Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures plunged more than four per cent on Thursday in the market’s steepest drop since mid-August after the U.S. Agriculture Department forecast 2016 planted acreage well above trade expectations. Soybeans firmed on USDA’s lower-than-expected soybean acreage and quarterly stocks estimates, although gains were limited by spillover pressure from corn. […] Read more
U.S. grains: Corn tumbles four per cent on acreage forecast shock
CBOT weekly outlook: Corn, soybeans await data
Reading Time: 2 minutes CNS Canada — Soybeans and corn at the Chicago Board of Trade have been edging higher on investor short-covering ahead of a key report from the U.S. Department of Agriculture. While trade estimates are bearish for both of those markets, highly-anticipated reports often throw curveballs at investors, one analyst says. Soybeans – “This report is […] Read more
U.S. grains: Wheat drops from two-week high
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures tumbled more than two per cent on Wednesday, erasing two sessions of gains, as forecasts for rain in some dry areas of the southern Plains eased concerns about reduced yields. Corn and soybeans also declined as traders adjusted positions ahead of the U.S. Agriculture Department’s planting intentions and […] Read more
U.S. grains: Wheat extends gains on dry, chilly weather
Reading Time: 2 minutes Reuters — Chicago wheat climbed on Tuesday to add to sharp gains a day earlier as the market assessed the risk of yield losses to U.S. crops due to a combination of dry and cold weather. Corn finished stronger and touched a nearly two-month high, with traders digesting news that China is to scrap its […] Read more
U.S. grains: Wheat jumps as Plains dryness sparks short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures jumped nearly two per cent on Monday on technical buying and short-covering amid concerns about adverse weather in parts of the winter wheat belt that could damage developing crops. Corn firmed slightly as spillover support from rallying wheat offset concerns about abundant global feed grain stocks and a […] Read more
U.S. grains: Soybeans jump on soymeal exports
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybeans were higher on Thursday, reversing from earlier losses as soymeal rallied on U.S. Department of Agriculture data showing the largest weekly soymeal sales in about 13 years. Wheat and corn prices were little changed as investors squared positions in relatively light dealings ahead of the Good Friday holiday, when […] Read more
CBOT weekly outlook: Beans choppy ahead of data, corn sideways
Reading Time: 2 minutes CNS Canada –– Chicago Board of Trade corn prices are set to trade sideways over the course of the week as the market awaits fresh news, but that staleness is in direct contrast with the turbulence in soybeans. Soybeans – “They’re going to trade pretty choppy,” said Terry Reilly at Futures International. Soybeans should feel […] Read more
U.S. grains: Soy, wheat, corn fall on profit-taking, dollar gains
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and oilseed prices fell on Wednesday, with soybeans retreating from five-month highs as investors took profits and as a rising dollar made the commodities more expensive in global markets. Soybeans declined for the first time in six sessions, giving back a portion of their recent gains as harvest advanced […] Read more
U.S. grains: Soy hits five-month high on technicals, fund buying
Reading Time: 2 minutes Chicago | Reuters — U.S. grain prices were mostly higher on Tuesday, with soybeans rising to their highest since October, on technical buying and worries that cold temperatures could damage crops in the southwestern portion of the Great Plains wheat belt. Corn and wheat trimmed earlier gains on light selling from technical traders and from […] Read more
U.S. grains: Wheat jumps as colder weather threatens crop
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat jumped as much as one per cent on Monday, led by gains in K.C. hard red winter wheat as extremely cold weather threatened to curb yields in parts of the southern U.S. Plains growing region already suffering from dry conditions. Wheat futures pared early gains on technical selling, keeping […] Read more
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