Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures jumped 1.6 per cent to a seven-month high on Thursday after the U.S. Department of Agriculture showed smaller-than-expected stockpiles in the wake of increased exports and demand for ethanol, traders said. Corn prices on a continuous chart notched their biggest daily gains since December, dragging wheat futures higher. […] Read more
U.S. grains: Corn at seven-month high on smaller stockpiles
U.S. grains: Wheat, soy tick lower ahead of USDA report
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat, corn and soybean futures were lower on Wednesday as investors squared up their positions ahead of a monthly U.S. Department of Agriculture report due on Thursday, traders said. Prices for each crop have cooled from last week’s multimonth highs amid dry growing conditions for U.S. wheat and Argentine corn […] Read more
U.S. grains: Wheat eases on stable crop conditions after price surge
Reading Time: 2 minutes Chicago | Reuters — U.S. winter wheat futures fell on Tuesday as crop conditions stabilized in the dry Plains growing region and buying interest waned following a surge that brought prices to an eight-week high last week, traders said. Chicago Board of Trade May wheat futures eased 2-1/4 cents to $5.07 per bushel, trimming declines […] Read more
U.S. grains: Wheat, soybeans firm
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soy futures edged higher on Monday, with some wheat contracts rising more than one per cent as weather forecasts showed little rain relief for dry wheat crops in the Plains or drought-affected grain belts in major exporter Argentina. Global benchmark Chicago Board of Trade May wheat was up […] Read more
U.S. grains: Wheat drops on profit-taking
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures sank 3.2 per cent on Friday, following a six-day rally that had pushed prices to their highest in 7-1/2 months, traders said. “This has just been a fantastic week of gains,” said Bill Gentry, a broker at Risk Management Commodities. “The funds are taking a […] Read more
U.S. grains: Wheat, soybean futures rally
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose for the sixth day in a row on Thursday, with new forecasts calling for extended dryness in the U.S. Plains pushing prices to fresh 7-1/2-month highs, traders said. Soybean futures rallied to a 13-month high on signs of strong export data. Parched soils in Argentina that threatened […] Read more
U.S. grains: CBOT wheat notches fifth day of gains
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures jumped 3.3 per cent on Wednesday to their highest level in more than seven months, breaking through key technical barriers on support from concerns about crop development in the U.S. Plains, traders said. The gains in the wheat market spilled over into […] Read more
CBOT weekly outlook: Soy, corn traders shift gaze to U.S.
Reading Time: 2 minutes CNS Canada — As February ends, attention is shifting from South America to the U.S. for traders at the Chicago Board of Trade. “We’re about to flip the calendar into March, when people start paying more attention to the conditions in the U.S.,” said Rich Feltes of RJ O’Brien in Chicago. Attention for the past […] Read more
U.S. grains: Wheat hits seven-month high on crop ratings
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat prices rose to roughly seven-month highs on Tuesday as low crop ratings and limited chances of rain in drought-hit parts of the Plains growing region kept attention on the risk of yield losses. The gains were fueled by U.S. Department of Agriculture data released late on Monday that rated […] Read more
U.S. grains: Soybeans retreat on profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures eased on Monday for the first time in five sessions as profit-taking undercut earlier support stemming from weather forecasts suggesting little rain in drought-hit Argentina, the world’s third-largest exporter. Corn ended higher on concerns about a shrinking crop in Argentina, the world’s No. 3 supplier. Wheat futures jumped […] Read more
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