Chicago | Reuters — U.S. wheat futures fell to a one-week low on Tuesday, pressured by improving U.S. yield prospects and rising global stockpiles, analysts said, while nearby U.S. corn and soybean futures finished unchanged. Chicago Board of Trade May wheat settled down 5-3/4 cents at $4.59-1/2 per bushel after dipping to a one-week low […] Read more
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U.S. grains: Wheat pressured by ample global stockpiles
USDA to adjust format of monthly supply/demand report
Chicago | Reuters — The U.S. Department of Agriculture will revise its monthly world supply and demand crop reports starting in May to try to account for the outsized role of China’s global grain stocks, a government official said on Tuesday, confirming a note on a USDA website. Starting with its May 10 report, the […] Read more
USDA’s latest WASDE lacks ‘market-turning’ news
MarketsFarm — There was nothing in the U.S. Department of Agriculture’s latest world supply and demand estimates (WASDE) report that could have created major moves on commodities markets, according to an analyst. The report, issued Friday, “didn’t give us any kind of a market-turning type news,” said Steve Georgy, president of Allendale Inc. in McHenry, […] Read more
CBOT weekly outlook: Fresh trade news would move markets
MarketsFarm — Fresh news out of U.S./China trade talks will move the soybean and corn markets in the near future, rather than USDA’s next world agriculture supply and demand estimates (WASDE), according to an analyst following the Chicago Board of Trade. However, a lack of fresh news regarding those trade talks has become a problem […] Read more
U.S. delays key agriculture reports due to government shutdown
Chicago | Reuters — The U.S. Department of Agriculture (USDA) delayed several major domestic and world crop reports because of the two-week-old partial government shutdown, the agency said on Friday. New release dates for the monthly world agricultural supply and demand estimates (WASDE) report and other data originally scheduled for Friday, Jan. 11, will be […] Read more
CBOT weekly outlook: Higher prices don’t jibe with corn, soy production
CNS Canada — Trade is starting to slow down for the holiday season at the Chicago Board of Trade, which has corn and soybean traders looking at the larger picture. Scott Capinegro, a broker with Barrington Commodities at Barrington, Ill., believes prices for corn and soybeans are currently too high. “(The world) continues to plant, […] Read more
CBOT weekly outlook: Soy left hanging on changing trade truce views
CNS Canada — The initial positive outlook U.S. futures markets had toward a 90-day truce in the U.S.-China trade war is fading, leaving traders with opposing views on where Chicago soybeans are heading. In an effort to resolve their countries’ trade war, U.S. President Donald Trump and Chinese President Xi Jinping agreed to the truce […] Read more
CBOT weekly outlook: Corn, soy react fittingly to USDA reports
CNS Canada — Traders had a lot to sort through with two big U.S. Department of Agriculture (USDA) reports released Thursday, but at a glance the markets reacted accordingly, according to one trader. USDA on Thursday released its world agricultural supply and demand estimates (WASDE) and crop production reports. “The market reaction, I think, was […] Read more
CBOT weekly outlook: USDA report sways soy, corn
CNS Canada — Thursday’s world agricultural supply and demand estimates (WASDE) report from the U.S. Department of Agriculture caused a stir in corn and soybean markets on the Chicago Board of Trade. “The Brazil and Argentine numbers (were) really not too terribly exciting. And the world numbers (were) basically kind of going exactly the opposite […] Read more
CBOT weekly outlook: Futures get weather boost
CNS Canada — The troublesome weather that gave Chicago Board of Trade (CBOT) corn, soybean and wheat contracts a boost over the past week should remain supportive, despite nearby technical setbacks, according to a trader. “I’m still slightly bullish on beans, corn and wheat given the unfavourable weather situation in South America, with too much […] Read more
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