Chicago | Reuters — U.S. corn and soybean futures rallied on Monday as commercial and technical buyers stepped in to take advantage of Friday’s steep declines, analysts said. Wheat futures firmed on bargain-buying after a four-session slide and improving export prospects. Chicago Board of Trade March corn settled up 11 cents at $5.11-1/2 per bushel, […] Read more
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U.S. grains: Corn, soy up on bargain-buying after Friday’s slump
Chicago wheat also climbs
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
U.S. grains: South American supply issues wane
Soy up, but off early gains; corn boosted by export demand
Chicago | Reuters — Chicago soybeans ended the session slightly up after a three-session losing streak on Thursday, but larger early gains were erased as rains across South America eased supply worries. Corn prices firmed, supported by fresh demand amid tightening global supplies, while wheat fell on a lack of fresh export news. The Chicago […] 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
U.S. grains: Soybeans fall, pressured by fund selling
Brazil, Argentina showers ease soy, corn supply concerns
Chicago | Reuters — Chicago soybean futures fell on Wednesday, touching their lowest in more than a week, pressured by technical selling combined with rains across South America, which eased supply concerns. Corn followed, also pressured by beneficial South American rains, while wheat ended lower, but was supported by export optimism. The Chicago Board of […] Read more
U.S. grains: Soybeans fall on South American rainfall
Russian export tax supports U.S. wheat; corn follows soybeans
Chicago | Reuters — Chicago soybean futures slid on Tuesday as rain across South America strengthened crop prospects and bolstered the global supply outlook, traders said. Corn followed soybeans lower, but was supported by strong export demand and possible export limits in Ukraine. Wheat futures fell slightly, but were bolstered by an export tax in […] Read more
U.S. grains: CBOT corn touches 7-1/2-year high
Chicago wheat, soybeans down on profit-taking
Chicago | Reuters — U.S. corn futures rose 1.4 per cent on Wednesday, hitting a 7-1/2-year high with the market focused on prospects for tight global supplies after the U.S. Department of Agriculture cut production estimates for the U.S., Brazil and Argentina. “The number on corn was a game changer yesterday,” said Dan Smith, senior […] Read more
Drier South American conditions supporting soybean prices
Russia planning tariffs on grains as of February
Statistics Canada’s final crop survey confirmed above-average yields for Ontario corn and soybeans; however, winter wheat yields came in similar to the five-year average. Quick look Soybeans: Ontario 2020 production was higher than the five-year average. Corn: Corn production in Ontario is up .3 million tonnes over the five-year average. Wheat: Canadian non-durum wheat stocks […] Read more
U.S. grains: Soy, corn futures ease off six-year highs
New USDA reports awaited
Chicago | Reuters — U.S. soybean futures declined on Thursday for the first time in seven sessions, pausing after concerns about dry weather in South America and export disruption in Argentina pushed prices to their highest in more than six years. Corn futures also eased and wheat fell for a second session after hitting multiyear […] Read more
U.S. grains: Soybeans set fresh high on supply worries, technical buying
Chicago wheat, corn also close higher
Chicago | Reuters — U.S. soybean futures soared on Tuesday, climbing to fresh 6-1/2-year highs on a mix of fund-driven technical buying and worries about South American supplies, analysts said. Corn followed soybeans higher but stayed below psychological resistance at the $5 per bushel mark (all figures US$). Wheat rose about two per cent, setting […] Read more
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