Reading Time: 2 minutes Chicago | Reuters — U.S. farmers seeded 30 per cent of their corn acreage during the past week, putting them ahead of the typical pace, as a window of dry weather allowed farmers in major production states such as Iowa, Illinois and Indiana to make huge advances in the field. The U.S. Agriculture Department’s weekly […] Read more
U.S. farmers notch best planting week of 2014, USDA says
U.S. grains: Wheat falls on supply outlook
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures fell one per cent on Monday, their fourth straight day of declines, due to a U.S. government forecast for ample global supplies and crop-boosting rains in the key production areas, traders said. Corn and soybeans also eased, with corn hitting a one-week low, as the pace of planting […] Read more
U.S. grains: Wheat rises; corn, soy weak ahead of long weekend
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures firmed on Thursday, supported by short-covering, concerns that a recent cold snap in key growing areas damaged some of the crop and worries that grain shipments from the Black Sea could be disrupted by political unrest in Ukraine, traders said. Wheat also received support from better-than-expected export sales […] Read more
U.S. grains: Soybeans up 1.1 per cent on supply woes; wheat, corn weak
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rallied for the third day in a row on Wednesday to reach a nine-month high, drawing strength from data released earlier in the week that showed appetite for the oilseed remained strong at domestic crushers, traders said. The strength in soy failed to carry over into the grains, […] Read more
U.S. grains: Soybeans, wheat rally; corn close to unchanged
Reading Time: 3 minutes Chicago | Reuters — U.S. soybean futures rose 1.7 per cent on Tuesday on signs that domestic processors kept their plants running at high levels even as supplies dwindled, traders said. Wheat futures gained 3.4 per cent, surging through the US$7-a-bushel level, on fears that escalating political tensions in Ukraine would disrupt shipments of the […] Read more
U.S. grains: Wheat drops on forecasts for Plains rain; corn firm
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Friday, clinching their biggest weekly loss since January, on forecasts for some much needed rain in the U.S. Plains, traders said. Corn prices firmed on expectations that cold weather and low soil temperatures across key growing areas of the U.S. Midwest will delay planting in coming […] Read more
U.S. grains: Corn, soy, wheat rise on bargain buying bounce
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures rose on Thursday, supported by a round of bargain-buying after all three commodities fell sharply on Wednesday, traders said. Tight stocks and strength in the cash market also supported soybean prices. U.S. farmers have not sold much to processors and elevators in recent weeks because […] Read more
U.S. grains: Profit-taking sparks sell-off in wheat, corn, soy
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soy futures fell sharply on Wednesday, with corn and soybeans falling back from multi-month highs, on a round of profit taking following rallies earlier in the week. “The market is taking a breather,” said Dewey Strickler, president of Ag Watch Market Advisors. Chicago Board of Trade wheat and […] Read more
U.S. grains: Soy, corn extend rally on supply concerns, wheat falls
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose 1.4 per cent on Tuesday, with old-crop months hitting fresh contract highs on follow-through buying after a government report confirmed that the tight domestic supply situation is likely to persist until harvest. “The U.S. Agriculture Department did nothing yesterday to dispel notions that U.S. old crop supplies […] Read more
U.S. grains: Weather worries support wheat; export data boost corn, soy
Reading Time: 2 minutes Chicago | Reuters — U.S. grains rallied on Monday, with wheat supported by concerns about the weather in key growing areas, while soybeans and corn rallied on strong export data, traders said. Wheat led the gains, rising 3.1 per cent, on forecasts for continued dryness in the southern U.S. Plains wheat belt for the next […] Read more