Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and soybean futures dropped on Monday as lighter-than-expected U.S. rainfall eased fears about soggy Midwest crops while worries over Greece and China led investors to shun many commodity markets. Corn prices pulled back from 2015 highs notched last week after heavy Midwest rains raised crop concerns and following a […] Read more
U.S. grains: Corn, soy slip on improved U.S. weather, Greece jitters
U.S. grains: Weather uncertainty lifts corn to six-month peak
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures rose to a six-month peak on Thursday, adding to strong gains earlier in the week as adverse weather in parts of the U.S. Midwest and Western Europe threatened crops. Prices for soybeans and wheat were mixed as investors squared positions ahead of the U.S. Independence Day holiday weekend […] Read more
U.S. grains: Wheat crumbles after hitting six-month high
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures plunged 4.4 per cent on Wednesday, with the front-month contract crashing from a six-month high as investors locked in profits from Tuesday’s corn-led rally, traders said. Corn closed mostly firmer after trading in negative territory for much of the day while soybeans […] Read more
U.S. grains: USDA data ignite biggest daily rallies in five years
Reading Time: 2 minutes Chicago | Reuters –– U.S. grain and soybean futures on Tuesday climbed to their highest prices since December after the U.S. Agriculture Department said crop stockpiles and spring plantings were smaller than analysts expected. Traders are keeping a close eye on supply data amid uncertainty about how big the autumn corn and soybean harvests will […] Read more
CBOT weekly outlook: Weather seen steering soybeans
Reading Time: 2 minutes CNS Canada — CBOT soybean futures posted solid gains over the past week, coming to a five-and-a-half month high on Tuesday. Weather guided the soybean trade, rather than the U.S. Department of Agriculture’s acreage and stocks reports. John Weyer, co-director of the commercial hedge division at Walsh Trading, said soybeans came in near or above […] Read more
U.S. livestock: Corn prices drop CME feeder cattle limit down
Reading Time: 2 minutes Chicago | Reuters — Thinly traded Chicago Mercantile Exchange feeder cattle futures closed down their 4.5-cent/lb. maximum daily limit on Tuesday, responding to steep corn market gains, traders said. Chicago Board of Trade corn futures jumped nearly eight per cent after the U.S. Department of Agriculture’s bullish grain report. Pricey corn could increase input costs […] Read more
U.S. grains: Wheat firms as rain slows harvest
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures rose 2.5 per cent on Monday, closing in positive territory for the sixth time in seven sessions on support from wet weather that has been delaying harvest in key U.S. growing areas, traders said. The concerns about the slow harvest, which was most pronounced in […] Read more
U.S. grains: Wheat ends week up 15 per cent on U.S., global weather woes
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures notched their biggest weekly advance in three years on Friday as worries about excessive rains in the Midwest and uncertainty over global crop prospects triggered aggressive fund short-covering, analysts said. Corn and soybeans also rose but pared gains as farmers took advantage of the rally and sold supplies […] Read more
U.S. grains: Corn, soy prices soar as storms drench U.S. Midwest
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures hit their highest level in two months and soybeans topped US$10 a bushel on Thursday on concerns about excessive rains in the U.S. Midwest curbing yield prospects, traders said. Wheat set a two-week high as the wet weather slowed the U.S. soft red wheat harvest, while dry weather […] Read more
CBOT weekly outlook: Soy, corn futures seen hinging on USDA data
Reading Time: < 1 minute CNS Canada — CBOT (Chicago Board of Trade) soybean futures posted solid gains over the past week, but backed away Wednesday, which could be a sign of further losses to come as market participants await direction from the U.S. Department of Agriculture’s acreage report on Tuesday. John Weyer, co-director of the commercial hedge division at […] Read more
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