Reading Time: 2 minutes Reuters — Chicago wheat futures rose on Wednesday, as short-covering and a weaker U.S. dollar buoyed prices after a two-day slide, while a U.S. government report held corn in check. Corn eked out only a tiny gain, after the U.S. Department of Agriculture raised its outlook for domestic corn supplies by 25 million bushels, more […] Read more
U.S. grains: Wheat rises on weaker dollar, stocks check corn
U.S. grains: Soybeans sink on liquidation ahead of USDA report
Reading Time: 2 minutes Chicago | Reuters — U.S. soybeans extended losses on Tuesday to touch a one-week low on long liquidation and technical selling ahead of a monthly government supply and demand report, more than offsetting strong import demand from China. Corn ticked up, recovering slightly from Monday’s slide of more than two per cent as traders unwound […] Read more
U.S. grains: Corn, soy drop from multi-week highs on profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Monday for the first time in six sessions and corn dropped after two sessions of gains on profit-taking and as traders took positions ahead of a government crop report due later this week. Wheat futures closed lower as earlier technical buying and short-covering support faded amid […] Read more
U.S. grains: Corn, wheat extend gains on technical buying
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and wheat rose on Friday, extending steep gains from the previous session on technical buying while soybeans jumped to a one-month high on large export sales of soybeans to China. Thursday’s rally in grains at the Chicago Board of Trade was tied to a steep drop in the dollar, […] Read more
U.S. grains: Wheat surges on short-covering on tumbling dollar
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat surged more than two per cent on Thursday, snapping a six-session losing streak as investors covered short positions and the dollar tumbled after the European Central Bank acted to fight low inflation. Corn futures also jumped, while soybeans shook off earlier losses to turn narrowly higher at the Chicago […] Read more
U.S. grains: Wheat falls to 5-1/2 year low on rising dollar
Reading Time: 2 minutes Chicago | Reuters — U.S. grains fell on Wednesday, with wheat prices hitting the lowest levels since June 2010 as a rising dollar made the cereals less attractive in global markets, traders said. Wheat now has declined six sessions in a row, shedding more than eight per cent in the worst such skid since July […] Read more
CBOT weekly outlook: Corn has upside potential, soy rangebound
Reading Time: < 1 minute CNS Canada –– Corn and soybean futures at the Chicago Board of Trade are moving based on demand, which indicates corn will move higher while soybeans stay steady, according to a U.S.-based analyst. Traders are looking to the next U.S. Department of Agriculture (USDA) supply and demand report, due out Wednesday (Dec. 9), according to […] Read more
U.S. grains: Soybeans, corn climb, rallying from last week’s lows
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures hit three-week highs on Monday on bargain buying and a technical rebound from long-term lows established last week, traders said. Corn also firmed at the Chicago Board of Trade while wheat ended mixed, with nearby contracts pressured by larger-than-expected deliveries against the December contract. At the CBOT, January […] Read more
U.S. grains: Wheat tumbles ahead of deliveries, pressured by dollar
Reading Time: < 1 minute Reuters — Chicago wheat futures fell to a 2-1/2-month low on Friday, pressured by expectations of big deliveries next week and strength in the U.S. dollar, during a shortened trading session after the U.S. Thanksgiving holiday. Expectations of big wheat deliveries, starting with first notice day on Monday for December contracts, weighed on the market, […] Read more
CBOT weekly outlook: Corn, soy seek direction
Reading Time: < 1 minute CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved higher during the week ended Wednesday, but both commodities remain rangebound overall and looking for an outside spark to push values significantly one way or the other. January soybeans moved above their 20-day moving average on Wednesday, which triggered some additional […] Read more
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