CBOT September 2019 soybeans (candlesticks) compared to September corn (line). (Barchart)

CBOT weekly outlook: USDA report leaves trade unsteady

MarketsFarm — Chicago Board of Trade markets were volatile following Friday’s U.S. Department of Agriculture’s acreage report, which saw more corn acres and fewer soybeans than expected. “We had a sharp break, but now we’re starting to recover a bit,” said Steve Georgy, president of Allendale Inc. in Illinois. USDA’s next world agriculture supply and […] Read more

CBOT July 2019 soybeans with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

CBOT weekly outlook: Bullish U.S. Midwest weather story not over

MarketsFarm — Corn and soybean futures at the Chicago Board of Trade may have run into some profit-taking resistance, but underlying concerns over wet fields and lost acres should keep the general uptrend in place heading through the summer. “I don’t think this weather story is anywhere near over,” said Preston Zacharias of CHS Hedging’s […] Read more



CBOT July 2019 soybeans (candlestick chart) compared to July 2019 soybeans (orange line chart). (Barchart)

CBOT weekly outlook: Weather, trade wars keep futures volatile

MarketsFarm — Extended durations of wet spring weather continue to buoy prices on the Chicago Board of Trade — and price volatility will remain high based on long-term weather forecasts. “Whenever you’re in a weather problem phase, volatility tends to increase,” explained Terry Reilly, a grains analyst with Futures International. Currently, soybeans are trading around […] Read more