Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell 1.7 per cent at the Chicago Board of Trade on Tuesday, dropping below US$14 a bushel for the first time since March 24, on the easing of pressure on the U.S. balance sheet, traders said. Corn also weakened, hitting a 4-1/2-month low, while wheat firmed on moderate […] Read more
U.S. grains: Soy leads corn lower as supply concerns ease
U.S. grains: Corn, soybean futures fall on expected strong harvest
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures dropped 1.3 per cent on Monday on expectations of a robust U.S. harvest this fall due to good crop weather across the U.S. Midwest, traders said. “Weather remains highly beneficial for new crop development,” Sterling Smith, futures specialist at Citigroup in Chicago, said in a […] Read more
U.S. grains: Wheat up from three-month low on bargain buying; corn weak
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures edged higher on Wednesday on a round of mild bargain buying following a 10-session losing streak that pushed prices to a three-month low, traders said. “Wheat is due for a bounce, but any rebound may be limited unless some major problems develop on the northern Plains into Canada […] Read more
U.S. grains: Wheat, corn hit three-month lows
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell 1.6 per cent, their fourth straight losing session, on Tuesday on forecasts for rain across the U.S. Midwest that should spur growth of the recently seeded crop, traders said. Expectations for a bumper harvest of corn already were high following timely planting and a U.S. government report […] Read more
U.S. grains: Soybeans firm on tight supplies, wheat hits three-month low
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Monday on signs of strong export demand that threatened to further deplete thin U.S. supplies, traders said. Corn was close to unchanged, with good crop weather pressuring prices, while wheat futures sagged to a three-month low on ample global stocks and lacklustre demand. CBOT wheat has […] Read more
U.S. soy, spring wheat plantings soar as farmers wrap up corn
Reading Time: 2 minutes Chicago | Reuters — Soybean planting surged ahead of schedule across the U.S. Midwest during the past week as farmers neared the end of their corn seeding, U.S. government data released on Tuesday showed. Good weather in key growing areas also allowed farmers in the northern U.S. Plains to seed large tracts of their spring […] Read more
U.S. grains: CBOT wheat drops for eighth day
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell for an eighth straight session on Friday, on track for their longest losing streak since June, due to poor demand for U.S. offerings on the export market despite the streak of declines. “There is not a lot of business being done,” said Mark Schultz, analyst at Northstar […] Read more
U.S. grains: Corn drops to lowest since March
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell 2.3 per cent on Thursday to their lowest in nearly seven weeks on a technical setback and forecasts for improved planting weather in northern areas of the U.S. Corn Belt by the weekend, traders said. “The attitude is that the corn crop is going to get planted. […] Read more
U.S. grains: Wheat falls on supply glut, pulls corn lower
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures fell for the sixth day in a row on Wednesday, extending a losing streak during which the benchmark contract has shed 6.6 per cent of its value because of ample global stocks and waning demand for U.S. supplies. Corn also was weak, pressured by the drop in the […] Read more
U.S. grains: Soybeans and corn firm, but wheat weak
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures rose 1.3 per cent on Tuesday, rebounding from Monday’s sell-off on a round of bargain buying and some position squaring ahead of a report that will show how big demand from domestic crushers was in April, traders said. Corn futures also were firm, following soybeans higher, but gains […] Read more