Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade wheat futures fell on Wednesday after a seesaw session, pulled down by profit-taking from a two-week peak and as the hard red winter wheat harvest expanded in the U.S. southern Plains, traders said. Corn and soybeans also declined, reversing midsession gains as producers sold old-crop supplies. But […] Read more
U.S. grains: Wheat falls on profit-taking after two-week high
U.S. grains: Wheat soars as rains threaten Midwest’s harvest
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures jumped about four per cent on Tuesday on technical buying coupled with concerns about rains delaying the Midwest harvest, traders said. Corn set a five-week high on declining U.S. crop conditions while nearby soybeans fell on softening cash values and stepped-up farmer selling. At the Chicago Board of […] Read more
U.S. grains: Soybeans hit six-week high on weather jitters
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to a six-week high on Monday on concerns about tightening old-crop supplies and excessive rains trimming new-crop yield prospects, traders said. Wheat and corn also rose. At the Chicago Board of Trade, the July soybean contract settled up 18 cents at $9.89-1/2 per bushel after reaching $9.90, […] Read more
U.S. grains: Corn falls on improving weather view
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures fell on Friday, setting back from a three-day rally on a round of profit-taking after prices hit their highest in more than a month, traders said. Corn futures also fell, pressured by forecasts for drier weather and rising temperatures that will foster corn development. CBOT […] Read more
U.S. grains: Soy rallies on short-covering, planting woes
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for the third day in a row on Thursday, touching their highest in more than five weeks on concerns that dry weather will arrive too late to allow for planting in rain-soaked areas of the Midwest, traders said. Traders said the excess moisture could force farmers to […] Read more
CBOT weekly outlook: Weather issues dominate corn, soy in short term
Reading Time: 2 minutes CNS Canada –– Excess moisture across broad swaths of the the U.S. Midwest and southern Plains has dampened the outlook for U.S. corn and soybean crops in the near future. Both crops finished higher on the Chicago Board of Trade (CBOT) to cap off the week ended Wednesday; however, the current outlook is dim, according […] Read more
U.S. grains: CBOT corn, soy, wheat rise on weather outlook
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures rose on Wednesday as concerns about rain forcing some farmers to dial back their plantings sparked a round of short-covering, traders said. Corn and wheat futures also closed higher, supported by technical buying as well as some weather-related concerns. Soybeans, which notched a second straight day of double […] Read more
U.S. grains: Soybeans rally as planting slows, crop concerns emerge
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures rose as much as 2.5 per cent on Tuesday, supported by the U.S. Department of Agriculture’s cut to crop ratings and its report showing planting has fallen behind the typical pace, traders said. Corn futures rose too, firming on bargain buying after posting a sharp […] Read more
U.S. grains: Weather view weighs on CBOT corn, wheat
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures sank 2.9 per cent on Monday, hitting a two-week low on expectations that drier conditions in the U.S. Plains will allow farmers to harvest a bumper crop, traders said. Corn futures also fell, hitting new contract lows amid pressure from good weather for crop development […] Read more
U.S. grains: Wheat falls as supply risks ease
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to their lowest level in 1-1/2 weeks on Friday, surrendering more gains from a recent rally, weighed down by plentiful supplies and slow export sales. Corn and soybean prices also eased, with overall favourable U.S. crop conditions contributing to the downward pressure on prices. Wheat slid from […] Read more
A message from April Stewart, Country Guide's Associate Editor
