Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures sank 1.4 per cent to a six-week low on Thursday, under pressure from improving weather forecasts across the U.S. Midwest as the crop nears key developmental phases, analysts said. The weather outlook also weighed on soybeans, which eased to a three-week low. Wheat also weakened, dragged down by […] Read more
U.S. grains: Corn weakens as weather improves
U.S. grains: Weather concerns spark soybean rally
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures jumped 3.4 per cent to their highest in nearly two years on Wednesday as forecasts for hot temperatures to hit key growing U.S. regions stoked fears of damage to nascent crops, traders said. “The weather is mostly dry this week, but now meteorologists are wrestling […] Read more
U.S. grains: Soybeans rise on weather view
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade (CBOT) soybean futures rose on Tuesday, supported by concerns about a La Nina weather pattern hindering crop development in the U.S. Midwest this summer with hot temperatures and dry conditions, traders said. Wheat futures also advanced, rising for the fifth straight day amid a round of short-covering […] Read more
U.S. grains: Corn, soy, wheat rise on weather threats
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn, soybeans and wheat rallied on Monday, supported by concerns that rains in South America and Europe and dryness in the U.S. could limit crop production, traders said. “Crops are too wet over there while the next soaking rain looks at least 10 days off over here,” Matt Zeller, director […] Read more
U.S. grains: Profit-taking pulls soy from two-year highs
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures backed off two-year highs on Friday, with investment funds locking in profits from the oilseed’s sharp rally this week. Wheat firmed as heavy rains dented crop prospects in western Europe and caused some investors to cover bearish bets they had made on the market. “Wheat caught another wave […] Read more
U.S. grains: Soy rallies on export hopes
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures soared to their highest in nearly two years on Thursday on hopes that export demand will rise amid concerns about the quality of the crop being harvested in Argentina. Corn firmed to its highest since July 2015, supported by forecasts for a reduced harvest in Brazil, but closed […] Read more
U.S. grains: Corn, soybeans surge on export prospects
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rallied on Wednesday, peaking late in the session as export hopes for U.S. supplies brightened amid heightened concerns about South American crops, traders said. The most actively traded Chicago Board of Trade soybean futures contract hit its highest since July 2014 while CBOT corn futures topped […] Read more
U.S. grains: Wheat drops on weather forecast
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures sank 3.2 per cent on Tuesday, on track for their biggest daily decline in four weeks as forecasts called for improving harvest conditions for the winter crop good weather for spring wheat development. “Drier weather begins to develop in the southern Plains starting this weekend to improve harvest […] Read more
U.S. grains: Corn futures extend winning streak
Reading Time: < 1 minute Chicago | Reuters — U.S. corn futures firmed to their highest in nearly four weeks on Wednesday, closing in positive territory for the fifth day in a row on short-covering after weakening in overnight trading, traders said. Soybean futures eased on a round of profit-taking but closed well above session lows as speculators looking to […] Read more
U.S. grains: Soy surges as export hopes rise
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean, corn and wheat futures rose on Friday on bargain buying after all three commodities posted sharp declines on Thursday. Soybeans led the gains, with the most-active contract rising 2.6 per cent. Underpinning soy were hopes that the U.S. exporters will continue to pick up overseas demand even as harvest […] Read more