WHEAT – Up 3 to 5 cents per bushel. Weak dollar and short-covering after the declines on Friday lift wheat futures. CORN – Up 2 to 3 cents per bushel. Short-covering after the decline Friday and weak dollar combine to lift corn futures. Gains limited by improved U.S. seeding weather. Trade expecting USDA late on… read more
Tag Archives: Grains
Opening Grain News
CHICAGO (Dow Jones)–Estimates for increased world corn and soybean carryout issued in a U.S. Department of Agriculture report Friday are bearish for Chicago Board of Trade grain and soybean futures, traders said. CBOT corn and wheat are called to open the day session 1-2 cents per bushel lower. CBOT soybeans are called to open 2-3… read more
Current pattern may setting up major sell for Soybeans. [chart]
Soybeans have been trading is sideways trading range for the past two and half months. The last attempt to test the up-sloping median line failed and the market has dropped back to test the lower trigger line. A break below the (red) trigger line is bearish and typically portends a significant price move in the… read more
Spread traders may want to consider this seasonal Soybean spread. [chart]
According to the Moore Research Center of Eugene, OR, it is time to consider the seasonal Soybean spread of long July Soybeans and short November Soybeans. They state that the seasonal recommendation begins on April 4 and runs thru May 7. Moore Research reports that the spread has been profitable 12 out of the past 15… read more
Open Grain Calls
CORN – Down 1 to 2 cents per bushel. Higher dollar, lower crude oil and plentiful supply of feedgrains weigh on corn futures. Some choppy price action amid unsettled U.S. corn seeding weather. SOYBEANS – Down 2 to 3 cents per bushel. Firm dollar, lower crude oil and harvesting of record large South American soybean… read more
Opening Grain Calls
WHEAT – Down 1/2 to 1 cent per bushel. Strong condition ratings for the U.S. winter wheat crop as released by the USDA late Monday and a firm dollar weighs on wheat futures. KCBT HRW winter wheat firm as Iraq buys wheat including 50,000 tonnes of U.S. HRW wheat. CORN – Up 1/2 to 1… read more
Soybean calls
CHICAGO (Dow Jones)–Soybean futures at the Chicago Board of Trade are poised for a firm start to the first full trading week of April, underpinned by the positive influence of other financial markets. CBOT soybeans are seen opening 2 cents to 3 cents higher.… read more
Opening Grain Calls
CHICAGO, March 31 (Reuters) – CBOT soy futures were called to open down at least 7 to 12 cents per bushel Wednesday, with corn down 3 to 5 cents and wheat down 2 to 4 cents on what traders called bearish stocks data in USDA’s quarterly stocks report. (Reporting by Sam Nelson; Editing by John… read more
Grain stocks and Prospective Planting…what they were Expecting
(Recasts top of story with details from USDA report) By Charles Abbott WASHINGTON, March 31 (Reuters) – U.S. farmers will plant a mammoth 88.8 million acres of corn — the second-largest acreage since 1946 — and a record 78.1 million acres of soybeans in response to high prices for the crops, the government said on… read more
Prospective Planting and Grain Stocks [3/31/2010]
Prospective Planting Released March 31, 2010, by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA). Special Note NASS is in the process of modifying report layouts in order to improve readability. This is the first issue produced using the new layout. This report issue is published using both… read more