Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures declined on Monday on technical selling and profit-taking after stronger-than-expected weekly export sales earlier lifted the market to its highest in nearly six months. Soybeans also turned lower after earlier hitting a 6-1/2 week high, pressured by technical selling and easing soymeal prices. Wheat futures closed higher for […] Read more
U.S. grains: Corn drops from peak, soybeans turn lower
U.S. grains: Corn reaches new five-month high, wheat advances
Reading Time: 2 minutes Chicago / Reuters – U.S. corn futures on Tuesday jumped to a new five-month high for the second consecutive session on increasing global demand and wheat advanced amid uncertainty about the impact of Russian export restrictions. Soybean futures also were firmer in thin volume before the Christmas holiday on Thursday. Nearby March corn futures hit a session high of […] Read more
U.S. Grains: Profit taking pulls U.S. wheat lower, soy sags
Reading Time: 2 minutes U.S. wheat futures fell 3.5 per cent on Friday, stepping back from their highest in more than six months on a round of profit-taking ahead of a holiday-shortened week, traders said. The drop in wheat weighed on corn, but signs of strong export demand limited selling in the yellow grain. Soybeans also were weak on forecasts for crop-boosting rain in […] Read more
U.S. grains: CBOT wheat extends rally, corn hits highest since July
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Thursday, extending a winning streak spurred by concerns about Russia cutting back on its overseas shipments, traders said. Corn and soybean futures also firmed, with corn hitting its highest since July 7 during the session. Improving export prospects following China’s approval of some genetically modified strains […] Read more
CBOT weekly: Chinese demand weighs on corn, soy
Reading Time: 2 minutes CNS Canada — As the price of oil falls and wheat surges in price due to volatility in Russia, investors in corn and soybean markets are looking to China for near-term direction just days before the calendar year comes to an end. Corn futures at the Chicago Board of Trade finished higher during the week […] Read more
U.S. grains: Wheat hits six-month high on Russia worries
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures surged four per cent on Wednesday, rising for a fifth straight session on worries that Russia, a key global supplier, might restrict exports to cool domestic prices, traders said. Strong U.S. ethanol production bolstered corn, while soybeans firmed on technical buying. CBOT March wheat settled […] Read more
U.S. grains: Wheat up two per cent on Russia export uncertainty, technicals
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade wheat futures rose two per cent on Monday on a mix of chart-based buying and uncertainty over Russian grain export policy, traders said. Soybeans fell, pressured by a monthly industry report showing a smaller-than-expected November soy crush. Corn ended higher, but gains were limited by stepped-up farmer […] Read more
U.S. grains: Corn soars to five-month peak on technicals, fund buying
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures surged more than two per cent on Friday, with the benchmark contract rising above US$4 a bushel to its highest in nearly five months, fueled by technical buying and heavy buying by commodity funds. Wheat futures extended a rally to move above the psychological $6-a-bushel barrier as buying […] Read more
U.S. grains: Soybeans fall in profit-taking despite smaller USDA stocks outlook
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybeans fell more than one per cent on Wednesday, reversing a one-month high in a profit-taking sell-off following a U.S. Department of Agriculture report that showed smaller-than-expected ending stocks of beans. Corn and wheat futures also eased at the Chicago Board of Trade, with corn hitting session lows in the […] Read more
U.S. grains: Soybeans top one-week high, corn retreats from gains
Reading Time: 2 minutes Chicago | Reuters — Concerns about tight U.S. soy supplies drove soybean futures to their highest level in more than a week on Monday, while corn futures retreated for the first time in four sessions. Wheat rose on technical and fund-driven buying. Soybeans advanced on strong demand for soymeal and expectations that the U.S. Department […] Read more
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