Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell on Thursday, with soy dropping two per cent, on profit-taking by investment funds looking to lock in gains from recent rallies. Wheat futures slid 1.8 per cent to their lowest since mid-April, pressured by reports of strong crop prospects in the U.S. Plains and weak […] Read more
U.S. grains: Profit-taking sparks sharp drop in soybeans
U.S. grains: Soy, wheat firm on bargain buying
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and soybeans firmed on Wednesday, reversing overnight losses, on technical buying and a mild round of short-covering, traders said. Corn futures weakened, with buyers wary of pushing prices higher amid a swift pace of planting in the U.S. Midwest. Sharp declines on Tuesday caused investors to step in and […] Read more
U.S. grains: Profit-taking sparks sell-off
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn, soybean and wheat futures fell on Tuesday, pressured by a round of profit-taking and technical sales, traders said. Soybeans set back from a 15-month high hit during the overnight session while corn and wheat faced resistance after failing to take out last week’s peaks, sparking a […] Read more
U.S. grains: Soybeans rally on soymeal strength
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rallied on Monday, piggybacking on sharp gains in the soymeal market, while corn and wheat futures were steady to weaker. “Beans were down early… but came roaring back higher, led by the meal (again), and backstopped by a weaker U.S. dollar,” Charlie Sernatinger, global head of grain futures […] Read more
U.S. grains: Corn rallies on export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose 1.9 per cent on Thursday, with concerns about crops in South America spurring export demand for U.S. supplies, traders said. Soybean futures closed lower despite strong exports, with traders locking in profits after prices rallied to their highest since August. Wheat futures were mixed, with benchmark soft […] Read more
U.S. grains: Wheat, corn fall; soybeans settle higher
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and wheat futures fell on Wednesday, setting back from two days of gains on profit taking as speculators locked in gains on recent short-covering rallies, traders said. “The funds have gotten heavy long up here,” said Mark Gold, managing partner with Top Third Ag Marketing in Chicago. “This is […] Read more
U.S. grains: Corn, soybeans, wheat rally for second day in a row
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean and corn futures firmed on Tuesday, their second straight day of gains, on expectations the pace of planting will slow in coming days due to wetter weather. “Tractors could stall quickly as more rains move into the Midwest this week,” Farm Futures senior grain market analyst Bryce Knorr said […] Read more
U.S. grains: Rain outlook pushes corn higher
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose two per cent on Monday, supported by concerns that rain around the U.S. Midwest could delay planting, traders said. Corn planting has gotten off to a fast start this year, but rains will likely push farmers from the fields. “We are going to be slowing down planting […] Read more
U.S. acreage plans not set in stone as corn price drops
Reading Time: 2 minutes Washington | Reuters –– U.S. farmers could plant more soybean acres than suggested in the government’s acreage forecast issued Thursday, as recent gains in the futures market tempted them to alter their corn-heavy seeding plans, growers and analysts said. The U.S. Agriculture Department report showed farmers intend to plant 93.601 million acres of corn this […] Read more
U.S. grains: Wheat closes higher on short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures edged higher on Friday, snapping a three-day losing streak on some end-of-week short-covering, traders said. Soybean futures were mixed, with the most-active contract easing after hitting a 3-1/2-month peak overnight. Deferred contracts ended slightly higher, supported by recent gains in Brazil’s currency that raised hopes of increased export […] Read more