Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures sank 1.3 per cent on Tuesday, flirting with five-year lows after rain in key production areas boosted harvest prospects as the crop nears maturity, traders said. Poor export demand for U.S. supplies and strong yield projections from early results of a crop tour through Kansas also pressured the […] Read more
U.S. grains: Wheat falls as weather improves
U.S. grains: Soybeans rise on soyoil rally; wheat, corn drop
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures rose 1.3 per cent on Monday, following a sharp rally in soyoil that stemmed from talk of rising demand on the export market. “I’ve heard some talk that China has an increased appetite for (soy)oil, said Bill Gentry, broker at Risk Management Associates. “That has given some value […] Read more
U.S. grains: Corn falls to lowest since October on rapid plantings
Reading Time: 2 minutes Chicago | Reuters –– U.S. grains shed as much as one per cent on Friday as investors sold off positions on the first day of May amid bearish headwinds of rapid pace of spring plantings and a strong dollar that could limit export prospects. Chicago Board of Trade corn futures fell to the lowest levels […] Read more
U.S. grains: Wheat slumps on record-large export cancellations
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat fell as much as two per cent on Thursday, capping its second straight monthly decline on pressure from improving crop conditions in the southern U.S. Plains and disappointing weekly export sales. Corn and soybeans also were lower at the Chicago Board of Trade, weighed down by favourable weather for […] Read more
U.S. grains: Corn, wheat rebound on technicals, dollar declines
Reading Time: 2 minutes Chicago | Reuters — U.S. grains jumped as much as one per cent on Wednesday, with corn rebounding from a six-month low and wheat from a nearly five-year low on support from short covering and a weaker U.S. dollar. Soybeans also gained at the Chicago Board of Trade, buoyed by a strike of boat captains […] Read more
CBOT weekly outlook: Soybean/corn ratio too wide, expected to narrow
Reading Time: 2 minutes CNS Canada — The widening spread between corn and soybean futures at the Chicago Board of Trade (CBOT) should be supportive for corn but a bearish factor in soybeans, as the two crops have moved in opposite directions over the past week, according to an analyst. Soybeans moved to their highest levels in a month […] Read more
U.S. grains: Wheat higher on short-covering after nearly five-year low
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures were narrowly higher on Tuesday, rising in a short-covering bounce after tumbling to their lowest levels since June of 2010 earlier in the session. Bargain buying, coupled with a weaker dollar, offset pressure from stable U.S. crop conditions and recent rains in dry portions of the southern Plains. […] Read more
U.S. grains: Corn, wheat fall to six-month lows on weather
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and wheat futures fell on Monday to their lowest levels since October, on outlooks for speedy corn plantings in the U.S. Midwest and crop-friendly rains in the southern Plains wheat belt. Chicago Board of Trade (CBOT) corn futures extended declines to their sixth straight session amid forecasts for dry […] Read more
U.S. grains: Corn drops to five-month low on good planting weather
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures dropped to a five-month low on Friday in a fifth straight losing session on expectations for a rapid advance in corn planting as forecasters expect mostly clear weather across the U.S. Midwest in the coming days. Soybeans surrendered all of the previous session’s gains as worries abated that […] Read more
Daily price limits revised for CBOT grains futures
Reading Time: < 1 minute Chicago | Reuters — Daily price limits for Chicago Board of Trade (CBOT) corn and wheat futures will rise starting in May, while soybean limits will not change following a semi-annual review, CBOT parent CME Group said Thursday. Under exchange rules, the CBOT resets daily limits for grains and oilseeds in May and November of […] Read more
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