Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade wheat futures rose on Tuesday in a light recovery bounce after falling to a seven-week low, but trade was cautious after weekend rains on the parched U.S. Plains offered respite for the winter wheat crop. Soybeans firmed on bargain-buying after Monday’s losses while corn edged lower after […] Read more
U.S. grains: Wheat prices bounce after steep losses
U.S. grains: Wheat tumbles as rains cross drought-hit Plains
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures slid to six-week lows on Monday as much-needed rain and snow fell in dry areas of the southern Plains, pushing most-active K.C. hard red winter wheat futures down more than five per cent, traders said. Corn and soybean futures sagged on fund-driven long liquidation and as weekend rains […] Read more
U.S. grains: Wheat drops on forecast for rains
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures dropped to a 2-1/2-week low on Friday on outlooks for rains by this weekend that should alleviate stress on some crops in the parched U.S. Plains growing region, traders said. CBOT May contract wheat settled down 11 cents at $4.67-3/4 per bushel, bringing the losses for the week […] Read more
U.S. grains: Chicago wheat sharply lower in technical sell-off
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat fell nearly two per cent on Thursday in a technical sell-off amid outlooks for rain in the parched U.S. Plains crop belt, traders and analysts said. Disappointing weekly U.S. wheat export sales added to headwinds, with CBOT May wheat dropping 10 cents to $4.78-3/4 per bushel, […] Read more
CBOT weekly outlook: Soy running out of time for move upward
Reading Time: 2 minutes CNS Canada — Soybean futures on the Chicago Board of Trade came off their highs during the week and could be poised for further losses, according to a trader. The most-active May contract recorded a high of $10.77 a bushel on March 7 but ended at $10.32 at Wednesday’s close (all figures US$). Jack Scoville […] Read more
U.S. grains: Soy tumbles on acreage outlook
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures tumbled on Wednesday, pressured by technical selling and outlooks for record-large U.S. plantings this year, traders and analysts said. Chicago Board of Trade May soybean futures dropped 16-1/2 cents, or 1.7 per cent, to $10.32-1/4 per bushel (all figures US$). Prices accelerated declines at late-morning after advisory service […] Read more
U.S. grains: Corn hits seven-month high on exports
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures climbed to a seven-month high on Tuesday, buoyed by robust export demand amid drought conditions in No. 3 global shipper Argentina, traders said. Soybeans also rose as rains forecast this week in Argentina were likely to provide only limited relief for soy and corn plants damaged by months […] Read more
U.S. grains: Wheat, corn, soy turn higher on technical buying
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soy futures notched modest gains on Monday, with prices turning higher on technical buying after earlier lows, traders said. Chicago Board of Trade soybean futures recovered from a three-week low and CBOT wheat from a 1-1/2 week low. CBOT May soybeans settled up 1-3/4 cents at $10.41 per […] Read more
U.S. grains: Wheat, soy drop in technical sell-off
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat and soybean futures fell sharply on Friday in a technical sell-off following U.S. government data on Thursday that raised the outlook for end-of-season stockpiles of the crops, traders said. Wheat declined to a 1-1/2-week low and soy dropped 2.5 per cent, while corn futures were down about 0.7 per […] Read more
CBOT weekly outlook: USDA report sways soy, corn
Reading Time: 2 minutes CNS Canada — Thursday’s world agricultural supply and demand estimates (WASDE) report from the U.S. Department of Agriculture caused a stir in corn and soybean markets on the Chicago Board of Trade. “The Brazil and Argentine numbers (were) really not too terribly exciting. And the world numbers (were) basically kind of going exactly the opposite […] Read more
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