Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures fell on Thursday, with traders locking in profits from three straight days of gains after forecasts boosted the prospects for rain in Argentina. Wheat futures also dropped on profit-taking, but ongoing concerns about crop damage in key growing areas of the United States kept losses in check. Corn […] Read more
U.S. grains: Soybeans, wheat fall as weather rally fizzles
U.S. grains: Wheat futures extend rally as cold threatens crops
Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures rose on Wednesday, led by gains in the K.C. hard red winter wheat contracts, on concerns about crop damage in key American growing regions resulting from cold weather and sparse snow cover, traders said. The most-active K.C. hard red winter wheat contract, which hit a six-week high, notched […] Read more
U.S. grains: Wheat rallies as temperatures fall; corn, soy firm
Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures rallied 1.7 percent to their highest in nearly four weeks on Tuesday on concerns about sub-zero temperatures damaging the dormant crop in crucial growing areas of the United States, traders said. The gains in wheat spurred increases in corn futures. Soybeans also closed higher after trading both sides […] Read more
U.S. grains: Corn, soybean futures ease
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures dipped on Friday, hitting fresh contract lows after giving up early gains on technical selling, traders said. Soybean futures also weakened slightly, pressured by forecasts for improving crop weather in South America. The outlook for rain added to the pressure on corn. “Corn tried the upside early on […] Read more
U.S. grains: Soybeans drop, wheat firms, corn slips
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures sagged to their lowest in more than two months on Thursday, weighed down by forecasts for much-needed rains in Argentina, traders said. Wheat futures closed firm, supported by strong export data, while corn slipped. The most-active soybean contract on the Chicago Board of Trade dropped 1.2 per cent. […] Read more
U.S. grains: Wheat, corn, soy rebound on short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures rose on Wednesday, bouncing from contract lows hit the previous session as traders covered short positions, traders said. Soybean futures also firmed after sagging on Tuesday following the release of a U.S. government report that highlighted the bearish global supply situation. Chicago Board of Trade soft […] Read more
U.S. soybean, wheat ending stocks seen up as exports fall
Reading Time: 2 minutes Washington | Reuters — Stockpiles of U.S. soybeans and wheat are expected to rise due to lower export demand amid heightened competition from rival global suppliers, government data on Tuesday showed. In a monthly supply and demand report, the U.S. Agriculture Department (USDA) raised its ending stocks forecast for domestic wheat and soybeans, and trimmed […] Read more
U.S. grains: Wheat hits contract lows
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures eased to contract lows on Friday, capping a week of five straight days of declines that saw the market shed 4.6 per cent of its value. Soybean futures also were weaker while corn edged higher on a mild short-covering bounce. A forecast for bigger-than-expected wheat production in Canada […] Read more
U.S. grains: StatsCan data help drag wheat to contract lows
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures slid to contract lows on Thursday, their fourth straight day of declines, on continued pressure from a Canadian report that showed harvest in that country was bigger than expected. The decline in wheat weighed on corn prices. Soybeans also fell, pressured by a round of […] Read more
U.S. grains: Wheat hits contract lows
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures sank 1.4 per cent to fresh contract lows on Monday, pressured by poor demand for U.S. supplies from overseas buyers, traders said. The drop in wheat weighed on corn futures while soybean futures edged higher, underpinned by concerns about crop development in South America. The […] Read more