Reading Time: < 1 minute MarketsFarm — As prices rise on the Chicago Board of Trade (CBOT), the opportunity for profit-taking becomes more prevalent. That said, values are very likely to continue increasing overall going into the week of April 26, according to analyst Terry Reilly of Futures International in Chicago. “By the end of this week, I do expect […] Read more
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CBOT weekly outlook: Futures very likely to remain on upswing
Soyoil driving crop commodity gains
U.S. grains: Corn, soy climb to multi-year highs
Tight supplies, weather woes supportive; wheat also up
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures climbed to multi-year highs on Wednesday, supported by firm cash markets as old-crop supplies dwindle and weather issues threaten prospects for the 2021 harvests, analysts said. Wheat futures also rose, drawing additional support from frosty temperatures in the Plains and Midwest. Chicago Board of Trade May […] Read more
U.S. grains: Corn tops $6 a bushel, soy at seven-year high
CBOT wheat also books life-of-contract high
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures climbed to their highest in nearly eight years on Tuesday and soybean futures neared a seven-year high as tightening supplies supported cash markets and attracted speculative buying, analysts said. Worries about dry conditions curbing corn yields in Brazil and cold weather slowing germination of the 2021 U.S. crop […] Read more
U.S. grains: Corn up on weather outlook, weaker dollar
CBOT May wheat down, K.C. May wheat up
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose on Monday, flirting with multi-year highs set last week, as forecasts for frosty weather and precipitation raised concerns about the pace of planting and germination, analysts said. A weaker dollar lent support, theoretically making U.S. grains more competitive globally. Soybeans followed corn higher, but wheat was choppy, […] Read more
Prairie cash wheat: Bids soar after weather events
U.S. May wheat futures up on week
Reading Time: 2 minutes MarketsFarm — Cash bids for Prairie wheat jumped as wintry weather made its way across the Prairies and U.S. northern Plains during the week ending Thursday. Wheat futures in the U.S. rose due to spillover from soybeans. However, a stronger Canadian dollar tempered Prairie wheat prices. Manitoba and Saskatchewan, as well as Montana, North Dakota […] Read more
U.S. grains: Soybean futures rise
Wheat eases, corn mixed, traders focused on weather
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Friday, gaining ground on corn contracts as the market tried to entice farmers to boost acreage of the oilseed despite the yellow grain’s rally to its highest in nearly eight years earlier this week. “The last two weeks all the talk has been about the corn […] Read more
U.S. grains: Corn futures retreat from peak above $6
Wheat, soybean futures rise
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures closed mixed on Thursday, with the most-active contract easing on pressure from commercial hedging after spiking above US$6 a bushel for the first time since June 2013 during overnight trading. But concerns about seeding delays due to cold weather in the U.S. Midwest lifted new-crop corn contracts. Weather […] Read more
CBOT weekly outlook: Tight old-crop supplies keep soy, corn strong
Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade posted solid gains during the week ended Wednesday, with the widening inverted spread between old-crop contracts and new-crop months a feature. “Commercials are buying any dips they can,” Sean Lusk of Walsh Trading said of the market. With the nearby months trading at […] Read more
U.S. grains: Futures rally on weather concerns
Wheat futures book biggest increases
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, corn and soybean futures rallied on Wednesday, supported by concerns that a cold snap in the U.S. Midwest and Plains could hamper crop development, traders said. Chicago Board of Trade corn gained 2.4 per cent to hit its highest since June 2013. Wheat futures posted the biggest increases, with […] Read more
U.S. grains: Soy, corn rise as funds step in after two losing sessions
Wheat up on 'water deficit' concerns
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Tuesday, bouncing back from two days of declines on bargain buying by investment funds and concerns about tight supplies of both commodities, traders said. Wheat futures also firmed, with concerns about dry soils limiting U.S. and European production underpinning prices. Corn and soybean futures […] Read more
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