Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures closed higher on Tuesday after the U.S. Department of Agriculture trimmed its forecast of U.S. 2017-18 soybean ending stocks in a monthly report, bucking trade expectations for an increase. Wheat closed modestly higher on technical buying and worries about poor weather in the U.S. Plains wheat belt, while […] Read more
U.S. grains: Soybeans climb on USDA data
U.S. grains: Wheat soars on U.S. weather woes
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures surged nearly four per cent on Monday, nearing a one-month high as cold weather threatened to stress U.S. wheat already weakened by drought, traders said. Soybean futures rose on signs of fresh export demand and corn followed the firm trend, with wintry conditions in the Midwest adding to […] Read more
U.S. grains: Soybeans rally as market digests Chinese tariff threat
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures rallied more than one per cent on Thursday as investors played down the immediate impact of proposed Chinese tariffs on U.S. supplies, a move that had sent prices plunging a day earlier. U.S. wheat futures jumped as much as two per cent, lifted by worries that cold temperatures […] Read more
U.S. grains: Soy, corn tumble as China slaps tariffs on imports
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures tumbled two per cent on Wednesday after China readied tariffs against U.S. soy, corn, beef and other goods to retaliate against the Trump administration’s planned tariffs on Chinese exports as a trade war intensified. U.S. corn futures also fell sharply, then recovered a portion of the heavy losses. […] Read more
U.S. grains: Wheat surges as USDA says crop conditions worst since 2002
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures surged on Tuesday, led by a spike in hard red winter wheat prices, after the U.S. Department of Agriculture rated the U.S. Plains crop in the worst shape in 16 years. Soybeans and corn rebounded from the prior session’s declines on spillover support from wheat and as cold, […] Read more
U.S. grains: Soybeans sink on plentiful stocks, trade tensions
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures were lower on Monday as early-session support from a lower-than-anticipated government forecast on spring plantings faded and the market’s focus turned to ample U.S. supplies and rising trade tensions with top importer China. Corn futures notched a 2-1/2-week high on the U.S. Agriculture Department’s bullish acreage forecast late […] Read more
U.S. grains: Corn, soy soar on bullish USDA plantings forecast
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures jumped nearly four per cent on Thursday and soybeans surged more than two per cent after the U.S. Department of Agriculture stunned traders by projecting a year-on-year decline in soybean plantings and a larger-than-expected drop in corn acres. Chicago Board of Trade wheat futures followed the firm trend, […] Read more
U.S. grains: Wheat hits two-month low
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures dipped to two-month lows on Wednesday as improving weather for developing crops in the drought-hit southern Plains put the focus back on ample world supplies, traders said. Corn and soybean futures closed lower after a choppy session as traders squared positions a day ahead of key U.S. planting […] Read more
U.S. grains: Wheat down on better weather, positioning ahead of USDA
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures declined on Tuesday as rains in the Southern Plains breadbasket boosted prospects for the region’s drought-hit winter wheat crop, analysts said. Soybean futures fell while corn closed flat in light volume ahead of key data due this week from the U.S. Department of Agriculture (USDA). The government was […] Read more
U.S. grains: Soybeans hit one-week high as trade fears ease
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures touched one-week highs on Monday as fears eased that a trade war with China will take a bite out of crop exports. The markets ultimately closed lower on technical selling and profit-taking, analysts said. However, traders were breathing easier after China’s commerce ministry on Friday did […] Read more
A message from April Stewart, Country Guide's Associate Editor
