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Tag Archives Corn

Photo: Getty Images
Markets

U.S. grains: Corn, soybeans touch new multi-year lows on grain glut worries

Easing heat wave in Argentina tempers crop worries

By GFM Network News, P.J. Huffstutter, Reuters February 7, 2024
Chicago corn prices dipped to a new three-year low on Wednesday, as weather charts showed a hot, dry spell in Argentina will give way to widespread rain in the coming days, traders said.

File photo of a cornfield in Argentina. (Reisegraf/iStock/Getty Images)
Crops, Markets

USDA attaché sees improvement in Argentina wheat, corn

Recent hot spell in Argentina may have eroded potential corn yields

By GFM Network News, Glen Hallick - MarketsFarm February 7, 2024
Ahead of the February supply and demand estimates from the United States Department of Agriculture, the department’s attaché in Buenos Aires issued their grain and feed update on Argentina. 


CBOT soybeans ZSH24 on Feb. 6 with Bollinger bands. (Barchart)
Markets

U.S. grains: Soybeans firm on bargain-buying ahead of USDA report

Wheat futures rose while corn ended lower on forecasts for rain in Argentina

By GFM Network News, Karl Plume, Reuters February 6, 2024
U.S. soybean futures firmed on Tuesday for a second straight session as short-covering and technical-buying fueled a bounce from multi-year lows a day earlier, though concerns about weak demand limited gains.

CBOT soybeans ZSH24 on Feb. 5. (Barchart)
Markets

U.S. grains: Soybeans move higher on technical trading ahead of government reports

Strong dollar weighed heavy on wheat; corn pressured by sluggish exports

By GFM Network News, P.J. Huffstutter, Reuters February 5, 2024
Chicago Board of Trade soybeans futures on Monday rose on technical trading ahead of a slew of key government crop reports, after the most-active contract Sv1 touched the lowest price since December of 2020, traders said.


The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)
Markets

U.S. grains: Soybeans slide on disappointing US export data; corn also down

Demand for U.S. soy hampered by strong competition from Brazil, China's economic woes

By GFM Network News, Julie Ingwersen, Reuters February 1, 2024
U.S. soybean futures fell about 1.5 per cent on Thursday on disappointing weekly U.S. export sales data coupled with strong competition from Brazil, where the soy harvest is expanding, traders said.

(Medioimages/Photodisc/Getty Images)
Markets

CBOT weekly outlook: Downturn continues for grains

Early harvest reports from South America could affect prices

By Adam Peleshaty – MarketsFarm, GFM Network News February 1, 2024
March grain futures at the Chicago Board of Trade (CBOT) were in decline during the week ended Jan. 31 despite receiving a boost on Jan. 30.


Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)
Markets

U.S. grains: Wheat futures sag; corn, soybeans hover near multi-year lows

South American rainfall, Chinese demand, good production outlook for U.S., Russian wheat weighing on prices

By GFM Network News, Julie Ingwersen, Reuters February 1, 2024
U.S. wheat futures fell on Wednesday on technical selling and spillover weakness from European wheat markets amid thin export demand, while corn and soybeans stabilized after setting multi-year lows a day earlier.

CBOT corn ZCH24 on Jan. 30 with 20-day moving average. (Barchart)
Markets

U.S. grains: Corn, soybeans close higher, rebounding after multiyear lows

Wheat followed the firm trend, bouncing after a slide to one-week lows

By GFM Network News, Julie Ingwersen, Reuters January 30, 2024
U.S. corn and soybean futures rallied on Tuesday, closing higher on a round of bargain buying after both commodities fell to multiyear lows, although supportive news about supply and demand was lacking, analysts noted.


CBOT Soybeans ZSH24 on Jan. 29, 2014 with Bollinger bands. (Barchart)
Markets

U.S. grains: Soy hits 2-yr lows on South American crop prospects, demand worries

Chinese demand less certain as real estate crisis deepens there

By GFM Network News, Julie Ingwersen, Reuters January 29, 2024
U.S. soybean futures fell to two-year lows below $12 a bushel on Monday, pressured by improving prospects for large South American harvests and worries about demand as top global soy buyer China struggles with a real estate crisis, analysts said.

CBOT soybeans ZCH24 on Jan. 26 with Bollinger bands. (Barchart)
Markets

U.S. grains: Soybeans, corn pressured by South American supply prospects

Outlooks for large soy and corn crops in Argentina, optimism about Brazil's harvest set the tone

By GFM Network News, Julie Ingwersen, Reuters January 26, 2024
U.S. soybean futures sank to a one-week low on Friday and corn fell more than 1 per cent as traders focused on improving prospects for South American harvests, analysts said.


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