Reading Time: 2 minutes Chicago | Reuters — U.S. grain futures jumped on short-covering and technical buying on Tuesday, with soybeans closing at eight-month highs after a see-saw session. Heavy buying by commodity investors helped drive the gains, with funds snapping up an estimated 15,000 soybean contracts and 20,000 corn contracts at the Chicago Board of Trade, traders said. […] Read more
U.S. grains: Soybeans set eight-month highs in comeback rally
U.S. grains: Wheat to five-week low on forecasts for rains
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell three per cent to a five-week low on Monday as weekend rains in the U.S. Plains, and forecasts for more next weekend, eased worries about yield prospects, traders said. Corn followed wheat down, but soybeans rose to an eight-month high on technically driven trade. At the Chicago […] Read more
Corn, wheat prices seen hitting 10-year lows in 2016
Reading Time: 2 minutes Geneva | Reuters — Hefty supplies, large expected crops and poor U.S. exports will weigh on grain prices later this year with corn and wheat set to drop to 10-year lows as harvest nears, consultancy AgResource said Friday. In its first 2016 price forecast, the U.S.-based consultancy forecast Chicago Board of Trade (CBOT) December corn […] Read more
U.S. grains: Wheat dips again on weak sales, improving crop
Reading Time: 2 minutes Reuters — Chicago wheat dropped on Thursday for the fourth straight session on lacklustre weekly export sales and the improving condition of the U.S. winter crop. Soybeans slid in a correction from Monday’s highest price since Aug. 17 and corn rose on speculation U.S. farmers may switch some acres to soy. The most-active May wheat […] Read more
CBOT weekly outlook: Soybeans moving lower, corn up
Reading Time: 2 minutes CNS Canada — Soybeans and corn at the Chicago Board of Trade are both stuck in a trading range, one U.S. analyst says. Neither market is expected to see any dramatic swings on the week, but soybeans have downside potential, while corn could advance. Soybeans were able to break through a 200-day moving average, but […] Read more
U.S. grains: Wheat drops to near one-week low as crop progresses
Reading Time: 2 minutes Reuters — Chicago wheat fell on Wednesday to a nearly one-week low, pressured by a U.S. Department of Agriculture report that revealed U.S. wheat was progressing faster than expected. Corn rose to its highest in almost a week, following technical indicators. Soybeans gained on bargain-buying. The Chicago Board of Trade’s most-active May wheat contract fell […] Read more
U.S. grains: Soy dips as farmers are expected to expand plantings
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures on Tuesday extended a setback from the nearly eight-month highs reached a day earlier, as wet weather fueled projections that farmers will plant more fields with the oilseed than previously expected. Rainy, cool conditions in the U.S. South and Midwest could prompt growers to switch one million to […] Read more
U.S. grains: Soybeans retreat from August peak
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures slumped on Monday as traders took profits after prices reached their highest point since August on technical buying and last week’s government forecast for lower-than-expected plantings. Corn prices ended mixed as traders digested the U.S. Department of Agriculture’s (USDA) estimate for much larger-than-expected U.S. plantings of the yellow […] Read more
U.S. grains: Soybeans, wheat extend gains after planting forecasts
Reading Time: 2 minutes Reuters — U.S. soybean and wheat futures rose on Friday as estimates of smaller-than-expected U.S. plantings spurred buying. Corn bounced off a 9-1/2-month low to finish up on bargain-buying. Chicago Board of Trade May soybeans rose 7-1/2 cents or 0.9 per cent to $9.18-1/4 a bushel, racking up a fifth straight weekly gain (all figures […] Read more
U.S. acreage plans not set in stone as corn price drops
Reading Time: 2 minutes Washington | Reuters –– U.S. farmers could plant more soybean acres than suggested in the government’s acreage forecast issued Thursday, as recent gains in the futures market tempted them to alter their corn-heavy seeding plans, growers and analysts said. The U.S. Agriculture Department report showed farmers intend to plant 93.601 million acres of corn this […] Read more
A message from April Stewart, Country Guide's Associate Editor
