuters — Chicago wheat prices fell to a nearly three-week low on Tuesday, as concerns that the spread of the Omicron coronavirus variant could slow the global economy drove investors to reduce risk exposure. The entire grains complex felt pressure early in the session, after Moderna’s CEO cautioned that COVID-19 shots were unlikely […] Read more
U.S. grains: Wheat drops as U.S. dollar edges higher
Australia forecasts record wheat crop; corn, soy down on good South America weather
Chicago | Reuters — U.S. wheat futures retreated on Monday on a firmer dollar and as a record harvest outlook from major exporter Australia eased recent concerns about rain-damaged crops. Corn and soybeans followed wheat lower, pressured by technical selling and profit-taking and by good weekend rains in Argentina and parts of Brazil. Chicago Board […] Read more
U.S. grains: New COVID variant scares markets
Soybeans, wheat drop; corn rebounds
Chicago | Reuters — U.S. soybean futures fell Friday as news of a new COVID-19 variant discovered in South Africa sent oil and equities markets lower, with moves exaggerated by low trade volume across the grain and oilseed commodities. Chicago Board of Trade January soybeans lost 13-3/4 cents, at $12.52-3/4 a bushel, the contracts biggest […] Read more
ICE weekly outlook: Canola market strong but choppy
MarketsFarm — Nearby ICE Futures canola contracts climbed to fresh highs during the week ended Wednesday, while= deferred months moved lower. The new-crop November 2022 contract had overshot to the upside and was due for a correction, said Keith Ferley of RBC Dominion Securities in Winnipeg. Any weakness would likely be met by commercial buying, […] Read more
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