Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade soybean prices fell on Wednesday, retreating from multi-month highs on profit-taking, farmer selling and rumours of South American soymeal cargoes being shipped to the U.S., traders said. Wheat prices rose on concerns that a cold spell in the U.S. Plains and Midwest could halt early crop growth, […] Read more
U.S. grains: Soybeans retreat from multi-month highs
U.S. grains: Soybeans surge on soymeal demand
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures surged nearly four per cent on Tuesday on strength in the cash market as slow country movement and heavy export commitments left soy processors scrambling for supplies, despite a record U.S. harvest. Corn and wheat also rose but trailed the gains in the soy complex. At the Chicago […] Read more
U.S. grains: Corn, wheat firm after USDA report
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures fell one per cent on Monday after the U.S. Department of Agriculture raised its estimate of the record harvest in a monthly report and left its view of ending stocks unchanged, traders said. Corn closed higher after USDA surprised traders by lowering its estimate of […] Read more
U.S. grains: Soy, corn drop as harvest weather improves
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures each fell more than one per cent on Friday as clearing skies in the Midwest signaled a quicker pace in the harvest of record-large crops and increased farmer selling, traders said. Wheat closed modestly lower, retreating from a one-month high on profit-taking and spillover weakness from […] Read more
U.S. grains: Corn declines on profit-taking after six-week high
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures fell on Wednesday as traders booked profits following a two-day surge, driven by U.S. harvest delays, that lifted the market to a six-week high, brokers said. Soybeans declined along with corn on profit-taking and improving weather for fieldwork. Wheat followed the lower trend, reversing early […] Read more
U.S. grains: Soybeans rise, corn hits one-month high on harvest delays
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures set a one-month high Tuesday and soybeans hit a three-week top on commercial demand amid harvest delays and slow farmer selling, coupled with chart-based buying, traders said. Corn peaked near the closing bell and posted the day’s biggest gains on a percentage basis, but soybeans had the highest […] Read more
U.S. grains: Wheat rebounds from four-year low on exports
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures set a two-week high on Thursday, rebounding from last week’s four-year lows on larger-than-expected weekly export sales data, traders said. Soybeans and corn firmed after setting multi-year lows this week. But gains were limited by the ongoing harvest of massive U.S. crops. At the Chicago Board of Trade, […] Read more
U.S. spring wheat protein premiums soar after wet, cool summer
Reading Time: 3 minutes Chicago | Reuters — Cash prices for top quality U.S. hard red spring wheat are soaring as the rain-delayed harvest throws up lower-than-average protein levels, and traders and analysts said outsized premiums are likely to continue for months. Farmers are expecting the largest harvest in four years as wet, cool weather swells yields. But that […] Read more
U.S. grains: Wheat to four-year lows on rising world supplies
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures fell to a four-year low on Friday and posted their biggest weekly loss since July on weak export prospects and rising global supplies, traders said. Corn futures followed wheat lower but held above the previous day’s multiyear lows, and soybeans firmed, underpinned by short covering ahead of forecasts […] Read more
U.S. grains: New-crop soybeans fall below $10 as big harvest looms
Reading Time: 2 minutes Chicago | Reuters –– U.S. benchmark new-crop soybean futures dropped below US$10 a bushel on Tuesday, pressured by strong yield reports from the start of the harvest and diminished fears about frost in the Midwest, traders said. New-crop futures in soybeans, corn and wheat all fell to contract lows, fueling chart-based selling. At the Chicago […] Read more
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