Reading Time: 2 minutes Chicago | Reuters — U.S. winter wheat futures turned lower on Wednesday in a profit-taking setback from multi-month highs after five straight sessions of gains fuelled by concerns over poor crop conditions in the U.S. Soybeans were also lower as traders banked profits from a recent grain market rally and a slightly improved crop weather […] Read more
U.S. grains: Profit-taking drags wheat from multimonth peaks
U.S. grains: Winter wheat jumps as crop conditions drop
Reading Time: 2 minutes Chicago | Reuters — U.S. winter wheat futures surged to their highest in at least four months on Tuesday, led by a more than three per cent rally in hard red winter wheat, after the government slashed condition ratings for the drought-hit U.S. Plains crop. Soybeans and corn also advanced on technical buying and short […] Read more
U.S. grains: Corn, soy rise on South American weather worries
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures climbed on Monday on short-covering and concerns that the weather in South America could hamper production of the crops in Brazil and Argentina. Wheat rallied around two per cent as commodity funds exited short positions and on increasing worries that dry weather in the U.S. Plains […] Read more
U.S. grains: Hard red winter wheat jumps as traders watch weather
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures sagged on Friday, pulling back from a rally above $10 a bushel a day earlier, while hard red winter wheat futures climbed to their highest price in more than three months. Traders in both markets were eyeing unfavourably dry weather in important growing areas: Argentina for soybeans and […] Read more
U.S. grains: Soybeans retreat from seven-week high
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures pulled back on Thursday after concerns about drought in rival exporter Argentina temporarily pushed prices above US$10 a bushel for the first time in seven weeks. The market finished unchanged, breaking a streak of eight sessions with consecutive advances. A ninth session would have marked the longest string […] Read more
U.S. grains: Highest grain prices in weeks as U.S. dollar falls
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures rose to their highest prices in weeks on Wednesday on technical buying, a slide in the U.S. dollar and dry weather in rival exporter Argentina. The dollar’s decline to a three-year low prompted corn and wheat traders to buy back previously sold positions, brokers said, after […] Read more
CBOT weekly outlook: Falling greenback boosts U.S. grains
Reading Time: < 1 minute CNS Canada — Soybean, corn and wheat futures in the U.S. are all seeing some strength from weakness in the U.S. dollar, and could have more room to the upside as speculators cover large net short positions. “The managed money is just looking for trades of value,” said Sean Lusk of Walsh Trading in Chicago. […] Read more
U.S. grains: Wheat falls on chart selling
Reading Time: 2 minutes Chicago | Reuters — U.S. grain futures were lower on Tuesday, with wheat dropping about one per cent and corn easing for the second straight session on chart-based selling and abundant global stockpiles, traders said. Soybeans edged slightly higher, gaining for the seventh straight session to the highest in about six weeks. Warm and dry […] Read more
U.S. grains: Soybeans up on South America weather worries
Reading Time: 1 minute Chicago | Reuters –– U.S. soybean futures climbed to a five-week high on Monday, in buying fueled by steep gains in soymeal as dry weather in Argentina threatened to cut yields, traders said. CBOT March soybean futures rose for the sixth straight session, settling up seven cents or 0.6 per cent at $9.84-1/4 per bushel […] Read more
U.S. grains: CBOT soybeans, corn end week firm
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for the fifth straight day on Friday, hitting their highest in 5-1/2 weeks as concerns about crop development in South America fuelled buying, traders said. Parched soils in Argentina have underpinned prices throughout the week. “Dryness in Argentina has provided enough fuel for soybean prices to find […] Read more
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