Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, soybean and corn futures rose in an abbreviated session ahead of the Fourth of July holiday, buoyed by worries that hot and dry weather in the northern Plains spring wheat belt could spread into the western Midwest, analysts said on Friday. Spring wheat futures on the Minneapolis Grain Exchange […] Read more
U.S. grains; Wheat, corn, soy climb; spring wheat tops US$8
U.S. grains: Chicago wheat above $5 on U.S., Canadian concerns
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures closed above US$5 a bushel on Friday for the first time in a year, buoyed by diminishing outlooks for spring wheat crops in both the U.S. and Canada, analysts said. CBOT soybean futures rose about three per cent and corn futures also followed the firming […] Read more
U.S. farmers running out of opportunities to sell corn at profit
Reading Time: 2 minutes Washington | Reuters — U.S. farmers who have been holding out for higher prices for their corn may finally sell their grain below target levels in the next few weeks as a government report released Friday underscores the huge supplies left in storage bins around the country, analysts said. The U.S. Agriculture Department said that […] Read more
U.S. grains: Spring wheat sets three-year top on weather woes
Reading Time: 2 minutes Chicago | Reuters — U.S. spring wheat futures charged to a three-year high on Thursday, fueled by fears that continued dry conditions in the northern U.S. Plains would cut supply of high-protein milling wheat. The surge in spring wheat futures on the Minneapolis Grain Exchange (MGEX) also lifted Chicago Board of Trade wheat to a […] Read more
CBOT weekly outlook: Corn, soy move with trader positioning
Reading Time: < 1 minute CNS Canada –– Corn and soybean futures at the Chicago Board of Trade are moving in trader-positioning with technical features and ahead of key data. Investors in CBOT corn and soybean markets are rolling out of positions in the July contract into more deferred months. “With that said, we’re seeing a lot of shorts shore-up […] Read more
U.S. grains: Spring wheat futures top US$7 on weather worries
Reading Time: 2 minutes Chicago | Reuters — U.S. spring wheat futures surged 3.4 percent on Wednesday, topping US$7 a bushel for the first time in nearly three years on worries that stressful weather will curb production of the high-quality milling wheat, analysts said. The jump in Minneapolis Grain Exchange (MGEX) spring wheat lifted Chicago Board of Trade wheat […] Read more
U.S. grains: Spring wheat near three-year high on dry weather
Reading Time: 2 minutes Chicago | Reuters — U.S. spring wheat futures hit their highest level in nearly three years on Tuesday on forecasts for stressful weather in the northern Plains, analysts said. Corn and soybean futures also climbed after a U.S. Department of Agriculture (USDA) report said the condition of all three U.S. crops was worse than analysts […] Read more
U.S. grains: CBOT wheat falls on profit-taking
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat prices fell about two per cent on Monday, extending their slide to four sessions on profit-taking after a run-up to one-year highs last week, analysts said. Corn and soybeans rose in a light recovery bounce from multimonth lows set last week, and Minneapolis Grain Exchange spring […] Read more
U.S. grains: Spring wheat at 2-1/2-year high, corn at six-month low
Reading Time: 2 minutes Chicago | Reuters –– MGEX spring wheat futures jumped to a 2-1/2-year high on Friday and Chicago Board of Trade corn futures dipped to a six-month low in technically driven trade amid an outlook for generally favourable U.S. crop weather, traders said. Soybean futures touched the lowest levels in more than a year before paring […] Read more
U.S. grains: Soy hits 17-month low, corn two-month low
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures touched a 17-month low and corn fell to a roughly two-month low on Thursday, pressured by forecasts for cooler weather conditions that could reduce stress on developing crops, traders and analysts said. Chicago Board of Trade wheat futures followed corn lower, declining for the second straight session even […] Read more
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