Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures rose 1.3 per cent on Monday, following a sharp rally in soyoil that stemmed from talk of rising demand on the export market. “I’ve heard some talk that China has an increased appetite for (soy)oil, said Bill Gentry, broker at Risk Management Associates. “That has given some value […] Read more
U.S. grains: Soybeans rise on soyoil rally; wheat, corn drop
U.S. grains: Short-covering supports wheat but corn, soybeans fall
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose 1.4 per cent on Friday on a round of short-covering by speculators after price declines in three of the previous four sessions, traders said. “The big short contingent in the wheat market is definitely something to be reconciled with,” said Bill Gentry, a broker at Risk Management […] Read more
USDA raises U.S. corn end stocks view; cuts wheat, soy
Reading Time: 2 minutes Washington | Reuters –– The U.S. government raised its outlook for domestic corn supplies by less than expected on Thursday, while its lowered projection for soybean ending stocks was in line with market forecasts. Corn stocks for the end of the 2014-15 marketing year were seen at 1.827 billion bushels, 50 million bushels more than […] Read more
U.S. grains: Corn drops ahead of USDA report, wheat mostly lower
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell for the third day in a row on Wednesday as traders staked out positions ahead of a government report that was expected to boost projections for supplies of the grain at the end of the crop year, traders said. Chicago Board of Trade soybean futures were mixed, […] Read more
U.S. grains: Soy falls for third day in a row
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures eased on Tuesday on pressure from abundant global supplies and weakening demand for U.S. offerings on the export market, traders said. “The world supplies are still large. The crop in South America continues to grow as harvest continues to progress in Argentina,” said Don Roose, analyst […] Read more
U.S. grains: Technical sales, rain outlook pressure wheat
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures fell on Monday on a round of technical selling after posting their biggest weekly gain in 3-1/2 months, traders said. Corn and soybean futures also were weaker, pressured by robust global supplies and profit taking after posting modest gains during the overnight trading session. Wheat futures, which had […] Read more
U.S. grains: Soy extends rally sparked by plantings report
Reading Time: < 1 minute Chicago | Reuters — U.S. soybean futures jumped 1.6 per cent on Wednesday, their third straight day of gains, as the U.S. government’s forecast for smaller-than-expected plantings of the oilseed continued to fuel buying. Corn and wheat also rose, rebounding from sharp losses on Tuesday as bargain buyers stepped in despite huge global supplies. A […] Read more
USDA sees corn acres, stocks above expectations, record soy seedings
Reading Time: 2 minutes Washington | Reuters — U.S. farmers were seen cutting their corn plantings by less than expected in 2015 even as supplies ballooned to the highest since 1987, U.S. government data showed on Tuesday. The U.S. Agriculture Department, in its closely watched prospective plantings report, also predicted that farmers would devote a record 84.635 million acres […] Read more
U.S. grains: Corn, wheat, soybeans surge on falling dollar
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn, soybeans and wheat futures rallied on Friday as investors used a sharp drop in the dollar as an excuse to cover short positions ahead of the weekend, traders said. Investment funds had built up short positions in all three commodities at the beginning of the month as export demand […] Read more
U.S. grains: Soy, corn drop as dollar rises
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and soybean futures fell on Thursday, pressured by strength in the dollar that threatened to further chill already cool demand for U.S. exports, traders said. “It was all about the U.S. dollar today, as the night session gapped higher on big volume off dollar-related short covering, only to see […] Read more