CNS Canada — The troublesome weather that gave Chicago Board of Trade (CBOT) corn, soybean and wheat contracts a boost over the past week should remain supportive, despite nearby technical setbacks, according to a trader. “I’m still slightly bullish on beans, corn and wheat given the unfavourable weather situation in South America, with too much […] Read more
CBOT weekly outlook: Futures get weather boost
U.S. grains: Profit-taking drags wheat from multimonth peaks
Chicago | Reuters — U.S. winter wheat futures turned lower on Wednesday in a profit-taking setback from multi-month highs after five straight sessions of gains fuelled by concerns over poor crop conditions in the U.S. Soybeans were also lower as traders banked profits from a recent grain market rally and a slightly improved crop weather […] Read more
U.S. grains: Winter wheat jumps as crop conditions drop
Chicago | Reuters — U.S. winter wheat futures surged to their highest in at least four months on Tuesday, led by a more than three per cent rally in hard red winter wheat, after the government slashed condition ratings for the drought-hit U.S. Plains crop. Soybeans and corn also advanced on technical buying and short […] Read more
You might soon be seeding in February or March
Researchers successfully grow ‘spring-type winter wheats’ in Alberta and say it could be an option by 2020
Reading Time: 4 minutes What kind of wheat crop might you get if you seeded in February or March? One that’s not half bad, if the preliminary results of a recent federal research study are any indication. “How can you get a little more yield? Well, you can put it in the ground a little bit earlier,” said University […] Read more
U.S. grains: Corn, soy rise on South American weather worries
Chicago | Reuters — U.S. soybean and corn futures climbed on Monday on short-covering and concerns that the weather in South America could hamper production of the crops in Brazil and Argentina. Wheat rallied around two per cent as commodity funds exited short positions and on increasing worries that dry weather in the U.S. Plains […] Read more
CBOT weekly outlook: Markets stabilize following USDA reports
CNS Canada — Corn and soybean contracts on the Chicago Board of Trade (CBOT) are catching up following the release of U.S. Department of Agriculture (USDA) reports last Friday. Corn “went down on Friday in response to the report. We couldn’t file through it all yesterday. So we actually ended up finding some short-covering and […] Read more
U.S. grains: Wheat hits one-month low on supplies, acreage forecasts
Chicago | Reuters — U.S. wheat futures fell to a one-month low on Tuesday, pressured by ample global grain supplies and a government forecast on Friday that said U.S. farmers planted more winter wheat this season than had been expected. Soybeans climbed to a one-week high on short-covering and concerns that dry conditions in Argentina […] Read more
U.S. grains: Wheat drops most since August after USDA acreage surprise
Chicago | Reuters — Chicago wheat futures tumbled nearly three per cent on Friday, notching their biggest daily decline since August, after the U.S. Department of Agriculture showed larger-than-expected U.S. winter wheat plantings. Corn futures fell to life-of-contract lows, while soybeans turned higher in a recovery from four-month lows in the wake of the midday […] Read more
USDA raises corn harvest view
Washington | Reuters — The U.S. Agriculture Department on Friday boosted its estimate of domestic corn production due to a record yield that stemmed from bumper harvests in major growing states such as Illinois as well as some of the smaller production areas. USDA also trimmed its view of soybean production, although the 2017 crop […] Read more
CBOT weekly outlook: Markets await USDA reports
CNS Canada — Updated production, stocks and acreage numbers due out from the U.S. Department of Agriculture on Friday should provide some nearby direction for U.S. grain and oilseed markets. “I can’t really get too bullish on the bean market with the large USDA estimates hanging over our heads,” said Terry Reilly of Futures International […] Read more
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