MarketsFarm – Grain markets on the Chicago Board of Trade are “falling of its own weight” due to removed technical levels and a lack of substantive news to influence markets. “There’s just no news to generate any upside swing,” said Steve Georgy, President of Allendale Inc. in McHenry, Illinois. “Some technical levels were removed, and […] Read more
Tag Archives chicago board of trade — page 2
Chicago Board of Trade waiting on (any) news
Choppy corn and soy markets expected
CNS Canada – Chicago Board of Trade (CBOT) soybean contracts could see some action this week as the November contract near expiry. The corn contracts could also be hopping around during the week. “We’re getting some pressure in these markets because of the harvest pace that’s going on for the U.S. producer. So farmers are […] Read more
Damaged soybean crop hits farmers reeling from U.S.-China trade war
U.S. soy farmers are feeling the effects of a double whammy
Reuters – A rain-damaged soybean harvest in the United States Mississippi Delta region is heaping more pain on farmers already suffering from a damaging trade war between the U.S. and China that has dragged prices to lows not seen in a decade. Why it matters: Soybean growers in hard-hit regions may have to pay penalties […] Read more
Soybean price continues to be pressured
The Ontario soybean and corn crops look to be progressing well, but much of the winter wheat crop ended up as feed
Ontario cropping regions received above normal precipitation over the past 30 days, enhancing crop development for corn and soybeans. The corn crop is in the grain filling stage while pod filling is nearly complete for soybeans. The bulk of the winter wheat crop has been harvested while combines have rolled over limited acres of spring […] Read more
CME Group expands private trades in grain markets, raising worries
Chicago | Reuters – Exchange operator CME Group Inc will allow a type of privately negotiated transaction in all its agricultural markets for the first time on Monday, splitting traders who predict the move will either improve or hurt transparency. CME Group, which owns the Chicago Board of Trade (CBOT) and the Chicago Mercantile Exchange, […] Read more
ICE Canada Weekly Outlook: Canola off highs, but watching weather
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts moved lower during the week ended July 26, as improving weather conditions in parts of Western Canada and the US Midwest saw speculators liquidating some of their long positions. While the nearby charts turned bearish, canola rebounded off of its lows on Wednesday taking some direction […] Read more
CBOT weekly outlook: ‘Managed money crowd’ buoys futures
CNS Canada — Bullish weather propped up Chicago Board of Trade (CBOT) corn and soybean futures, spurring spec buying on the week — but it’s likely not enough to break the commodities’ ranges, one U.S. analyst says. “Lately here, of course it’s been weather with all the rain last week and over the weekend. The […] Read more
U.S. grains: Soy surges as export hopes rise
Chicago | Reuters — U.S. soybean, corn and wheat futures rose on Friday on bargain buying after all three commodities posted sharp declines on Thursday. Soybeans led the gains, with the most-active contract rising 2.6 per cent. Underpinning soy were hopes that the U.S. exporters will continue to pick up overseas demand even as harvest […] Read more
CBOT weekly outlook: Soy, corn consolidating
CNS Canada –– Soybean futures at the Chicago Board of Trade appear to be running out of room to the upside, and are now consolidating after posting sharp gains through March and April. “A lot of positive news has now been discounted,” said Rich Feltes, vice-president of research at RJ O’Brien in Chicago, noting export […] Read more
CBOT weekly outlook: Corn, soy trade up, but fundamentals bearish
CNS Canada — Despite short-term bullish factors in Chicago Board of Trade (CBOT) corn and soybeans, one analyst anticipates prices will be pressured in coming weeks. To start the week, a turnaround in crude oil markets supported prices, said Terry Reilly, senior commodity analyst at Futures International. Rebounds in Malaysian palm oil prices are also […] Read more
Cyber-Savvy Farmer
