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Daily Network News

  • Photo: JHVEPhoto/Getty Images Plus

    U.S. grains: Chicago grain prices fall amid profit-taking and dollar rebound

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Tag Archives U.S. dollar


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

U.S. grains: Soybeans rise in technical rebound; corn ends firm, wheat flat

Gains limited by sizable South American crops; doubts over Chinese demand hangs over market

By GFM Network News, Karl Plume, Reuters January 23, 2024
U.S. soybean futures Sv1 rose for a second straight session on Tuesday on technical buying and short covering after notching multi-year lows last week, although lacklustre demand and improved crop weather in top exporter Brazil limited gains.

CBOT soybeans ZSH24 on Jan. 22 with 20 and 50-day moving averages (Barchart)
Markets

U.S. grains: Soybeans rise, led by soyoil and crude oil; wheat up, corn choppy

Crude oil futures rose almost 2 per cent on supply disruptions, supporting soy

By GFM Network News, Julie Ingwersen, Reuters January 22, 2024
U.S. soybean futures climbed on Monday as soyoil futures jumped 2.7 per cent on short-covering and strength in crude oil, traders said.


CBOT corn ZCH24 on Jan. 19 with 20, 50 and 100-day moving averages. (Barchart)
Markets

U.S. grains: Corn futures decline for sixth week in a row

Short-covering, positioning and U.S. export demand advance corn and wheat Friday

By GFM Network News, Reuters, Tom Polansek January 19, 2024
U.S. corn futures lost ground for the sixth consecutive week and soybean futures declined the fifth week in a row after expectations for plentiful supplies pushed the markets to multi-year lows on Thursday.

  Photo: Greg Berg
Markets

Western Canadian wheat bids trend down with U.S. futures

Canadian dollar weakened relative to U.S. counterpart

By GFM Network News, Phil Franz-Warkentin January 19, 2024
Spring wheat bids in Western Canada continued to trend lower during the week ended Jan. 18, as a move to contract lows in the United States futures weighed on values and countered support from a weaker Canadian dollar.


CBOT Soybeans ZSH24 on Jan. 16 with Bollinger bands. (Barchart)
Markets

U.S. grains: Soybean futures firm as traders wrestle with Brazilian output forecasts

Conflicting South American soy crop forecasts roil trade; market processing USDA crop production report

By GFM Network News, P.J. Huffstutter, Reuters January 16, 2024
Chicago Board of Trade soybean futures ended higher on Tuesday on a technical bounce, amid a day of volatile trading and a flurry of news with conflicting pricing guidance, traders said.

Corn ZCH24 on Jan. 12 with 20-day moving average. (Barchart)
Markets

U.S. grains: Corn plunges on robust supplies, sluggish US demand

Soybeans fell to lowest price in 26 months on larger Brazilian crops, U.S. yield

By GFM Network News, P.J. Huffstutter, Reuters January 12, 2024
Chicago corn futures plunged to a three-year low on Friday after the U.S. Department of Agriculture reported that U.S. corn stocks swelled to their highest levels since 2018


  Photo: Greg Berg
Crops, Markets

Prairie wheat weekly outlook: Narrow price movements for wheat, durum 

The Canadian dollar lost three tenths over the week

By GFM Network News, Glen Hallick - MarketsFarm January 12, 2024
Wheat prices across the Canadian Prairies were narrowly mixed for Canadian Western Red Spring Wheat and Canada Prairie Red Spring Wheat, while those for Canadian Western Amber Durum eased back by small amounts. 

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

U.S. grains: Soy futures near two-year lows as traders await US crop reports

Corn futures eased; wheat futures also slumped

By GFM Network News, Reuters, Tom Polansek January 11, 2024
Chicago Board of Trade soybean futures ended flat on Thursday and remained near their lowest level since December 2021 amid lackluster demand for U.S. exports and an improved South American supply outlook.


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

U.S. grains: Soybeans fall on demand concerns, Brazilian crop outlook

Corn, wheat futures were steady to up

By GFM Network News, P.J. Huffstutter, Reuters January 10, 2024
Chicago soybean futures fell on Wednesday, shedding gains from the previous session, amid growing market concerns about export demand and improving weather for Brazil's oilseed crop.

Photo: Thinkstock
Crops, Markets

CBOT weekly outlook: Big surprises unlikely in S/D report 

Watch out for which side of two billion bushels U.S. corn carryout lands, analyst says

By GFM Network News, Glen Hallick - MarketsFarm January 10, 2024
Ahead of the monthly report from the United States Department of Agriculture on Jan. 12, Allendale Inc. president Steve Georgy said he’s not expecting any major surprises for U.S. corn, soybeans or wheat at this point in the 2023/24 marketing year. 


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