Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell 3.8 per cent on Thursday, giving up early gains after new weather forecasts boosted expectations of a robust harvest in the U.S. Corn and wheat futures also closed lower after rallying to two-week highs earlier in the session. The latest outlooks dialed back the amount of time […] Read more
U.S. grains: New forecast ends rallies
U.S. grains: Corn, soybeans extend rally as fundamentals improve
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures rallied on Wednesday, both posting their second straight day of sharp gains on concerns about hot and dry weather cutting into U.S. soybean crops and expectations of strong exports of U.S. corn. “Soybeans are the main drivers of the grain market as traders continue to put […] Read more
U.S. grains: Bargain hunting, weather concerns support soy, corn gains
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures rallied on Friday on a bargain-buying bounce after declining sharply earlier in the week. Concerns about hot and dry weather stressing both crops as they head toward key developmental phases added to the strength. “Traders continue to have concerns about forecasts calling for hot and dry […] Read more
U.S. grains: Soybeans fall, pull corn from highs
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures plunged 4.7 per cent to their lowest in nearly two months on Thursday, weighed down by forecasts for good weather for crop development across the U.S. Midwest. The sharp drop in soybeans weighed on corn, which settled close to unchanged as traders locked in profits from a surprise […] Read more
U.S. grains: Good weather sparks selling in CBOT corn, soybeans
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures tumbled 2.4 per cent to a 21-month low on Wednesday, falling for a fifth session in a row as good weather for crop development raised expectations of a bountiful harvest in the fall. Soybeans also fell on pressure from an outlook for good weather across broad swaths of […] Read more
U.S. grains: Wheat, soybeans, corn fall on rising supply view
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures sank to multi-year lows on Friday, pressured by an ample global stockpile that was expected to grow even larger due to a bountiful harvest, traders said. Corn and soybean futures also weakened, with soybeans settling back from a rally on Thursday that pushed prices to a two-week high. […] Read more
U.S. farmers surprisingly boost corn plantings, soy acres at record
Reading Time: 2 minutes Washington | Reuters — U.S. farmers seeded more corn and soybeans than they had initially planned to during the spring, taking advantage of a rallying futures market and good weather to plant as much acreage as possible, government data showed on Thursday. The robust plantings will likely add to an ample supply base of both […] Read more
U.S. grains: Wheat, corn fall sharply
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Wednesday, extending their decline under pressure from the ongoing harvest of a bountiful crop in the Plains and the Midwest which threatens to add to a glut of supplies that is largely being shunned by overseas buyers. Corn futures also dropped, pressured by forecasts for rain […] Read more
U.S. grains: Soybean futures rise, corn flat, wheat weak
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade soybean futures rose 1.3 per cent on Tuesday to a one-week high, on concerns about crop development in the U.S. Midwest and signs of good export demand, traders said. Corn futures were mostly steady, with traders locking in profits after weather concerns pushed prices to a one-week […] Read more
U.S. grains: Soy, corn drop on Brexit fallout
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybeans fell on Friday, caught up in a broad commodity sell-off as investors shed risky assets following Britain’s vote to leave the European Union. Wheat was mixed, with the front-month Chicago Board of Trade soft red winter wheat contract eking out a small gain on short-covering while deferred […] Read more