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Crops, Markets

CBOT weekly update: U.S. Fed decision one of many factors 

Russia’s withdrawal from Black Sea Grain Initiative, attacks on Ukrainian ports have caused erratic price movement

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Marketsfarm – The decision by the United States Federal Reserve on July 26 to raise its key interest rates mostly served as a distraction on the Chicago Board of Trade (CBOT) from other events affecting grain futures.  The central bank continued its efforts to wrangle inflation by pushing interest rates up 25 basis points to […] Read more
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Crops, Markets

Fund position flips to net long in canola

The last time the market was showing a net long position was the first week of January

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MarketsFarm – The managed money position in canola flipped from a net short to a net long for the first time in six months during the week ended July 18, as fund traders covered short positions and put on new bullish bets, according to the latest Commitments of Traders report from the United States Commodity […] Read more
The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Markets

CBOT weekly update: Dry conditions, war propel prices upward

Rally may push well into the week of July 24 and perhaps further: broker

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MarketsFarm – Prices on the Chicago Board of Trade continued to rally on July 19, and to Scott Capinegro of Barrington Commodity Brokers of Barrington, Ill., they appeared set to push higher.  Capinegro pointed to the hot and dry weather across much of the United States as the main reason for the gains being made […] Read more
The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Crops, Markets

US Grains: wheat futures end firmer amid Black Sea supply worries

Ukrainian officials said Russian air strikes damaged the port of Odesa

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Chicago | Reuters – Chicago Board of Trade wheat futures finished stronger on Tuesday after Ukrainian officials said Russian air strikes damaged infrastructure at the port of Odesa, a day after Moscow quit the Black Sea grain export deal. The strikes diminished some expectations that Russia may still renew the export deal, analysts said. Markets […] Read more
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Crops, Markets

CBOT weekly outlook: Ending stocks of corn, soy predicted to rise

Ending stocks of wheat projected to drop as drought hits Kansas winter wheat

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MarketsFarm — Ahead of supply and demand estimates from the U.S. Department of Agriculture due out Friday, analyst Tom Lilja of Progressive Ag in Fargo, N.D. predicted increases in 2023-24 ending stocks for U.S. corn and soybeans and decline for wheat. The average trade guess for wheat going into this month’s report was approximately 570 […] Read more
Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: Quick seeding bringing down prices 

U.S. debt ceiling negotiations affected crude oil prices, agricultural commodities mostly immune

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MarketsFarm – Prices for corn, soybeans and wheat on the Chicago Board of Trade (CBOT) were pressured by fast planting paces during the week ended May 31, according to one trader.  The U.S. Department of Agriculture (USDA) reported on May 30 that 92 per cent of the country’s corn crop was planted as of Sunday, […] Read more
Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: U.S. planted acres in flux

USDA's next WASDE due out Tuesday; ending stocks expected to increase

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MarketsFarm — Ahead of the April supply and demand report from the U.S. Department of Agriculture (USDA), Scott Capinegro of Barrington Commodities said he expects ending stocks to increase — while planted acres are likely to change. “After looking at the [quarterly grain] stocks numbers, you would think they would be lowering ending stocks just […] Read more
Corn and soybeans sitting firm ahead of USDA report
Crops, Markets

Corn and soybeans sitting firm ahead of USDA report

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CNS Canada – Corn and soybean markets at the Chicago Board of Trade have been strengthening ahead of Friday’s World Agricultural Supply and Demand Estimates report from the United States Department of Agriculture. “There’s been a lot of really big yield estimates we’ve been throwing around that people are starting to walk back a little […] Read more
(Lisa Guenther photo)
Crops, Markets

CBOT soy, corn retreating with harvest pressure

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CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved lower during the week ended Wednesday, retreating from the nearby highs hit the previous week as increased farmer and speculative selling weighed on values. Both soybeans and corn hit three-month highs last Wednesday (Nov. 12) before turning lower in subsequent days. […] Read more
Markets

U.S. grains: soymeal makes biggest monthly gain since 1976

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Chicago / Reuters – U.S. soymeal climbed 2 per cent on Friday, capping the commodity’s best monthly performance since 1976, as short-term supply strains in the United States continued to fuel buying. Soybeans also rose sharply and corn turned higher late, following gains in soymeal, while wheat declined on pressure from multiyear highs in the dollar that made the crops less competitive […] Read more

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