Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose roughly two per cent on Tuesday to hit a one-week high on bargain buying and concerns about crop prospects in the southern Midwest, traders said. Soybeans were also higher while corn futures firmed, rallying from contract lows as wheat advanced. At the Chicago Board of Trade, March […] Read more
U.S. grains: Wheat rallies on bargain-buying, fund short-covering
Flooding in U.S. Midwest threatens winter wheat
Reading Time: < 1 minute Chicago | Reuters — Heavy weekend storms caused flooding in parts of the southern U.S. Midwest, threatening the region’s soft red winter wheat, crop experts said on Monday. A swath of eastern Texas, Arkansas, Missouri and southern Illinois received 7.5 to 18 cm of rain with localized totals of up to 25 cm, MDA Weather […] Read more
U.S. grains: Soybeans fall on improved Brazil weather forecasts
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures fell for a fifth straight session on Monday as forecasts for rains across Brazil’s key producing region Mato Grosso eased concerns of potential yield losses in the world’s largest exporter. Corn futures fell to life-of-contract lows on fears of slowing export demand, and wheat followed […] Read more
U.S. grains: Soybeans, corn climb, rallying from last week’s lows
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures hit three-week highs on Monday on bargain buying and a technical rebound from long-term lows established last week, traders said. Corn also firmed at the Chicago Board of Trade while wheat ended mixed, with nearby contracts pressured by larger-than-expected deliveries against the December contract. At the CBOT, January […] Read more
U.S. grains: Wheat firms but weak exports limit gains
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures firmed on Thursday on technical buying including short-covering, but advances were modest as export sentiment remained gloomy. Soybean futures also rose while corn closed narrowly mixed. At the Chicago Board of Trade, December wheat settled up 3-1/4 cents at $4.98 a bushel, after briefly trading above $5 for […] Read more
U.S. grains: Wheat firms on technical buying; corn, soy also firm
Reading Time: 2 minutes Chicago/Reuters – Wheat prices rose about 1.4 per cent on Tuesday, rebounding in largely technical trade on ideas that a sell-off of nearly 3 per cent a day earlier was overdone, traders said. Corn and soybeans were also higher, supported by firm U.S.cash markets. At the Chicago Board of Trade as of 12:54 p.m. CST (1854 GMT), December wheat was […] Read more
U.S. grains: Wheat falls below $5 on global supply, forecasts
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade wheat futures fell roughly two per cent on Friday, dropping below US$5 a bushel amid plentiful global supplies and forecasts for timely rains in the U.S. Plains, analysts said. Corn firmed after hitting a one-month low ahead of a busy U.S. harvest weekend. Soybean futures fell on […] Read more
U.S. grains: Corn at three-week low, soy sags on harvest pressure
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures fell to the lowest in more than three weeks and soybeans also eased, pressured by the ongoing Midwest harvest, while wheat fell one per cent in subdued trading on Thursday. At the Chicago Board of Trade, December corn settled down 3-1/2 cents at $3.75-1/2 per bushel after dipping […] Read more
U.S. grains: Wheat falls on technical selling, rainy forecasts
Reading Time: 2 minutes Chicago | Reuters –– U.S. soft red wheat futures fell two per cent on Wednesday on profit-taking coupled with forecasts for beneficial rains next week in parts of the southern Plains and the Black Sea region, analysts said. Corn fell in sympathy with wheat and amid U.S. harvest progress while soybeans drifted lower, one day […] Read more
U.S. grains: Soybeans top US$9 on Chinese demand
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures traded at the highest levels in nearly two months, topping US$9 a bushel on fresh export demand from top buyer China and global weather worries, analysts said. Wheat and corn also climbed, with wheat up more than two per cent after a four-session slide. At the Chicago Board […] Read more
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