Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Friday on a profit-taking setback after posting gains in the previous two sessions, traders said. Soybeans closed near session lows but the declines were kept in check by technical buying as prices neared contract lows hit earlier in the week. Expectations for huge plantings in 2016 […] Read more
U.S. grains: Corn, soy, wheat close lower, post weekly losses
U.S. grains: Wheat, corn close firm on technical buying; soybeans slip
Reading Time: 2 minutes CHICAGO / Reuters – U.S. wheat futures rallied nearly 2 per cent on Thursday, supported by a round of short-covering and signs of improving export demand, traders said. A pickup in exports also boosted corn futures, as technical buying lent further support to both corn and wheat after prices dipped during the overnight trading session. […] Read more
U.S. grains: Wheat falls on profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures sank on Friday on a round of end-of-week profit taking after prices hit an 8-1/2 week high on Thursday, traders said. Soybeans also fell, pressured by the expanding harvest of what is expected to be a bumper crop in the U.S., while corn was close to unchanged. Wheat […] Read more
U.S. grains: Soy, corn, wheat rally to close week
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade soybeans rallied 2.4 per cent to their highest in more than a week on Friday, supported by signs of a pick-up in export demand for U.S. supplies, traders said. U.S. wheat futures rose 2.2 per cent to their highest since Aug. 14. Wheat pulled corn higher on […] Read more
U.S. grains: CBOT wheat slides from one-month high
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell two per cent from a one-month top on Thursday on a round of profit taking, with plentiful global supplies allaying concerns about adverse crop weather in Australia and the Black Sea region, traders said. Corn futures edged lower, pressured by the expanding harvest of what is expected […] Read more
U.S. grains: Soy futures fall as harvest pace picks up
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and soybean futures fell on Tuesday, under pressure from the expanding harvest around the U.S. Midwest as well as some profit-taking after rallying on Monday, traders said. Wheat futures also fell, but losses were kept in check as bargain buyers stepped into the market when prices hit their session […] Read more
U.S. grains: Wheat, corn rise on short-covering bump
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Monday, with the benchmark Chicago Board of Trade soft red winter wheat contract gaining 1.8 per cent, on a round of short-covering by investment funds as well as technical buying, traders said. “If you are looking for a fundamental reason for today’s price rally, look elsewhere, […] Read more
U.S. farmers unlikely to book sales off the combine this fall
Reading Time: 2 minutes Chicago | Reuters –– Cash market sales of corn and soybeans will probably be slow around the U.S. this fall as weakness in the futures market and crumbling basis levels have left prices well below growers’ targets and threatened profitability. But the downturn has not killed farmers’ hopes for a fall rally, even with expectations […] Read more
U.S. grains: Ample stocks, poor exports push wheat to multi-year lows
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures sank to multi-year lows on Thursday, weighed down by ample supplies and weak demand for U.S. exports, traders said. A hefty supply base also sparked a sell-off in corn, which hit its lowest level since mid-June, while soybeans sagged on technical selling and rising harvest expectations. The Chicago […] Read more
U.S. grains: Hard wheat hits eight-year low on plentiful supplies
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures sank on Wednesday, weighed down by signs of abundant supplies and dim prospects for U.S. exports, traders said. The front-month K.C. hard red winter wheat contract shed 2.5 per cent and hit its lowest in more than eight years, while the most actively traded Chicago Board of Trade […] Read more