Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures climbed for a second straight session on Thursday in a short-covering and technical bounce following a steep drop earlier this week. Gains in wheat ignited the rally as hopes for a pickup in U.S. wheat export demand pushed prices through key technical levels. Corn and […] Read more
U.S. grains: Wheat, corn, soy break through key technical levels
U.S. grains: Soybeans sink on concerns about China trade talks
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell for the third time in four sessions on Tuesday on worries that the United States and China remain far apart in resolving a bitter trade fight that has slashed U.S. soy imports by the world’s top buyer. Corn and wheat followed soybeans lower, with technical selling accelerating […] Read more
U.S. grains: Wheat rallies on dollar weakness, export hopes
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rallied from one-week lows on Friday in a technical and bargain-buying bounce as a weakened U.S. dollar and rising wheat prices in rival exporting nations boosted prospects for U.S. shipments. Corn and soybeans also advanced on technical buying and concerns about crop prospects in South America due to […] Read more
ICE weekly outlook: Canola stuck in winter slump
Reading Time: 2 minutes CNS Canada — The ICE Futures canola market has hit the winter lull and there isn’t much driving it, according to one trader. “The meal has been a leader to the upside, so that again should help crush margins and it has helped crush margins. But trade has been lacklustre and I expect that to […] Read more
U.S. grains: Wheat rises on technical bounce, export prospects
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose about 1.4 per cent on Thursday, reaching a one-week high on a technical rebound from multi-month lows and optimism about U.S. export prospects, analysts said. Soybeans hit a two-week top on worries about declining Brazilian crop prospects and rumours of Chinese buying interest, and corn followed the […] Read more
U.S. grains: Soy up on crop stress in Brazil, hopes for China talks
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures advanced to a near two-week high on Wednesday on declining yield prospects in Brazil and optimism about U.S. trade relations with top global soy buyer China, traders said. Wheat futures rose, rebounding from multi-month lows on short-covering and concerns about excessive rains in Argentina, while corn finished modestly […] Read more
U.S. grains: Soybeans dip as Huawei arrest clouds trade detente
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell for the first time in five sessions on Thursday as the arrest of a senior executive at China’s Huawei Technologies Co. stoked concerns about a U.S.-China trade truce that has yet to produce a resumption of U.S. soybean sales to China. Corn followed soybeans lower, although declines […] Read more
U.S. grains: Soy futures up on hopes of progress in U.S.-China dispute
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures turned higher on Wednesday on optimism that Washington and Beijing will make progress at the upcoming G20 leaders summit toward resolving the trade dispute that has disrupted U.S. exports of the oilseed. Wheat futures slipped, while corn futures ended nearly unchanged after touching their lowest price since Oct. […] Read more
U.S. grains: Corn tops one-month high on strong U.S. export sales
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures touched their highest prices in more than a month on Thursday on strong export demand and as traders adjusted positions ahead of a crop report expected to show supplies tightened over the past year. Soybean futures also rose, extending a rebound from recent losses into a third consecutive […] Read more
U.S. grains: Corn, soy rise on short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rose on Friday as traders covered short positions ahead of a long holiday weekend, but both commodities posted monthly declines as prospects for large U.S. harvests weighed on prices. Wheat climbed on technical buying, along with worries about tightening global supplies. Chicago Board of Trade December […] Read more
A message from April Stewart, Country Guide's Associate Editor
