Reading Time: 2 minutes Chicago | Reuters — U.S. soybean, wheat and corn futures rose on Wednesday, with the Federal Reserve’s announcement that it will be less patient in normalizing monetary policy jolting the market to session highs late in the trading day. Bargain buying and short covering also were supportive factors for the agricultural commodities. The Federal Reserve’s […] Read more
U.S. grains: Soybeans, corn, wheat close higher after Fed statement
U.S. grains: Corn, soy dive on export woes
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures sagged 1.5 per cent to their lowest in almost five months on Tuesday, with export demand for U.S. supplies fading amid the expanding harvest in Argentina and Brazil, traders said. “The fundamentals are not friendly here; the South American crops are coming in with good yields,” Charlie Sernatinger, […] Read more
U.S. grains: Wheat rallies on concerns about crop
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures rose for the sixth time in seven sessions on Monday on concerns about dry conditions in the U.S. Plains hindering growth as the winter wheat crop emerges from dormancy. Corn futures sagged due to pressure from lower-than-expected U.S. export inspections data. Soybeans also dropped as traders anticipated huge […] Read more
USDA cuts world, U.S. corn stocks view as exports heat up
Reading Time: 2 minutes Washington | Reuters — U.S. and world corn supplies are projected to be smaller than expected by the end of the marketing year due to rising export demand, the U.S. Agriculture Department said on Tuesday. The government also left its outlook for domestic soybean supplies unchanged and lowered U.S. wheat stocks by just one million […] Read more
U.S. grains: Wheat, soy post big losses on weakening export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures dropped 2.5 per cent on Monday on poor export demand and lessened concerns about damage to the dormant U.S. crop, traders said. Poor export demand also weighed on soybeans. Traders added that easing worries about a truckers’ strike in Brazil slowing shipments of newly harvested supplies from that […] Read more
U.S. grains: Soybeans, corn, wheat rally to end week
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures rose for the third consecutive day on Friday as demand for U.S. stocks of the oilseed remained strong while overseas buyers waited for supplies from the South American harvest to hit the market, traders said. Wheat futures jumped on a round of short covering but remained stuck in […] Read more
U.S. grains: Soybeans rise on exports; corn, wheat weak
Reading Time: 2 minutes Chicago | Reuters –– Soybean futures firmed Thursday on signs that export demand for U.S. supplies remained robust despite expectations of bumper harvests in Argentina and Brazil, traders said. Wheat and corn futures were weaker, pressured by ample global supplies, but both commodities remained within recent ranges. Soybeans received an additional boost from technical buying […] Read more
U.S. grains: Wheat falls on dollar pressure
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures firmed on Friday on support from bigger-than-expected U.S. export sales, traders said. “The exports are pretty important,” said Bill Gentry, broker at Risk Management Commodities in Lafayette, Indiana. “(They show) the corn has got some value at these and lower levels.” Soybeans dropped near three-month lows, capping a […] Read more
U.S. grains: Corn drops from one-week high
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures slipped from a one-week high on Wednesday on ample global supplies, traders said. Soybean futures edged higher, with bargain buyers picking prices up from their lowest since October even as concerns about dry weather culling crop production in South America eased. “Despite recent talk of drier-than-normal weather across […] Read more
U.S. grains: Soy falls as export interest shifts
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade soybean futures dropped to their lowest in nearly three months on Tuesday as export demand for U.S. supplies weakened ahead of what are expected to be record harvests in Brazil and Argentina, traders said. Corn and wheat futures closed firm on a round of bargain buying following […] Read more