GFM Network News

More News →

Tag Archives cbot

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Soy, corn turn bearish

Traders keep an eye on South America

By ,
MarketsFarm — Soybean and corn futures backed away from multi-year highs during the week ended Wednesday, as investors took profits and weather conditions showed some improvement in South America. “The technicals are a little bearish for both corn and beans,” said Terry Reilly of Futures International in Chicago. The managed money long position in soybeans, […] Read more
Crops, Markets, Reuters

U.S. grains: Soybeans fall, pressured by fund selling

Brazil, Argentina showers ease soy, corn supply concerns

By ,
Chicago | Reuters — Chicago soybean futures fell on Wednesday, touching their lowest in more than a week, pressured by technical selling combined with rains across South America, which eased supply concerns. Corn followed, also pressured by beneficial South American rains, while wheat ended lower, but was supported by export optimism. The Chicago Board of […] Read more
Crops, Markets, Reuters

U.S. grains: Soybeans fall on South American rainfall

Russian export tax supports U.S. wheat; corn follows soybeans

By ,
Chicago | Reuters — Chicago soybean futures slid on Tuesday as rain across South America strengthened crop prospects and bolstered the global supply outlook, traders said. Corn followed soybeans lower, but was supported by strong export demand and possible export limits in Ukraine. Wheat futures fell slightly, but were bolstered by an export tax in […] Read more
Canola, Crops, Markets

Funds’ net long position edges lower in canola

Net long increased in MGEX and K.C. wheats

By ,
MarketsFarm — Funds’ large net long position in canola narrowed slightly during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed-money fund traders as of Tuesday were holding a net long position in ICE Futures canola of 51,614 contracts, down by about […] Read more
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids track rally in U.S. futures

Loonie up by a third of a cent on the week

By ,
MarketsFarm — Spring wheat bids in Western Canada climbed higher during the week ended Thursday, as a rally in U.S. futures more than countered any bearish influence from a rising Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $11.50-$13 per tonne, according to price quotes from […] Read more
Crops, Markets, Reuters

U.S. grains: Soybeans, corn, wheat rally

Futures up, but below recent peaks

By ,
Chicago | Reuters — U.S. soybean futures rose 1.7 per cent on Thursday, underpinned by the strong demand highlighted in the U.S. Agriculture Department’s monthly supply and demand report on Tuesday, traders said. Corn futures also rallied, with the market receiving a boost after the U.S. Environmental Protection Agency said it would not rule on […] Read more
Crops, Markets, Reuters

U.S. grains: CBOT corn touches 7-1/2-year high

Chicago wheat, soybeans down on profit-taking

By ,
Chicago | Reuters — U.S. corn futures rose 1.4 per cent on Wednesday, hitting a 7-1/2-year high with the market focused on prospects for tight global supplies after the U.S. Department of Agriculture cut production estimates for the U.S., Brazil and Argentina. “The number on corn was a game changer yesterday,” said Dan Smith, senior […] Read more
Crops, Markets, Reuters

U.S. grains: Futures surge to highest since 2014 as USDA cuts supply outlook

Wheat futures at six-year high; corn, soy at 6-1/2 year highs

By
Chicago | Reuters — U.S. corn, soybean and wheat futures surged to fresh multi-year highs on Tuesday after the U.S. Department of Agriculture (USDA) said 2020 U.S. corn and soy harvests were smaller than expected and stocks of key crops were thinner that previously thought. Corn jumped by as much as five per cent, while […] Read more
Crops, Markets, Reuters

U.S. grains: Futures slip on South American rains

USDA report seen cutting U.S. soy, corn supply estimates

By
Chicago | Reuters — U.S. soybean futures slipped from 6-1/2-year highs on Monday on crop-boosting rains in South America and as investors squared positions ahead of eagerly awaited U.S. government crop forecast data due on Tuesday. Corn and wheat futures also pulled back from multi-year peaks posted last week as the U.S. dollar firmed and […] Read more

Special Podcast Series

AgCanadaTV

AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending January 15, 2021.

Sponsored By:
More Videos →

Daily Newsletter

You'll receive current daily news every morning free, as well as market updates and special features.