CBOT January 2021 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soybeans lift on South American weather concerns

Market weighs U.S. vote, pending WASDE report

Chicago | Reuters — Chicago soybean futures gained on Wednesday, touching a one-week high as recent rains in South America do little to aid drought-stricken crops, making U.S. beans more attractive on the world market, traders said. Wheat fell slightly as U.S. and global supply outlooks remain strong, while corn was choppy, paring early declines

EU maize harvest shows mixed yields work

Maize harvesting is in full swing in Europe and the effects of summer drought are being seen in contrasting yields, which could push down production this year despite a sharp increase in plantings, analysts said. Forecasters have made steep cuts to their estimates of the European Union-wide maize harvest due to drought, and consultancy Strategie



CBOT January 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybean futures climb on export optimism

'No matter who's president, China still needs to feed their hog herd'

Chicago | Reuters — Chicago soybean futures climbed on Tuesday on export optimism and a slower-than-expected U.S. harvest pace, traders said. Wheat firmed as traders monitored dryness in U.S. and Russian growing belts, while corn traded higher on continued hopes of China buying. The most-active soybean contract on the Chicago Board of Trade (CBOT) settled


“China is going to import a lot more grains like barley, sorghum, and corn in the new marketing year, as the domestic (corn) prices would remain high.” – Xie Jinjiang.

China’s corn imports soar

At the same time its domestic pork supply is rebuilding

China imported more than one million tonnes of corn in September, customs data showed Oct. 23, bringing shipments for the first nine months of the year close to its annual low-tariff quota volume for the first time on record. The country has been purchasing large volumes of corn to ease the pressure from tight supplies

CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn declines on long liquidation

Soybeans lower, wheat rallies

Chicago | Reuters — U.S. corn futures declined on Monday as funds scaled back long positions ahead of the U.S. presidential election, and forecasts called for optimal weather in the Midwest, where farmers are wrapping up the harvest of corn and soybeans, analysts said. Wheat futures turned higher, rallying on bargain-buying after a five-session slide.


CBOT December 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat slides on profit-taking, weather

January soybeans up, December corn flat

Chicago | Reuters — Chicago wheat futures fell on Friday for a fifth straight session, retreating from multi-year highs set last week, on fund-driven long liquidation and improving crop prospects in the southern U.S. Plains, analysts said. Soybean futures firmed on export demand while corn settled narrowly mixed, with the front December contract losing relative

(ADM.com)

ADM beats profit estimates but revenue disappoints

Reuters — Global grains trader Archer Daniels Midland beat Wall Street estimates for quarterly profits on Thursday, helped by strength in its grain milling and nutrition businesses. Still, revenue missed analysts’ expectations and net earnings attributable to the company were 44 per cent lower than a year earlier. Shares were down nearly three per cent


CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn, wheat hit two-week lows on COVID-19 fears

Commodity selling continues dragging on grains, analysts say

Chicago | Reuters — U.S. grain futures extended losses on Thursday, with corn and wheat hitting two-week lows as concerns over the COVID-19 pandemic’s economic impact weighed on prices. Improving global crop weather added pressure on prices, with rains benefiting dry wheat-growing areas in the U.S. and Russia and soybean-producing regions of Brazil, traders said.

CBOT January 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Crop prices slide as pandemic concerns rattle markets

Traders await U.S. export sales data Thursday

Chicago | Reuters — U.S. grain and soybean futures fell on Wednesday as part of a broad sell-off in markets fueled by concerns about the economic impact of a global surge in COVID-19 cases, traders said. Losses in agricultural futures pulled corn prices back from a 14-month high reached on Tuesday and soybean prices down