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CBOT weekly outlook: Soybeans wait on China news

CNS Canada — Soybean futures at the Chicago Board of Trade started 2019 on a firm note, bouncing higher on rumours of fresh Chinese buying interest. However, with the U.S. government still in partial shutdown mode, confirmation of that business was lacking and additional advances remain questionable. “We’re basically buying the rumour at this point,” […] Read more

CBOT March 2019 soybeans with 20-day moving average. (Barchart)

U.S. grains: Soy up on crop stress in Brazil, hopes for China talks

Chicago | Reuters — U.S. soybean futures advanced to a near two-week high on Wednesday on declining yield prospects in Brazil and optimism about U.S. trade relations with top global soy buyer China, traders said. Wheat futures rose, rebounding from multi-month lows on short-covering and concerns about excessive rains in Argentina, while corn finished modestly […] Read more



(Dave Bedard photo)

Canola funds reduce net short position

CNS Canada — Fund traders lowered their net short positions in ICE Futures canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators decreased their net short position in canola […] Read more



(Photo courtesy United Soybean Board)

U.S. confirms China soybean purchase, but no clarity over more sales

Chicago/Washington | Reuters — U.S. government officials on Thursday hailed China’s first meager purchase of U.S. soybeans since its trade war with the United States began in July and said they hoped for, but could not guarantee, more to come. The U.S. Department of Agriculture (USDA) announced private sales of 1.13 million tonnes of U.S. […] Read more





(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soy climbs on hopes for China buying

Chicago | Reuters — U.S. soybean futures closed higher on Tuesday as traders anticipated potential Chinese purchases of U.S. agricultural products, and shrugged off a bearish monthly global soy inventories report from the U.S. Department of Agriculture. Corn firmed, led by soybeans, but wheat futures fell after USDA raised its forecasts of U.S. and global […] Read more