Reading Time: 2 minutes Chicago | Reuters — U.S. soybeans ended lower on Friday as a jump in the dollar on strong employment data spurred technical selling, traders said. Additionally, forecasts of record soybean production in South America hung over prices. Corn and wheat closed slightly firmer on a pre-weekend short covering bounce. Wheat was underpinned by a pickup […] Read more
U.S. grains: Soybeans fall as dollar rises on jobs data
U.S. grains: Wheat up on prospects for Egyptian sales, softer dollar
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures climbed nearly three per cent on Thursday, buoyed by a softer dollar and hopes for U.S. sales of the grain to top buyer Egypt, traders said. Soybeans rose, led by strength in soyoil and Malaysian palm oil, while corn ended firm after a choppy session. […] Read more
CBOT weekly outlook: Strength in corn, beans to be short-lived
Reading Time: 2 minutes CNS Canada — Corn and soybean futures on the Chicago Board of Trade ended mostly higher during the week ended Wednesday; soybean futures saw slight gains, while advances in corn were more exaggerated. A sharp rally Tuesday lifted both markets to end higher for the week, with speculative short covering amid temporary U.S. dollar weakness […] Read more
U.S. grains: Soybeans slip as dollar firms, crude oil falls
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell 1.5 per cent on Wednesday, retreating from a three-week high notched Tuesday as the dollar rose, traders said. Outlooks for the driest areas of Brazil’s crop region calling for rain this week and the falling crude oil market also hurt soy prices. “Today, cooler heads prevailed and […] Read more
U.S. grains: Corn gets biggest boost of new year as dollar slips
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures climbed four per cent on Tuesday amid a broad-based rally in commodities led by crude oil as the dollar slipped to a near-two-week low on weaker domestic economic data, traders said. Chicago Board of Trade grain markets were overdue for a short-covering rebound after falling to […] Read more
U.S. grains: Markets sag under pressure from hefty global supplies
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures dropped to a four-month low on Monday while corn and soybeans hovered near multi-month lows as large crop inventories kept a lid on prices. Traders focused on hefty grain supplies as crop weather improved in South America, with scattered showers in Brazil easing concerns about drought curtailing soybean […] Read more
U.S. grains: Wheat, corn, soy fall on month-end fund selling
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, corn and soybean futures fell to multi-month lows Friday on commodity fund liquidation at the month’s end amid ample world stocks and fears of slowing growth, traders said. “We are building in record crops in South America, and we are washing out some spec length. Nobody can look at […] Read more
U.S. grains: Wheat rallies, rebounds from three-month low
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures rose on Thursday, halting a six-session slide and rebounding from a three-month low after the U.S. Department of Agriculture reported larger-than-expected weekly export sales. Corn and soybeans both closed lower. At the CBOT, March wheat settled up 2-1/2 cents at $5.07-3/4 per bushel, paring gains […] Read more
U.S. grains: Wheat falls on fund selling
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures fell 2.7 per cent on Wednesday to a three-month low on technical selling, plentiful global supplies and forecasts for rains in the U.S. Plains, analysts said. Soybean futures slid as soyoil prices hit their lowest in nearly six years, and corn also declined. At the […] Read more
U.S. grains: Soy falls as China cancels purchase, meal retreats
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade soybean futures fell one per cent on Tuesday on technical selling and on signs of slowing export demand for U.S. supplies, traders said. Corn and wheat also declined. At the CBOT, March soybeans ended down 9-3/4 cents at $9.73-3/4 per bushel (all figures US$). March corn fell […] Read more
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