CBOT weekly outlook: Brazil, China drive U.S. commodities

With little data filtering out of the U.S. Department of Agriculture (USDA), news from Brazil and trade negotiations with China are currently driving futures contracts on the Chicago Board of Trade (CBOT). "It's Brazilian weather over there and the Chinese negotiations, which sometimes are on and sometimes aren't," said Jack Scoville of Price Futures Group[...]

CBOT weekly outlook: Markets quiet heading into holidays

CNS Canada -- Traders aren't expecting much to move corn and soybean markets in upcoming weeks as the U.S. moves into holiday mode. "These markets are going to just be very choppy and of course we're going into December and nobody likes to work (during the holiday season). There's more parties, Washington goes on Christmas[...]


CBOT weekly outlook: USDA reports not expected to shake up markets

CNS Canada -- Corn, soybean and wheat futures in the U.S. are awaiting the latest U.S. Department of Agriculture (USDA) reports, but traders aren't expecting the reports to much of an effect on prices. USDA releases its quarterly grain stocks and small grains summary reports on Friday. "It basically wraps up the 2017-18 crop year[...]

CBOT weekly outlook: Corn, soy markets see little action

CNS Canada -- One trader isn't expecting much movement on Chicago Board of Trade (CBOT) corn and soybean markets until harvest starts in the U.S. Midwest. "I'm looking (past) all the (information) that we see every day and hear. We wait until the combines roll, they tell you the truth," said Scott Capinegro of Barrington[...]


CBOT weekly outlook: Traders think soy yields less than USDA predicting

CNS Canada -- After the wet weather the U.S. Midwest has experienced lately, traders aren’t exactly sold on the latest numbers from the U.S. Department of Agriculture (USDA). “We're getting a lot of calls in and people talking about their beans are losing yield left and right, because the pods are splitting, beans are sprouting.[...]

CBOT weekly outlook: Soy market waiting on trade war

CNS Canada -- It’s a wait-and-see game for traders who deal in corn and soybeans on the Chicago Board of Trade (CBOT). “It looks like we're going to be concerned a lot about what happens with our friends from China here in the short term,” said Jack Scoville, of Price Futures Group in Chicago, on[...]


CBOT weekly outlook: Tariff spats put markets in precarious spot

CNS Canada -- The Chicago Board of Trade soybean market is in recovery mode following a wild day where contracts hit nearly a 10-year low. "It was one of the craziest days we've seen in recent memory yesterday. And volume was just absolutely through the roof," said Terry Reilly, a senior commodity analyst with Futures[...]

CBOT weekly outlook: Traders flee stocks for commodities

CNS Canada -- Traders shifted attention to Chicago Board of Trade (CBOT) corn and soybean markets in the wake of a drop in Wall Street stocks, causing a commodities rally Wednesday. Wall Street was dragged down Tuesday by U.S. bond yields, which hit the three per cent mark for the first time in four years.[...]


CBOT weekly outlook: Corn and soy markets awaiting USDA report

CNS Canada – After a week where corn, soybean and wheat contracts climbed on the Chicago Board of Trade, traders are now awaiting the latest supply and demand report from the United States Department of Agriculture. “With the crop report (for) August, which at least over the last five years has historically leaned more bearish[...]

CBOT weekly outlook: U.S./China trade uncertainty weighs on soy

CNS Canada -- Trade uncertainty between China and the U.S., along with good U.S. growing conditions, is pressuring the soybean market on the Chicago Board of Trade (CBOT). During the week ended Wednesday, the July CBOT soybean contract dropped about 30 cents to $9.9425 per bushel (all figures US$). "The trade uncertainty is a major[...]