Reading Time: 2 minutes U.S. wheat ratings fell to 39 per cent good to excellent, the lowest ever for early November, as the health of the crop deteriorated due to dry conditions in the southern U.S. Plains. The U.S. Agriculture Department’s weekly crop progress and conditions report released on Monday afternoon also said the U.S. corn harvest was 95 […] Read more
U.S. wheat ratings fall to record low due to dry weather
Grains – soybeans drop, pull corn lower while wheat steadies
Reading Time: 3 minutes Soybean futures fell 1 per cent Monday on forecasts for improving crop weather in South America as well as some follow-through selling from declines last week, traders said. Corn also fell, pressured by the drop in soybeans, while wheat was up slightly, but well below its daily highs due to a round of profit taking. […] Read more
U.S. wheat, corn, soy buck weakness in other commodities
Reading Time: 3 minutes U.S. grain and soybean futures rallied on Wednesday, led by a 3.5 per cent jump in wheat prices, as speculators waded back into the market with a renewed focus on a global supply shortage after a selloff from the summer peaks. Wheat snapped a five-session losing streak on expectations that drought will force Russia to […] Read more
U.S. soy rises, wheat and corn drop
Reading Time: 3 minutes U.S. soybean futures rose on Tuesday as early weakness after Monday’s lower close gave way to short-covering amid signs of good export demand, traders said. Wheat and corn fell, their fifth straight day of declines, but trading was choppy in thin volume ahead of the Labour Day holiday. Prices for all three commodities bounced between […] Read more
Soy leads markets higher on rebound from two-day drop
Reading Time: 2 minutes U.S. soybean, wheat and corn futures rose on Wednesday, clawing back some of the losses from earlier in the week on renewed worries about crops in the U.S. Midwest hit hard by drought. Soybeans led the way higher, rising 3 per cent as the market edged back toward record highs set late last week. Wheat […] Read more
Soy drops as rains loom; corn yo-yos on profit-taking
Reading Time: 3 minutes U.S. grain prices extended their drop from record highs on Tuesday as forecasts for rain offered soybean crops some relief from the worst drought in half a century, triggering profit-taking from a blistering month-long rally. While some traders said this week’s retreat suggested consumers may have seen the worst of the run-up in prices, which […] Read more
Corn rally nears record, soy just off 2008 high
Reading Time: 3 minutes U.S. corn surged nearly four per cent on Thursday, extending one of its biggest rallies ever, while soybeans jumped to within 20 cents of their record high as new forecasts offered no sign of rain relief for withering crops. With fields now at the mercy of what may be the worst U.S. Midwest drought in […] Read more
U.S. crops shrivel in record heat, rains expected
Reading Time: 2 minutes The U.S. Midwest will remain extremely hot and dry the next few days, adding more stress to crops already damaged by a summer heat wave, but some relief rains are expected over the weekend, forecasters said. All-time high temperatures were forecast for many U.S. Midwest cities on Thursday. The midday temperature in Chicago was 99 […] Read more
U.S. hog, poultry firms to extend use of feed wheat
Reading Time: 3 minutes The surprise drop in U.S. corn feed demand this summer may be only the beginning of a year-long reduction as chicken and hog producers break a long-held aversion to blending more wheat into rations. What initially began as a summer fling with an unprecedented premium for corn prices over wheat has turned into an enduring […] Read more
Hot weather to follow spotty rains in U.S. Plains
Reading Time: < 1 minute Spotty rain showers improved soil moisture in some key growing areas of the parched U.S. Plains, but high temperatures could dry areas out again in the coming days, a private forecaster said Monday. “It was good in some areas and not good in others,” said Drew Lerner, president and senior agricultural meteorologist of World Weather […] Read more