Chicago | Reuters — U.S. wheat futures fell to a one-month low on Thursday, pressured by forecasts for welcome moisture in the southern U.S. Plains crop belt that should boost wheat production prospects, traders said. But soybean and corn futures ended higher, supported by South American supply worries and soaring global vegetable oil prices. Chicago […] Read more
Tag Archives south america — page 8
U.S. grains: Wheat down on forecasts for Plains moisture
CBOT soybeans and corn both end higher
CBOT weekly outlook: U.S. supply and demand report stands pat
MarketsFarm — Expected changes to ending stocks for soybeans, corn and wheat did not occur in the latest supply and demand report Tuesday from the U.S. Department of Agriculture (USDA). Rather, the department held onto its February projections. “I’m disappointed [the USDA] didn’t adjust anything. I’m not saying they didn’t do their homework. I’m just […] Read more
CBOT weekly outlook: South American weather woes lift soy, corn
MarketsFarm — While most of North America is recovering after a deep freeze last week, conditions in South America are still affecting prices in soybeans and corn futures at the Chicago Board of Trade. Dry weather conditions in southern parts of the continent, along with wet weather in Brazil, have limited both the harvest and […] Read more
U.S. grains: CBOT corn, soybeans rebound on strong demand
March wheat closes weak
Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Thursday, with end users stepping in to buy the market one day after prices posted sharp declines. “On hard breaks, the end users really need the supply,” said Don Roose, president of U.S. Commodities in West Des Moines, Iowa. “They are […] Read more
U.S. grains: Corn, soy, wheat fall sharply on profit taking
'We just ran out of bullish news'
Chicago | Reuters — U.S. corn, soybean and wheat futures posted sharp losses on Wednesday on a round of long liquidation by investment funds after all three commodities rallied to multi-year highs in 2021, traders said. “We have really run this market up hard,” said Ben Buie, grain team leader at MaxYield Cooperative in West […] Read more
U.S. grains: Soybeans dive to biggest weekly loss in 6-1/2 years
Soy, corn tumble on improved weather; wheat extends fall
Chicago | Reuters — Chicago soybean futures slid more than four per cent on Friday — while corn futures dropped their daily limit — as rains in key South American growing areas offered relief amid tight global supplies, overshadowing strong weekly U.S. export data. Wheat futures tumbled four per cent. The Chicago Board of Trade […] Read more
CBOT weekly outlook: Soy, corn turn bearish
Traders keep an eye on South America
MarketsFarm — Soybean and corn futures backed away from multi-year highs during the week ended Wednesday, as investors took profits and weather conditions showed some improvement in South America. “The technicals are a little bearish for both corn and beans,” said Terry Reilly of Futures International in Chicago. The managed money long position in soybeans, […] Read more
U.S. grains: Futures slip on South American rains
USDA report seen cutting U.S. soy, corn supply estimates
Chicago | Reuters — U.S. soybean futures slipped from 6-1/2-year highs on Monday on crop-boosting rains in South America and as investors squared positions ahead of eagerly awaited U.S. government crop forecast data due on Tuesday. Corn and wheat futures also pulled back from multi-year peaks posted last week as the U.S. dollar firmed and […] Read more
U.S. grains: Soybeans to 6-1/2-year top on expectations of tightening stocks
Corn futures up, wheat retreats
Chicago | Reuters — U.S. soybean futures resumed their rally on Friday after a light setback a day earlier, climbing to 6-1/2-year highs on signs of fresh export demand and expectations that key U.S. crop reports next week will indicate tightening global supplies. Corn futures also rose, hovering near multi-year highs set this week above […] Read more
U.S. grains: Soy rally extends into 2021
South America soybean supply fears continue; corn ends mixed
Chicago | Reuters — U.S. soybean futures extended a rally to 6-1/2-year highs before trimming gains on Monday as dry crop weather and disruptions to exports in South America continued to unsettle investors at a time of brisk Chinese demand, analysts said. Wheat closed modestly higher, while corn ended mixed, as both commodities pared gains […] Read more
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