Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures rose more than four per cent on Monday as dry conditions in parts of the U.S. Plains, coupled with hot weather this week, prompted investors to cover positions, traders said. Corn followed wheat up and soybeans closed fractionally higher as traders focused on a pair […] Read more
U.S. grains: Wheat up four per cent on dry Plains conditions
U.S. grains: Wheat rebounds ahead of USDA reports
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat climbed as much as two per cent in a bargain-buying bounce on Friday, rebounding after three sessions of steep declines that dragged futures into technically oversold territory. Soybean and corn futures each were lower at the Chicago Board of Trade (CBOT) with investors in all three trading pits squaring […] Read more
U.S. grains: Wheat down most in nearly two years on dollar rebound
Reading Time: 2 minutes Chicago | Reuters –– U.S. grain and soybean futures reversed early gains to turn lower on Thursday on pressure from a higher dollar, with wheat’s three-session decline of more than six per cent the biggest such slide in nearly two years. The U.S. dollar, which rose in a rebound from a three-week low, makes goods […] Read more
U.S. grains: Wheat drops on forecast, corn hits three-week high
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat fell for the third straight session on Wednesday, pressured by technical selling and forecasts for rains needed in the parched southern U.S. Plains growing region. But prices trimmed their losses while corn edged higher and soybeans lower in a choppy session at the Chicago Board of Trade (CBOT). The […] Read more
U.S. grains: Wheat tumbles after rally as rain monitored
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat tumbled as much as two per cent on Tuesday as investors took profits after the previous session’s five-week high and extended weather outlooks showed the possibility of crop-friendly rains in the U.S. and Russia. Soybean futures also were lower at the Chicago Board of Trade, pressured by record South […] Read more
U.S. grains: Soy, corn, wheat rise on weak dollar, short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean, corn and wheat futures climbed one per cent or more on Monday, extending gains from late last week as the dollar weakened and investors covered short positions. Dry weather in Russia and the southern U.S. Plains’ growing areas also underpinned wheat prices while corn futures climbed above several key […] Read more
U.S. grains: Corn, wheat, soybeans surge on falling dollar
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn, soybeans and wheat futures rallied on Friday as investors used a sharp drop in the dollar as an excuse to cover short positions ahead of the weekend, traders said. Investment funds had built up short positions in all three commodities at the beginning of the month as export demand […] Read more
U.S. grains: Soy, corn drop as dollar rises
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and soybean futures fell on Thursday, pressured by strength in the dollar that threatened to further chill already cool demand for U.S. exports, traders said. “It was all about the U.S. dollar today, as the night session gapped higher on big volume off dollar-related short covering, only to see […] Read more
CBOT weekly outlook: More downside possible for corn, soybeans
Reading Time: 2 minutes CNS Canada –– Chicago Board of Trade corn and soybean futures moved sharply lower during the week ended Wednesday, and could see more downside going forward. “As long as crude oil keeps on grinding lower, the U.S. dollar remains fairly strong, I think that prices have an opportunity to continue to grind lower as long […] Read more
U.S. grains: Soybeans, corn, wheat close higher after Fed statement
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean, wheat and corn futures rose on Wednesday, with the Federal Reserve’s announcement that it will be less patient in normalizing monetary policy jolting the market to session highs late in the trading day. Bargain buying and short covering also were supportive factors for the agricultural commodities. The Federal Reserve’s […] Read more
A message from April Stewart, Country Guide's Associate Editor
