Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and spring wheat futures pared losses on Monday but still closed lower as technical selling and outlooks for favourable crop weather continued to pressure prices following steep declines last week. Meanwhile, Chicago Board of Trade wheat and corn futures turned higher on a bargain-buying bounce. CBOT November soybean futures […] Read more
U.S. grains: Soy, spring wheat extend losses on technicals, weather
U.S. grains: Wheat falls; corn, soy firm
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Friday, led lower by a sharp decline in MGEX spring wheat as investors liquidated bullish positions following the U.S. Department of Agriculture’s forecast for a bigger-than-expected crop in the northern Plains, traders said. The selloff pushed the benchmark Chicago Board of Trade soft red winter wheat […] Read more
Canadian wheat decline with U.S. futures, rising loonie
Reading Time: 2 minutes CNS Canada – Hard red spring wheat bids in Western Canada lost ground during the week ended July 28, as declines in the US futures and strength in the Canadian dollar both weighed on prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by C$8 to C$11 per tonne […] Read more
Drought hits parts of North Dakota spring wheat prospects
Reading Time: 2 minutes Minot / Reuters – Spring wheat crops in central and northwestern North Dakota were showing the effects of hot, dry conditions and yield prospects were down sharply from a year ago, scouts on an annual crop tour said Wednesday. “The early-planted stuff looks the toughest,” said Dave Green, executive vice president of the Wheat Quality […] Read more
U.S. grains: Improving forecast weighs on corn, soybeans
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell on Friday, pressured by outlooks for some relief for crops stressed by hot and dry weather during the past few weeks, traders said. “It is a little bit of a moderation in the weather forecast,” said Bill Gentry, a broker at Risk Management Commodities. “The […] Read more
Global buyers of quality wheat face disappointment in Canada
Reading Time: 3 minutes Winnipeg/Chicago | Reuters — Buyers looking to Canada for high-quality wheat to make bread as drought roils output in the northern U.S. may be thwarted, as dry weather has also hit crops there. Wheat plants with the high protein content needed to bake bread have shrivelled in the U.S., one of the world’s top exporters, […] Read more
U.S. grains: Wheat hits two-week low on spreading
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Board of Trade wheat futures fell to a roughly two-week low on Monday while MGEX spring wheat gained one per cent in wheat spreading as dry conditions stressed the spring wheat crop in the northern U.S. Plains, traders said. Investors were selling most-active CBOT wheat and buying MGEX […] Read more
U.S. grains: Soybeans, corn firm on weather view
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures rallied 1.4 per cent on Friday on hotter and drier forecasts for important growing areas of the U.S. Midwest, traders said. Concerns about the forecast also supported corn futures but the market closed off session highs as profit-taking weighed on prices after their run-up to […] Read more
U.S. grains; Wheat, corn, soy climb; spring wheat tops US$8
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat, soybean and corn futures rose in an abbreviated session ahead of the Fourth of July holiday, buoyed by worries that hot and dry weather in the northern Plains spring wheat belt could spread into the western Midwest, analysts said on Friday. Spring wheat futures on the Minneapolis Grain Exchange […] Read more
U.S. grains: Chicago wheat above $5 on U.S., Canadian concerns
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures closed above US$5 a bushel on Friday for the first time in a year, buoyed by diminishing outlooks for spring wheat crops in both the U.S. and Canada, analysts said. CBOT soybean futures rose about three per cent and corn futures also followed the firming […] Read more
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