Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures on Thursday sagged 1.7 per cent on technical selling and expectations of a U.S. bumper harvest that would enlarge the already massive global supply of the grain, traders said. Wheat and soybean futures also posted lower closes. Wheat faced pressure from weak worldwide demand for U.S. supplies and […] Read more
U.S. grains: Corn, soybean, wheat futures weaken
U.S. grains: Corn, soy, wheat rise but post weekly declines
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures firmed on Friday, but outlooks for good weather for crop development limited attempts at a rally, traders said. All three commodities posted weekly losses. “Ongoing pressure from large supplies and lack of a weather threat kept markets on the defensive this week,” Farm Futures analyst […] Read more
U.S. grains: Wheat, corn futures ease, soy firms
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures sank to contract lows on Wednesday as ample global supplies provided overseas buyers with cheaper alternatives to U.S. offerings in export deals, traders said. Corn futures also were lower, pressured by the drop in wheat as well as good weather for crop development across the […] Read more
U.S. grains: Wheat falls; corn, soy firm
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Friday, led lower by a sharp decline in MGEX spring wheat as investors liquidated bullish positions following the U.S. Department of Agriculture’s forecast for a bigger-than-expected crop in the northern Plains, traders said. The selloff pushed the benchmark Chicago Board of Trade soft red winter wheat […] Read more
USDA sees bumper U.S. corn, soy harvests despite weather woes
Reading Time: 2 minutes Washington/Reuters – The U.S. 2017 corn and soybean harvests will be bigger than expected despite a slow start to planting and concerns that hot and dry conditions stressed the corn crop during critical periods of development, the government said on Thursday. The U.S. Department of Agriculture’s forecasts for both corn and soybean yield and production […] Read more
U.S. grains: Soybean, wheat futures fall but corn firms
Reading Time: 2 minutes Chicago/Reuters – Chicago Board of Trade soybean futures fell on Friday, pressured by outlooks for rain and cool weather in key U.S. growing areas that will foster development of the crop during critical periods, traders said. Wheat also eased, with heavy competition for export business weighing on the markets. Corn firmed on bargain buying. All […] Read more
Hot, dry American summer unlikely to dent USDA’s corn harvest view
Reading Time: 2 minutes Chicago/Reuters – The full impact of a hot and dry summer in the U.S. Midwest is unlikely to show up in the government’s next estimate of the U.S. corn crop as it typically makes just small adjustments to its harvest outlook during August. The U.S. Agriculture Department will update its yield projection in its monthly […] Read more
U.S. grains: Corn, soybeans, wheat fall, ending win streak
Reading Time: 2 minutes Chicago / Reuters – U.S. corn and soybean futures weakened on Monday on forecasts for beneficial weather for crop development, traders said. Wheat futures also were weak, dropping to their lowest in more than a month, as sizeable world supplies countered support from drought-hit U.S. spring wheat yields. The lower closes snapped a string of […] Read more
U.S. grains: Drought damage supports U.S. wheat; corn, soybeans firm
Reading Time: 2 minutes Chicago / Reuters – U.S. wheat futures rose on Friday, buoyed by signs of poor yields in drought-hit U.S. spring wheat belts, but the benchmark Chicago Board of Trade soft red winter wheat contract was still headed for a third straight weekly loss as U.S. crop troubles were set against ample global supplies. Corn and […] Read more
U.S. grains: Wheat rises on spring crop woes; corn, soy firm
Reading Time: 2 minutes Chicago / Reuters – U.S. wheat futures rose on Thursday, led by gains in MGEX spring wheat contracts, supported by results from a tour that illustrated the damage done to the crop in a key growing area, traders said. Corn and soybeans were also higher as uncertainty over the impact of dryness in parts of […] Read more