Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Thursday as traders eyed forecasts for much-needed rains in Brazil, while corn and wheat ended narrowly mixed in light year-end trading. All three commodities posted annual declines for 2015. Markets will be closed on Friday for the New Year’s Day holiday. “Going into the weekend with […] Read more
U.S. grains: Soy and grains post annual declines
U.S. grains: Corn, wheat tumble ahead of year’s end
Reading Time: 2 minutes Reuters — Chicago corn and wheat slipped on Wednesday, as concerns about potential damage to winter wheat crops moved to the background in light year-end trading. Soybeans rose on technical buying, despite forecasts for much-needed rains in parts of Brazil next week. With a lack of fresh bullish news for the grains, traders sold futures, […] Read more
U.S. grains: Wheat rallies on bargain-buying, fund short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose roughly two per cent on Tuesday to hit a one-week high on bargain buying and concerns about crop prospects in the southern Midwest, traders said. Soybeans were also higher while corn futures firmed, rallying from contract lows as wheat advanced. At the Chicago Board of Trade, March […] Read more
U.S. grains: Soybeans fall on improved Brazil weather forecasts
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures fell for a fifth straight session on Monday as forecasts for rains across Brazil’s key producing region Mato Grosso eased concerns of potential yield losses in the world’s largest exporter. Corn futures fell to life-of-contract lows on fears of slowing export demand, and wheat followed […] Read more
U.S. grains: Rain in Brazil’s forecasts dampens soy futures
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures touched a one-week low on Thursday as expectations for beneficial rains in top exporter Brazil overshadowed stronger-than-expected U.S. export sales. Concerns about large U.S. supplies and poor export demand pushed March corn to settle at a new contract low, while wheat futures reached a three-week low. Traders kept […] Read more
U.S. grains: Wheat drops to three-week low on supplies
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures closed at their lowest level in three weeks on Wednesday as grain markets came under renewed pressure from large global supplies and lackluster export demand. Egypt, the world’s top wheat importer, bought 120,000 tonnes of Argentine wheat in a tender that highlighted the intense competition U.S. sellers face […] Read more
U.S. grains: Prices fall on technical selling, abundant supplies
Reading Time: 2 minutes Reuters — U.S. grain and soybean prices fell on Tuesday, weighed by technical selling and abundant global supplies. Soybeans and wheat gave up earlier gains that were based on weather concerns for developing crops, while corn led the way down in choppy trading ahead of Friday’s Christmas holiday. “There’s no real bullish news, so there’s […] Read more
Prairie spring wheat bids down as basis erodes
Reading Time: 2 minutes CNS Canada –– Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as basis levels deteriorated. Average Canada Western Red Spring (CWRS) wheat prices were down by C$1-$5 per tonne during the week, according to price quotes from a cross-section of delivery points across the Prairie provinces. Average prices ranged […] Read more
U.S. grains: Soybeans, grains slip on big supplies, choppy trade
Reading Time: 2 minutes Reuters — Prices for U.S. grains and soybeans dipped on Monday, giving up slight early advances in thin, choppy trade that focused on plentiful global supplies. The markets declined despite favourable weakness in the U.S. dollar and concerns about insufficient rains curbing Brazil’s soybean production. Price movements and volumes were limited as the market wound […] Read more
U.S. grains: Soybeans rally on Brazil dryness, short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to a near two-week high on Friday on technical buying and short-covering as well as concerns that dry weather in parts of Brazil may drag down yields in the world’s top exporter of the oilseed. Wheat and corn pared steep early gains and closed modestly higher. Both […] Read more
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