Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rebounded from a 3-1/2-week low on Thursday and closed higher for the first time in three sessions on short-covering sparked by concerns that dry weather in Brazil may clip soy production. Corn and wheat also clawed back earlier losses tied to Argentina’s export-friendly move to let the peso […] Read more
U.S. grains: Brazil dryness sparks soy short-covering
U.S. grains: Wheat, corn, soy fall on global supply pressure
Reading Time: 2 minutes Chicago | Reuters –– Chicago Board of Trade wheat, corn and soybeans fell on Wednesday as traders grappled with huge world stocks of all three commodities. Grain and oilseed prices edged higher during the overnight session but traders quickly locked in profits from the mild spikes amid the bearish global balance sheet. Wheat futures fell […] Read more
U.S. grains: Soybeans fall on export pressure
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures sank on Tuesday on expectations that U.S. exports will dry up due to increasing competition from South American countries, traders said. Corn futures also weakened, with ample global supplies and technical pressure triggering a round of profit-taking after they rose on Monday. Wheat edged higher […] Read more
U.S. grains: Short-covering, technical buying spur gains
Reading Time: 2 minutes Chicago | Reuters –– U.S. corn, soybean and wheat futures firmed on Monday on a round of technical buying and short-covering after prices weakened late last week, traders said. But huge supplies and spotty demand for U.S. supplies on the global market continued to hang over the market, limiting the gains. “It may be a […] Read more
U.S. grains: Corn, wheat, soybeans end week with losses
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell on Friday on concern that competition would stiffen on the export market, traders said. Wheat futures also were weak as traders locked in profits from a short-covering bounce that pulled prices from multi-year lows. Soybeans were on track to notch their biggest weekly decline since […] Read more
U.S. grains: Wheat, corn extend rally on short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures rose for the third straight day on Thursday, with investors who had made bearish bets on the grains scrambling to cover short positions as the market rallied, traders said. Soybeans also were firmer, but technical resistance and huge supplies kept the gains in check. Robust demand […] Read more
U.S. grains: Wheat rises on weaker dollar, stocks check corn
Reading Time: 2 minutes Reuters — Chicago wheat futures rose on Wednesday, as short-covering and a weaker U.S. dollar buoyed prices after a two-day slide, while a U.S. government report held corn in check. Corn eked out only a tiny gain, after the U.S. Department of Agriculture raised its outlook for domestic corn supplies by 25 million bushels, more […] Read more
U.S. grains: Soybeans sink on liquidation ahead of USDA report
Reading Time: 2 minutes Chicago | Reuters — U.S. soybeans extended losses on Tuesday to touch a one-week low on long liquidation and technical selling ahead of a monthly government supply and demand report, more than offsetting strong import demand from China. Corn ticked up, recovering slightly from Monday’s slide of more than two per cent as traders unwound […] Read more
Prairie spring wheat bids rise with U.S. futures
Reading Time: 2 minutes CNS Canada –– Cash spring wheat bids across Western Canada moved higher during the week ended Monday, as gains in U.S. futures and continued weakness in the Canadian dollar both provided support. Average Canada Western Red Spring (CWRS) wheat prices were up by C$3-$6 per tonne during the week, according to price quotes from a […] Read more
U.S. grains: Corn, soy drop from multi-week highs on profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Monday for the first time in six sessions and corn dropped after two sessions of gains on profit-taking and as traders took positions ahead of a government crop report due later this week. Wheat futures closed lower as earlier technical buying and short-covering support faded amid […] Read more
A message from April Stewart, Country Guide's Associate Editor
