Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures firmed on Friday as forecasts for scorching temperatures in the Midwest crop belt through early next week prompted funds to cover short positions, analysts said. Chicago Board of Trade winter wheat futures fell on profit-taking but still posted a weekly advance of 3.8 per cent, triggered […] Read more
U.S. grains: Corn, soybeans end higher ahead of hot spell
U.S. grains: Corn near one-year high, spring wheat soars
Reading Time: 2 minutes Chicago | Reuters — U.S. spot corn futures hit their highest level in nearly a year before paring gains on Thursday and Minneapolis spring wheat neared a two-year top on worries about hot and dry weather stressing crops in the northern Plains and Midwest, analysts said. Soybean futures also firmed. Chicago Board of Trade July […] Read more
CBOT weekly outlook: Corn, soy up ahead of USDA data
Reading Time: < 1 minute CNS Canada — Corn and soybeans at the Chicago Board of Trade advanced ahead of a key report due out at the end of the week — but from there, it’s back to weather-watching, one analyst says. The U.S. Department of Agriculture is set to release its supply and demand estimates on Friday. “There are […] Read more
U.S. grains: Corn nears one-year high on adverse weather
Reading Time: 2 minutes Chicago | Reuters — U.S. spot corn futures hit a near one-year high on Wednesday on forecasts for potentially stressful crop weather in the Midwest, while Minneapolis spring wheat futures retreated from a near two-year high. Soybeans followed corn higher. The weather jitters come as commodity funds hold large net short positions in corn, wheat […] Read more
U.S. grains: Spring wheat climbs on dry weather worries
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures rose about 1.5 per cent Tuesday and Minneapolis spring wheat traded above US$6 a bushel for the first time in nearly two years on deteriorating spring wheat ratings amid hot and dry weather in the northern U.S. Plains, analysts said. Corn futures neared a three-month high and soybeans […] Read more
U.S. grains: Spring wheat futures climb on weather worries
Reading Time: 2 minutes Chicago | Reuters — U.S. spring wheat futures traded on the Minneapolis Grain Exchange (MGEX) closed higher on Monday for a fourth straight session on fears of hot, dry weather in the northern Plains, while corn and soybean futures ended fractionally higher. MGEX July spring wheat ended up 5-1/4 cents at $5.89 per bushel and […] Read more
U.S. grains: Minneapolis wheat surges on northern Plains dryness
Reading Time: 2 minutes Chicago | Reuters — U.S. spring wheat futures set a 5-1/2-month high on Friday, buoyed by expanding dryness in the northern Plains production belt, analysts said. Minneapolis Grain Exchange July spring wheat settled up five cents at $5.83-3/4 per bushel after reaching $5.90, the highest spot price since mid-January (all figures US$). The spot contract […] Read more
U.S. grains: Winter wheat hits two-week lows, spring wheat rallies
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures and K.C. hard red winter futures dropped to two-week lows on Thursday as forecasts for dry conditions in key growing areas raised the prospect of a quick start to harvest for both crops. “We have got a little bit drier forecast,” said […] Read more
CBOT weekly outlook: Soybeans in danger of dropping below US$9
Reading Time: 2 minutes CNS Canada –– The Chicago Board of Trade soybean market is increasingly being weighed down as rain-stricken farmers switch out acres intended for corn into oilseeds. The July contract plunged 32.25 cents per bushel during the week ended Wednesday (all figures US$). “You can see the corn has already gained on beans a dime this […] Read more
U.S. grains: Corn ends higher on lower-than-expected crop ratings
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures rose about 1.4 per cent on Wednesday after the U.S. Department of Agriculture’s initial condition ratings for the crop fell below trade expectations. Nearby soybeans also closed firm while wheat turned lower toward the close, after spending most of the session higher. Chicago Board of Trade July corn […] Read more
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