Reading Time: 3 minutes CHICAGO, July 29 (Reuters) – U.S. wheat futures fell 2.8 per cent to fresh contract lows on Tuesday due to plentiful global supplies as well as strong competition on the export market, traders said. Corn and soybean futures also fell as forecasts for rain in the U.S. Midwest next week alleviated concerns about dry conditions reducing harvest prospects for both […] Read more
GRAINS – U.S. corn, soybeans, wheat drop after recent gains
U.S. soy, corn ratings drop for first time in more than a month
Reading Time: < 1 minute U.S. corn and soybean condition ratings fell in the latest week, the U.S. Agriculture Department said on Monday, the first decline for both crops in five weeks. USDA said that soybeans were rated 71 percent good to excellent as of July 27, a 2 percentage point decline from a week earlier. Good-to-excellent ratings for corn […] Read more
U.S. spring wheat yield prospects best in 22 years
Reading Time: 2 minutes Fargo, North Dakota/Reuters — The 2014 U.S. hard red spring wheat crop was projected to yield 48.6 bushels per acre, scouts on an annual crop tour said Thursday, the tour’s highest forecast in at least 22 years. The estimate was based on samples from 373 spring wheat fields assessed during the Wheat Quality Council’s three-day […] Read more
ND wheat tour continues — yields variable in northwest
Reading Time: 2 minutes Bowbells, North Dakota/Reuters — Spring wheat yield potential in northwestern North Dakota was seen as variable, with much of the crop behind its typical development schedule following late planting, scouts on an annual tour found on Wednesday. On one route through Ward, Mountrail and Burke counties, scouts on the Wheat Quality Council’s annual tour projected […] Read more
Tour sees ‘extraordinary’ wheat crop in North Dakota
Reading Time: 2 minutes Bismarck, North Dakota/Reuters — Big spring wheat yields were projected in southern North Dakota as abundant soil moisture and cool weather helped foster crop development following an uneven planting season, scouts on an annual crop tour found on Tuesday. “I think we have seen an extraordinary crop,” said Dan Wogsland, executive director of the North […] Read more
Corn, soybean price drop may be premature
Reading Time: 2 minutes "I do think the market may have gone a little bit too far to the downside for the moment." Ted Seifried, vice-president of brokerage Zaner Group
GRAINS – Bargain buying supports bump in U.S. corn, soybeans, wheat
Reading Time: 2 minutes Chicago|Reuters — U.S. soybean, corn and wheat futures firmed on Monday, bouncing off multiyear lows due to a mild round of bargain buying and short covering, traders said. But forecasts for excellent growing weather across broad stretches of the Midwest during the next two weeks limited gains as little stress is expected on both corn […] Read more
U.S. grains: Soybeans drop; corn firms on technical buying
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Friday, capping their fourth straight losing week on profit taking and concerns about slowing demand from China, the world’s top buyer of the oilseed, traders said. Wheat also fell, weighed down by technical selling and seasonal harvest pressure, while corn rose to a 10-day high. Soybeans finished […] Read more
U.S. grains: Corn, soybeans rise following heavy rains in U.S. Midwest
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose for the second straight session on Thursday, supported by concerns that heavy rains in some growing areas of the U.S. may have caused damage to developing crops, traders said. “It looks like 10 to 20 per cent of the Corn Belt is just too darn […] Read more
U.S. grains: Soybeans rise on bargain buying
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Wednesday, rebounding from their lowest in nearly three months on a round of mild bargain buying, traders said. Wheat futures rose on support from short-covering as well as disappointing harvest yields in key hard red winter wheat-growing areas of the U.S. Plains. Corn followed wheat higher, […] Read more