Reading Time: 2 minutes Washington | Reuters — U.S. corn and wheat ending stocks will be higher than previously expected at the end of the marketing year due to a drop in already weak demand for U.S. supplies on the export market, the government said on Tuesday. The U.S. Agriculture Department in its monthly supply and demand report also […] Read more
USDA sees corn, wheat supplies rising as exports wane
U.S. grains: Corn, wheat post small gains
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures inched higher in end-of-week consolidation trade on Friday, supported by some fresh global supply concerns and stronger-than-expected export data, traders said. Chicago Board of Trade soft red winter wheat also firmed slightly, with mild short-covering lending support. Ample global supplies but weak demand for U.S. […] Read more
U.S. grains: Corn snaps winning streak but wheat, soy firm
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures fell on Thursday, breaking a three-day streak of gains, as a pick-up in country movement of the yellow grain pulled prices from one-month highs hit early in the session, traders said. Wheat and soybean futures closed firm, bouncing back from declines on Wednesday on a round of bargain […] Read more
U.S. grains: Soybeans set back on profit taking
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dropped 1.1 per cent on Wednesday as investors locked in profits a day after the market’s rally to a four-week high, traders said. Wheat futures also fell, pressured by weak overseas demand for U.S. supplies. But corn closed slightly higher, with a surprise export sale triggering a mild […] Read more
U.S. grains: Corn, soybeans close firm; wheat gains muted
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean and corn futures closed firmer on Tuesday, hitting four-week highs on concerns about rains slowing the early soybean harvest in Brazil and investor hopes of stimulus measures in China, traders said. Chicago Board of Trade wheat futures followed corn and soybeans higher. Traders also cited technical buying in wheat […] Read more
USDA grains report catches speculators leaning wrong way
Reading Time: 2 minutes Washington | Reuters — Grains market speculators who had built massive short positions in recent months were caught leaning the wrong way after the U.S. government cut its corn and soy harvest views, as well as its wheat planting estimate, in reports released on Tuesday. Although the overall fundamental picture remains bleak, the bearish bets […] Read more
USDA’s corn, stocks view misses forecasts; prices surge
Reading Time: 2 minutes Washington | Reuters — U.S. corn and soybean supplies ballooned to record levels during the last three months of 2015 following bountiful harvests of both commodities and cutbacks in usage, according to government data released on Tuesday. But grain stocks lagged market forecasts, and corn and soybean production was smaller than previously estimated, the U.S. […] Read more
U.S. grains: Short-covering spurs slight gains in corn, soy, wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, corn and soybean futures edged higher on Tuesday as investors used the previous session’s sharp declines to take profits on bearish bets they had placed on the commodities sector, traders said. But concerns about a weaker global economy cutting into demand limited buying and all three commodities closed below […] Read more
U.S. grains: Corn, wheat, soybeans sag to start 2016
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn, wheat and soybean futures fell sharply on Monday as concerns about economic weakness in China and the dollar’s strength raised concerns about global demand for U.S. commodities, traders said. Corn sank to its lowest level in four months while wheat hit a low not seen since […] Read more
U.S. grains: Wheat, corn, soy fall on global supply pressure
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade wheat, corn and soybeans fell on Wednesday as traders grappled with huge world stocks of all three commodities. Grain and oilseed prices edged higher during the overnight session but traders quickly locked in profits from the mild spikes amid the bearish global balance sheet. Wheat futures fell […] Read more