Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures plunged 3.3 per cent on Friday, their biggest decline in nearly two months, on more signs of poor export prospects for U.S. supplies, traders said. Corn and soybean futures also fell, weighed down by a round of end-of-week profit-taking following solid gains on Thursday. But wheat notched the […] Read more
U.S. grains: Wheat, corn, soybeans close week lower
U.S. grains: Soybeans set five-week high on predicted drop in plantings
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures jumped to a five-week high on Thursday after the U.S. Agriculture Department projected farmers will plant fewer acres than traders expected in response to falling prices. Corn futures also advanced, while wheat finished flat to lower. USDA, in data released at its annual Agricultural Outlook conference, projected 2015-16 […] Read more
Large unpriced corn, soy stocks seen overhanging Chicago futures
Reading Time: 2 minutes CNS Canada — Chicago Board of Trade (CBOT) corn and soybean futures saw choppy activity over the past week but large unpriced supplies of both commodities, held by farmers across the U.S. Midwest, will keep the long-term bias pointed lower, one analyst says. One trader said a lack of fundamental news and strength in the […] Read more
U.S. grains: Wheat tumbles after Egypt cancels U.S. tender
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat tumbled as much as two per cent on Wednesday, with benchmark Chicago Board of Trade (CBOT) futures falling the most in a week after top global wheat importer Egypt cancelled a tender seeking supplies from the U.S. Overbought technical conditions and profit-taking also pressured prices, with CBOT corn and […] Read more
U.S. grains: Soy hits one-month high on soymeal gains, NOPA data
Reading Time: 2 minutes Chicago | Reuters — U.S. soybeans climbed to a one-month peak on Tuesday, lifted by a three per cent spike in soymeal futures and data showing near-record domestic crushings of the beans in January, traders said. Wheat futures were mixed, with some contracts turning lower after earlier hitting three-week highs on a short-covering bounce. Corn […] Read more
U.S. grains: Soybeans, corn, wheat rally to end week
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures rose for the third consecutive day on Friday as demand for U.S. stocks of the oilseed remained strong while overseas buyers waited for supplies from the South American harvest to hit the market, traders said. Wheat futures jumped on a round of short covering but remained stuck in […] Read more
U.S. grains: Soybeans rise on exports; corn, wheat weak
Reading Time: 2 minutes Chicago | Reuters –– Soybean futures firmed Thursday on signs that export demand for U.S. supplies remained robust despite expectations of bumper harvests in Argentina and Brazil, traders said. Wheat and corn futures were weaker, pressured by ample global supplies, but both commodities remained within recent ranges. Soybeans received an additional boost from technical buying […] Read more
U.S. grains: Soybeans, wheat turn higher on bargain buying
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and soybeans were narrowly higher on Wednesday, rebounding from losses earlier in the session on support from bargain buying and active spread trading after prices tumbled following a bearish government crop report released on Tuesday. Corn futures trimmed losses but still finished lower at the Chicago Board of Trade, […] Read more
U.S. grains: Wheat falls one per cent on USDA outlook
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell 1.5 per cent on Tuesday, declining for the first time in four sessions after the U.S. Department of Agriculture in a monthly report estimated world ending stocks larger than analysts anticipated. Soybean futures shed one per cent while corn was narrowly lower. Prices for all three crops […] Read more
U.S. grains: Corn, soy rise on short-covering ahead of USDA report
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn and soybean futures edged higher on Monday, lifted by investor short-covering and position-squaring ahead of the monthly U.S. Department of Agriculture supply and demand report due on Tuesday. USDA said earlier that top soybean importer China purchased 120,000 tonnes of the grain within 24 hours, while analysts at AgRural […] Read more
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