Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures rallied 2.6 per cent on Friday to their highest in nearly a year, with concerns about shortfalls in the U.S. crop sparking a round of short-covering by investment funds, traders said. Corn futures also were higher, but forecasts for rain in key growing areas of […] Read more
U.S. grains: Wheat rallies to highest since June 2016
U.S. grains: Wheat futures lead grain rally
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Thursday, led by a 2.9 per cent rally in the benchmark Chicago Board of Trade July contract, on concerns about dry weather leading to crop shortfalls globally. Corn also rise, following the gains in wheat, while soybeans generated strength from a bullish report on U.S. crushing, […] Read more
U.S. grains: MGEX wheat rallies as conditions worsen in Plains
Reading Time: 2 minutes Chicago | Reuters — U.S. spring wheat futures jumped 4.6 per cent to their highest in 2-1/2 years on Tuesday, pulling soft red winter wheat and hard red winter contracts higher on growing worries about crop health in the dry U.S. Plains, traders said. The rally stemmed from a U.S. Agriculture Department report released on […] Read more
U.S. grains: Improving weather views pressure corn, soy, wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures dropped 2.8 per cent on Monday on forecasts for rain that is expected to bolster the health of a crop stressed by adverse weather throughout planting and early development, traders said. The improving weather view also weighed on wheat and soybean futures as traders used it as an […] Read more
U.S. grains: Winter wheat hits two-week lows, spring wheat rallies
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures and K.C. hard red winter futures dropped to two-week lows on Thursday as forecasts for dry conditions in key growing areas raised the prospect of a quick start to harvest for both crops. “We have got a little bit drier forecast,” said […] Read more
U.S. grains: Soybeans fall on oil drop
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a 1-1/2-month low on Thursday, pressured by a sharp drop in crude oil prices, traders said. Corn futures also weakened, with investors beating down early rally attempts due to ample global supplies and signs of poor export demand. Wheat futures were mixed, with K.C. hard red […] Read more
U.S. farm groups oppose Trump’s cuts to ag spending
Reading Time: 2 minutes Chicago | Reuters — U.S. farm groups on Tuesday pushed back against President Donald Trump’s proposal to slash agriculture spending, viewing it as a fresh threat to a struggling farm economy. The White House on Monday proposed $46.54 billion in cuts to federal government funding for the agriculture sector over the next 10 years, including […] Read more
U.S. grains: Corn, soybeans rise after rains
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Monday morning, supported by concerns that rain will delay field work in key growing areas and may damage some recently seeded crops, traders said. “Grain futures are trying to start the week higher across the board following a soggy weekend across […] Read more
U.S. grains: CBOT soy rallies on export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose 1.1 per cent on Tuesday, supported by strong export demand for U.S. supplies despite a massive crop from South American producers Brazil and Argentina. Technical buying also helped fuel a rally in the soybean market, which closed near session highs. Chicago Board of Trade soft red winter […] Read more
U.S. grains: Wheat, corn bounce on short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Friday, supported by lingering concerns about crop damage in the U.S. Plains following a snow storm at the weekend. Short-covering also contributed to the wheat gains as traders covered bearish bets following a sell-off on Thursday. Corn futures also rose, with traders noting short-covering as a […] Read more