Chicago | Reuters — U.S. soybean futures rose about two per cent on Friday, led by soaring soymeal futures tied to technical buying, brisk demand for the high-protein feed ingredient and logistical hurdles, traders said. Corn and wheat futures followed the higher trend, supported by tightening global grain supplies and fund-driven buying, and U.S. wheat […] Read more
U.S. grains: Soybeans climb as soymeal surges
U.S. wheat nears nine-year top
U.S. grains: Wheat hits multi-year highs on global supply worries
CBOT corn, soybeans also up
Chicago | Reuters — U.S. wheat futures hit their highest price in nearly nine years on Thursday and European wheat futures climbed to a 14-year peak, boosted by concern that exportable global supplies could tighten further, analysts said. Soybeans followed wheat higher, while corn futures ended narrowly mixed after a choppy session as traders weighed […] Read more
CBOT weekly outlook: USDA report sparks rally, but likely to wane
MarketsFarm — There has been a rally at the Chicago Board of Trade (CBOT) following the release of the monthly supply and demand report from the U.S. Department of Agriculture (USDA — but it’s unlikely for that rally to continue, an analyst said. Soybeans jumped in excess of 25 cents per bushel in the nearby […] Read more
U.S. grains: Soybeans, corn sag before USDA report
Traders await department's crop and inventory forecasts
Chicago | Reuters — Chicago Board of Trade soybean and corn futures slumped on Monday as traders adjusted positions before the release of key U.S. Department of Agriculture crop and inventory forecasts on Tuesday. Big U.S. harvests, near-perfect weather for planting in Brazil and signs of slowing purchases by top buyer China are bolstering […] Read more
ICE weekly outlook: Canola speculators running market higher
MarketsFarm – ICE canola futures posted solid gains during the week ended Oct. 27, hitting fresh contract highs in many months as speculators added to their net long positions. “The specs have canola by the throat, and they’ll see how far they can run it,” said Ken Ball of PI Financial in Winnipeg. He said […] Read more
U.S. grains: Wheat firms on global supply concerns
Fertilizer risks underpin corn; soybeans weighed by harvest, firmer crush lends support
Chicago | Reuters — Chicago wheat rose on Friday, supported by global supply concerns and an easing dollar. Corn followed wheat higher, but gains were dragged down by pressure from a lower soybean market as U.S. farmers reap better-than-expected harvests of the oilseed. The most-active wheat contract on the Chicago Board of Trade (CBOT) ended […] Read more
U.S. grains: Soy down on South American weather, technical pressure
Firm U.S. dollar weighs on wheat; rising crop input costs supportive for corn
Chicago | Reuters — Chicago soybean futures fell on Thursday after five straight sessions of gains, pressured by technical resistance and beneficial forecasts for rain in top export competitor Brazil. Wheat eased from a two-week high hit earlier on Thursday as weaker crude oil prices and a firmer U.S. dollar offset tightening global supplies. Corn […] Read more
ICE weekly outlook: Canola rally keeps going
Not yet back at $1K, but it's possible
MarketsFarm — With good gains from other edible oils, canola has remained on the rise so far during the week of Oct. 18. It’s uncertain as to how much longer the rally could press on, but analyst David Derwin of PI Financial in Winnipeg said canola punching through $1,000 per tonne again is possible. “Never […] Read more
U.S. grains: Wheat, corn, soy futures up with global demand
MGEX December wheat at nine-year high
Chicago | Reuters — U.S. corn futures hit a two-week high on Wednesday and soybean futures also advanced, supported by brisk global demand, firm cash markets and surging vegetable oil prices. U.S. wheat futures rose as Minneapolis Grain Exchange spring wheat futures set a nine-year top on tightening global supplies of high-quality milling wheat. Additional […] Read more
CBOT weekly outlook: Soy, corn strength impressive for time of year
MarketsFarm — Soybean and corn futures at the Chicago Board of Trade have posted solid gains over the week ended Wednesday, recovering after bearish yield and stocks data from the U.S. Department of Agriculture sparked a selloff a week earlier. Terry Reilly of Futures International in Chicago used “pretty impressive” to describe the latest strength […] Read more
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