MarketsFarm — There’s no doubt commodities on the Chicago Board of Trade have struggled since the coronavirus outbreak in China, but the situation could be worse, a trader said. “I personally think the markets… are holding up pretty well with all of the negative news,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. Some […] Read more
Tag Archives u.s. dollar — page 37
CBOT weekly outlook: Commodities hold up while waiting on China
U.S. grains: Soy up on prospects for Chinese demand
U.S. dollar strength drags on wheat, corn
Chicago | Reuters — U.S. soybean futures rose on Thursday, rallying from early declines on short-covering and prospects for China to step up purchases of U.S. supplies as the U.S.-China Phase One deal goes into effect in days, traders said. But wheat and corn futures fell, pressured by a stronger U.S. dollar, worries about economic […] Read more
U.S. grains: Markets remain cautious, rangebound ahead of holiday
Chicago | Reuters – U.S. soybean futures were mixed on Tuesday, slipping at one point from a six-week high hit in the previous session, as grain markets remained cautious and positive trade news with China weighed against disappointing export sales data, traders said. The market has high expectations of top-consumer China ramping up soy purchases […] Read more
U.S. grains: Soy futures hit six-week high on U.S.-China trade hopes
Chicago | Reuters – U.S. soybean futures touched a six-week high on Monday on optimism that China would ramp up purchases of U.S. soy following this month’s announcement of a “Phase 1” trade deal, analysts said. Corn futures firmed, following strength in soybeans, while wheat turned lower in thin technical trade ahead of this week’s […] Read more
U.S. grains: Wheat futures rally as U.S. cold snap threatens crops
Chicago | Reuters – U.S. wheat futures jumped on Tuesday as traders worried a cold snap would hurt recently planted crops. Temperatures dropped near zero Fahrenheit (-18 Celsius) in wheat-growing areas of the U.S. Plains, including in western Kansas, according to a daily weather report from the U.S. Department of Agriculture. A separate weekly USDA report, […] Read more
U.S. grains: Corn edges up after USDA trims U.S. harvest outlook, soybeans drop
Chicago | Reuters – U.S. corn futures firmed on Friday after the U.S. Department of Agriculture lowered its U.S. yield and harvest forecasts in a monthly crop report, though gains were kept in check by worries about weak demand. Soybeans fell as the USDA left its U.S. crop yield and harvest outlooks unchanged despite poor weather this […] Read more
U.S. grains: Soy rallies on strong exports, fresh U.S.-China trade deal optimism
Chicago | Reuters – U.S. soybean futures rebounded from two sessions of declines on Thursday on stronger-than-expected export sales and renewed optimism about an interim U.S.-China trade deal after government officials said it could include a phased rollback of tariffs. Corn futures slumped for a sixth straight session on weak export demand and investor positioning […] Read more
U.S. grains: Soybeans drop on U.S. harvest, worries over interim China trade deal
Chicago | Reuters – U.S. soybean futures slumped on Wednesday on rising supplies from the ongoing U.S. harvest and concerns about a delay in finalizing a “phase one” trade deal with China that could speed imports by the world’s top buyer. Corn also weakened on harvest pressure and dull demand for U.S. supplies, while wheat […] Read more
U.S. grains: Corn, soybeans retreat as mostly dry weather accelerates U.S. harvest
Chicago | Reuters – U.S. corn futures dropped to a 3-1/2-week low on Tuesday, while soybeans fell for the first time in four sessions as largely dry U.S. Midwest weather propelled harvesting and rains bolstered crop prospects in South America where farmers are planting corn and soy. Positioning ahead of a monthly U.S. Department of […] Read more
U.S. grains: Corn slides on demand worries, advancing U.S. harvest
Chicago | Reuters – U.S. corn futures fell for a third straight session on Monday on forecasts for larger U.S. harvest yields and concerns about sluggish demand for American export shipments of the grain. Wheat also declined as stiff competition in global export markets and a stronger dollar pressured prices. Soybean futures, however, edged higher […] Read more
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