Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures fell on Friday and posted a second straight weekly decline after the U.S. government lowered its targets for ethanol blending and as corn export demand slumped for the crop harvested this autumn. Soybeans rose about one per cent, led by sharply higher soybean oil futures as the U.S. […] Read more
U.S. grains: Corn drops, soybeans rise on new biofuel targets
U.S. grains: Corn rebounds on short-covering, bullish ethanol data
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures on Thursday rebounded from a seven-month low after three days of declines in a short-covering bounce and following a government report showing higher ethanol output and lower stocks of the corn-based biofuel. Wheat futures were mixed as a weaker dollar and concerns about the outlook for crops in […] Read more
CBOT weekly outlook: Corn, soy under pressure amid abundant supplies
Reading Time: 2 minutes CNS Canada — Chicago Board of Trade corn and soybean markets drifted lower during the week ended Wednesday and are expected to remain under pressure in coming weeks. The softness in both markets is likely because of large domestic and global supplies for corn and soybeans, said Ken Ball of PI Financial in Winnipeg. “Buyers […] Read more
U.S. grains: Wheat sinks to two-week low on winter crop rating
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures fell for the third straight session on Wednesday, hitting a two-week low on big global supplies and a government report that pegged U.S. winter wheat crop ratings above market expectations. Corn also slumped to a seven-month low on spillover pressure from sinking wheat and positive U.S. crop ratings, […] Read more
U.S. grains: Wheat plunges on dollar rally, technical selling
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures plunged more than four per cent on Tuesday as pressure from a strong dollar and technical selling outweighed concerns about crop damage due to heavy rain in the southern U.S. Plains. Corn prices slid about 1.5 per cent on spillover weakness from tumbling wheat and generally favourable crop […] Read more
U.S. grains: Soy, corn, wheat tumble as U.S. dollar firms
Reading Time: 2 minutes Chicago | Reuters — U.S. grains and oilseeds fell more than one per cent on Friday, with soybeans tumbling to the lowest levels since October in a broad commodities selloff as the dollar rallied against a basket of global currencies. Soybeans, corn and wheat each reversed earlier gains and fell to session lows as the […] Read more
U.S. grains: Wheat jumps on global weather worries, corn follows
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures rose more than one per cent on Thursday, lifted by worries that U.S. rains could reduce grain quality and that dry conditions in Russia and Canada would stress crops. Chicago Board of Trade corn futures also jumped, rising in sympathy with wheat, while soybeans were nearly unchanged, anchored […] Read more
CBOT weekly outlook: Soy, corn grind lower, watching weather
Reading Time: < 1 minute CNS Canada –– Great spring seeding conditions across much of the U.S. Midwest have weighed on soybean and corn futures at the Chicago Board of Trade — and the nearby bias remains pointed lower, barring a weather scare, according to an analyst. “The good growing conditions will keep (soybeans and corn) grinding lower,” said Terry […] Read more
U.S. grains: Soy at seven-month low, corn weak on favourable weather
Reading Time: 2 minutes Chicago | Reuters — U.S. soybeans fell to seven-month lows and corn to one-week lows on Wednesday, pressured by forecasts for nearly ideal growing conditions for the crops next week. Temperatures were seen warming up by next week after a chill that supported prices earlier this week. Coupled with recent rainfall in the U.S. Midwestern […] Read more
U.S. grains: Soybeans fall to contract lows on speedy plantings
Reading Time: 2 minutes Chicago | Reuters — U.S. soybeans fell to contract lows while corn eased 1.7 per cent on Tuesday, pressured by faster-than-normal spring plantings and overall favourable crop conditions in the U.S. Wheat futures tumbled two per cent at the Chicago Board of Trade, with all three markets reversing from gains in the previous session as […] Read more
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