Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dropped 1.1 per cent on Tuesday to their lowest in more than a week on rising expectations for a Brazil harvest already forecast to be a record, traders said. Outlooks for a bountiful South American harvest also weighed on corn futures, while wheat eased on profit-taking after rallying […] Read more
U.S. grains: Soy, corn fall on Brazil crop expectations
U.S. grains: Wheat rises on weather concerns
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures rose 1.2 percent on Monday and hit their highest level since mid-February on concerns about dry conditions hampering crop development in the U.S. Plains, traders said. Falling production in Australia and strong export data also lent strength to the wheat market, which closed in positive […] Read more
U.S. grains: Corn, soy, wheat recover from early dips
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn, soybean and wheat futures all closed modestly higher on Friday, recovering from early weakness on a mild round of technical buying. All three commodities posted weekly gains but an ample supply base and rising export competition kept a bearish tone over the marketplace and checked Friday’s strength. Additionally, investors […] Read more
U.S. grains: Soybeans sag on profit-taking, Brazilian crop
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Thursday, pressured by the ongoing harvest of a projected record-large crop in Brazil and profit-taking after a two-session climb attributed to fund buying, traders said. Corn futures and wheat futures closed lower, tracking broad declines in commodities. The 19-market Thomson Reuters CoreCommodity CRB Index fell nearly […] Read more
CBOT weekly outlook: Traders look for fire behind the smoke
Reading Time: 2 minutes CNS Canada –– Rumoured changes to U.S. renewable fuels policy gave corn and soybean futures at the Chicago Board of Trade a boost this week — but it will likely take confirmed fundamental news for the advances to be sustained. The unconfirmed reports circulating the market on Tuesday were that U.S. President Donald Trump was […] Read more
U.S. grains: Wheat ends up three per cent
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures climbed about three per cent on Wednesday on a mix of technical buying and enthusiasm over a larger-than-expected wheat purchase by top global importer Egypt a day earlier, traders said. Corn and soybeans also rose, supported by fund investment at the start of a new month and carry-over […] Read more
U.S. grains: Corn, soyoil climb on biofuels news
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures rose on Tuesday and soyoil futures climbed about four per cent on prospects for changes to the U.S. renewable fuels policy that could boost demand for corn-based ethanol and soy biodiesel, traders said. Both markets pared gains following a White House statement that no executive order was in […] Read more
U.S. grains: Wheat, corn, soy fall after firming overnight
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell two per cent to their lowest in nearly three weeks on Monday, weakening on technical sales after firming briefly during the overnight trading session. Corn and soybean futures also dropped to multi-week lows, with traders noting some end-month liquidation by investment funds. Both wheat and corn futures […] Read more
U.S. grains: Wheat, corn hit two-week lows on long liquidation
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to a two-week low on Friday and corn hit a 2-1/2-week low on technical selling including fund long liquidation, analysts said. Soybeans closed modestly higher, bouncing after the spot March contract hit a six-week low. Chicago Board of Trade March wheat settled down 6-3/4 cents at $4.31-1/4 […] Read more
U.S. grains: Soybeans at six-week low on U.S. acreage view
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a six-week low on Thursday on expectations for a big South American harvest and an expansion in U.S. plantings this spring, analysts said. Corn futures fell on chart-based selling and wheat followed the weak trend. The Chicago Board of Trade March soybean contract settled down 11-1/4 […] Read more
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