Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures slipped about four per cent on Monday as forecasts for favourable weather in the Midwestern crop belt prompted investors to liquidate long positions, traders said. Corn and wheat followed soybeans lower, and declines in the energy sector pressured the broader commodity sector. The 19-market Thomson Reuters CoreCommodity CRB […] Read more
U.S. grains: Soy tumbles on favourable weather
Tour shows wheat yields in central, Northwestern North Dakota near to or above average
Reading Time: 2 minutes Reuters – Spring wheat prospects in central and northwest North Dakota are near to or above average, aided by favourable weather, scouts on one leg of an annual crop tour said on Wednesday. Crop scouts on the Wheat Quality Council’s tour travelling one route in west-central North Dakota made three stops and projected an average […] Read more
U.S. grains: Corn, soy prices tumble on strong U.S. crop ratings
Reading Time: 2 minutes Chicago / Reuters – U.S. corn and soybean futures fell more than 3 per cent on Tuesday, pressured by historically high crop ratings and forecasts for moderating temperatures next week, analysts said. Wheat also declined, following the weak trend. At the Chicago Board of Trade as of 12:27 p.m. CDT (1727 GMT), December corn was down […] Read more
U.S. grains: Corn, soybeans end higher as U.S. hot spell looms
Reading Time: 2 minutes Chicago / Reuters – U.S. corn futures firmed on Monday as forecasts for scorching heat this week in the Midwest, where the crop is pollinating, fuelled concerns about yield prospects, traders said. Soybeans turned higher as updated midday forecasts called for more hot and drier conditions next week, a change from previous outlooks that had predicted […] Read more
Bumper winter wheat harvest ill-timed for U.S. farmers
Reading Time: 3 minutes Chicago | Reuters — Record-high yields are helping U.S. farmers to harvest a bumper crop of hard red winter (HRW) wheat, the most common variety here, but prices have tumbled as the world is awash in supplies. The quality of the crop is also causing headaches for flour millers, who may have to buy more […] Read more
U.S. grains: Corn, soy sag on long liquidation
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures declined on Friday in a sometimes-volatile session as shifting weather forecasts for the Corn Belt prompted traders to liquidate long positions, analysts said. Wheat futures also fell, following corn and soybeans. At the Chicago Board of Trade, most-active December corn settled down 6-1/2 cents at $3.58-1/4 […] Read more
U.S. grains: Corn, wheat, soy sag ahead of USDA reports
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell on Monday, as investors braced themselves on the eve of a monthly U.S. Department of Agriculture report that analysts expected to project rising domestic corn stockpiles. Wheat and soybeans followed corn lower, although forecasts for hot weather in the U.S. Midwest crop belt later this month underpinned […] Read more
U.S. grains: Soy climbs on uncertain weather, strong exports
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Monday, retracing a portion of last week’s heavy declines, as attention turned to weather risks and strong export demand ahead of closely watched U.S. government crop reports, analysts said. Wheat futures sank on harvest reports of large U.S. yields at a time of ample world stocks, […] Read more
U.S. grains: Corn to one-month low as rains spur long liquidation
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell on Wednesday, after plunging nearly 6 percent the previous day, as improving weather in the Midwest continued to stimulate long liquidation by commodity funds, traders said. Soybeans bounced on talk of fresh export demand for U.S. supplies while wheat closed nearly unchanged, struggling to rebound a day […] Read more
U.S. grains: Corn falls most in three years on crop prospects
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures tumbled nearly six per cent on Tuesday, the biggest one-day slide in three years, as forecasts for less-threatening weather in the Midwest prompted funds to liquidate long positions, traders said. Soybeans and wheat followed corn’s lead. K.C. hard red winter wheat futures hit contract lows. At the Chicago […] Read more
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