As the last full of week of April is set to wind down, two factors will determine the course of United States soybean, corn and wheat futures. Those are the rain forecast for the weekend of Apr. 27 and 28, and last day for May futures on Apr. 26, according to hedging strategist Scott Capinegro of AgMarket.net.
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CBOT weekly outlook: May futures winding down, coming rains factor into prices
U.S. grains: Wheat extends rally as US crop rating fall keeps weather in focus
Chicago wheat surged to a two-month high on Tuesday as a decline in U.S. winter wheat conditions focused attention on weather risks to northern hemisphere crops.
Klassen: Feeder market recovers from weather discount
Compared to last week, backgrounded yearlings traded $4-$8/cwt higher on average. Calves were quite variable with prices quoted from unchanged to as much as $10 higher. Overall, there appeared to be stronger buying interest this week across all weight categories.
U.S. grains: Wheat futures rally as weather risks rattle markets
U.S. wheat futures rallied to their highest point in more than two months before the session closed on Monday as crop weather concerns in the Northern Hemisphere supported prices and triggered technical buying and short covering, which accelerated the climb, analysts said.
U.S. grains: Soy, corn futures rally on bargain buying, geopolitical tensions
U.S. corn and soybean prices rose on Friday as heightened geopolitical tensions spurred a round of bargain buying after the benchmark contracts in both markets fell to their lowest levels in more than six weeks, traders said.
U.S. grains: Soybeans fall on South American supply, dry weather supports wheat
U.S. soybean and corn futures closed lower on Thursday after touching six-week lows, with both markets facing pressure from hefty South American supplies, traders said.
U.S. grains: Soybeans edge higher as Brazilian market firms
U.S. soybean futures rose on Wednesday, bouncing on a round of bargain buying after the most-active July contract SN24 hit a six-week low, buoyed in part by firming Brazilian soy markets, analysts said.
U.S. grains: Soybeans ease under pressure from firm dollar
Chicago Board of Trade soybean futures extended their fall on Tuesday as a strong dollar weighed down the market, analysts said.
Klassen: Adverse weather weighs on Western Canadian feeder market
Southern Alberta has received over 200 percent of normal precipitation over the past 30 days. Pen conditions are rated poor to very poor in the main feeding pockets of Alberta. Saskatchewan and Manitoba have received less than 40 per cent of normal while Central Alberta has normal to below normal precipitation.
U.S. grains: Markets react calmly to Iran drone attack on Israel
Grain, soy futures end lower; USDA winter wheat ratings decline
CBOT soy, corn and wheat futures closed lower on Monday, anchored by ample grain supplies, slow export demand and a decline in crude oil futures after concerns eased about Iran's weekend drone attack on Israel, analysts said.
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