CBOT weekly outlook: Corn, soy move with trader positioning

CNS Canada -- Corn and soybean futures at the Chicago Board of Trade are moving in trader-positioning with technical features and ahead of key data. Investors in CBOT corn and soybean markets are rolling out of positions in the July contract into more deferred months. "With that said, we're seeing a lot of shorts shore-up[...]

CBOT weekly outlook: Corn, soy seen rising

CNS Canada -- Corn and soybean futures at the Chicago Board of Trade are moving in turbulent trade with each U.S. weather forecast. "It's all on raindrops right now," said Scott Capinegro of Barrington Commodity Brokers. Recent forecasts for rain have pressured corn and soybean markets, though declining crop conditions could provide support moving forward.[...]


CBOT weekly outlook: Weather watching trade in summertime

CNS Canada -- Corn and soybean futures at the Chicago Board of Trade are hanging in a seasonal weather-based market, with traders watching crop conditions week-to-week. Corn futures have downside potential, gathering influence from wheat futures and crop ratings in the near term. "I'm looking for an improvement in crop ratings next week, which might[...]

CBOT weekly outlook: Corn, soy rangebound

CNS Canada -- Corn and soybean futures at the Chicago Board of Trade are expected to hold near-term ranges, as traders decide where to lay their focus amid a mix of factors. "Weather will dominate; that's no surprise to anybody," said Sean Lusk of Walsh Trading. That influence is likely to have a supportive effect[...]


CBOT weekly outlook: Corn, soy up ahead of USDA data

CNS Canada -- Corn and soybeans at the Chicago Board of Trade advanced ahead of a key report due out at the end of the week -- but from there, it's back to weather-watching, one analyst says. The U.S. Department of Agriculture is set to release its supply and demand estimates on Friday. "There are[...]

Falling farm gate prices highlight 'long overdue' topic

CNS Canada -- Statistics Canada's latest Farm Product Price Index marks a year of annual declines, predominantly led by the cattle sector. The whims of the market are one source of losses, but two producer group heads say the data call attention to the country's processing sector. Year-over-year declines in Canada's Farm Product Price Index[...]


CBOT weekly outlook: 'Managed money crowd' buoys futures

CNS Canada -- Bullish weather propped up Chicago Board of Trade (CBOT) corn and soybean futures, spurring spec buying on the week -- but it's likely not enough to break the commodities' ranges, one U.S. analyst says. "Lately here, of course it's been weather with all the rain last week and over the weekend. The[...]

CBOT weekly outlook: Soybeans, corn have downside risk

CNS Canada -- Soybean and corn futures at the Chicago Board of Trade have short-term downside potential, one U.S. analyst says, as traders watch exports, weather and fund positioning. Since last week, soybeans have lost close to 25 cents per bushel in the May contract, closing at $9.4425, while corn advanced 6.25 cents per bushel,[...]


CBOT weekly outlook: Soy, corn set to move sideways to lower

CNS Canada -- As South American supplies put pressure on corn and soybean futures at the Chicago Board of Trade, investors are watching key technical levels in both markets. Soybeans -- Soybean values at the Chicago Board of Trade (CBOT) are likely to trend sideways to lower, said Terry Reilly, senior commodity analyst at Futures[...]

CBOT weekly outlook: Surprise demand propping up prices

CNS Canada -- Unexpected demand for corn and soybeans is supporting markets in Chicago, according to one U.S. trader, a trend he expects to continue. Soybeans -- "It's just not over yet," said Sean Lusk, director of commercial hedging with Walsh Trading in Chicago. Chicago Board of Trade (CBOT) soybeans rallied in late April after[...]