Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell two per cent from a one-month top on Thursday on a round of profit taking, with plentiful global supplies allaying concerns about adverse crop weather in Australia and the Black Sea region, traders said. Corn futures edged lower, pressured by the expanding harvest of what is expected […] Read more
U.S. grains: CBOT wheat slides from one-month high
CBOT weekly outlook: Corn, soybeans feeling harvest pressure
Reading Time: 2 minutes CNS Canada — Chicago Board of Trade (CBOT) corn and soybean futures finished lower for the week ended Wednesday as the advancing harvest pressured already-low prices. The front-month soybean contract dropped to some of its lowest levels in more than six years. The rising strength of the U.S. dollar has made life difficult for U.S. exporters […] Read more
U.S. grains: Wheat nears one-month high on global weather worries
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures neared a one-month high on Wednesday on short-covering and poor weather in Australia and the Black Sea region that worried traders who have recently been focused on large global supplies. Corn and soybean futures ended little changed. Propelling wheat prices higher was dry weather that is threatening the […] Read more
U.S. grains: Soy futures fall as harvest pace picks up
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and soybean futures fell on Tuesday, under pressure from the expanding harvest around the U.S. Midwest as well as some profit-taking after rallying on Monday, traders said. Wheat futures also fell, but losses were kept in check as bargain buyers stepped into the market when prices hit their session […] Read more
U.S. grains: Wheat, corn rise on short-covering bump
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Monday, with the benchmark Chicago Board of Trade soft red winter wheat contract gaining 1.8 per cent, on a round of short-covering by investment funds as well as technical buying, traders said. “If you are looking for a fundamental reason for today’s price rally, look elsewhere, […] Read more
U.S. grains: Soybeans fall as harvest looms; wheat firms
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures fell on Friday and were down about 0.8 per cent for the week as farmers prepared to harvest a bumper crop in the Midwest, traders said. Corn followed soybeans lower while wheat futures firmed on short covering, despite ample global supplies. At the Chicago Board of Trade, November […] Read more
U.S. grains: Corn, wheat, soy drift lower in cautious trade
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures fell for a third day on Thursday as the harvest of an expected bumper crop expanded, but price movement was restrained as markets digested a Federal Reserve decision to leave U.S. interest rates unchanged. Wheat and soybean futures sagged on a lack of supportive fundamental news. All three […] Read more
CBOT weekly outlook: Corn, soybeans moving on technical trading
Reading Time: < 1 minute CNS Canada –– Corn and soybean futures at the Chicago Board of Trade (CBOT) are mostly moving on technical trading, profit-taking and good harvest weather. “It’s a technical trade; the range may have moved up a little bit higher than what we had thought,” said Scott Capinegro, senior broker with Highground Trading Group. Soybeans saw […] Read more
USDA probes release of incorrect data that pressured crop prices
Reading Time: 2 minutes Chicago | Reuters — A U.S. Agriculture Department (USDA) unit is reviewing its procedures after posting incorrect crop data online on Wednesday, an error that temporarily pressured grain prices. The Farm Service Agency (FSA) inadvertently issued the wrong data on crop acreage around 5 a.m. CT and posted corrected data four hours later. The agency […] Read more
U.S. grains: Corn, wheat fall for second day on harvest, ample supply
Reading Time: 2 minutes Chicago | Reuters — U.S. grains were lower on Wednesday, with both corn and wheat easing about one per cent for their second straight session of declines on pressure from the advancing corn harvest and plentiful global grain supplies. Soybeans reversed from earlier gains to turn narrowly lower, in light trading volumes in each commodity […] Read more
A message from April Stewart, Country Guide's Associate Editor
