Chicago | Reuters — U.S. soybean futures fell on Tuesday on profit-taking after Monday’s multi-month highs and fundamental pressure from the advancing harvest of a likely record-large soy crop in Brazil, analysts said. Corn and wheat drifted lower in technical moves with worries about a global recession adding to bearish sentiment. Chicago Board of Trade […] Read more
Tag Archives soybean
U.S. grains: Soy eases off multi-month highs
Futures down as Brazil's harvest progresses; CBOT corn, wheat also down
China to plant more soy, speed up GMOs to ensure food supply
Beijing reiterates goals to increase soy acres, intercrop with corn
Beijing | Reuters — China will increase its efforts to boost output of soybeans and edible oils, state media reported on Monday, citing a key rural policy document, as it continues to push for greater self-sufficiency in its key food supplies. The world’s top soybean buyer is trying to lower its heavy reliance on imports […] Read more
U.S. grains: Soymeal touches highest since 2014
Spec buying, Argentina weather lifts meal futures; CBOT March corn, wheat, soybeans also up
Chicago | Reuters — U.S. soymeal futures hit their highest in almost nine years on Monday on speculative buying and uncertainty about crop prospects in Argentina, despite recent rains, analysts said. Surging soymeal values lifted soybean futures, while corn and wheat rose on worries about the future of Ukraine’s safe shipping channel for grain exports. […] Read more
U.S. grains: Wheat strong on concerns about Ukraine, Russian exports
Chicago corn, soy futures rise
Chicago | Reuters — U.S. wheat futures rallied on Friday, supported by concerns the grain deal allowing for Russian and Ukraine exports from Black Sea ports could splinter amid escalations in the nearly year-long war between the two countries, traders said. Corn and soybean futures also were strong, with corn following the gains in wheat […] Read more
U.S. grains: Wheat, corn, soybean futures fall
U.S. export sales data in focus
Chicago | Reuters — U.S. wheat futures dropped on Thursday, with rains in the U.S. Plains easing some concerns about crop health in that key growing area, traders said. Corn and soybean futures also were weaker, pressured by lacklustre export data and expectations that overseas buyers will soon shift their orders to Brazil and Argentina […] Read more
CBOT weekly outlook: Latest USDA adjustments do little to move market
Selling pressure short-lived after report
MarketsFarm — Updated supply/demand estimates (WASDE) from the U.S. Department of Agriculture were neutral to slightly bearish for soybeans, corn and wheat, with latest numbers largely coming in line with expectations. The February report is traditionally not a major market mover, with the Chicago futures markets waiting for confirmation on South American crops and for […] Read more
U.S. grains: Chicago wheat, corn, soy firm on WASDE report
South America's weather drags on competing exports
Chicago | Reuters — Chicago wheat, corn and soybean futures firmed on Wednesday, supported by weather conditions in South America that hamper rival exports, though higher-than-expected U.S. supplies limited gains. The most-active wheat contract on the Chicago Board of Trade (CBOT) added 15 cents to $7.64-3/4 a bushel (all figures US$). CBOT soybeans added 4-1/2 […] Read more
U.S. grains: Corn, soybeans fall ahead of USDA report
U.S. wheat futures end mixed
Chicago | Reuters — Chicago Board of Trade soybean and corn futures fell on Tuesday as investors squared positions ahead of the U.S. government’s key monthly reports on global supply and demand. Traders were focused on the size of the corn and soybean harvests in Argentina as drought stressed the crops in that key global […] Read more
U.S. grains: Soy futures fall on technical selling
Corn edges higher; wheat weak
Chicago | Reuters — U.S. soybean futures dropped on Monday on a technical setback after rallying to the high end of recent trading ranges last week, traders said. Corn ended higher after trading in negative territory for much of the day, with the market finding support near Friday’s low. Investors were waiting for news about […] Read more
U.S. grains: Soymeal futures set multi-year high while soybeans decline
CBOT wheat down off one-month top; CFTC trading report to be delayed
Chicago | Reuters — U.S. soybean futures declined on Friday on spillover weakness from crude oil prices and expectations of a massive Brazilian soy harvest, but most-active soymeal futures set an 8-1/2-year high on tight supplies of the feed ingredient, analysts said. Wheat futures fell on profit-taking after rising to a one-month top while corn […] Read more
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