Reading Time: 2 minutes U.S. soybean futures fell 1.6 per cent on Wednesday, dropping on a wave of technical selling after early strength failed to push prices above last week’s highs, traders said. Wheat and corn also were weak, with wheat sagging to an 18-month low as huge global supplies crimp demand for U.S. offerings on the export market, […] Read more
U.S. grains: Soy off on technical sales, soymeal drop
U.S. grains: Wheat hits contract lows
Reading Time: 2 minutes U.S. wheat futures fell 1.1 per cent on Monday, hitting new contract lows because of plentiful global supplies and a wave of technical selling, traders said. Corn futures also fell, but soybeans firmed on bargain buying following a weak start. Chicago Board of Trade soft red winter wheat notched the biggest loss, with the ample […] Read more
U.S. grains: Soybeans up 1.4 per cent as demand increases
Reading Time: 2 minutes U.S. soybean futures rose 1.4 per cent to their highest level since Sept. 19 on strong end user demand, traders said. Corn futures also climbed, supported by short-covering, but wheat was mostly lower on technical weakness. Soybeans were buoyed early by a U.S. Agriculture Department report that private exporters sold 290,000 tonnes of U.S. soybeans […] Read more
U.S. grains: Soy drops on profit-taking, corn up on bargain buying
Reading Time: 2 minutes U.S. soybean futures dropped 1.1 per cent on Monday, their biggest decline in more than two weeks, weighed down by profit-taking and weakness in the soymeal market. Wheat also fell on a setback from recent highs but corn edged higher, with bargain buyers stepping in to lend support after prices staked out a fresh three-year […] Read more
U.S. grains: Corn, wheat rally on technical support
Reading Time: 2 minutes U.S. corn and wheat futures rose on Tuesday, with wheat gaining the most in more than a month, supported by bargain seekers and technical buying, traders said. Soybean futures fell for the third time in four sessions, pressured by concerns about a slackening of export sales. Traders said investors were stepping back from the bullish […] Read more
U.S. grains: Soy slips, corn drops on EPA biofuel plan
Reading Time: 3 minutes U.S. soybean futures fell 2.5 per cent on Friday to a one-week low, with traders citing softening cash markets, favourable crop weather in South America and profit-taking after Thursday’s six-week high. A private estimate for big U.S. soybean acreage next year also weighed on prices. Corn prices fell late in the session after the Obama […] Read more
U.S. grains: Soy rallies on USDA demand outlook
Reading Time: 3 minutes U.S. soybean futures rose to a two-week high on Friday after the government predicted that stronger global demand would soak up more of the bumper crop than had been expected this year, traders said. Corn futures firmed, their first positive session since Oct. 29, after the U.S. Agriculture Department’s outlook for a record corn crop […] Read more
U.S. grains: Soybeans hit one-week high, wheat mixed
Reading Time: 2 minutes U.S. soybean futures rose on Thursday, hitting a one-week high on strength in the cash markets, signs of strong export demand and spillover support from a rally in soymeal prices, traders said. Corn and wheat futures were soft and mixed, respectively, with traders squaring positions ahead of long-awaited U.S. Agriculture Department production and supply and […] Read more
U.S. grains: Soybeans rise as harvest slows; corn, wheat fall
Reading Time: 2 minutes U.S. soybean futures rose on Wednesday after four straight sessions of declines, buoyed by strength in the cash market and by harvest slowdowns, traders said. Corn and wheat futures weakened, setting new lows, on expectations that a huge corn harvest will lead to a glut of grain in the U.S., traders said. Corn has fallen […] Read more
U.S. grains: Wheat, corn, soy fall as USDA report nears
Reading Time: 2 minutes U.S. wheat futures fell one per cent to their lowest in nearly six weeks on Tuesday due to improving crop prospects in the U.S. Plains and declining demand on the export market, traders said. Soybeans and corn also fell, with corn charting a fresh three-year low and soybeans notching their lowest since February 2012. Expectations […] Read more