Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures climbed nearly two per cent on Monday due to weather-damaged crops in key production areas around the world, while corn and soybeans firmed as wet U.S. Midwest conditions stoked concerns about reduced harvests. Some optimism that U.S.-China trade talks may get back on track also underpinned markets. The […] Read more
U.S. grains: Wheat rises on global weather worries
U.S. grains: Corn reaches five-year high on crop uncertainty, firm cash
Reading Time: 2 minutes Chicago | Reuters — Chicago corn futures climbed to their highest level in five years on Friday as forecasts for more showers in the eastern Midwest next week clouded U.S. production prospects, analysts said. Soybeans also advanced on the weather worries and wheat closed higher after a choppy session. Chicago Board of Trade July corn […] Read more
U.S. grains: CBOT wheat rallies on weather
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rallied on Monday on concerns about harvest risks as more heavy rain was forecast in some U.S. grain belts and warm, dry weather was expected in top wheat exporter Russia. Meanwhile, corn and soybean futures traded choppily as the markets digested a threat of U.S. tariffs against Mexico, […] Read more
U.S. grains: Improving weather view weighs on wheat
Reading Time: 2 minutes Chicago | Reuters — MGEX spring wheat futures plunged two per cent on Tuesday to their lowest levels since July 2018 on easing concerns about the weather in key U.S. growing areas and weakening cash prices, traders said. K.C. hard red winter wheat futures also were weak, with a better-than-expected government report on crop conditions […] Read more
U.S. grains: Wheat futures plunge on sluggish exports
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade grain and soybean futures all soured on Tuesday as U.S. wheat sellers failed to nab any export sales and traders waited impatiently for news on the latest of talks on the U.S.-China trade war. Wheat was the story of the day: Most CBOT wheat futures contracts — […] Read more
Prairie wheat bids fall with U.S. futures
Reading Time: 2 minutes CNS Canada — Wheat bids in Western Canada were mostly down for the week ended Friday with a weaker Canadian dollar and falling U.S. futures. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down $1-$7, according to price quotes from a cross-section of delivery points compiled by PDQ (Price and […] Read more
Falling U.S. futures weigh on Prairie wheat bids
Reading Time: 2 minutes CNS Canada — Hard red spring wheat bids in Western Canada lost ground during the week ended Friday, as losses in U.S. futures more than offset the supportive influence of the declining Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3-$11 per tonne over the course […] Read more
U.S. grains: Wheat rallies to one-week top, pulls corn higher
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Wednesday, with the benchmark Chicago Board of Trade soft red winter wheat contract gaining 1.9 per cent and hitting a one-week high on concerns that rains forecast for the U.S. Plains will not meet earlier expectations. “The forecast for the rain in the southern Plains has […] Read more
U.S. grains: Wheat futures drop as weather improves
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to their lowest in 10 days on Monday, led by a 3.4 per cent drop in K.C. hard red winter wheat prices, on forecasts for rain in key growing areas that will provide relief to a drought-stressed crop, traders said. “Wheat prices are lower, with longs running […] Read more
U.S. grains: Soybeans close firm despite trade threats
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Friday, with traders shrugging off rhetoric about escalations in a trade war between China and the U.S. to focus on fresh export deals. China warned on Friday it was fully prepared to respond with a “fierce counter strike” of fresh trade measures if the U.S. follows […] Read more
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