CBOT November 2014 soybeans as of July 29. (Barchart.com)

Drozd: Classic head-and-shoulders top signals end to bull soybean market

The November 2014 soybean futures contract has lost over US$2 per bushel in the past two months. Once prices dropped below $12, a classic chart formation referred to as a head-and-shoulders top was completed and prices quickly plunged to the pattern’s minimum price objective of $11.31. The head-and-shoulders top is considered the most reliable chart […] Read more

Man. soybeans progress despite wet start

CNS Canada –– Recent warm weather is helping push Manitoba’s soybean crop into R3 and R4 stages of development in many parts of the province, according to a crop expert. Some beans could use more rain but for the most part are looking good, said Dennis Lange of Manitoba Agriculture, Food and Rural Development. The […] Read more


GRAINS: Soybeans, wheat firm on strong exports; corn weakens on weather

U.S. soybean futures rose on Thursday on signs that demand will keep domestic supplies tight until harvest, while corn weakened due to forecasts for more crop-boosting rain in the U.S. Midwest, traders said. “The beans firmed up due to some speculators taking advantage of the weakness earlier in light of the very strong demand we […] Read more

GRAINS – U.S. corn, soybeans, wheat drop after recent gains

CHICAGO, July 29 (Reuters) – U.S. wheat futures fell 2.8 per cent to fresh contract lows on Tuesday due to plentiful global supplies as well as strong competition on the export market, traders said. Corn and soybean futures also fell as forecasts for rain in the U.S. Midwest next week alleviated concerns about dry conditions reducing harvest prospects for both […] Read more



GRAINS: Corn bounces but posts 5th weekly loss on supply pressure

Reuters — U.S. corn futures inched higher on bargain buying Friday but posted a fifth consecutive weekly loss as expectations of record yields in this autumn’s harvest continued to hang over the market, traders said. Wheat rose on short-covering buying as the market consolidated above contract lows set this week, while soybeans ended mixed. At […] Read more



GRAINS: U.S. soybeans extend advance on exports, weather worries

Reuters — U.S. soybean prices rose to a near two-week high on Thursday on firm export demand and concerns that dry weather in parts of the Midwest crop belt might jeopardize yield prospects, traders said. Corn futures fell to fresh four-year lows, retreating from early gains, and wheat also fell. At the Chicago Board of […] Read more


GRAINS: Soybeans hit over one-week high, U.S. old-crop supply tightens

Reuters — Front-month soybean futures rose to their highest level in more than a week on Wednesday, supported by firming U.S. cash markets as supplies of old-crop soybeans dwindle with the autumn harvest still about two months away, traders said. Corn futures fell to a fresh four-year low while wheat was mixed in choppy trade. […] Read more

Grain bags catching on in the U.S. Midwest

Reuters — As U.S. farmers turn in record grain crops this autumn, many will have a powerful new tool — giant sausage-shaped storage bags — to help them avoid the lowest prices in years and gain more control over trade with giants such as Cargill Inc. Demand has surged this summer for the white polyethylene […] Read more