Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to one-week highs on Thursday as plans for Beijing and Washington to hold fresh trade talks raised hopes for U.S. soy sales to China after being stalled by a tariff dispute. The rally in soybeans also helped wheat and corn futures rise, traders said, after China’s Ministry […] Read more
U.S. grains: Soy climbs as U.S., China plan to restart trade talks
CBOT weekly outlook: Corn, soy run into strengthening U.S. currency
Reading Time: < 1 minute CNS Canada — The growing currency crisis in Turkey is starting to impact other economies throughout the world, and by extension commodities such as soybeans and corn. As the Turkish lira drops in value, many investors have begun to put their money into the U.S. currency. It’s a common move when markets are troubled as […] Read more
U.S. grains: Wheat, soy fall on firmer dollar, rains
Reading Time: 2 minutes Chicago | Reuters — U.S. grains and oilseed futures fell on Wednesday, pressured by broad selling in commodities and equities as a firmer dollar prompted worries about export prospects for U.S. supplies, traders and analysts said. Wheat prices notched some of the biggest declines among agricultural products, dropping after rising slightly during the previous session. […] Read more
U.S. grains: Prices recover from recent losses
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures rose on Tuesday in a turnaround from recent sharp losses, while soymeal futures neared a two-week high following a decision by Argentina to suspend cuts to export taxes for the livestock feed, traders said. Prices were recovering after tumbling on Friday when the U.S. Department of […] Read more
U.S. grains: Soy up from three-week low as record harvest looms
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures turned higher on Monday after touching their lowest levels in over three weeks on expectations that domestic inventories will pile up due to a record harvest and the ongoing trade dispute with Beijing. Prices recovered from a 4.7 per cent selloff on Friday that was ignited by a […] Read more
U.S. grains: Soybeans tumble as USDA sees record U.S. crop, huge yields
Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures dropped more than 4 percent on Friday after the U.S. Department of Agriculture (USDA) projected larger-than-expected crop yields in the United States and said U.S. and global stocks of the oilseed would swell to record highs. Corn and wheat prices also dropped as the USDA forecast a bigger average U.S. […] Read more
U.S. grains: Soybeans dip after weather-led gains ahead of USDA report
Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures retreated on Thursday after two sessions of gains in a profit-taking and position-squaring setback ahead of Friday’s U.S. Department of Agriculture monthly supply and demand report. Corn also slipped as traders moved to the sidelines ahead of the closely watched report, the first of the season to include field surveys […] Read more
U.S. grains: Soy firms on U.S. yield risk, hopes of renewed China trade
Reading Time: 2 minutes Chicago | Reuters – U.S. soybean and corn futures edged higher on Wednesday on declining crop conditions in the United States and forecasts for hot, dry weather in the western Midwest in the coming weeks. Soybeans drew additional support from rallying Chinese soy prices that signaled a possible resumption of buying by the world’s top […] Read more
U.S. grains: Soybeans jump as U.S. crop ratings erode, wheat retreats
Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures firmed on Tuesday after a weekly government survey lowered condition ratings for the U.S. crop by more than expected, raising concern about a smaller harvest this autumn. Wheat retreated after closing at a three-year high on Monday, weighed down by slow demand for U.S. exports despite expected crop […] Read more
U.S. grains: Soybeans end week firm; China trade war anxiety remains
Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures staged a late-session short-covering recovery on Friday after touching a one-week low amid worries about an escalating trade war between the United States and China. Corn firmed on expectations that hot, dry weather in the U.S. Midwest may limit yield potential. Wheat futures retreated as traders cashed in […] Read more
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