(Dave Clark photo courtesy ARS/USDA)

U.S. grains: Corn firms on short-covering

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures climbed about two per cent on Monday on short-covering ahead of the Midwest planting season and chart-based buying, analysts said. Wheat futures were also higher on short-covering while soybeans closed almost flat, retreating from early advances. Chicago Board of Trade May corn settled up 7-1/2 cents at $3.67 […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. grains: Wheat, corn hit two-week lows on long liquidation

Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to a two-week low on Friday and corn hit a 2-1/2-week low on technical selling including fund long liquidation, analysts said. Soybeans closed modestly higher, bouncing after the spot March contract hit a six-week low. Chicago Board of Trade March wheat settled down 6-3/4 cents at $4.31-1/4 […] Read more


(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soy hits two-week low on long liquidation

Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell more than two per cent on Monday, with the front contract hitting a two-week low on long liquidation and improved crop weather for South America, analysts said. Corn and wheat followed the weaker tone. Chicago Board of Trade March soybean futures settled down 26-1/2 cents at $10.22-3/4 […] Read more

(Photo courtesy Canada Beef Inc.)

U.S. livestock: Cattle limit up on technical buying

Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures climbed to a nine-month high on Tuesday, extending gains from the previous session on chart-based and investment fund buying, traders and analysts said. Feeder cattle and lean hog futures also rose at the Chicago Mercantile Exchange, with feeders reaching the highest levels since August. Trading limits in […] Read more


(Photo courtesy Canada Beef Inc.)

U.S. grains: Wheat jumps on short-covering

Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures climbed more than one per cent on Monday as traders covered short positions following U.S. regulatory data last week showing an unexpectedly large build in bearish wheat bets. Soybean and corn futures both were flat to narrowly mixed in thin-volume trading, with some soybean contracts […] Read more

(Dave Bedard photo)

First U.S. trader convicted of spoofing sentenced to jail

Reading Time: 2 minutes Chicago | Reuters — A U.S. judge sentenced futures trader Michael Coscia to three years in prison on Wednesday, a lighter punishment than prosecutors had sought for the first person criminally convicted of the manipulative trading practice of spoofing. Coscia also was sentenced to two years of supervised release from jail, in a case that […] Read more


(Michael Thompson photo courtesy ARS/USDA)

U.S. grains: Weather woes support wheat

Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose to a three-week high on Monday, their eighth day of gains over nine sessions, supported by a round of short covering, traders said. Chicago Board of Trade soft red winter wheat futures hit their highest since Feb. 4 on concerns that dry weather in the U.S. Plains […] Read more

(Lisa Guenther photo)

U.S. grains: Short-covering supports corn, soy, wheat

Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures rose for the fourth day in a row on Monday, supported by a round of short-covering after regulatory data released on Friday afternoon showed that speculators had built the biggest net short on record in all three commodities. But prices closed well off their session […] Read more


(Portosdobrasil.gov.br via Flickr)

U.S. grains: Prices rise on short-covering, slow loadings in Brazil

Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures climbed to a 1-1/2-week high on Tuesday while wheat and corn each gained about one per cent, boosted by investor short-covering and a backlog of export loadings at Brazilian ports. Prices rose as trade resumed following a three-day weekend due to Monday’s U.S. Presidents Day holiday. They were […] Read more

(Lisa Guenther photo)

USDA grains report catches speculators leaning wrong way

Reading Time: 2 minutes Washington | Reuters — Grains market speculators who had built massive short positions in recent months were caught leaning the wrong way after the U.S. government cut its corn and soy harvest views, as well as its wheat planting estimate, in reports released on Tuesday. Although the overall fundamental picture remains bleak, the bearish bets […] Read more