Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell 3.7 per cent on Thursday, pressured by results from a crop tour that showed yield prospects in Kansas remained above-average despite a severe snow storm, traders said. A round of profit-taking also pressured wheat prices, which rallied this week to their highest in nearly two months on […] Read more
U.S. grains: Wheat plunges, erasing most of Monday’s rally
U.S. grains: Wheat futures flat as damage assessed
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures steadied on Wednesday, with the markets waiting for a good assessment of the crop damage caused by a snowstorm in Kansas over the weekend, traders said. Corn and soybeans rose but remained below levels hit earlier this week, supported by concerns that heavy rains in the Midwest and […] Read more
U.S. grains: CBOT wheat futures weaken
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures eased on Tuesday, partially retreating from a sharp rally on some profit-taking, traders said. But K.C. hard red winter wheat futures firmed, extending their rally amid concerns that a snowstorm in the U.S. Plains during the weekend caused severe damage to the maturing crop there. […] Read more
U.S. grains: Corn, soy, wheat rally after weekend weather woes
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures surged 5.2 per cent to their highest in nearly two months on Monday after a weekend snow storm in key production areas raised concerns about severe crop damage, traders said. Corn and soybean futures also rallied, with wet fields across the U.S. Midwest threatening to add further delays […] Read more
U.S. grains: Corn, soy fall on dry weather forecast
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell on Friday on the prospect of dry weather for key Midwest production areas in early May, which would give farmers access to fields during a crucial planting window, traders said. Wheat futures firmed, hitting their highest level in more than a week on concerns about […] Read more
U.S. grains: Corn, wheat fall but close above session lows
Reading Time: 2 minutes Chicago/Reuters – U.S. wheat futures fell on Friday, with key contracts hitting all-time lows as the outlook for Canadian plantings topped expectations and threatened to add to the already abundant global stockpile, traders said. Corn futures also eased, dipping to their lowest since late December, on expectations of improving weather for planting in the U.S. […] Read more
U.S. grains: Wheat falls sharply, taking corn, soybeans lower
Reading Time: 2 minutes Chicago/Reuters – Chicago Board of Trade wheat futures dropped 3.1 percent to their lowest in nearly four months on Thursday, with investors beating back an overnight rally attempt amid plentiful global supplies. Wheat closed near session lows as the dollar rebounded into positive territory late in the trading day. A firm dollar makes U.S. wheat […] Read more
U.S. grains: Soy futures edge higher
Reading Time: 2 minutes Chicago/Reuters – U.S. soybean futures firmed on Wednesday, posting a mild recovery from two days of losses after holding technical support above the one-year lows hit last week. Corn futures ended flat, while wheat weakened as plentiful world stocks suppressed an early rally attempt. Traders said the market was assessing the chances for drier spells […] Read more
U.S. grains: Soybeans, corn drop as wheat edges higher
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Tuesday for the second day in a row, hitting a one-week low as traders locked in profits from last week’s rally. Corn futures sank 1.4 per cent, as the latest weather outlook called for dry conditions in the Midwest that will allow farmers to pick up […] Read more
U.S. grains: Wheat leads grains lower on U.S. rains
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Monday as rains and mild temperatures in key growing areas of the U.S. Midwest and Plains bolstered expectations for harvest, traders said. The most-actively traded Chicago Board of Trade soft red winter wheat contract sank two per cent and hit a 10-day low. K.C. hard red […] Read more