Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures gained two per cent to a seven-month high on Thursday after the U.S. Department of Agriculture increased its export forecast and showed smaller-than-expected global supplies in a monthly report. Chicago Board of Trade soybean futures fell and corn prices declined narrowly from an earlier seven-month peak in the […] Read more
U.S. grains: Wheat rallies to seven-month high after USDA data
CBOT weekly outlook: South American weather still key for soy, corn
Reading Time: < 1 minute CNS Canada — South American weather uncertainty is lending underlying support to soybean and corn futures at the Chicago Board of Trade, with speculators likely to remain on the long side until production issues are more clearly sorted out, according to an analyst. “The funds don’t want to give up the ship, and there’s enough […] Read more
U.S. grains: Soybeans hit two-week high on fund buying
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures jumped to a two-week high on Wednesday while corn and wheat prices also rose on support from investment fund buying and position squaring ahead of a government crop report due on Thursday. Soybeans saw the biggest gains, with Chicago Board of Trade climbing 1.5 per cent for the […] Read more
U.S. grains: Soy firms with export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Tuesday on continued strong export demand as overseas buyers waited for the bulk of the expected bumper South America harvest to come online, traders said. “Beans continue to be the darling of the grains thanks to a long seasonal export tail, with the big anticipated shift […] Read more
U.S. grains: Soy rises as China trading resumes
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Monday on spillover strength from a rally in China as well as signs of good export demand, traders said. Corn retreated on technical selling, traders said, while profit-taking weighed on wheat following a 2.4 per cent rally last week. Traders in China returned from the Lunar […] Read more
U.S. grains: Soy falls as Brazil crop forecasts grow
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures fell one per cent on Friday, pressured by expectations for a huge crop in Brazil, the world’s top exporter of the oilseed, traders said. Soybeans weakened early in Friday’s session on a round of technical selling after failing to push through their weekly high during the overnight trading […] Read more
U.S. grains: Wheat hits highest since August
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures firmed on Thursday, with the most-active Chicago Board of Trade soft red winter wheat contract hitting its highest in more than five months on signs of better-than-expected export demand. Soybeans closed slightly higher as technical buyers pushing prices into positive territory late in the session while corn eased […] Read more
CBOT weekly outlook: Soy, corn expected to move steady to lower
Reading Time: 2 minutes CNS Canada –– Despite a divergence in the two markets on the week, Chicago Board of Trade soybeans and corn are expected to shift back into step, moving sideways to lower in short-term trade, one U.S. analyst says. Improving South American weather is likely to keep a lid on soybeans, said Terry Reilly, senior commodity […] Read more
U.S. grains: Soybeans rally on export demand, fund buying
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Wednesday on commodity fund buying at the start of a new month along with fresh export demand, analysts said. Wheat and corn futures followed the firm trend, with corn buoyed by bullish weekly ethanol data. Chicago Board of Trade March soybean futures settled up 12-1/4 cents […] Read more
U.S. grains: Corn, wheat firm on bargain buying, U.S. dollar
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures closed higher on Tuesday on bargain-buying a day after both markets fell to two-week lows, and on a weaker dollar, which tends to make U.S. grains more competitive globally, traders said. Soybeans closed higher, bouncing back from a 2.5 per cent decline a day earlier. But […] Read more
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