Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures sagged 1.5 per cent to their lowest in almost five months on Tuesday, with export demand for U.S. supplies fading amid the expanding harvest in Argentina and Brazil, traders said. “The fundamentals are not friendly here; the South American crops are coming in with good yields,” Charlie Sernatinger, […] Read more
U.S. grains: Corn, soy dive on export woes
U.S. grains: Wheat rallies on concerns about crop
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures rose for the sixth time in seven sessions on Monday on concerns about dry conditions in the U.S. Plains hindering growth as the winter wheat crop emerges from dormancy. Corn futures sagged due to pressure from lower-than-expected U.S. export inspections data. Soybeans also dropped as traders anticipated huge […] Read more
U.S. grains: Grains retreat as dollar soars
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures retreated on Friday after a five-session rally, led by declines in corn and soybeans as a surging dollar prompted broad weakness in commodities. The dollar set a fresh 12-year high against the euro on expectations of a Federal Reserve interest rate hike. At the Chicago Board of Trade, […] Read more
U.S. grains: Wheat extends rally on short-covering, dryness
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose for a fifth straight session on Thursday, hitting a 1-1/2-week high on short-covering and worries over potential yield losses due to poor weather in parts of the U.S. crop belt, analysts said. Corn and soybeans closed lower, with both commodities retreating from early gains on disappointing weekly […] Read more
CBOT weekly: Bullish U.S. dollar seen pinning grain futures
Reading Time: 2 minutes CNS Canada — Chicago Board of Trade corn and soybean futures remained largely unchanged over the past week but a bullish U.S. dollar, currently outperforming many of the world’s other currencies, will keep the long-term bias pointed lower, according to a U.S. analyst. “We’re going to need a weather event, we’re going to need a […] Read more
U.S. grains: Wheat rises to one-week high on dry U.S. Plains
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose 1.2 per cent to a one-week high on Wednesday, extending four-day gains to nearly four per cent on short-covering and concerns about dry weather in U.S. growing regions. Corn and soybeans also firmed, although renewed strength in the dollar capped rallies. At the Chicago Board of Trade, […] Read more
U.S. grains: Soybeans sag after monthly USDA report
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade soybean futures fell on Tuesday after the U.S. Department of Agriculture surprised analysts by leaving its forecast of domestic soy inventories unchanged in a monthly report. A strong dollar hung over the commodities sector, pressuring grains as well as crude oil and copper. But wheat closed higher, […] Read more
U.S. grains: Wheat up 1.6 per cent in bounce from contract lows
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures rose 1.6 per cent on Monday, bouncing off the previous session’s contract lows on bargain-hunting and short-covering ahead of a monthly U.S. government crop report. Soybeans and corn also climbed in largely technical buying ahead of the U.S. Department of Agriculture’s supply/demand report due on Tuesday. At the […] Read more
U.S. grains: Corn falls on stronger dollar, ample supplies
Reading Time: 2 minutes Reuters — Corn fell one per cent on Friday and soybeans weakened slightly due to ample supplies and a stronger dollar, which made U.S. exports pricier. U.S. wheat hit a contract low before prices rose modestly due to bargain-buying, traders said. The nearby contract posted a weekly loss of six per cent. Spread trades involved […] Read more
U.S. grains: Wheat falls to five-month low on dollar, big supplies
Reading Time: < 1 minute Reuters — Chicago wheat futures fell to their lowest nearby price in five months on Thursday, pressured by the stronger dollar and huge global supplies. Soybeans fell for the fourth straight session on bleak export prospects in the face of stiff competition, traders said. Corn finished slightly higher. Chicago Board of Trade May wheat dropped […] Read more
A message from April Stewart, Country Guide's Associate Editor
