Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures weakened on Friday on forecasts for dry weather in the Midwest that will allow farmers to pick up the pace of what is expected to be a record harvest of both crops, traders said. Wheat futures also eased as investors squared positions ahead of a key […] Read more
U.S. grains: Corn, soybeans drop on weather view
U.S. grains: Corn futures fall, soybeans firm as harvest expands
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures fell 1.9 per cent on Thursday, pressured by the expanding harvest in the U.S. Midwest as well as a forecast for a bumper crop in Brazil, traders said. Soybean futures edged higher, overcoming bearish supply trends on strong export demand and some technical buying. U.S. […] Read more
USDA reports U.S. wheat stocks biggest since 1987
Reading Time: 2 minutes Washington | Reuters –– U.S. wheat supplies ballooned to the biggest in nearly 30 years during the summer months, topping expectations, as a 12 per cent jump in production and weak demand on the export market filled storage bins, the government said Friday. The U.S. Agriculture Department also reported corn and soybean stocks as of […] Read more
U.S. grains: Soybean futures strong, wheat weak
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Thursday on a mild round of bargain buying and short-covering ahead of a key government report on Friday, traders said. Signs of strong export demand for the oilseed also lent support to soybean futures but gains were kept in check by reports of good yields from […] Read more
U.S. grains: Corn, soybeans fall on harvest pressure
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures weakened Wednesday on expectations that drier weather in the coming days will allow farmers in the Midwest to ramp up the harvest of what is expected to be record-large crops, traders said. MGEX spring wheat and K.C. hard red winter wheat contracts firmed on tight stocks […] Read more
U.S. grains: Soy futures follow cash market lower
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell 1.9 per cent to a one-week low Friday morning on reports of big harvest yields and heavy farmer sales on the cash market, traders said. Wheat futures weakened as traders said ample global supplies were likely to blunt the impact of India’s decision to slash its import […] Read more
U.S. grains: Fund sales pressure corn prices
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures sagged 1.1 per cent on Thursday on a round of fund selling as the pace of harvest quickened around the U.S. Midwest and cash markets weakened, traders said. Wheat futures also fell, following corn lower, while soybeans edged higher on strong crude oil markets and […] Read more
U.S. grains: Harvest pressure, profit-taking pull down corn, soy
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures fell on Thursday, pressured by profit-taking after a streak of gains and by weakness on the cash market, traders said. Wheat futures rose slightly, with short-covering supporting prices. Wheat also received support from the Egyptian government’s decision to reverse its zero-tolerance policy on the common grain […] Read more
U.S. grains: Harvest delays spark soybean rally
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures rose 1.7 per cent on Tuesday, hitting a nearly one-month high on strong export demand and as rains delayed harvest in key production areas of the U.S. Midwest, traders said. The delays also supported corn futures, while wheat rose on technical buying and short-covering. Both […] Read more
U.S. grains: Wheat, corn futures edge higher
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures firmed slightly on Wednesday, supported by a round of bargain buying, traders said. Wheat received additional support from a weakening dollar and hopes that export demand for U.S. supplies will perk up in the coming weeks amid a production shortfall in Europe. Export demand also provided […] Read more