Reading Time: 2 minutes Chicago | Reuters — U.S. spring wheat futures set fresh 2-1/2-year highs on Tuesday as a further decline in spring wheat condition ratings surprised traders and coincided with concern about damage to French wheat from a heat wave. But corn and soybean futures fell on improving U.S. crop weather, coupled with broad weakness in other […] Read more
U.S. grains: Wheat climbs as traders fret over U.S., French crops
U.S. grains: Corn sags on U.S. weather
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell more than two per cent on Monday on forecasts for mostly benign weather in the Midwest as the crop heads into its pollination phase next month, analysts said. Corn closed near its session lows and appeared to drag down soybeans as well. Chicago Board of Trade July […] Read more
U.S. grains: Wheat rallies to highest since June 2016
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures rallied 2.6 per cent on Friday to their highest in nearly a year, with concerns about shortfalls in the U.S. crop sparking a round of short-covering by investment funds, traders said. Corn futures also were higher, but forecasts for rain in key growing areas of […] Read more
U.S. grains: Wheat futures lead grain rally
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Thursday, led by a 2.9 per cent rally in the benchmark Chicago Board of Trade July contract, on concerns about dry weather leading to crop shortfalls globally. Corn also rise, following the gains in wheat, while soybeans generated strength from a bullish report on U.S. crushing, […] Read more
U.S. grains: MGEX spring wheat eases on rains
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soy futures were mostly lower on Wednesday, with MGEX spring wheat declining from an earlier 2-1/2-year high on pressure from technical selling and forecasts for crop-friendly rainfall, traders and analysts said. Chicago Board of Trade corn futures declined the most as scattered rains fell in the Midwestern crop […] Read more
U.S. grains: MGEX wheat rallies as conditions worsen in Plains
Reading Time: 2 minutes Chicago | Reuters — U.S. spring wheat futures jumped 4.6 per cent to their highest in 2-1/2 years on Tuesday, pulling soft red winter wheat and hard red winter contracts higher on growing worries about crop health in the dry U.S. Plains, traders said. The rally stemmed from a U.S. Agriculture Department report released on […] Read more
U.S. grains: Improving weather views pressure corn, soy, wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures dropped 2.8 per cent on Monday on forecasts for rain that is expected to bolster the health of a crop stressed by adverse weather throughout planting and early development, traders said. The improving weather view also weighed on wheat and soybean futures as traders used it as an […] Read more
U.S. grains: Corn, soybeans end higher ahead of hot spell
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures firmed on Friday as forecasts for scorching temperatures in the Midwest crop belt through early next week prompted funds to cover short positions, analysts said. Chicago Board of Trade winter wheat futures fell on profit-taking but still posted a weekly advance of 3.8 per cent, triggered […] Read more
Spring wheat futures climb to two-year highs
Reading Time: < 1 minute CNS Canada — Spring wheat futures in Minneapolis climbed to their highest levels in nearly two years during the week ended Friday, as weather concerns in major U.S. wheat-growing states provided support. The nearby July contract on Thursday hit a session high of US$6.1775 per bushel, the strongest level for the front-month spring wheat contract […] Read more
U.S. grains: Corn nears one-year high on adverse weather
Reading Time: 2 minutes Chicago | Reuters — U.S. spot corn futures hit a near one-year high on Wednesday on forecasts for potentially stressful crop weather in the Midwest, while Minneapolis spring wheat futures retreated from a near two-year high. Soybeans followed corn higher. The weather jitters come as commodity funds hold large net short positions in corn, wheat […] Read more
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