Shifting weather forecasts have the potential to sway soybean and corn futures within sideways trading ranges over the next few weeks as farmers in the United States focus on spring seeding.
Tag Archives corn futures
CBOT soybeans/corn rangebound, watching weather
Canola net short position edges lower
The managed money net short position in canola futures edged lower in the latest reporting period, as fund traders covered some of their bearish bets, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
U.S. grains: CBOT wheat rallies for seventh trading day on weather, crop conditions
Chicago | Reuters – Chicago Board of Trade (CBOT) wheat futures turned higher for a seventh trading day on Friday on a weather driven surge that pushed the most-active wheat contract on a continual chart Wv1 to prices not seen since December. Soybean futures inched down, and corn stayed fairly flat, as traders watched for U.S. planting delays as […] Read more
CBOT weekly outlook: May futures winding down, coming rains factor into prices
As the last full of week of April is set to wind down, two factors will determine the course of United States soybean, corn and wheat futures. Those are the rain forecast for the weekend of Apr. 27 and 28, and last day for May futures on Apr. 26, according to hedging strategist Scott Capinegro of AgMarket.net.
Rangebound outlook for CBOT soybeans/corn in short-term
Soybean and corn futures at the Chicago Board of Trade have both shown some strength over the past week but should be expected to hold relatively rangebound in the short term ahead of acreage data due out at the end of the month, according to an analyst.
Commodity Classic: U.S. fighting for market share says Vilsack
Competitive advantages from superior U.S. transportation have all but evaporated
U.S. agriculture secretary Tom Vilsack says the United States is trying to regain its competitive edge in world agricultural markets.
Managed money still adding to record large canola short position
Net short position in soybeans increased by about 2,300 contracts
Speculators continued to add to their record large net short position in canola in mid-February, showing little sign of moving to the other side of the market any time soon, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
U.S. grains: Wheat rises nearly four per cent on short-covering, corn and soy climb
Chicago | Reuters – Chicago Board of Trade (CBOT) wheat futures rose nearly four per cent on Tuesday, rebounding from life-of-contract lows as a softer dollar and the approach of the spring growing season in the northern hemisphere sparked a short-covering rally, analysts said. CBOT corn and soybeans also closed higher but hovered near multi-year […] Read more
U.S. grains: Soy, corn futures under pressure as jobs data lifts US dollar
Chicago | Reuters – Chicago Board of Trade soybean futures fell about one per cent on Friday and corn also declined as the dollar .DXY soared after a much stronger-than-expected monthly U.S. jobs report reduced expectations of near-term Federal Reserve interest rate cuts. “When that jobs report came out, the U.S. dollar shot up, and that seemed […] Read more
US corn stocks swell as world recovers from tighter supplies
Global corn ending stocks are projected to hit a six-year high in 2023/34
U.S. corn inventories last month swelled to their largest level since 2018, the U.S. Department of Agriculture said on Friday, as global supplies recover from multi-year lows.
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