Chicago | Reuters — Chicago Board of Trade soybean futures rallied 1.4 per cent on Friday on hotter and drier forecasts for important growing areas of the U.S. Midwest, traders said. Concerns about the forecast also supported corn futures but the market closed off session highs as profit-taking weighed on prices after their run-up to […] Read more
Tag Archives midwest — page 18
U.S. grains: Soybeans, corn firm on weather view
U.S. grains: Corn sags on U.S. weather
Chicago | Reuters — U.S. corn futures fell more than two per cent on Monday on forecasts for mostly benign weather in the Midwest as the crop heads into its pollination phase next month, analysts said. Corn closed near its session lows and appeared to drag down soybeans as well. Chicago Board of Trade July […] Read more
U.S. grains: Corn, soybeans end higher ahead of hot spell
Chicago | Reuters — U.S. corn and soybean futures firmed on Friday as forecasts for scorching temperatures in the Midwest crop belt through early next week prompted funds to cover short positions, analysts said. Chicago Board of Trade winter wheat futures fell on profit-taking but still posted a weekly advance of 3.8 per cent, triggered […] Read more
U.S. grains: Corn near one-year high, spring wheat soars
Chicago | Reuters — U.S. spot corn futures hit their highest level in nearly a year before paring gains on Thursday and Minneapolis spring wheat neared a two-year top on worries about hot and dry weather stressing crops in the northern Plains and Midwest, analysts said. Soybean futures also firmed. Chicago Board of Trade July […] Read more
U.S. grains: Corn, soybeans rise after rains
Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Monday morning, supported by concerns that rain will delay field work in key growing areas and may damage some recently seeded crops, traders said. “Grain futures are trying to start the week higher across the board following a soggy weekend across […] Read more
U.S. grains: Corn hits one-week high on weather worries
Chicago | Reuters — U.S. corn futures rose nearly two per cent on Friday and notched a one-week high as worries about cool temperatures and excessive rains in the Midwest prompted traders to cover short positions ahead of the weekend, analysts said. Soybeans firmed following Thursday’s three per cent selloff as Brazil’s currency stabilized. Wheat […] Read more
CBOT weekly outlook: Weather concerns keep room to the upside
CNS Canada — Soybean and corn futures at the Chicago Board of Trade remain rangebound overall, though there may be room to the upside despite the generally bearish underlying fundamentals, according to an analyst. While large South American crops should weigh on both commodities, U.S. production is still very much in the air as excessive […] Read more
U.S. grains: Corn inches higher on weather uncertainty
Chicago | Reuters — U.S. corn futures firmed on Friday on light short-covering ahead of the weekend and uncertainty about planting weather in the Midwest, analysts said, while soybeans and wheat closed modestly lower. Chicago Board of Trade July corn settled up 1-3/4 cents at $3.71 per bushel (all figures US$). July soybeans ended down […] Read more
U.S. grains: Soy, corn sag on technical selling
Chicago | Reuters — U.S. soybean futures hit a 1-1/2-week low on Thursday, pressured by follow-through weakness after Wednesday’s poor technical close and some farmer selling, analysts said. Corn futures sagged as forecasts called for improving weather in the U.S. Midwest, where wet conditions have stalled planting in some areas. Wheat futures were modestly higher. […] Read more
CBOT weekly outlook: Corn, soybeans poised for move upward
CNS Canada — Wet weather across much of the Midwest could be throwing a monkey wrench into the plans of U.S. corn farmers, according to a market-watcher. Scott Capinegro, president of Barrington Commodity Brokers in Barrington, Illinois, says much of the U.S. corn crop still has to go into the ground while some crops need […] Read more
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