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Soybeans

Crops, Markets, Soybeans

CBOT weekly outlook: Chinese demand leading factor in bullish soy market

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MarketsFarm — China’s demand for U.S. soybeans has been the major factor behind the bullish soy complex at the Chicago Board of Trade (CBOT), according to Terry Reilly of Futures International in Chicago. China has been on something of a buying tear, with sales being announced by the U.S. Department of Agriculture (USDA) on a […] Read more
Corn, Crops, Markets, Soybeans, Weather

StatsCan adjusts expected corn, soy harvests upward

Satellite models predict higher yields on fewer acres

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Statistics Canada’s latest batch of satellite-modelled crop data includes slightly raised expectations for Canadian corn and soybean harvests this fall. StatsCan on Monday released model-based principal field crop estimates for the period ending Aug. 31, suggesting higher soy and corn numbers than seen in its Production of principal field crops report released Aug. 31, which […] Read more
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Seasonal harvest pressure weighs on soy, corn

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MarketsFarm — Market activity on the Chicago Board of Trade has been characteristic for September, with harvest activity keeping pressure on values. “The trend for September turns to the downside as harvest starts to pick up,” said Steve Georgy of Barrington Commodities at Barrington, Ill. However, next week’s world agriculture supply and demand estimates (WASDE) […] Read more
Corn, Crops, Soybeans

StatsCan predicts more corn, less soy in 2020 harvest

Fewer acres but higher yields predicted

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Statistics Canada’s latest round of expectations for the 2020 harvest calls for more corn and less soy than in 2019, with higher yields offsetting lower planted acres for both crops. In its Production of principal field crops report, using information from July — based on models created using satellite technology — StatsCan on Monday called […] Read more
Corn, Crops, Markets, Soybeans, Weather

CBOT weekly outlook: Rain needed across U.S. Midwest

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MarketsFarm — Dry conditions across the U.S. Midwest were among the factors that could affect commodity prices on the Chicago Board of Trade (CBOT) if rain doesn’t come soon, according to Scott Capinegro of Barrington Commodities at Barrington, Ill. Dry conditions in the region could lead to price increases for corn and soybeans. “Across northern […] Read more
Corn, Crops, Markets, Soybeans, Weather

CBOT weekly outlook: Benign weather keeps corn, soybeans pointed down

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MarketsFarm — Good U.S. Midwestern weather should keep the bias to the downside in corn and soybean contracts at the Chicago Board of Trade over the next few weeks, according to an analyst. Corn hit fresh contract lows on Tuesday before showing some recovery Wednesday, but “it’s not looking like it’s hit a bottom just […] Read more
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Large corn, soybean crops expected

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MarketsFarm – The Chicago Board of Trade (CBOT) continues to watch growing conditions in key regions of the United States, as record yields are expected for corn crops. “Corn is pretty much made,” said Terry Reilly of Futures International in Chicago, Ill. “Conditions have improved significantly, and nobody sees any major problems.” Trade participants expect […] Read more

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