Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose 1.4 per cent on Friday on a round of short-covering by speculators after price declines in three of the previous four sessions, traders said. “The big short contingent in the wheat market is definitely something to be reconciled with,” said Bill Gentry, a broker at Risk Management […] Read more
U.S. grains: Short-covering supports wheat but corn, soybeans fall
U.S. grains: Soy nears six-month low as USDA lifts stocks outlook
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Thursday to their lowest levels in nearly six months after the government lifted its outlook for global inventories slightly to a new record high. Concerns about slowing global demand added pressure to soybean prices, traders said. Corn and wheat prices also sagged. The U.S. Department of […] Read more
CBOT weekly outlook: Corn, soy watching weather for direction
Reading Time: 2 minutes CNS Canada –– Chicago Board of Trade corn and soybean markets moved lower during the week ended Wednesday, but stayed within their recent trading ranges. “We haven’t broken down out of a range yet, or broke to the upside,” said Scott Capinegro, president of Barrington Commodity Brokers in Barrington, Ill. “We are just flat and […] Read more
U.S. grains: Corn drops ahead of USDA report, wheat mostly lower
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell for the third day in a row on Wednesday as traders staked out positions ahead of a government report that was expected to boost projections for supplies of the grain at the end of the crop year, traders said. Chicago Board of Trade soybean futures were mixed, […] Read more
U.S. grains: Soy falls for third day in a row
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures eased on Tuesday on pressure from abundant global supplies and weakening demand for U.S. offerings on the export market, traders said. “The world supplies are still large. The crop in South America continues to grow as harvest continues to progress in Argentina,” said Don Roose, analyst […] Read more
U.S. grains: Technical sales, rain outlook pressure wheat
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures fell on Monday on a round of technical selling after posting their biggest weekly gain in 3-1/2 months, traders said. Corn and soybean futures also were weaker, pressured by robust global supplies and profit taking after posting modest gains during the overnight trading session. Wheat futures, which had […] Read more
U.S. grains: Wheat hits six-week high on dry weather worries
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures jumped to their highest level in six weeks on Thursday on worries that rains in the U.S. Plains next week will be insufficient to relieve intensifying drought conditions. Traders kept their eyes on weather forecasts after dryness in key parts of the Plains, including Nebraska and Oklahoma, sparked […] Read more
CBOT weekly: Corn, soy look to test post-report floors, ceilings
Reading Time: 2 minutes CNS Canada — Chicago Board of Trade corn and soybean futures saw choppy activity over the past week as traders had spent much of the period positioning themselves ahead of the release of the U.S. Department of Agriculture’s prospective plantings report. That choppiness is expected to continue as the market digests the report’s data and […] Read more
U.S. grains: Soy extends rally sparked by plantings report
Reading Time: < 1 minute Chicago | Reuters — U.S. soybean futures jumped 1.6 per cent on Wednesday, their third straight day of gains, as the U.S. government’s forecast for smaller-than-expected plantings of the oilseed continued to fuel buying. Corn and wheat also rose, rebounding from sharp losses on Tuesday as bargain buyers stepped in despite huge global supplies. A […] Read more
U.S. grains: Corn hit by one-two punch of plantings, stocks data
Reading Time: 2 minutes Chicago | Reuters –– A double-whammy of U.S. crop reports pegging corn plantings and inventories above traders’ estimates knocked down grain futures on Tuesday and fuelled forecasts for further price declines. Taken together, the data lifted expectations for corn supplies after U.S. farmers brought in a record harvest last year, signalling a boon for livestock […] Read more
A message from April Stewart, Country Guide's Associate Editor
