Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures retreated on Friday after a five-session rally, led by declines in corn and soybeans as a surging dollar prompted broad weakness in commodities. The dollar set a fresh 12-year high against the euro on expectations of a Federal Reserve interest rate hike. At the Chicago Board of Trade, […] Read more
U.S. grains: Grains retreat as dollar soars
U.S. grains: Wheat extends rally on short-covering, dryness
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose for a fifth straight session on Thursday, hitting a 1-1/2-week high on short-covering and worries over potential yield losses due to poor weather in parts of the U.S. crop belt, analysts said. Corn and soybeans closed lower, with both commodities retreating from early gains on disappointing weekly […] Read more
U.S. grains: Wheat rises to one-week high on dry U.S. Plains
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose 1.2 per cent to a one-week high on Wednesday, extending four-day gains to nearly four per cent on short-covering and concerns about dry weather in U.S. growing regions. Corn and soybeans also firmed, although renewed strength in the dollar capped rallies. At the Chicago Board of Trade, […] Read more
U.S. grains: Soybeans sag after monthly USDA report
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade soybean futures fell on Tuesday after the U.S. Department of Agriculture surprised analysts by leaving its forecast of domestic soy inventories unchanged in a monthly report. A strong dollar hung over the commodities sector, pressuring grains as well as crude oil and copper. But wheat closed higher, […] Read more
U.S. grains: Wheat up 1.6 per cent in bounce from contract lows
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures rose 1.6 per cent on Monday, bouncing off the previous session’s contract lows on bargain-hunting and short-covering ahead of a monthly U.S. government crop report. Soybeans and corn also climbed in largely technical buying ahead of the U.S. Department of Agriculture’s supply/demand report due on Tuesday. At the […] Read more
U.S. grains: Wheat up on prospects for Egyptian sales, softer dollar
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures climbed nearly three per cent on Thursday, buoyed by a softer dollar and hopes for U.S. sales of the grain to top buyer Egypt, traders said. Soybeans rose, led by strength in soyoil and Malaysian palm oil, while corn ended firm after a choppy session. […] Read more
U.S. grains: Wheat, corn, soy fall on month-end fund selling
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, corn and soybean futures fell to multi-month lows Friday on commodity fund liquidation at the month’s end amid ample world stocks and fears of slowing growth, traders said. “We are building in record crops in South America, and we are washing out some spec length. Nobody can look at […] Read more
U.S. grains: Wheat rallies, rebounds from three-month low
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures rose on Thursday, halting a six-session slide and rebounding from a three-month low after the U.S. Department of Agriculture reported larger-than-expected weekly export sales. Corn and soybeans both closed lower. At the CBOT, March wheat settled up 2-1/2 cents at $5.07-3/4 per bushel, paring gains […] Read more
U.S. grains: Wheat falls on fund selling
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures fell 2.7 per cent on Wednesday to a three-month low on technical selling, plentiful global supplies and forecasts for rains in the U.S. Plains, analysts said. Soybean futures slid as soyoil prices hit their lowest in nearly six years, and corn also declined. At the […] Read more
U.S. grains: Soy falls as China cancels purchase, meal retreats
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade soybean futures fell one per cent on Tuesday on technical selling and on signs of slowing export demand for U.S. supplies, traders said. Corn and wheat also declined. At the CBOT, March soybeans ended down 9-3/4 cents at $9.73-3/4 per bushel (all figures US$). March corn fell […] Read more
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