Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Friday, supported by Russia’s plan to double its tax on exports of the grain, while corn and soybeans fell as traders took money out of the market following their surge to multi-year highs earlier in the week. Wheat traded both sides of unchanged, ending in positive […] Read more
Tag Archives soybean
U.S. grains: Wheat rises on Russian export tax plan
Corn, soybeans fall on profit-taking
U.S. grains: Soybeans, corn, wheat rally
Futures up, but below recent peaks
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose 1.7 per cent on Thursday, underpinned by the strong demand highlighted in the U.S. Agriculture Department’s monthly supply and demand report on Tuesday, traders said. Corn futures also rallied, with the market receiving a boost after the U.S. Environmental Protection Agency said it would not rule on […] Read more
U.S. grains: CBOT corn touches 7-1/2-year high
Chicago wheat, soybeans down on profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose 1.4 per cent on Wednesday, hitting a 7-1/2-year high with the market focused on prospects for tight global supplies after the U.S. Department of Agriculture cut production estimates for the U.S., Brazil and Argentina. “The number on corn was a game changer yesterday,” said Dan Smith, senior […] Read more
U.S. grains: Futures surge to highest since 2014 as USDA cuts supply outlook
Wheat futures at six-year high; corn, soy at 6-1/2 year highs
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures surged to fresh multi-year highs on Tuesday after the U.S. Department of Agriculture (USDA) said 2020 U.S. corn and soy harvests were smaller than expected and stocks of key crops were thinner that previously thought. Corn jumped by as much as five per cent, while […] Read more
U.S. grains: Futures slip on South American rains
USDA report seen cutting U.S. soy, corn supply estimates
Reading Time: 2 minutes 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
Reading Time: 2 minutes 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, corn futures ease off six-year highs
New USDA reports awaited
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures declined on Thursday for the first time in seven sessions, pausing after concerns about dry weather in South America and export disruption in Argentina pushed prices to their highest in more than six years. Corn futures also eased and wheat fell for a second session after hitting multiyear […] Read more
ICE weekly outlook: Rallying canola not at top yet
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts continued to climb higher during the first few trading days of 2021 — and could still see more gains before the inevitable correction. “We’re not necessarily at the top,” said analyst Errol Anderson of Pro Market Communications in Calgary, adding “the market is going through intense demand rationing right […] Read more
CBOT weekly outlook: South American weather, labour issues prop up prices
Reading Time: < 1 minute MarketsFarm — Market participants on the Chicago Board of Trade expect agriculture commodity prices to continue to rise in 2021. Terry Reilly, a grains analyst with Futures International, said corn is expected to hit around $5.25 per bushel, while soybeans will be around $14.50 (all figures US$). The March wheat contract is expected to reach […] Read more
U.S. grains: Corn tops US$5 for first time since 2014
'Water deficit' in Argentina draws interest
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures climbed to fresh 6-1/2 year highs on Wednesday, as worries about dry weather hurting Argentine crops attracted speculative buyers, analysts said. Wheat futures fell on a lack of fresh supportive news and an upturn in the dollar, which tends to make U.S. grains less competitive globally. […] Read more
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