Chicago Board of Trade soybean futures strengthened on Friday as some weather models showed heavy rain putting certain U.S. production areas at risk of flooding, though they closed down for the week.
Chicago Board of Trade corn slid on Thursday while soybeans closed at their lowest in two months as forecasts for heavy rains alleviated concerns about a heat wave in the central U.S. stressing crops.
Soybean and corn futures at the Chicago Board of Trade both find themselves in relatively sideways trading ranges watching Midwestern weather forecasts to provide nearby direction.
Chicago Board of Trade corn and soybean futures turned higher on Tuesday, reversing direction after a two-day slide, as investors tracked a heat wave moving across the eastern Corn Belt after the government reported a decline in U.S. crop ratings.
Chicago Board of Trade wheat and soybean futures fell sharply on Monday, with wheat at a near two-month low as fund selling pressure rolled into a short holiday trading week, traders said.
As of June 11, 2024, the net managed money short position in canola futures came in at 99,252 contracts (1,950 long/101,202 short), which was up by roughly 30,000 contracts from the previous week.
Chicago | Reuters – Chicago Board of Trade corn futures eased on Friday, a day after hitting a two-week high, as global crop weather looked mixed, analysts said. Wheat and […] Read more
Chicago | Reuters – Chicago Board of Trade corn futures set a two-week high on Thursday on concerns about rising temperatures in the U.S. farm belt. Global weather worries also […] Read more
Chicago | Reuters – U.S. wheat futures fell about 1.5 per cent on Wednesday as worries about global export demand and a year-on-year rise in U.S. inventories overshadowed support from […] Read more
Chicago | Reuters – U.S. wheat futures rallied on Tuesday after a nine-session slide, with the benchmark Chicago Board of Trade (CBOT) July WN24 wheat contract lifted by bargain buying […] Read more