MarketsFarm — Lack of demand for corn exports has continued to drag prices on the Chicago Board of Trade (CBOT) and the U.S. dollar has been stronger recently, making exports even less attractive, according to Terry Reilly, a grains analyst with Futures International. In contrast, consistent soybean sales since Monday have provided some support to […] Read more
CBOT weekly outlook: Trade uncertainty weighs
Corn harvest a struggle for three U.S. states
MarketsFarm — With a significant amount of corn still in the fields on the U.S. northern Plains, the harvest may be grinding to a halt, according to MarketsFarm analyst Bruce Burnett. In particular, Burnett noted, the corn harvest has been further slowed by a propane shortage, which has caused issues for farmers trying to acquire […] Read more
Latest USDA supply/demand report generates mixed results
MarketsFarm – In the United States Department of Agriculture’s (USDA) supply and demand report issued Friday, corn estimates were lowered from the October report and those for soybeans largely remained the same for the 2019/20 marketing year. There were some revisions for wheat as well. In the latest World Agriculture Supply and Demand Estimates (WASDE), […] Read more
CBOT weekly outlook: Corn waits for news
MarketsFarm – Commodities on the Chicago Board of trade were range-bound and “starving for news” at midweek. Scott Capinegro of Barrington Commodity Brokers in Illinois noted that the December corn contract started the month at US$3.88 per bushel, and was currently at US$3.8850. “It went absolutely nowhere,” he said. Snowstorms in North Dakota, South Dakota, […] Read more
U.S. grains: Harvest pace drags on corn, soybeans
Chicago | Reuters — U.S. soybean futures ended flat on Wednesday as optimism that China would significantly increase U.S. export purchases after offering to waive tariffs was overshadowed by a lack of confirmed buying and an accelerating U.S. harvest. Corn was also flat on harvest pressure and limited demand, while wheat firmed in a modest […] Read more
U.S. grains: Soybeans firm on Chinese trade prospects
Chicago | Reuters — U.S. soybean futures firmed on Tuesday on hopes of fresh export sales to China after Beijing gave major crushers waivers to import U.S. soybeans without retaliatory tariffs. Futures, however, drifted from early highs as new export deals failed to materialize and as farmers took advantage of the price spike to sell […] Read more
U.S. grains: Wheat futures approach three-month high
Chicago | Reuters — U.S. wheat futures hit their highest level in nearly three months on Thursday as signs of rising global cash prices prompted a round of short covering, traders said. Corn and soybean futures also climbed, supported by worries about the size of U.S. crops, while traders continued to monitor prospects for a […] Read more
U.S. grains: Soy, corn sag on trade uncertainty, harvest progress
Chicago | Reuters — U.S. corn and soybean futures fell on Wednesday on uncertainty surrounding the particulars of U.S.-China trade talks, along with pressure from the expanding Midwest harvest, analysts said. Wheat futures bucked the weak trend, climbing on technical buying and news that Egypt, a top global importer, bought 405,000 tonnes of wheat in […] Read more
U.S. grains: Soybeans climb on weather worries
Chicago | Reuters — U.S. soybean futures neared a four-month high on Monday, supported by fears that wintry weather over the weekend threatened Midwest production at a time of tightening U.S. soy supplies, analysts said. Wheat futures firmed on short-covering and worries about frosty temperatures in the U.S. Plains wheat belt, while corn ended steady, […] Read more
U.S. livestock: Live cattle futures climb, led by firm cash trade
Chicago | Reuters — U.S. live cattle futures rose more than one per cent on Monday, with the benchmark December contract touching a 2-1/2-month top after cash cattle traded late last week about US$2/cwt higher than the previous week, traders said. The five-area average price for cash cattle last week was just above $109/cwt, according […] Read more
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