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: Rains fuel crop worries, lift corn, soy, wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures jumped on Thursday as expectations for more rain in the U.S. Midwest heightened worries about bad weather reducing autumn harvests. Forecasts called for rain over the next five days, which would keep some fields too wet to plant and add stress to planted crops that are […] Read more
CBOT weekly outlook: Bullish U.S. Midwest weather story not over
Reading Time: 2 minutes MarketsFarm — Corn and soybean futures at the Chicago Board of Trade may have run into some profit-taking resistance, but underlying concerns over wet fields and lost acres should keep the general uptrend in place heading through the summer. “I don’t think this weather story is anywhere near over,” said Preston Zacharias of CHS Hedging’s […] Read more
U.S. grains: Corn down second session after five-year high
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell about two per cent on Wednesday, sagging for a second straight session as an absence of fresh bullish news prompted investors to book profits after multi-year highs set this week. Soybean and wheat futures followed the weak trend, with a few analysts citing improving U.S. weather forecasts. […] Read more
U.S. grains: Corn sets five-year high, soybeans up on poor weather
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures touched a five-year high on Monday and soybeans advanced, supported by forecasts for more rains in the Midwest where wet conditions have delayed plantings and cast doubts on production prospects, analysts said. Chicago Board of Trade wheat closed modestly higher after a choppy session. CBOT July corn settled […] Read more
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: Wheat gains for fourth week on Russia dryness
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures notched a fourth weekly gain on Friday — even after closing the day down 1.27 per cent — as lack of rain in Russia raised concerns over reduced yields in the world’s top exporter of the grain. Support also came from fears of production losses […] Read more
U.S. grains: Wheat rebounds on weather abroad
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures rose on Thursday, rebounding after two days of deep losses, with support from dry weather that is expected to reduce yields in Russia and Australia. Traders said they are monitoring wet conditions in the southern U.S. Plains and Midwest that threaten winter wheat quality, as well as the […] Read more
U.S. grains: Futures plummet on Midwest weather, profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. grain futures plummeted across the board on Wednesday, as fears eased about the potential for rain damage to the wheat crop and forecasts of warmer temperatures in the U.S. Midwest opened a narrow planting window for soybean farmers. The burgeoning U.S.-Mexico trade fight added pressure to corn futures, despite a […] Read more
U.S. grains: Wheat, corn, soy rally on weather woes
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn futures rose 4.1 per cent on Thursday, bouncing back from some technical weakness on Wednesday as traders focused on the historic slow pace of planting in the Midwest. Prices, which hit their highest in nearly three years this week, needed to continue to rally to entice farmers to seed […] Read more
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