Chicago | Reuters — U.S. corn and soybeans were steady to higher on Friday as investors looked past revised U.S. Department of Agriculture (USDA) supply-and-demand projections and focused on improved prospects for exports to China, which is due to sign an interim trade deal with the United States next week. The USDA data, released during […] Read more
U.S. grains: Corn, soy shrug off benign USDA data
U.S. grains: Wheat up, corn and soy down awaiting USDA data
Chicago | Reuters — U.S. wheat futures jumped on Thursday in a rebound from the market’s recent slide and soybeans and corn eased as investors squared positions ahead of an eagerly awaited U.S. Department of Agriculture (USDA) supply-and-demand report due on Friday. Rising global prices and forecasts for reduced U.S. plantings this season gave wheat […] Read more
CBOT weekly outlook: 2019 ends on high note
MarketsFarm — Despite a number of tough challenges in 2019, one broker at the Chicago Board of Trade said the year ended on a high note. “For what we went through with China this whole year, this trade war, you had corn, wheat and soybeans close higher for the year on Dec. 31,” said Scott […] Read more
Argentine soybeans facing tax increases
MarketsFarm — Not many major divergences can be seen between the U.S. Department of Agriculture’s data (USDA) on Argentina’s soybean crop and data from the department’s attaché in Buenos Aires. What may bring changes to the country’s soybean industry are tax increases imposed by the new federal government, according to Benjamin Boroughs, the USDA attaché. […] Read more
U.S. grains: Prices narrowly mixed as traders assess Mideast risk
Chicago | Reuters — Chicago soybean and grain futures were narrowly mixed on Wednesday as traders’ jitters eased after Iran and the United States signalled a de-escalation of tensions after an Iranian missile attack against U.S. forces in Iraq. Investors also continued to square positions ahead of a key U.S. Department of Agriculture (USDA) crop […] Read more
U.S. grains: Soybeans slide as rain boosts South American crops
Chicago | Reuters –– U.S. soybean futures ended mostly lower on Tuesday on crop-boosting rains in South America and as investors squared positions ahead of a key U.S. Department of Agriculture (USDA) crop report due on Friday, although short-covering trimmed losses late in the session. Corn and wheat futures were mostly flat as late-session short […] Read more
U.S. grains: Soybeans bounce on China trade hopes
Chicago | Reuters — U.S. soybean futures recovered slightly on Monday from steep declines in the previous session as hopes for improved exports to China outweighed worries about rising tensions in the Middle East. Corn and wheat futures declined on technical selling and profit-taking from last week’s multi-month highs and as investors look ahead to […] Read more
U.S. grains: Futures weaken as Iraq strike rattles markets
Chicago | Reuters — U.S. grain and soybean futures crumbled on Friday as traders booked profits after being spooked by a U.S. air strike in Iraq that escalated geopolitical tensions in the Middle East. The strike that killed Iran’s most prominent military commander put markets on edge and opened the door for a setback a […] Read more
U.S. grains: Wheat, soy hit 2018 highs
Chicago | Reuters — U.S. grain and soybean futures hit 2018 highs to start the new year as traders continued to expect increased Chinese demand once Washington and Beijing ink an initial trade deal. The gains on Thursday extended annual advances from 2019, a year marked by farmer stress over the U.S.-China trade war and […] Read more
CBOT weekly outlook: Trade optimistic ahead of Phase One signing
MarketsFarm — Agriculture commodities on the Chicago Board of Trade started the decade on a high note, thanks to general optimism regarding an impending trade deal between the U.S. and China. Phase One of the trade deal between the two countries is set to be signed at the White House on Jan. 15, according to […] Read more