Chicago Board of Trade soybean futures finished slightly higher on Friday but posted a second weekly loss after China made large purchases of Argentine cargoes this week, snubbing U.S. supplies.
Chicago | Reuters – Chicago Board of Trade soybean futures ended slightly higher on Thursday as Argentina reinstated export taxes on grains after a suspension increased competition for sales on the global market. Corn futures also crawled higher as traders monitored reports from early U.S. harvesting, while wheat futures jumped in a recovery from contract […] Read more
Chicago | Reuters – U.S. soybean futures eased on Wednesday on export concerns as large sales of Argentine soy to China kept attention on the top importer’s lack of purchases from the U.S. Corn followed soybeans lower, although losses were limited by early harvest reports of smaller-than-expected yields in the heart of the Midwest Corn […] Read more
Chicago | Reuters – U.S. soybean futures set a six-week low on Tuesday under pressure from a lack of Chinese demand and increased competition for export sales from Argentina, analysts said. The market finished slightly higher in a technical rebound, traders said. Wheat futures also recovered after setting contract lows, with an expected boost to […] Read more
Chicago | Reuters – soybeans fell to a six-week low on Monday, as a phone call last week between U.S. President Donald Trump and Chinese President Xi Jinping provided no signs of progress on negotiations over agricultural exports, analysts said. Wheat fell on expectations of plentiful global supplies. Corn also dipped as dealers awaited the […] Read more
Chicago | Reuters – U.S. soybean and corn futures fell on Thursday on seasonal pressure as the harvest expanded in the heart of the Midwest and the dollar firmed, making U.S. grains less competitive globally, analysts said. Uncertainty about biofuel demand weighed on soyoil futures as well. Chicago Board of Trade November soybeans SX25 settled […] Read more
Chicago | Reuters – Chicago corn and soybean futures sagged on Wednesday, retreating from multi-week highs on profit-taking and an uptick in the dollar, while a drop in soyoil futures added pressure, analysts said. Wheat futures followed the lower trend, with forecasts for rains in the southern U.S. Plains adding to bearish sentiment. Chicago Board […] Read more
Chicago | Reuters – Chicago Board of Trade corn futures hit their highest in more than two months on Tuesday, buoyed by a weaker dollar and uncertainty about the size of the U.S. crop, analysts said. Soybeans drew support from optimism about U.S. trade talks with China, the world’s largest soy buyer, given news that […] Read more