U.S. corn and soybean futures rose on Friday on short-covering ahead of the weekend and a closely followed crop tour set to begin surveying fields across the Midwest next week.
soybeans
Large crops to weigh on CBOT corn/soybeans
“We have a lot of corn out there”
Expectations for a record large corn harvest in the United States this year are overhanging the futures market, which should keep values under pressure through the harvest season.
Record yields forecast for U.S. corn and soybeans
Corn at 188.8 bu./ac. soybeans at 53.6 bu./ac.
Record large corn and soybean yields are expected in the United States this year, according to the latest estimates from the U.S. Department of Agriculture released Aug. 12.
CBOT Weekly: More pressure on grain prices
U.S. grain, soybean prices to go lower: analyst
Corn, soybean and wheat futures on the Chicago Board of Trade continue to drop and one Chicago-based analyst says they are going to be even lower.
Rain aids some Saskatchewan crops
Soil moisture largely adequate
There was some relief for crops in Saskatchewan following sporadic showers. The provincial agriculture department said farmers are hoping for more rain to aid head and pod filling, but the weekly crop report for the week ended July 28 noted that more moisture wouldn’t help the yields for more advanced crops.
CBOT Weekly: ‘It’s a weather game now’ says Lusk
If soybeans fall under $10, corn to slip below $4
As the rest of July plays out, United States soybeans and corn will remain in a weather market, said Sean Lusk, vice-president of Walsh Commodity Hedging Services in Chicago.
CBOT Weekly: Grain prices showing weakness
USDA report, trade tensions pressure markets
Grain prices at the Chicago Board of Trade were on the weaker side for the week ended July 16 due to last week's USDA report and ongoing trade tensions.
U.S. grains: Corn rebounds from contract lows on short covering, bargain buying
Bargain buying and short covering lifted U.S. corn futures on Monday after the market slid to contract lows on expectations for strong U.S. output, traders said.
CBOT Weekly: Turning towards a weather market
Area, stocks reports have little influence
Soybeans and corn on the Chicago Board of Trade are heading toward a weather market, said Sean Lusk, vice-president of Walsh Commercial Hedging in Chicago. The move comes after two reports from the United States Department of Agriculture issued on June 30.
Manitoba crops advancing nicely despite below normal moisture
About 50 to 70 per cent of normal precipitation
Crops in Manitoba continue to develop at a good pace despite a lack of rainfall in some parts of the province, reported Manitoba Agriculture on July 2.
