Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Thursday, turning higher after testing key technical support levels, traders said. Corn and wheat futures weakened on a mild round of profit-taking. Wheat, which also was pressured by a firm U.S. dollar, had risen for the previous five days while corn was coming off a four […] Read more
U.S. grains: Soy firms on technicals
U.S. grains: Soybeans fall on Argentine rain view
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a three-week low on Wednesday as forecasts for rain in dry areas of Argentina’s crop belt took out some of the weather premium built into the market, traders said. “Beans are seeing a little bit of pressure… amid a favourable weather forecast for Argentina,” CHS Hedging […] Read more
U.S. grains: Corn hits five-month high
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures rose to a five-month high on Tuesday, with strong exports and technical buying supporting prices, traders said. Wheat futures also closed firm, their fourth straight day of gains, while soybeans eased on technical selling, traders said. CBOT wheat benefited from short-covering as investors unwound bearish […] Read more
U.S. grains: Soy falls on Argentine rain view
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures weakened on Monday on forecasts for some much-needed rain in dry parts of Argentina’s growing areas, traders said. Wheat and corn futures closed higher, with wheat receiving support from improving export hopes for U.S. supplies, traders said. Both grains traded in negative territory before buyers stepped in to […] Read more
U.S. grains: Exports support gains in corn, soybeans
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Tuesday with another round of export deals with China and concerns about dry weather in Argentina pushing prices higher, traders said. Short covering lent support to corn, which also benefited from overseas interest in U.S. supplies, but wheat closed lower, pressured by a strong U.S. dollar […] Read more
U.S. grains: Corn, soybeans rally, pull wheat higher
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose 1.5 per cent on Monday, snapping a four-session fall, as healthy overseas demand and rallies in Asian oilseed markets countered pressure from large global supplies, traders said. The gains in soybeans spilled over into corn and wheat markets, which also benefited from short covering by investment funds. […] Read more
U.S. grains: Soy falls on position squaring
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Wednesday in the second straight day of declines as investors evened out positions and locked in profits from monthly gains, traders said. Wheat futures also fell, pressured by a firm dollar that further dimmed prospects for U.S. supplies on the export market. Corn was steady to […] Read more
U.S. grains: Soy snaps winning streak
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell 1.2 per cent on Tuesday, pulling back from a 4-1/2 month high on a round of profit-taking, as well as pressure from falling crude oil prices. Corn and wheat futures also fell, their fourth straight losing session due to pressure from ample global supplies. Multiple Chicago Board […] Read more
U.S. grains: Soy rally extends to seventh day
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for the seventh day in a row on Monday, led higher by strong export demand gains in the soymeal market, traders said. Chicago Board of Trade wheat and corn futures fell for the third day in a row, pressured by poor export prospects and ample supplies of […] Read more
USDA boosts crop yield forecast
Reading Time: 2 minutes Washington/Reuters – The U.S. Agriculture Department raised its already record-high forecast for U.S. corn and soybean harvests Nov.9, with gains keyed by increased yield estimates in major production states such as Iowa, Minnesota and Ohio. The bumper harvest will leave a larger-than-expected stockpile of both commodities even with increased usage forecasts, the government said in […] Read more