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CBOT November 2020 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Soybeans climb on increased Chinese demand

Egypt buys Russian wheat in tender; traders await USDA crop reports next week

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Chicago | Reuters — Chinese buying pushed U.S. soybean futures to their highest prices in more than two years on Thursday, while corn and wheat futures slumped. The U.S. Department of Agriculture confirmed private exporters sold 132,000 tonnes of U.S. soybeans to China and another 318,000 tonnes to unknown destinations, all for delivery in the […] Read more
CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans touch two-year high on dry weather

Wheat up with prices in Russia, Ukraine

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Chicago | Reuters — U.S. soybean futures hit their highest prices in more than two years on Monday before paring gains, as dry weather in parts of the U.S. Midwest is expected to damage the condition of crops, analysts said. Wheat futures set a four-month high, while corn futures retreated after touching their highest price […] Read more
CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn, soybeans, wheat rally

'We absolutely need heavy rainfall in a lot of areas'

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Chicago | Reuters — Chicago Board of Trade soybean futures jumped 1.8 per cent on Thursday to their highest in 7-1/2 months, with forecasts for dry weather in the U.S. Midwest threatening to hinder the crop throughout its late stages of development, traders said. “We absolutely need heavy rainfall in a lot of areas,” said […] Read more
CBOT November 2020 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Soy futures rise on fresh China sale

CBOT wheat firm, corn eases

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Chicago | Reuters — U.S. soybean futures rose to their highest level in more than seven months on Wednesday with stepped-up demand from China and dry weather threatening to cut U.S. Midwest yields supporting prices for a third day in a row, traders said. Corn eased on technical selling and profit-taking after rising to a […] Read more
CBOT weekly outlook: Markets prepare for Laura
Crops, Markets

CBOT weekly outlook: Markets prepare for Laura

Hurricane approaching U.S. Gulf Coast

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MarketsFarm — Hurricane Laura, currently a Category 3 hurricane, is expected to hit the U.S. Gulf Coast late Wednesday or early Thursday but the Chicago Board of Trade is already feeling its effects. “It’s going to bring widespread rain and flooding to the Delta region, where unharvested rice, corn and soybean crops may feel a […] Read more
CBOT December 2020 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Corn, soy futures rise on crop concerns

Wheat sags from one-month peak

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Chicago | Reuters — U.S. corn and soybean futures rose on Monday on expectations that a government report will show crop ratings deteriorated in the past week, underpinning recent forecasts that pegged the harvest below the U.S. Agriculture Department’s latest outlook. A spate of dryness across the U.S. Midwest, combined with a severe wind storm […] Read more
CBOT December 2020 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Corn gains as Iowa yields falter on storm damage

Soybeans even near seven-month high; wheat down slightly on Russian yield forecast

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Chicago | Reuters — Chicago corn rose on Friday after a U.S. Midwest crop tour found storm damage across top corn-growing state Iowa. Meanwhile, soybeans ended lower as tropical storms in the U.S. Gulf offered hope for much-needed rain in parts of the Midwest, offsetting strong export demand. And wheat rallied late in the day […] Read more
CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans touch seven-month high on export optimism

Wheat stays firm on demand

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Chicago | Reuters — Chicago soybean futures climbed to a seven-month high on Wednesday on U.S. export optimism and concerns over continued dryness across parts of the U.S. Midwest, traders said. Chicago corn edged lower, as a Midwest crop tour estimated higher yields, offsetting storm damage concerns in Iowa. The most active soybean contract on […] Read more
CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans near seven-month high as dryness threatens crop

Corn up one per cent after storm hits U.S. crop in key growing region

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Chicago | Reuters — Chicago soybean futures rallied on Monday to a nearly seven-month high on reports of dry weather in the United States, while corn futures hit their highest in a month on fresh concerns over damage from a storm in Iowa a week ago. August has been one of the driest on record […] Read more
Crops

Monday’s storm hit an estimated 37.7 million acres in U.S. Midwest

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Chicago | Reuters — A storm packing hurricane-force winds on Monday impacted 37.7 million acres of farmland across the Midwest, including 14 million in Iowa, the Iowa Soybean Association said on Friday, citing estimates from the U.S. Department of Agriculture. The toll from the derecho storm has worsened as farmers and grain handlers have spent […] Read more

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