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CBOT soybean oil

Soybeans down 6-9 cents; corn down 3-5 cents; wheat up 0-1 cents
Markets

Soybeans down 6-9 cents; corn down 3-5 cents; wheat up 0-1 cents

  • CBOT wheat hovered near even overnight after a 1.5% drop Thursday, pressured by beneficial rains expected across the US Southern Plains.
  • China is scooping up supplies of US white wheat to feed livestock, pushing export forecasts for the grain usually used to make sponge cakes and noodles to a 27-year-high.
Published 12 Mar, 2021 09:14pm
Corn down 5-10 cents, wheat down 7-9, soybeans down 3-5
Markets

Corn down 5-10 cents, wheat down 7-9, soybeans down 3-5

  • The US Department of Agriculture reported export sales of US old-crop wheat at 167,800 tonnes, a marketing year low that fell below a range of trade expectations, while new-crop sales totaled 14,800 tonnes.
  • Corn futures slid to session lows after the USDA's weekly export sales data fell below trade expectations.
Published 25 Feb, 2021 09:00pm
CBOT soybeans may drop to $13.57-3/4
Markets

CBOT soybeans may drop to $13.57-3/4

  • A downwards wave C could be progressing, which is capable of traveling far below $12.98. A break above $13.80-1/2 could lead to a gain to $13.94-3/4.
Published 08 Feb, 2021 10:28am