Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, soybeans and corn plunged on Friday, with wheat posting its largest daily declines in three years as investors locked in profits after huge gains earlier this week, and extended weather outlooks were seen as beneficial for crops. Chicago Board of Trade wheat shed six per cent, but still managed […] Read more
U.S. grains: Wheat, soy tumble on profit-taking
U.S. grains: Soybeans hit eight-month high
Reading Time: 2 minutes Chicago | Reuters — U.S. soybeans surged to the highest levels in eight months on Thursday on technical buying and bull-spreading as investors eyed outlooks for lower output due to rains in Argentina. Corn and wheat futures tumbled more than two per cent in a profit-taking setback at the Chicago Board of Trade, with volumes […] Read more
CBOT weekly outlook: Corn, soy expected to correct lower
Reading Time: 2 minutes CNS Canada — Corn and soybean futures at the Chicago Board of Trade are both likely to correct lower after sharp gains on the week, according to one U.S. analyst. Corn prices are slightly overdone, and will likely decline in coming sessions, said Terry Reilly of Futures International. Reilly said he expects prices to correct […] Read more
U.S. grains: Soybeans extend gains on fund buying
Reading Time: 2 minutes Chicago | Reuters — U.S. soybeans shrugged off early losses to surge two per cent on Wednesday, hitting new eight-month highs and extending the gains of a dramatic April rally linked to investment fund buying and rain-related delays in Argentina’s harvest. Chicago Board of Trade soybeans reached the psychological threshold of $10 per bushel for […] Read more
U.S. grains: Wheat, soy jump to multi-month highs on fund buying
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and wheat futures extended gains to multi-month peaks on Tuesday, lifted largely by technical and investment fund buying, traders and analysts said. Corn also rose at the Chicago Board of Trade, with all three agriculture future contracts gaining as part of a broad commodities rally. The dollar declined against […] Read more
U.S. grains: Wheat surges over three per cent
Reading Time: 2 minutes Chicago | Reuters — Wheat futures on the Chicago Board of Trade surged more than three per cent on Monday, notching their biggest daily gains since October as investors liquidated a portion of the record-large short stake, traders said. Corn and soybean futures each rose to fresh multi-month highs, before trimming gains in largely technically […] Read more
U.S. grains: Corn hits four-month top on short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures hit a four-month high on Friday as concern about summer weather risk in the Midwest and dry conditions in Brazil prompted investors to cover short positions, analysts said. Soybean futures also rose, but stayed below multi-month peaks set this week, while wheat ended flat. At the Chicago Board […] Read more
U.S. grains: Soy falls from eight-month top
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell nearly one per cent on Thursday on profit-taking and softening cash markets following a four-session advance that lifted the spot May contract to an eight-month high, traders said. Wheat futures ended lower one day after setting a one-week high. But corn settled modestly higher, supported by stronger-than-expected […] Read more
CBOT weekly outlook: Soy, corn may be nearing highs
Reading Time: < 1 minute CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved higher during the week ended Wednesday, with soybeans leading to the upside on the back of fund buying. The May soybean contract moved above $9.53 Wednesday, which marks the midpoint between the highs and lows of the past year (all figures […] Read more
U.S. grains: Corn jumps three per cent, most in seven months
Reading Time: 2 minutes Chicago | Reuters –– Front-month U.S. corn futures rose three per cent on Wednesday, their biggest single-day advance since September, on short-covering and concerns about planting prospects in the Midwest, analysts said. Concerns about South American weather lent support. Soybean futures also charged higher, buoyed by chart-based buying and data showing strong demand from China, […] Read more
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