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Spring wheat

(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: CBOT wheat rallies on short-covering

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Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures rallied on Thursday for the second time in three days, hitting their highest in more than a week as investors scrambled to unwind short positions, traders said. The short squeeze came as the winter wheat crop in the U.S. has been breaking dormancy. “I think […] Read more
CBOT May 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat falls on profit-taking

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures eased 1.2 per cent on Wednesday, setting back on a mild round of profit taking after prices posted their biggest rally since last summer on Tuesday. Corn and soybeans ended higher after weakening overnight and early in the day session as traders moved to cover short positions amid […] Read more
CBOT May 2019 wheat with Bollinger bands, a gauge of market volatility. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat rallies as investors cover shorts

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures jumped 5.5 per cent on Tuesday, rebounding from contract lows on a round of technical buying and bargain hunting in an oversold market, traders said. Corn and soybeans also were higher after recent declines, but their gains paled in comparison with wheat as traders unwound bearish positions despite […] Read more
CBOT May 2019 wheat, with MGEX May 2019 wheat in orange. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures plunge to contract lows

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures sank 2.7 per cent to their lowest since January 2018 on Monday, pressured by plentiful stocks that were providing overseas buyers with multiple options for supplies when looking for export deals. The weakness in wheat weighed on corn, which notched its fourth straight day of declines and hit […] Read more
(Qingwa/iStock/Getty Images)
Crops, Markets

USDA’s latest WASDE lacks ‘market-turning’ news

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Reading Time: < 1 minute MarketsFarm — There was nothing in the U.S. Department of Agriculture’s latest world supply and demand estimates (WASDE) report that could have created major moves on commodities markets, according to an analyst. The report, issued Friday, “didn’t give us any kind of a market-turning type news,” said Steve Georgy, president of Allendale Inc. in McHenry, […] Read more
CBOT May 2019 corn, with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn hits contract lows

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell to contract lows on Friday after the U.S. Department of Agriculture raised its forecast of U.S. corn ending stocks above a range of trade expectations, reflecting a drop in the government’s corn export forecast. U.S. soybean futures also declined and wheat recorded a fifth straight weekly decline, […] Read more
CBOT May 2019 soybeans with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans inch up on China purchases

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures inched upward on Thursday on news that Chinese state-owned firms bought at least 500,000 tonnes of U.S. soybeans, while wheat futures dropped to their lowest levels in more than a year on pressure from a strengthening dollar, traders said. Chinese state-owned firms bought the U.S. soybeans for shipment […] Read more
CBOT May 2019 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans fall as news of China trade deal awaited

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Reading Time: 2 minutes Chicago | Reuters — Chicago grain futures struggled to gain any traction on Tuesday, with wheat rising slightly on technical buying and soybeans slipping as traders anxiously awaited more news on the U.S.-China trade talks. Corn futures inched up late in the trading session, finding support on planting concerns and technical buying, traders said. “Corn […] Read more
CBOT May 2019 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans firm on trade deal hopes

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Reading Time: 3 minutes Chicago | Reuters — Chicago soybean futures climbed on Monday amid news reports that Beijing and Washington are close to settling a lingering trade dispute, a breakthrough that could boost China’s demand for U.S. soy and other agricultural products. Corn also rose, pulling away from a three-month low struck in the previous session. Wheat prices […] Read more

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