Reading Time: 2 minutes Mexico City | Reuters — Chicago wheat hit a one-week high and closed up on Thursday as markets cautiously eye developments on the Black Sea grains corridor following a wave of fresh tensions between Russia and Ukraine. Corn clawed back some ground lost early in the day to close nearly flat after news of cancelled […] Read more
U.S. grains: Chicago wheat up on Black Sea deal doubts
Cancelled China sales weigh on corn prices
U.S. grains: Wheat rallies as tensions rise between Russia, Ukraine
Recent rains may not be enough to save U.S. wheat, traders say
Reading Time: 2 minutes Mexico City | Reuters — Chicago wheat rebounded from a 25-month low to close higher on Wednesday, edging up on fresh tensions between Russia and Ukraine that cast doubt on the future of the Black Sea grains corridor, analysts said. Corn also gained on the tensions. Soybeans, meanwhile, followed with a rally after touching a […] Read more
U.S. grains: Chicago wheat hits 25-month session low on good crop conditions
Market eyes talks on Black Sea grain corridor
Reading Time: 2 minutes Mexico City | Reuters — Chicago wheat hit a 25-month low in the session to close lower on Tuesday, on weather that looked good for U.S. crop development and improving crop conditions. Wheat has been pressured down in recent days after the winter wheat crop rating as of Sunday was up two points from the […] Read more
U.S. grains: Chicago grains up off new lows, end week higher
Wheat rebounds off another 21-month low
Reading Time: 2 minutes Reuters — Chicago grain and soybean futures ended higher on Friday after posting fresh lows earlier as traders anticipated hefty global supplies and kept an eye on weather in the U.S. Bouts of short covering ahead of the weekend lifted contracts after corn, soy and wheat futures all struck multi-month lows this week. Recent rains […] Read more
U.S. grains: Chicago wheat, corn hit fresh lows
Export competition, China cancellations drag on futures
Reading Time: 2 minutes Mexico City | Reuters — Chicago wheat futures fell for a seventh straight session on Thursday and touched a 21-month low on export competition while corn hit a nine-month low, walloped by cancellations of U.S. corn sales to China. The most-active wheat contract on the Chicago Board of Trade (CBOT) dropped 12-3/4 cents to settle […] Read more
U.S. grains: Chicago wheat closes down as global supplies look strong
Market monitoring Plains rain relief, Black Sea grain talks
Reading Time: 2 minutes Mexico City | Reuters — Chicago grains and soybean futures closed lower to mixed on Wednesday, as traders eyed sluggish demand and upcoming U.S. export sales data. Wheat fell on news of ample short-term global supplies, despite the risk that an agreement allowing exports from war-torn Ukraine may end next month. Canadian farmers intend to […] Read more
U.S. grains: Chicago grains flat or down with weather, Black Sea in focus
Large Russian supplies temper fears over Black Sea deal collapse
Reading Time: < 1 minute Mexico City | Reuters — Chicago grain futures closed flat or lower on Tuesday, with wheat hitting a 21-month low, as markets were weighed down by a dip in stocks and crude oil and clear forecasts for U.S. planting weather, traders said. Corn closed slightly up as the market weighed increasing export competition from Brazil, […] Read more
U.S. grains: Cheap Brazilian soybeans destined for U.S.
U.S. weather, Ukrainian exports also in focus
Reading Time: 2 minutes Mexico City | Reuters — U.S. soybean futures closed the week down on Friday, extending losses as cheap Brazilian beans were being snatched up by the U.S., the second-largest soy producing country in the world. A drop in prices due to abundant local supplies and cooling demand have made Brazil an attractive origin for soybeans, […] Read more
U.S. grains: Chicago grains down on export data, weather
EU transit plan, Black Sea inspections temper Ukraine fears
Reading Time: 2 minutes Reuters — Chicago grains closed lower Thursday on lower-than-expected U.S. soybean export sales data, and favourable weather that would allow for planting to accelerate in the Midwest farm belt. Grains prices were also impacted by crude oil falling. The U.S. Department of Agriculture said soybean weekly export sales totalled 103,000 tonnes, below forecasts. “Export sales […] Read more
U.S. grains: Chicago futures dip as Ukraine inspections resume
Planting windows seen in U.S. despite rain forecasts
Reading Time: 2 minutes Mexico City | Reuters — Chicago grains and soy futures closed lower on Wednesday after inspections of ships carrying Ukrainian grain from the Black Sea resumed, and crude oil’s dip pressured prices down. A Ukrainian official said that “ship inspections are being resumed, despite the RF’s (Russian Federation’s) attempts to disrupt the agreement.” Kyiv faces […] Read more
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