Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures extended losses to the lowest levels in a week on Thursday, pressured by gains in the dollar and after the U.S. Department of Agriculture raised its supply outlook. Soybeans and corn also eased as the stronger greenback made U.S. goods less attractive in international markets. The dollar climbed […] Read more
U.S. grains: Wheat slips to one-week low on raised supply outlook
U.S. grains: Wheat falls most in two weeks as USDA boosts supply outlook
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures tumbled more than three per cent for their largest losses in two weeks on Wednesday after the U.S. Department of Agriculture boosted its production forecast for the winter wheat crop in a monthly supply and demand report. Corn futures posted their largest daily declines since March at the […] Read more
U.S. grains: Wheat touches two-month high on harvest bets
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures jumped as much as one per cent on Tuesday, extending gains from the previous session to a two-month high as investors bet that heavy rains would hit yields of the winter wheat crop in the southern U.S. Plains. Soybeans also rose, reaching a three-week peak as a broad-based […] Read more
U.S. grains: Wheat adds two per cent gain to weather-related rally
Reading Time: 2 minutes Reuters — Chicago wheat futures climbed two per cent on Monday, extending last week’s rally on worries over potentially lower crop yields in the U.S. Plains. Wheat’s gains helped pull corn and soybeans close to the multi-week highs they touched on Friday. Weather concerns encouraged investors to cover short positions, said Mark Schultz, chief analyst […] Read more
U.S. grains: Profit-taking weighs on soybeans, corn, wheat
Reading Time: < 1 minute Chicago | Reuters — U.S. corn, wheat and soybean futures fell on Friday on end-of-week profit-taking and technical selling, traders said. It was the first time all three commodities posted losses on the same day since May 26. Some position-squaring ahead of the U.S. Agriculture Department’s monthly supply and demand report on Wednesday was noted. […] Read more
U.S. grains: Weather concerns prompt short-covering in wheat
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade wheat futures jumped 2.3 per cent on Thursday, posting their third gain in the last four sessions as some weather concerns provided the impetus for traders to cover short positions. The forecast for more rain, which could slow the tail end of seeding in parts of the […] Read more
CBOT weekly outlook: Soybeans to break below US$9 before summer half over
Reading Time: 2 minutes CNS Canada –– The Chicago Board of Trade (CBOT) soybean market showed some short-covering-related firmness during the week ended Wednesday, but the bias is still pointed lower for the oilseed. “We could actually see the beans trade down to the low $9, then to an $8 handle. Maybe $8.90 would be my initial target for […] Read more
U.S. grains: Wheat, soybeans sag after rally
Reading Time: < 1 minute Chicago | Reuters — U.S. wheat futures fell on Wednesday, shrugging off weakness in the dollar as investors locked in profits following two days of sharp gains, traders said. Soybean futures ended lower, too, pressured by commercial hedging after farmers booked sales on the cash market following a rally that pushed futures prices to their […] Read more
U.S. grains: Lower greenback sparks rally in wheat, corn, soy
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn, soybean and wheat futures rallied on Tuesday, supported by a steep decline in the U.S. dollar that made all three commodities more attractive to investors looking for a hedge against inflation, traders said. Wheat notched the biggest gain, with the front-month Chicago Board of Trade (CBOT) contract surging 3.8 […] Read more
U.S. grains: Short-covering sparks rally in wheat
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures rallied 3.4 per cent on Monday, bouncing off of their lowest in nearly three weeks, on a round of short-covering, traders said. “Frankly this market was struggling to go down,” Arlan Suderman, senior market analyst at Water Street Solutions, said. “When you run out of sellers because they […] Read more
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