Commodity watcher John DePutter takes a look at why ‘extreme market positions’ are being taken in corn, wheat and soybean futures — and why that matters to Prairie farmers.
Tag Archives soybean futures
Several market relationships are out of kilter
We take a look at why extreme positions are being taken in three specific crop commodity markets and why it matters
U.S. grains: Chicago wheat futures dip on global supply pressure; corn, soybeans fall
Soybeans slip on slower-than-hoped U.S. export sales
Chicago | Reuters – Chicago Board of Trade wheat futures fell on Friday and notched a weekly loss, as plentiful global supply from ongoing Northern Hemisphere harvests outweighed strong U.S. exports. Corn futures eased on the day, with the most-active contract Cv1 ended the week nearly 2.05 per cent lower, amid expectations of a large […] Read more
Corn, soy futures may have bottomed out
HOUSTON, Texas — Grain analysts believe corn and soybean futures prices have bottomed out. DTN lead analyst Todd Hultman told growers attending the 2024 Commodity Classic conference that corn ending stocks in the United States are forecast to be about the same level they were in the 2015-20 period. Related stories: Corn and soybean prices […] Read more
Soy oil price continues to slide
A technical analysis had DTN lead analyst Todd Hultman thinking soybean oil futures were going to finish October by closing above the 20-day average of US54 cents per pound. That would have signaled a bottoming out in prices and a bullish change in short-term momentum. That did not happen. Prices continued to fall, closing at […] Read more
USDA increases corn, drops soy estimates
The November soybean futures contract jumped US$74.25 per tonne on June 30, the day the report was released, while the December corn futures contract fell $33.75.
