Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


End-of-day quote. End-of-day quote Chicago Board Of Trade - 05/13
726.5 USc   -3.74%
03:29pCorn Drops in Thursday Correction
05:02aIndia's Consumer Inflation Eases to Three-Month Low in April on Weak Food Prices
12:11aCorn hits over one-week low as USDA production forecast beats estimates
SummaryMost relevantAll NewsOther languagesMarketScreener Strategies

GRAIN HIGHLIGHTS: Top Stories of the Day

04/09/2021 | 05:40pm EDT


Wheat Higher as Global Supply Looks to Fall

Wheat for May delivery rose 1.6% to $6.38 3/4 a bushel, on the Chicago Board of Trade Friday, maintaining an uptick in prices after the WASDE report showed tighter world supplies for wheat.

Wheat futures on the CBOT found support following the release of the monthly WASDE by the USDA. In its report, the USDA cut world wheat ending stocks by 5.7 million metric tons, to 295.5 million tons. "The 2020/21 global wheat outlook is for slightly smaller supplies, increased consumption, higher exports and reduced stocks this month," said the USDA in the report. World production is also projected to drop, with the USDA cutting it by 300,000 tons to 776.5 million tons.

Unsurprising WASDE Pares Corn Gains -- Market Talk

12:36 ET - US corn inventories were forecast lower by the USDA in its latest WASDE report released this afternoon -- estimating ending stocks at 1.35B bushels, down from a projection of 1.5B bushels last month. The cut was roughly what was anticipated by analysts surveyed by WSJ, which caused momentum in grains futures to grind to a halt. "The report was fairly neutral in the corn," says Charlie Sernatinger of ED&F Man Capital. Corn futures were trading 0.9% higher before the WASDE's release, but are now trading up 0.5%. (kirk.maltais@wsj.com; @kirkmaltais)


Fund Traders Cut Corn Long Positions

Large funds have pulled back their long positions in corn, according to government data.

Managed money funds cut over 12,000 long contracts in corn for the week ended April 6, according to the commitment of traders report from the Commodity Futures Trading Commission. Funds also cut their short positions in corn by over 4,000 contracts.

Soybeans Turn Lower as Wasde Suggests More Supply -- Market Talk

12:44 ET - Soybean futures are down following the USDA's release of its monthly Wasde report, with CBOT most active futures down 0.4%. Grains traders are reacting to the USDA not changing its outlook to US soybean ending inventories at 120M bushels. "Soybean ending stocks stayed the same as the USDA reduces the residual to account for higher demand," Craig Turner of Daniels Trading says. "This implies last year's crop may have been understated." Meanwhile, Brazilian soybean production is seen as being higher than expected by analysts. Before the report's release this afternoon, soybean futures were trading 0.1% lower. (kirk.maltais@wsj.com; @kirkmaltais)


Cattle Futures Sink as USDA Projects Higher Beef Production -- Market Talk

15:27 ET - Live cattle futures trading on the CME closed trading Friday down 2% to $1.22575 per pound. One reason for the drop in futures came from the USDA's WASDE report released at noon eastern time--which showed a higher beef production estimate based on the expectation of higher volumes of cattle slaughtered. However, the USDA did raise its target for cattle prices in 2021 "on current price strength and firm demand." Hog futures finished trading today up 0.2% to $1.0895 per pound, with the USDA calling for US pork production to be lower due to a slower pace of slaughter. (kirk.maltais@wsj.com; @kirkmaltais)

(END) Dow Jones Newswires

04-09-21 1739ET

Stocks mentioned in the article
ChangeLast1st jan.
CORN FUTURES (C) - CBR (FLOOR)/C1 -5.08% 719 End-of-day quote.56.92%
DJ INDUSTRIAL 1.29% 34021.45 Delayed Quote.11.97%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.31% 137.025 End-of-day quote.-1.58%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 -0.17% 115.4 End-of-day quote.5.00%
SOYBEAN MEAL FUTURES (ZM) - CBE (ELECTRONIC)/C1 -6.08% 423.5 End-of-day quote.3.48%
SOYBEAN OIL FUTURES (ZL) - CBE (ELECTRONIC)/C1 -0.90% 68.04 End-of-day quote.58.46%
WHEAT FUTURES (W) - CBR (FLOOR)/C1 -3.74% 726.5 End-of-day quote.17.84%
All news about WHEAT FUTURES (W) - CBR (FLOOR)/C1
03:29pCorn Drops in Thursday Correction
05:02aIndia's Consumer Inflation Eases to Three-Month Low in April on Weak Food Pri..
12:11aCorn hits over one-week low as USDA production forecast beats estimates
05/12Soybeans retreat from 8-1/2-year high as dollar holds gains
05/12GRAIN HIGHLIGHTSá : Top Stories of the Day
05/12Soy futures reach highest since 2012 on supply woes; vegoils surge
05/12INSIDER TRENDS : Insider at D R Horton Acquires Stock Via Conversion of Option/D..
05/12Soybean Futures Rise as WASDE Confirms Tight Supply
05/12Domestic demand to pressure U.S. corn, soy, wheat stocks as exports fade
05/12USDA SUPPLY/DEMANDá : Crop Summary - May 12
More news
Duration : Period :
WHEAT FUTURES (W) - CBR (FLOOR)/C1 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WHEAT FUTURES (W) - CBR (FLOOR)/C1
Short TermMid-TermLong Term