Chicago | Reuters — U.S. corn, soybean and wheat futures posted sharp losses on Wednesday on a round of long liquidation by investment funds after all three commodities rallied to multi-year highs in 2021, traders said. “We have really run this market up hard,” said Ben Buie, grain team leader at MaxYield Cooperative in West […] Read more
U.S. grains: Corn, soy, wheat fall sharply on profit taking
'We just ran out of bullish news'
CBOT weekly outlook: WASDE unexpectedly bearish for corn
MarketsFarm — Corn prices on the Chicago Board of Trade immediately turned sour after Tuesday’s release of the monthly supply and demand report from the U.S. Department of Agriculture. By the time trading closed for the day, soybeans had recovered from losses incurred shortly after the report’s release to finish in double-digits on the plus […] Read more
U.S. grains: Corn tumbles as USDA projects supplies above market expectations
USDA slashes global wheat supply as feeding to increase
Chicago | Reuters — U.S. corn futures dropped on Tuesday after the U.S. Department of Agriculture (USDA) projected supplies of the grain above market expectations in a monthly report, taking prices down from 7-1/2 year highs posted earlier in the day. Soybean futures rose to a three-week top on a tighter supply outlook by USDA, […] Read more
U.S. grains: Corn resumes climb ahead of monthly USDA report
Frigid weather in U.S. grain belt lifts wheat
Chicago | Reuters — U.S. corn futures rallied to a 7-1/2 year peak on Monday on buying ahead of a monthly U.S. government crop report that is expected to show supplies of the grain tightening amid robust demand. Soybean and wheat futures also advanced in anticipation of the U.S. Department of Agriculture (USDA) report scheduled […] Read more
U.S. grains: Soybeans end lower, after rising on demand optimism
U.S. winter wheat threatened by cold weather
Chicago | Reuters — U.S. soybean futures ended lower on Friday after trading higher earlier on expectations of continued export demand eating into already tight U.S. stocks. Corn futures traded slightly lower as traders assessed mixed crop prospects in South America, while wheat ticked up slightly on fears of winterkill across the U.S. southern Plains […] Read more
USDA can steer farm aid money to fight climate change, Vilsack says
Reuters — The White House wants to tap a pool of funds from the U.S. Department of Agriculture’s Commodity Credit Corp. (CCC) to support on-farm efforts to fight climate change, Tom Vilsack, President Joe Biden’s nominee to run the USDA, said Tuesday. The Depression-era program of up to $30 billion in annual funding was tapped […] Read more
U.S. grains: Corn ends flat after vaulting to 7-1/2 year high
Corn sales to China spurred climb
Chicago | Reuters — U.S. corn futures settled nearly flat on Thursday after a volatile session in which the benchmark contract hit its highest level in 7-1/2 years, buoyed by U.S. corn sales to China, only to retreat on profit-taking, traders said. Soybean and wheat futures closed lower in technical trade, despite concerns about tightening […] Read more
CBOT weekly outlook: Corn is the leader
MarketsFarm — Over the last week at the Chicago Board of Trade (CBOT) corn has been leading soybeans, while wheat has been lacking good exports, according to Ryan Ettner, broker with Allendale Inc. in Fort McHenry, Ill. Ettner said he also expects the situation is very likely to continue, barring any kind of a major […] Read more
U.S. grains: Soybeans dive to biggest weekly loss in 6-1/2 years
Soy, corn tumble on improved weather; wheat extends fall
Chicago | Reuters — Chicago soybean futures slid more than four per cent on Friday — while corn futures dropped their daily limit — as rains in key South American growing areas offered relief amid tight global supplies, overshadowing strong weekly U.S. export data. Wheat futures tumbled four per cent. The Chicago Board of Trade […] Read more
ICE weekly outlook: Potential remains for higher canola prices
MarketsFarm — Canola prices fell back during the course of the last week, but should begin to move higher going into the coming week, according to trader Ken Ball of PI Financial in Winnipeg. Canola likely “reached the top” last week with profit-taking having set in, he said, noting a lot of money pours into […] Read more
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