Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures surged on Tuesday, led by a spike in hard red winter wheat prices, after the U.S. Department of Agriculture rated the U.S. Plains crop in the worst shape in 16 years. Soybeans and corn rebounded from the prior session’s declines on spillover support from wheat and as cold, […] Read more
U.S. grains: Wheat surges as USDA says crop conditions worst since 2002
U.S. grains: Soybeans sink on plentiful stocks, trade tensions
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures were lower on Monday as early-session support from a lower-than-anticipated government forecast on spring plantings faded and the market’s focus turned to ample U.S. supplies and rising trade tensions with top importer China. Corn futures notched a 2-1/2-week high on the U.S. Agriculture Department’s bullish acreage forecast late […] Read more
U.S. grains: Corn, soy soar on bullish USDA plantings forecast
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures jumped nearly four per cent on Thursday and soybeans surged more than two per cent after the U.S. Department of Agriculture stunned traders by projecting a year-on-year decline in soybean plantings and a larger-than-expected drop in corn acres. Chicago Board of Trade wheat futures followed the firm trend, […] Read more
U.S. grains: Wheat hits two-month low
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures dipped to two-month lows on Wednesday as improving weather for developing crops in the drought-hit southern Plains put the focus back on ample world supplies, traders said. Corn and soybean futures closed lower after a choppy session as traders squared positions a day ahead of key U.S. planting […] Read more
U.S. grains: Wheat down on better weather, positioning ahead of USDA
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures declined on Tuesday as rains in the Southern Plains breadbasket boosted prospects for the region’s drought-hit winter wheat crop, analysts said. Soybean futures fell while corn closed flat in light volume ahead of key data due this week from the U.S. Department of Agriculture (USDA). The government was […] Read more
U.S. grains: Soybeans hit one-week high as trade fears ease
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures touched one-week highs on Monday as fears eased that a trade war with China will take a bite out of crop exports. The markets ultimately closed lower on technical selling and profit-taking, analysts said. However, traders were breathing easier after China’s commerce ministry on Friday did […] Read more
U.S. grains: Soybeans end lower in volatile session
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures closed mostly lower on Friday after a wild session that saw the May soybean contract tumble to its lowest in over a month on worries about trade tensions, only to pare losses and briefly turn higher in late moves as soymeal soared. Corn closed modestly higher after notching […] Read more
U.S. grains: Wheat rebounds after weather-driven selloff
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures firmed Thursday on bargain-buying a day after forecasts for much-needed moisture pressed the Kansas City May hard red winter wheat contract to a seven-week low, traders said. Corn futures closed modestly higher while soybeans ended mostly steady. Chicago Board of Trade May wheat futures settled up 2-1/4 cents […] Read more
CBOT weekly outlook: Soy, corn market attention shifts north
Reading Time: < 1 minute CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved lower over the past week, but stabilized at those lows as attention shifts from weather concerns in Argentina to planting intentions in North America. Rains in Argentina over the past weekend helped ease dryness concerns there somewhat and caused soybeans and […] Read more
U.S. grains: Wetter forecasts pressure K.C. wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. hard red winter wheat futures fell to near two-month lows on Wednesday on forecasts of another round of beneficial showers next week in the southern Plains that could boost crop prospects, analysts said. Chicago Board of Trade soft red winter wheat rallied late in the session to end higher, while […] Read more
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