Chicago Board of Trade (CBOT) soybean futures rose to their highest level in nearly four months on Tuesday as holdups in getting recently harvested South American crops to market buoyed demand for U.S. supplies, traders said. Corn and wheat futures also rose, with a weak dollar and strong equities market adding a bullish tone to […] Read more
U.S. soybeans rise, hit four-month high on strong exports
U.S. soy, corn, wheat rise as export demands spur buying
U.S. soybeans futures rose 1.2 per cent on Thursday as strong export demand spurred a wave of technical buying, traders said. Soybean prices, which passed through key technical resistance points at the 30-day, 100-day and 200-day moving averages, benefited from ongoing concerns about delays in moving recently harvested crops in South America to overseas buyers. […] Read more
U.S. soy pressured by oil, Chinese economic data
U.S. soybean futures fell on Friday along with crude oil prices, pressured by weaker-than-expected economic data from China, traders said. The decline came despite the U.S. Agriculture Department’s announcement of another sale of U.S. soy to the world’s top buyer of the oilseed. Wheat futures firmed as bargain buyers entered the market with prices trending […] Read more
U.S. soy rises along with export demand
U.S. soybean futures rose on Wednesday as delays in getting recently harvested crops in Brazil to ports bolstered export demand for U.S. supplies, traders said. "Even with the South American harvest coming on, the United States is still selling soybeans to China as South American vessels are waiting to load soybeans out of their ports," […] Read more
U.S. corn posts biggest rally in six weeks
U.S. corn futures rose 1.6 per cent on Tuesday, pushing through the key US$7-a-bushel level and notching their biggest gains in six weeks on bargain hunting and hopes that U.S. supplies will gain traction with overseas buyers, traders said. "They are talking (about) getting a little bit more competitive on the export market," said Jason […] Read more
KCBT hard red wheat poised to eclipse CBOT soft red in deal
The Kansas City Board of Trade’s lightly-traded hard red winter wheat futures contract is positioned to become the new benchmark for U.S. wheat prices following a takeover by CME Group, traders said. The size of the U.S. hard red winter wheat crop, which is used to make bread rolls, is the best argument for why […] Read more
U.S. wheat falls as crop conditions improve
U.S. wheat futures fell on Monday, with the benchmark Chicago Board of Trade (CBOT) contract shedding 2.3 per cent to drop below US$7 a bushel for the first time since June, as storms in the U.S. Plains boosted harvest prospects. Snow and a snow-rain mix was blanketing nearly all of the U.S. Plains hard red […] Read more
U.S. wheat falls, soy off as weather improves
Chicago Board of Trade (CBOT) wheat futures fell two per cent on Monday, hitting a one-month low after rain and snow fell in the drought-stricken U.S. Plains and eased concerns that the hard red winter wheat harvest might be diminished. "It didn’t eliminate (drought) concerns but it took a good chunk out of concerns," said […] Read more
U.S. corn, wheat bounce from six-month lows
U.S. soybean futures rose 1.6 per cent on Monday due to technical buying after prices fell for four straight sessions last week to their lowest level since mid-November, traders said. Corn and wheat also edged higher, with bargain buyers stepping into the market with prices near six-month lows. "If nothing else, the market is oversold," […] Read more
U.S. wheat posts largest 2012 gain among commodities
Wheat and soybean futures edged lower on Monday, but ended the year as the best performers in a basket of commodities, including crude oil, as demand lifted prices and the worst drought in half a century crimped supplies. Wheat posted the biggest gain this year among the 19 commodities in the Thomson Reuters-Jefferies CRB index, […] Read more
Canadian Cattlemen Presents: Depth of Field
