U.S. grains: Corn, soy slip on rains, crop ratings

U.S. grains: Corn, soy slip on rains, crop ratings

Chicago | Reuters — U.S. grain and soybean futures extended losses on Tuesday as crops in the U.S. Midwest were poised to benefit from rains, traders said. Technical selling and better-than-expected U.S. Department of Agriculture crop condition ratings added pressure on prices. Showers in parts of the Midwest and Mississippi Delta temporarily eased concerns about

U.S. grains: Corn pulls back from five-year high

U.S. grains: Corn pulls back from five-year high

Chicago | Reuters — Chicago Board of Trade grain futures settled down on Monday after corn touched a five-year high and soybeans reached a one-year peak, as forecasts for rain in U.S. crop-growing areas eased concerns about hot, dry weather. A recent warm, dry spell had fueled worries that corn could be damaged during crucial


(File photo by Dave Bedard)

Funds remain short canola and soybeans

MarketsFarm — Fund traders continue to hold onto a large net short position in the canola market, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position came in Tuesday at 57,512,an increase of roughly 5,000 contracts from the previous week. Open



CBOT September 2019 wheat with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

U.S. grains: Wheat hits one-week top after USDA report

Chicago | Reuters — U.S. wheat futures climbed to their highest in more than a week after the U.S. Department of Agriculture (USDA) lowered its forecast of global wheat production in a monthly supply and demand report on Thursday. Corn and soybeans followed the firm trend in wheat. Chicago Board of Trade September wheat settled

CBOT December 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)

CBOT weekly outlook: World wheat output seen lower than expected

MarketsFarm — Parts of the U.S. Department of Agriculture’s latest world agriculture supply and demand estimates (WASDE) have “caught the trade off guard,” according to one trader. In its report, released Thursday, USDA significantly cut production volumes in Canada, Australia, Russia and Ukraine. In total, global wheat production was down 9.4 million tonnes, and stocks


CBOT September 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy, corn, wheat firm ahead of USDA monthly data

Chicago | Reuters — U.S. soybean, corn and wheat futures closed higher on Wednesday as traders adjusted positions a day before a monthly U.S. Department of Agriculture (USDA) report in which analysts expect the government to lower its 2019 U.S. yield estimates for corn and soybeans. The report due on Thursday is drawing extra interest

(Dave Bedard photo)

Fund short position grows in canola

MarketsFarm — Speculators were actively adding to their short positions in the ICE Futures canola market during the holiday week ended July 2, according to Monday’s commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position came in July 2 at 65,022, an increase of nearly


CBOT September 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat, corn down on crop conditions, weather

Chicago | Reuters — Chicago corn and wheat futures settled down on Tuesday after the U.S. Department of Agriculture (USDA) raised its condition ratings for both grains and more crop-friendly weather was forecast for the Midwest. “This downward trend has been led by wheat,” said Ted Seifried of Zaner Group. “These crop conditions are absolutely