Reading Time: 2 minutes Chicago | Reuters — U.S. corn tumbled the most since June and soybean futures extended declines to a one-month low on Tuesday as plentiful global stockpiles triggered massive liquidation of long positions by investment funds, traders and analysts said. Chicago Board of Trade March corn fell more than four per cent as commodity funds sold […] Read more
U.S. grains: Corn down most since June
U.S. grains: Soybeans fall most since June on big global supplies
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell more than three per cent on Monday, their largest daily decline since June, after a record supply outlook from the U.S. Department of Agriculture triggered investment fund liquidation. Chicago Board of Trade wheat futures also were lower on pressure from larger-than-expected global supply forecasts while corn reversed […] Read more
U.S. grains: Corn, soy gain on export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures firmed on Friday, supported by strong export demand, while wheat weakened slightly as traders evened up positions ahead of a key U.S. government report on crop production and supplies, traders said. Corn posted the biggest gain, rallying 1.5 percent. A round of pre-report short covering following […] Read more
U.S. grains: Wheat, corn slump as export demand weakens
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures fell 2.2 per cent to a six-week low on Thursday on poor export demand and easing concerns about crop damage despite sub-zero temperatures settling in across key U.S. growing regions, traders said. “Yes, it did get very cold overnight,” Joe Barker, market analyst at CHS Hedging said in […] Read more
U.S. grains: Corn drops as ethanol stocks build
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell 2.2 per cent on Wednesday, dropping below the key US$4 a bushel level on pressure from an industry report that showed demand from the ethanol sector was waning. Wheat futures also declined on concerns about a strong dollar hitting export demand for U.S. offerings amid an ample […] Read more
U.S. grains: Wheat up as temperatures drop
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures rose for a second day in a row on Tuesday on support from the deteriorating condition of the dormant crop and prospects for more damage from arctic temperatures across key growing areas, traders said. “The hard red winter wheat crop is in a tough spot right now,” Matt […] Read more
U.S. grains: Wheat, corn, soybeans surge on technical, bargain buying
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean, corn and wheat futures rallied on Monday, rebounding from sharp losses on a round of bargain buying, traders said. “People are coming back from holiday and saying ‘look at how hard things got hit’ and maybe thinking that it was a little overdone,” said A/C Trading Co. president Jim […] Read more
U.S. grains: Soybeans hit one-month low on technicals, rising world supply
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dropped to a one-month low on Friday on technical selling and pressure from rising global supplies as South American growers are expected to harvest bumper crops in the coming weeks. Technical selling also dragged corn and wheat prices to their lowest in three weeks, while a firmer U.S. […] Read more
U.S. grains: Bumper crops drag soy to biggest yearly loss in decade
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures fell Wednesday and ended 2014 with their biggest loss in a decade as bumper production in the U.S. and South America replenished global supply of the protein-rich oilseed. Corn and wheat also fell during the session and posted annual declines against a backdrop of ample worldwide supply. But […] Read more
U.S. grains: Wheat drops on technical selling, drags corn lower
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures tumbled on Tuesday on profit taking and technical selling and as the dollar’s strengthening against the euro added to already-challenging U.S. wheat export prospects. Corn followed wheat lower in a profit-taking setback after the market hit a near six-month high the previous day, while soybeans closed lower after […] Read more
A message from April Stewart, Country Guide's Associate Editor
