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CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn, soybeans drop on favourable weather

Chicago wheat jumps

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Chicago | Reuters — U.S. corn and soybean futures prices fell on Friday on expectations for beneficial rains in crop-growing areas and as President Donald Trump said the country’s relationship with trading partner China was severely damaged. A monthly U.S. Department of Agriculture (USDA) report pegged America’s harvests below analysts’ expectations, although the estimates were […] Read more
(Qingwa/iStock/Getty Images)
Crops, Markets

USDA’s July WASDE has little effect on markets

U.S. Midwest weather likely having greater effect

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MarketsFarm — There were some notable changes in the carryovers for corn, soybeans and wheat in the July supply and demand report from the U.S. Department of Agriculture released Friday. However, the monthly world agriculture supply and demand estimates (WASDE) had very little effect on the markets, according to MarketsFarm analyst Mike Jubinville. “I think […] Read more
Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: Trade looks to weather for support

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MarketsFarm — Commodities on the Chicago Board of Trade have been supported by dry growing conditions in key regions of the United States, but remain largely rangebound. “It’s been hot and dry, but it’s tough to pin your hopes on a bull market because sooner or later it will rain,” said Scott Capinegro of Barrington […] Read more
CBOT July 2020 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Soybeans gain on hope of continued China purchasing

USDA hiked world wheat stocks to record high; corn gains after ethanol demand cut less than expected

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Chicago | Reuters — Chicago soybean futures rallied late on Friday as hopes of continued U.S. exports to top-importer China supported prices. Wheat futures rebounded after touching a three-week low at the Chicago Board of Trade earlier in the session, as the U.S. government’s forecast for a record world wheat stock added supply pressure. Corn […] Read more
(Lisa Guenther photo)
Crops, Markets

CBOT weekly outlook: WASDE largely neutral for soy, corn

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MarketsFarm — The world agricultural supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) had a “benign effect” on the Chicago Board of Trade (CBOT), according to one trader. That’s mainly because U.S. production estimates for corn, wheat, and soybeans were largely unchanged. The U.S. soybean production estimate for 2020-21 was unchanged […] Read more
CBOT July 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Wheat nears two-month low on export competition

Corn, soybean futures also sag

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Chicago | Reuters — U.S. wheat futures slid to a near two-month low on Wednesday, testing psychological support at the $5-per-bushel mark, pressured by forecasts for rising global grain supplies and strong export competition, analysts said. Soybean and corn futures also declined as a speedy U.S. planting pace supported expectations for large harvests. Traders shrugged […] Read more
(USDA.gov via Flickr)
Crops, Markets

CBOT weekly outlook: Global grain stocks exert pressure

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MarketsFarm — A forecast of sizeable global ending stocks is weighing on values at the Chicago Board of Trade (CBOT), according to Terry Reilly, senior commodity analyst for Futures International in Chicago. The U.S. Department of Agriculture (USDA) on Tuesday issued its monthly supply and demand report in which it forecast global corn carryout to […] Read more
(Dave Bedard photo)
Crops, Markets

U.S. corn production expected way up in USDA’s May WASDE

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MarketsFarm — There will be sharp increases in the United States’ 2020-21 corn production — and especially in ending stocks, according to the latest monthly supply and demand report from the U.S. Department of Agriculture (USDA). The department issued its latest world agricultural supply and demand estimates (WASDE) on Tuesday. U.S. soybean planted acres and […] Read more
CBOT July 2020 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Soybeans climb on Chinese buying ahead of crop report

Wheat wrestles with demand concerns, weather woes

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Chicago | Reuters –– Chicago soybean futures climbed for a second session to a three-week high on Friday as Chinese buying underpinned prices and traders squared positions ahead of a supply and demand report due next Tuesday. Corn also rose on word China may increase agricultural buying to fulfill commitments laid out in January under […] Read more
Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: Corn values stabilize

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MarketsFarm — The April world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture didn’t hold much sway over corn on the Chicago Board of Trade (CBOT) on Thursday. Corn ending stocks for the U.S. were pegged at 53.15 million tonnes, about five million tonnes higher than the previous month’s report. However, […] Read more

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