Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures plunged six per cent and both corn and soybeans briefly fell their respective daily limits on Wednesday after the U.S. Department of Agriculture surprised traders by raising its estimates for domestic corn and soybean crops in a monthly report. Analysts surveyed by Reuters had expected USDA to lower its […] Read more
U.S. grains: Soy, corn tumble after USDA hikes U.S. yield forecasts
USDA sees bumper corn, soy crops despite floods
Reading Time: 2 minutes Washington | Reuters –– U.S. corn and soybean harvests were pegged above expectations this year as strong yields in areas west of the Mississippi River will make up for problems caused by excessive rains in eastern production states, the government said Wednesday. The U.S. Department of Agriculture forecast the 2015-16 soybean harvest at 3.916 billion […] Read more
U.S. grains: Corn follows broad weakness as crop ratings stabilize
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and soybean futures fell on Tuesday from two-week highs as stable crop ratings eased concerns about dry Midwest weather, while China’s devaluation of the yuan led to broad weakness in commodity markets. Wheat also slipped, one day after rallying in step with corn and soybeans despite signs of large […] Read more
U.S. grains: Corn, soy at two-week highs on weather worries
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade corn and soybean futures climbed to two-week highs on Monday amid concerns about stressful hot weather in the U.S. and Europe coupled with positioning ahead of a monthly U.S. government crop report, traders said. Wheat futures also advanced, following the firmer trend. A setback in the U.S. […] Read more
U.S. grains: Soybeans rally on eroding crop prospects
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures jumped more than two per cent on Friday and registered their first weekly gain in five weeks, helped by signs of improving export demand and expectations that the U.S. government will trim its harvest forecast in a monthly crop report next week. Corn and wheat futures firmed on […] Read more
U.S. grains: Soybeans, corn dip on disappointing exports, better weather
Reading Time: 2 minutes Winnipeg | Reuters — Soybean and corn futures slipped on Thursday, pressured by disappointing U.S. export sales, forecasts for mostly favorable Midwest weather and technical selling. Chicago Board of Trade (CBOT) wheat rose on better-than-expected export sales. “We had a nice bounce in corn and soybeans, so it’s a technical pullback,” said Arlan Suderman, senior […] Read more
CBOT weekly outlook: Corn, soy to weaken as harvest nears
Reading Time: 2 minutes CNS Canada –– Short-term corn and soybean futures have been bouncing due to dryness in the eastern U.S. corn belt, but as crops move into harvest, prices will likely fall, according to Brian Rydlund, market analyst at CHS Hedging Inc. The corn market is primarily being moved by ethanol bidders and buyers, Rydlund said. “Export-wise, […] Read more
U.S. grains: Prices advance on crop, weather worries
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures jumped on Wednesday as concerns about poor weather hurting autumn harvests fuelled a recovery from recent losses in the markets. The U.S. Department of Agriculture, in a crop report on Aug. 12, may trim its U.S. soybean acreage and ending stocks estimates because of excessive rains […] Read more
U.S. grains: Corn bounces off six-week low prior to crop forecasts
Reading Time: < 1 minute Winnipeg | Reuters — Corn futures edged higher on Tuesday, recovering from a six-week low as bargain-buying and an outlook for drier U.S. weather offset pressure from comfortable global supply. Chicago wheat and nearby soybeans failed to hold earlier gains. Grains were supported by dry conditions in parts of the eastern corn belt, and as […] Read more
U.S. grains: Soybean, corn futures fall; wheat mixed
Reading Time: 2 minutes Chicago/Reuters – Chicago Board of Trade soybean futures fell on Friday, pressured by profit-taking and the cancellation of an export deal with China, traders said. Wheat futures were mixed, with CBOT soft red winter wheat and K.C. hard red winter wheat edging higher on some end-of-month short-covering. MGEX wheat fell on forecasts for a bumper crop […] Read more
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