cbot Archives - Page 174 of 352

ICE November 2020 canola (candlesticks) with 20-day moving average (yellow line) and CBOT August 2020 soyoil (green line). (Barchart)

ICE weekly outlook: Canola under pressure at midweek

By GFM Network News July 22, 2020

MarketsFarm — Canola contracts have received considerable pressure from outside sources, but held above $480 per tonne this week. Ken Ball of P.I. Financial in Winnipeg expected canola to be down by $6-$10, but nearby contracts closed lower by about a dollar at $483.60 per tonne. Ball referred to weakness in Chicago soyoil, along with […] Read more

Crops, Markets, Soybeans

CBOT weekly outlook: The good and bad between the U.S., China

By GFM Network News July 22, 2020

MarketsFarm — The current relationship between the United States and China has continued to be rather chaotic, according to Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill. Despite the two countries’ diplomatic row, China has sharply picked up its purchases of U.S. soybeans. Georgy pointed to the 715,000 tonnes purchased by China on […] Read more

CBOT August 2020 soybeans with Bollinger (20,2) bands. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans gain ground on Chinese buying

Wheat rebounds after technical correction

By GFM Network News July 22, 2020

Chicago | Reuters — Chicago corn and soybeans futures climbed on Wednesday as news of Chinese purchases offset strong yield prospects after recent rain across the U.S. Midwest offered relief to pollinating corn crops. Both commodities gained even after the United States ordered China to close a consulate in Houston, escalating diplomatic tensions and putting […] Read more

CBOT August 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Soybeans trim back on improved crop conditions

Wheat gains on weaker U.S. currency

By GFM Network News July 21, 2020

Chicago | Reuters — Chicago soybean futures fell on Tuesday, despite renewed exports to China, after the U.S. Agriculture Department issued better-than-expected weekly crop ratings. Corn also eased on better-than-expected crop conditions and favourable U.S. weather as traders eyed record yield potential this fall. The Chicago Board of Trade’s most active soybean contract fell 6-1/2 […] Read more

CBOT September 2020 corn with Bollinger (20,2) bands. (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Corn weakens on rain across Midwest

Soybeans gain for fifth session, wheat futures tumble

By GFM Network News July 20, 2020

Chicago | Reuters — Chicago corn futures dropped on Monday, as rainfall strengthened crop conditions during a crucial stage in development. Soybean futures gained for a fifth consecutive session on renewed Chinese demand and support from the soybean oil market. Wheat, meanwhile, sank as harvest across the U.S. Great Plains continued and a strengthening dollar […] Read more

Canola, Crops, Markets

Funds covering short positions in canola

By Phil Franz-Warkentin, GFM Network News July 18, 2020

MarketsFarm — Fund traders continued to bail out of short positions in canola during the week ended July 14, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in July 14 at 23,113 (9,650 long/32,763 short), […] Read more

Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids mixed

MGEX, K.C. wheats down on week

By Phil Franz-Warkentin, GFM Network News July 18, 2020

MarketsFarm — Spring wheat bids in Western Canada were mixed during the week ended Thursday, as the Minneapolis futures bounced around within a 15-cent per bushel range. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3 to up by $2 per tonne, according to price quotes from a […] Read more

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

Crops, Markets, Reuters

U.S. grains: Corn, soy futures extend gains on China demand

CBOT September wheat eases

By GFM Network News July 17, 2020

Chicago | Reuters — U.S. soybean and corn futures rose on Friday, with soybeans hitting a one-week top as a pick-up in export demand for both crops, primarily from China, sparked speculative buying and short-covering, analysts said. Soybeans got an additional boost from surging palm and soyoil futures. But forecasts for beneficial rains in the […] Read more

CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soy, corn up with export demand

September wheat slips off recent high

By GFM Network News July 16, 2020

Chicago | Reuters — U.S. soybean futures rose on Thursday for a third straight session as top global soy buyer China booked more U.S. supplies of the oilseed, traders said. Corn also firmed while wheat futures fell on profit-taking following a three-week rally. Chicago Board of Trade November soybean futures settled up 8-1/4 cents at […] Read more

ICE November 2020 canola with 100-day moving average (yellow line) and Canadian dollar (in US$, green line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Higher loonie, lower canola

By GFM Network News July 15, 2020

MarketsFarm — As the Canadian dollar pushes higher, canola prices could drop to the low end of its support or further, according to Errol Anderson of ProMarket Communications in Calgary. The loonie closed Wednesday at 73.89 U.S. cents, after stepping above 74 U.S. cents a number of times during trading. At the end of the […] Read more

GFM Network News

U.S. livestock: CME cattle fall on profit-taking

U.S. grains: Soybeans rebound as market weighs China prospects

B.C. ostrich owner condemns violence near embattled farm

Tag Archives cbot

ICE weekly outlook: Canola under pressure at midweek

CBOT weekly outlook: The good and bad between the U.S., China

U.S. grains: Soybeans gain ground on Chinese buying

U.S. grains: Soybeans trim back on improved crop conditions

U.S. grains: Corn weakens on rain across Midwest

Funds covering short positions in canola

Prairie cash wheat: Bids mixed

U.S. grains: Corn, soy futures extend gains on China demand

U.S. grains: Soy, corn up with export demand

ICE weekly outlook: Higher loonie, lower canola

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