CBOT weekly outlook: Soy headed above US$11 if weather stays wet

CNS Canada -- Soybean futures at the Chicago Board of Trade (CBOT) moved higher during the week ended Wednesday, and could be headed above the US$11 per bushel level if weather in the U.S. Midwest stays too wet, an analyst said. "If weather remains somewhat unfavourable we could see, over the medium term, prices maybe[...]

CBOT weekly outlook: Corn, soybeans trending sideways to lower

CNS Canada -- Chicago Board of Trade corn and soybean futures moved sharply lower during the week ended Wednesday, and are expected to trend sideways to weaker for the rest of the month. Traders are going to focus on spring weather and seeding conditions until more acreage and yield estimates for the 2015-16 crops are[...]


CBOT weekly outlook: Corn, soy under pressure amid abundant supplies

CNS Canada -- Chicago Board of Trade corn and soybean markets drifted lower during the week ended Wednesday and are expected to remain under pressure in coming weeks. The softness in both markets is likely because of large domestic and global supplies for corn and soybeans, said Ken Ball of PI Financial in Winnipeg. "Buyers[...]

CBOT weekly outlook: Corn, soy watching weather for direction

CNS Canada -- Chicago Board of Trade corn and soybean markets moved lower during the week ended Wednesday, but stayed within their recent trading ranges. "We haven't broken down out of a range yet, or broke to the upside," said Scott Capinegro, president of Barrington Commodity Brokers in Barrington, Ill. "We are just flat and[...]


CBOT weekly outlook: Soybeans to break below US$9 before summer half over

CNS Canada -- The Chicago Board of Trade (CBOT) soybean market showed some short-covering-related firmness during the week ended Wednesday, but the bias is still pointed lower for the oilseed. "We could actually see the beans trade down to the low $9, then to an $8 handle. Maybe $8.90 would be my initial target for[...]

CBOT weekly outlook: More downside possible for corn, soybeans

CNS Canada -- Chicago Board of Trade corn and soybean futures moved sharply lower during the week ended Wednesday, and could see more downside going forward. "As long as crude oil keeps on grinding lower, the U.S. dollar remains fairly strong, I think that prices have an opportunity to continue to grind lower as long[...]


CBOT weekly outlook: Strength in corn, beans to be short-lived

CNS Canada -- Corn and soybean futures on the Chicago Board of Trade ended mostly higher during the week ended Wednesday; soybean futures saw slight gains, while advances in corn were more exaggerated. A sharp rally Tuesday lifted both markets to end higher for the week, with speculative short covering amid temporary U.S. dollar weakness[...]

CBOT soy seen weakening as soon as Brazil's logistics improve

CNS Canada -- Chicago Board of Trade (CBOT) soybean futures moved higher during the week ended Wednesday, as continued good export demand for U.S. soybeans was bullish. Brazil's slower than normal harvest pace and its logistics problems related to a trucker strike both led to strong export demand for the U.S. As soon as those[...]


Global durum crops in good shape, for now

Winnipeg | CNS Canada -- Since North America and Australia both produced poor-quality durum crops in 2014-15, all eyes are on Mexico, the U.S. desert, Europe and North Africa to come up with some higher-quality product. And so far, most crops in those areas look fairly good, Alan Hegemeier, a merchandiser with CHS Inc., said[...]

'Extreme' volatility expected in wheat markets this spring

Winnipeg | CNS Canada -- Canadian and U.S. wheat markets are likely going to experience some "extreme" volatility this spring, Lawrence Yakielashek of FarmLink Marketing Solutions told the Wild Oats Grainworld Conference. "The spring months are when the firecrackers are going to start to hit the match," he added. He predicted there would be a[...]