MarketsFarm — For the most part, grain prices on the Chicago Board of Trade (CBOT) were pretty much unaffected by the U.S. Department of Agriculture’s (USDA) monthly supply and demand estimates released Friday. While wheat prices saw support due to a reduction in global wheat supplies from 2021-22 as well as dry conditions in the […] Read more
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CBOT weekly outlook: Myriad of factors affecting prices amid USDA report
U.S. crop prices climb following April WASDE report
MarketsFarm — There were two notable surprises in the latest supply and demand estimates from the U.S. Department of Agriculture, according to Ryan Ettner, trader with Allendale Inc. in McHenry, Ill. One was USDA having maintained its carryout for corn; the other was the carryover for wheat being a little larger than what the markets […] Read more
U.S. grains: CBOT wheat, soybeans firm on tighter stocks
Corn firm, ending stocks unchanged
Chicago | Reuters — Chicago wheat, corn and soybean futures firmed on Friday after the U.S. Department of Agriculture (USDA) assessed global supply and demand, reflecting the impact that Russia’s invasion of Ukraine has had on Black Sea exports. Grain prices remained underpinned by Russia’s six-week-old invasion, which has stalled large amounts of Ukrainian exports […] Read more
U.S. grains: Soybeans, corn firm ahead of WASDE
Wheat down, but supported by winter crop stress
Chicago | Reuters — Chicago Board of Trade soybean futures climbed on Thursday, bolstered by eroding South American production and steady U.S. export sales. CBOT wheat and corn futures eased ahead of the U.S. Department of Agriculture’s monthly global supply and demand report due Friday, expected to reflect the potential impact of the war in […] Read more
CBOT weekly outlook: Smaller corn, soybean ending stocks expected
MarketsFarm — Ahead of the April supply and demand (WASDE) report from the U.S. Department of Agriculture on Friday, trader Ryan Ettner of Allendale Inc. at McHenry, Ill. said he’s expecting carryovers for corn and soybeans to come in below March’s estimates. Ettner has also pegged the wheat carryout to be a little bit higher. […] Read more
U.S. grains: Wheat bounces from lowest in a month
Corn weak, soybeans firm
Chicago | Reuters — U.S. wheat futures rebounded from a one-month low on Friday, gaining 1.1 per cent on a round of bargain-buying and renewed interest on the export market, traders said. Soybeans also were firm but corn was weaker on a technical setback. News that Chinese buyers had booked a large amount of feed […] Read more
CBOT weekly outlook: No significant revisions in new U.S. WASDE report
MarketsFarm — The U.S. Department of Agriculture (USDA) held its world agriculture supply and demand estimates (WASDE) mostly steady for the month of December — which may result in a lack of price movement on the markets. In its WASDE report released Thursday, USDA projects 598 million bushels of ending domestic wheat stocks for the […] Read more
U.S. grains: Wheat futures drop on weather view
CBOT corn, soybean futures rise
Chicago | Reuters — Chicago Board of Trade winter wheat futures fell 1.7 per cent on Wednesday as forecasts for mild temperatures and some rain in key growing areas raised hopes that the crop will be in good condition before it heads into dormancy, traders said. “U.S. weather for wheat looks pretty good,” said Terry […] Read more
CBOT weekly outlook: USDA report sparks rally, but likely to wane
MarketsFarm — There has been a rally at the Chicago Board of Trade (CBOT) following the release of the monthly supply and demand report from the U.S. Department of Agriculture (USDA — but it’s unlikely for that rally to continue, an analyst said. Soybeans jumped in excess of 25 cents per bushel in the nearby […] Read more
U.S. grains: Soybeans, corn sag before USDA report
Traders await department's crop and inventory forecasts
Chicago | Reuters — Chicago Board of Trade soybean and corn futures slumped on Monday as traders adjusted positions before the release of key U.S. Department of Agriculture crop and inventory forecasts on Tuesday. Big U.S. harvests, near-perfect weather for planting in Brazil and signs of slowing purchases by top buyer China are bolstering […] Read more
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