Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures eased on Tuesday, weighed down by weakness in the cash market and an ample supply cushion, traders said. Wheat firmed, buoyed for the second day in a row by the U.S. government’s surprise cut to its domestic ending stocks estimate while soybeans rose on good export prospects. Chicago […] Read more
U.S. grains: Plentiful supplies weigh on corn; wheat, soy firm
U.S. grains: Wheat rallies on USDA report; corn, soy weaken
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures surged on Monday due to the U.S. Agriculture Department’s bigger-than-expected cut to the domestic supply picture while corn and soybean futures sagged. Surging export demand for U.S. supplies, which ramped up after wheat prices fell to a 3-1/2-year low late last month, keyed the government’s cut to ending […] Read more
U.S. grains: Wheat, corn fall; soybeans firm late on technical buying
Reading Time: 2 minutes U.S. wheat futures fell 1.6 per cent on Friday, flirting with a 3-1/2 year low on expectations that supplies will remain abundant even though lower prices have boosted export demand, traders said. Corn fell, pressured down by forecasts for rain in South America but soybeans firmed, closing higher on a wave of technical selling. Wheat […] Read more
U.S. grains: Wheat, corn close higher on bargain buying after dips
Reading Time: 2 minutes U.S. wheat futures rose on Thursday as recent declines spurred interest from bargain hunters as well as buyers on the export market, traders said. Corn edged higher, with the market finding some technical support after two straight days of losses erased two per cent of value. A better-than-expected export sales report added strength but gains […] Read more
U.S. grains: Export, domestic demand support U.S. soy
Reading Time: 2 minutes U.S. soybean futures rose for the fifth day in a row on Wednesday due to strong demand from exporters as well as domestic processors, traders said. Wheat futures crumbled, dropping two per cent, as huge global supplies weighed on the market. Corn also was weaker, with fresh Chinese rejections of distillers’ dried grains roiling export […] Read more
U.S. grains: Wheat, soybeans post sharp gains
Reading Time: 2 minutes U.S. soybean and wheat futures rose on Tuesday, spurred by strong demand for U.S. supplies on the export market, traders said. Corn futures closed lower, with traders noting a round of profit-taking after two straight days of gains pushed prices to a three-week high on Monday. Wheat notched the biggest gains, led by a two […] Read more
U.S. grains: Rising export demand pushes wheat, soybeans higher
Reading Time: 2 minutes U.S. soybeans and wheat futures rose on Monday, with a pickup in export demand supporting both commodities, traders said. Corn futures also closed higher, feeding off the strength of soybeans and wheat, but gains were kept in check by profit-taking following a five per cent rally on Friday. Wheat rebounded from a four-session losing streak […] Read more
U.S. grains: Corn falls 1.8 per cent on China concerns
Reading Time: 2 minutes U.S. corn futures fell 1.8 per cent to a one-week low on Thursday, pressured by worries of weakening demand for U.S. supplies from China, traders said. Wheat and soybean futures also fell, with wheat hitting a 19-1/2 month low due to ample global stocks that weighed on the export prospects for U.S. supplies. Soybeans dropped […] Read more
U.S. grains: Soy rises on dry Argentina; corn firm
Reading Time: 2 minutes U.S. soybean futures rose on Friday, as worries that dry weather in Argentina will limit the size of the crop from the key South American producer supported prices, traders said. Corn and wheat also were firm, largely due to spillover strength from the rally in the soy market, but gains were limited by concerns about […] Read more
U.S. grains: Corn jumps on strong exports
Reading Time: 2 minutes U.S. corn futures gained 1.3 per cent on Thursday on a better-than-expected export report from the U.S. government, as well as short-covering following recent declines, traders said. “We have been down pretty hard and we are at the bottom of the trading range,” said Bill Gentry, a broker at Risk Management Commodities. “This is just […] Read more