Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat tumbled as much as two per cent on Wednesday, with benchmark Chicago Board of Trade (CBOT) futures falling the most in a week after top global wheat importer Egypt cancelled a tender seeking supplies from the U.S. Overbought technical conditions and profit-taking also pressured prices, with CBOT corn and […] Read more
U.S. grains: Wheat tumbles after Egypt cancels U.S. tender
U.S. grains: Soy hits one-month high on soymeal gains, NOPA data
Reading Time: 2 minutes Chicago | Reuters — U.S. soybeans climbed to a one-month peak on Tuesday, lifted by a three per cent spike in soymeal futures and data showing near-record domestic crushings of the beans in January, traders said. Wheat futures were mixed, with some contracts turning lower after earlier hitting three-week highs on a short-covering bounce. Corn […] Read more
U.S. grains: Soybeans, wheat turn higher on bargain buying
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and soybeans were narrowly higher on Wednesday, rebounding from losses earlier in the session on support from bargain buying and active spread trading after prices tumbled following a bearish government crop report released on Tuesday. Corn futures trimmed losses but still finished lower at the Chicago Board of Trade, […] Read more
U.S. grains: Wheat falls one per cent on USDA outlook
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell 1.5 per cent on Tuesday, declining for the first time in four sessions after the U.S. Department of Agriculture in a monthly report estimated world ending stocks larger than analysts anticipated. Soybean futures shed one per cent while corn was narrowly lower. Prices for all three crops […] Read more
U.S. grains: Corn, soy rise on short-covering ahead of USDA report
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and soybean futures edged higher on Monday, lifted by investor short-covering and position-squaring ahead of the monthly U.S. Department of Agriculture supply and demand report due on Tuesday. USDA said earlier that top soybean importer China purchased 120,000 tonnes of the grain within 24 hours, while analysts at AgRural […] Read more
U.S. livestock: Hogs fall to four-year low, cattle tumble on supply
Reading Time: 2 minutes Chicago | Reuters –– U.S. lean hogs fell one per cent to a more than four-year low on Monday, while live and feeder cattle also tumbled as investors liquidated long holdings on signs of plentiful supplies. Hog prices declined in U.S. Midwest cash markets, where pork packers had enough of the animals for their slaughter […] Read more
U.S. grains: Corn rallies on bargain buying, export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. corn rose 1.8 per cent on Friday for its biggest daily gain in about two weeks, rebounding from a nearly two-month low on support from short covering and increasing export demand. Wheat and soybean futures were mixed in light volume, with bargain buying supporting some contracts even as worries of […] Read more
U.S. grains: Soybeans fall on soymeal tumble, NOPA data
Reading Time: 2 minutes Chicago | Reuters — U.S. soybeans reversed earlier gains to fall two per cent on Thursday, pressured by a steep downturn in soymeal futures and smaller-than-expected private crushing data. Wheat futures extended their worst downturn in six months on lacklustre export demand while corn was little-changed after falling to a five-week low in the previous […] Read more
U.S. grains: Corn falls to five-week low on big ethanol supply, technicals
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn fell one per cent on Wednesday, extending declines from the past two sessions to the largest in 1-1/2 years on pressure from chart-based selling and ballooning supplies of grain-based ethanol. Wheat had its sixth straight down day, pulled lower by plentiful global supplies of wheat and corn. Soybeans reversed […] Read more
U.S. grains: Corn down most since June
Reading Time: 2 minutes Chicago | Reuters — U.S. corn tumbled the most since June and soybean futures extended declines to a one-month low on Tuesday as plentiful global stockpiles triggered massive liquidation of long positions by investment funds, traders and analysts said. Chicago Board of Trade March corn fell more than four per cent as commodity funds sold […] Read more
A message from April Stewart, Country Guide's Associate Editor
