Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dropped 2.1 per cent to their lowest in more than five weeks on Tuesday on good conditions for growth in Brazil and Argentina, technical pressure and a steep decline in soyoil prices, traders said. The South American weather also weighed on corn futures, while wheat backed off on […] Read more
U.S. grains: Soy, corn plunge on South American weather, technicals
U.S. grains: Wheat jumps on Black Sea woes, short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures surged 5.2 per cent to nearly a six-month high on Monday on concerns about a slowdown in exports from Russia and other countries in the Black Sea region. Soybean and corn futures were close to unchanged, although most contracts rose slightly after fluctuating between positive and negative territory […] Read more
U.S. grains: Wheat posts first weekly loss since September
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade wheat futures dropped for the fourth day in a row on Friday as U.S. exporters struggled to compete in an export market laden with supplies from around the globe, traders said. Corn prices also fell, with investors staking out positions ahead of a U.S. Agriculture Department report […] Read more
Concerns for low protein in U.S. soybeans
Reading Time: 2 minutes Reuters — Crop watchers have raised concerns that the massive harvest of soybeans in the United States may not contain enough protein for optimal soymeal production, forcing processors to scramble to find supplies suitable for crushing. A protein shortfall, stemming from a rainy spring and dry conditions as crops neared maturity, could add to the tightness […] Read more
U.S. grains: Corn, soy fall on big harvest, hedge pressure
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn and soybean futures dropped on Friday, with big crops in focus following a U.S. Agriculture Department report that boosted already-record forecasts for U.S. production. Wheat futures closed higher after the USDA cut its outlook for domestic supplies in the closely watched report. [Related story] Corn and […] Read more
U.S. grains: Wheat breaks six-session win streak
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures fell 2.9 per cent from four-week highs on Thursday, with investors focusing on poor demand and plentiful global stocks ahead of a key government report, traders said. Corn and soybeans firmed, with corn notching its seventh straight day of gains. Both commodities received support from harvest delays in […] Read more
U.S. grains: Wheat, corn extend winning streaks
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat and corn futures rose for the fifth straight day on Tuesday, with short-covering and technical buying in focus as investors scrambled to stake out positions ahead of a key government report, traders said. Soybeans closed lower, pressured by profit-taking after posting early gains and some commercial hedging as farmers […] Read more
U.S. grains: Soy surges, corn up as harvest slows
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rallied on Monday on concerns that the slowing pace of harvest in the U.S. Midwest will delay deliveries of much-needed supplies, traders said. “We have got a wetter forecast,” said Bill Gentry, a broker at Risk Management Commodities in Lafayette, Indiana. “That is definitely going to […] Read more
U.S. grains: Wheat, soybeans, corn fall sharply as supplies build
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell 2.9 per cent to their lowest in more than four years on Friday, matching a similar low in Paris wheat futures, as a global supply glut overwhelmed demand and pressured prices. “Nearly every session wheat futures establish new contract lows, as supplies around the world are ample, […] Read more
U.S. grains: Soybeans, wheat fall to lowest since 2010
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures fell 1.1 per cent to their lowest in more than four years on Thursday as farmers resumed harvesting in parts of the U.S. Midwest as fields began to dry out, traders said. Wheat and corn futures fell too, with wheat also hitting its lowest since July 2010, due […] Read more