Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures rose 1.2 percent on Monday and hit their highest level since mid-February on concerns about dry conditions hampering crop development in the U.S. Plains, traders said. Falling production in Australia and strong export data also lent strength to the wheat market, which closed in positive […] Read more
U.S. grains: Wheat rises on weather concerns
U.S. grains: Corn, soy, wheat recover from early dips
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn, soybean and wheat futures all closed modestly higher on Friday, recovering from early weakness on a mild round of technical buying. All three commodities posted weekly gains but an ample supply base and rising export competition kept a bearish tone over the marketplace and checked Friday’s strength. Additionally, investors […] Read more
U.S. grains: Wheat, corn, soy fall after firming overnight
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell two per cent to their lowest in nearly three weeks on Monday, weakening on technical sales after firming briefly during the overnight trading session. Corn and soybean futures also dropped to multi-week lows, with traders noting some end-month liquidation by investment funds. Both wheat and corn futures […] Read more
U.S. grains: Corn, wheat retreat on profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures declined on Thursday, retreating from early strength on profit-taking after each market set multi-month highs, analysts said. Soybeans also closed lower, reversing from early advances, after the spot March contract fell short of last week’s high. CBOT March corn settled down 5-1/4 cents at $3.73-1/2 per […] Read more
U.S. grains: Soy futures rally, corn hits 7-1/2 month peak
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean, corn and wheat futures firmed on Wednesday, recovering from weakness in the overnight trading session on a round of technical buying, traders said. Corn futures staked out a fresh top, peaking at its highest since June 30 while wheat was trending near the 7-1/2 month high […] Read more
U.S. grains: Soy drops on South American harvest outlook
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a six-day low on Tuesday, pressured by the rapidly advancing harvest of a record crop in Brazil and much-needed rains in Argentina. Corn and wheat futures also weakened, setting back from 7-1/2-month highs in the absence of bullish news. Declines in corn and wheat were limited […] Read more
U.S. grains: Wheat, corn futures hit 7-1/2-month highs
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rallied for the fifth day in a row on Monday, hitting a 7-1/2-month high as investment funds continue to add the grain to their portfolio despite ample global supplies. Corn futures also firmed on a technical bounce and signs of strong demand for U.S. supplies. But soybeans eased, […] Read more
U.S. grains: Soy firms with export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Tuesday on continued strong export demand as overseas buyers waited for the bulk of the expected bumper South America harvest to come online, traders said. “Beans continue to be the darling of the grains thanks to a long seasonal export tail, with the big anticipated shift […] Read more
U.S. grains: Soy rises as China trading resumes
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Monday on spillover strength from a rally in China as well as signs of good export demand, traders said. Corn retreated on technical selling, traders said, while profit-taking weighed on wheat following a 2.4 per cent rally last week. Traders in China returned from the Lunar […] Read more
U.S. grains: Soy falls as Brazil crop forecasts grow
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures fell one per cent on Friday, pressured by expectations for a huge crop in Brazil, the world’s top exporter of the oilseed, traders said. Soybeans weakened early in Friday’s session on a round of technical selling after failing to push through their weekly high during the overnight trading […] Read more