Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures fell to the lowest levels in about a month while corn and soybeans also eased on Monday, pressured by forecasts for crop-friendly rains and plentiful global supplies, traders and analysts said. Showers this week were likely to benefit parched wheat fields in Russia and the southern U.S. Plains […] Read more
U.S. grains: Wheat hits four-week low as relieving rains forecast
U.S. grains: Wheat falls below $5 on global supply, forecasts
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade wheat futures fell roughly two per cent on Friday, dropping below US$5 a bushel amid plentiful global supplies and forecasts for timely rains in the U.S. Plains, analysts said. Corn firmed after hitting a one-month low ahead of a busy U.S. harvest weekend. Soybean futures fell on […] Read more
Feed: Ukraine, U.S. corn harvest advancing
Reading Time: < 1 minute CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Friday, Oct. 16. • CBOT corn futures were posting small losses at midday Friday, with the December contract quoted at US$3.74 per bushel, as the advancing U.S. harvest and relatively favourable yield reports weighed on values. • Ukraine […] Read more
U.S. grains: Corn at three-week low, soy sags on harvest pressure
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures fell to the lowest in more than three weeks and soybeans also eased, pressured by the ongoing Midwest harvest, while wheat fell one per cent in subdued trading on Thursday. At the Chicago Board of Trade, December corn settled down 3-1/2 cents at $3.75-1/2 per bushel after dipping […] Read more
U.S. grains: Wheat falls on technical selling, rainy forecasts
Reading Time: 2 minutes Chicago | Reuters –– U.S. soft red wheat futures fell two per cent on Wednesday on profit-taking coupled with forecasts for beneficial rains next week in parts of the southern Plains and the Black Sea region, analysts said. Corn fell in sympathy with wheat and amid U.S. harvest progress while soybeans drifted lower, one day […] Read more
CBOT weekly outlook: Corn, soy move on weather, interest from China
Reading Time: 2 minutes CNS Canada –– It’s a game of follow-the-leader in corn and soybean markets at the Chicago Board of Trade, according to one analyst — and short-term, neither looks especially bullish. “Beans have been the leader, corn is the follower, because we’re getting into the teeth of harvest,” said Scott Capinegro, senior broker for HighGround Trading […] Read more
U.S. grains: Soybeans top US$9 on Chinese demand
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures traded at the highest levels in nearly two months, topping US$9 a bushel on fresh export demand from top buyer China and global weather worries, analysts said. Wheat and corn also climbed, with wheat up more than two per cent after a four-session slide. At the Chicago Board […] Read more
U.S. grains: Corn to two-week low as U.S. harvest ramps up
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell to a two-week low on Monday on expectations of strong harvest progress in the Midwest and inter-market spreading against soybeans, traders said. Soybean futures closed firm on follow-through buying after a smaller-than-expected U.S. government crop estimate last week but pared gains by the close. Wheat posted modest […] Read more
U.S. grains: Soy jumps on USDA’s surprising cut in acres
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures jumped to a one-week high on Friday after the U.S. Department of Agriculture lowered its domestic production estimate more than analysts had expected. Corn futures touched a two-week low on bigger-than-expected U.S. production and inventory estimates in the agency’s monthly crop reports. USDA surprised traders in both markets […] Read more
U.S. grains: Harvest pressure hits prices before crop reports
Reading Time: 2 minutes Chicago | Reuters — U.S. grain futures on Thursday extended a setback from 10-week highs reached a session earlier, pressured by an influx of fresh supplies from U.S. harvests and profit taking ahead of the release of highly anticipated crop data. Soybeans also fell, snapping a three-day rally before the U.S. Department of Agriculture issues […] Read more
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