Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures fell to their lowest in nearly two weeks on Thursday on worries about declining demand from top importer China, traders said. Wheat futures firmed to their highest since April 10, their third straight day of gains, while corn eased for the fourth time in five […] Read more
U.S. grains: Export concerns pressure soy
U.S. grains: Wheat rallies to one-week top, pulls corn higher
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Wednesday, with the benchmark Chicago Board of Trade soft red winter wheat contract gaining 1.9 per cent and hitting a one-week high on concerns that rains forecast for the U.S. Plains will not meet earlier expectations. “The forecast for the rain in the southern Plains has […] Read more
U.S. grains: Corn futures drop despite slow planting pace
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures fell to their lowest in nearly two weeks on Tuesday, their third straight day of declines, as traders shrugged off concerns about cold weather causing planting delays in the U.S. Midwest. “You plant more in the month of May than in the month of April, […] Read more
U.S. grains: Wheat futures drop as weather improves
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to their lowest in 10 days on Monday, led by a 3.4 per cent drop in K.C. hard red winter wheat prices, on forecasts for rain in key growing areas that will provide relief to a drought-stressed crop, traders said. “Wheat prices are lower, with longs running […] Read more
U.S. grains: Soybeans close firm despite trade threats
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Friday, with traders shrugging off rhetoric about escalations in a trade war between China and the U.S. to focus on fresh export deals. China warned on Friday it was fully prepared to respond with a “fierce counter strike” of fresh trade measures if the U.S. follows […] Read more
USDA sees soy, corn acreage falling as supplies hit record
Reading Time: 2 minutes Washington | Reuters — U.S. farmers will cut their plantings of both soybeans and corn this spring with supplies of both commodities at record highs, the U.S. Agriculture Department said on Thursday. Soybean plantings, despite the expected drop, will top corn acreage for the first time since 1983, USDA said. Wheat seedings will rise by […] Read more
U.S. grains: Wheat drops on profit-taking
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures sank 3.2 per cent on Friday, following a six-day rally that had pushed prices to their highest in 7-1/2 months, traders said. “This has just been a fantastic week of gains,” said Bill Gentry, a broker at Risk Management Commodities. “The funds are taking a […] Read more
U.S. grains: Wheat, soybean futures rally
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose for the sixth day in a row on Thursday, with new forecasts calling for extended dryness in the U.S. Plains pushing prices to fresh 7-1/2-month highs, traders said. Soybean futures rallied to a 13-month high on signs of strong export data. Parched soils in Argentina that threatened […] Read more
U.S. livestock: Spot cattle rise, deferreds weak
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were mixed on Thursday, with the front-month contract edging higher after hitting a 2-1/2-week low on Wednesday. Deferred cattle contracts were weaker, remaining under pressure from weak cash markets. Strong export data provided support to the nearby contracts. The U.S. Agriculture Department reported weekly beef […] Read more
U.S. grains: CBOT wheat notches fifth day of gains
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures jumped 3.3 per cent on Wednesday to their highest level in more than seven months, breaking through key technical barriers on support from concerns about crop development in the U.S. Plains, traders said. The gains in the wheat market spilled over into […] Read more