Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dropped 1.6 per cent on Friday to their lowest level in more than five months on pressure from rising forecasts for already-robust South American harvests, traders said. Corn futures also weakened, hitting their lowest level since Jan. 13. Chicago Board of Trade soft red winter wheat rose on […] Read more
U.S. grains: CBOT soybeans, corn fall
U.S. grains: Soy, corn sink to new lows on plentiful supplies
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a five-month low on Thursday and corn dropped to a 2-1/2 month low, pressured by plentiful global supplies amid bumper South American crops and expectations for large plantings in the U.S. The actively traded May-delivery contracts for both commodities hit their lowest levels of 2017. “The […] Read more
U.S. grains: Crop prospects drag on soybeans
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures weakened on Wednesday, with prospects for bumper harvests in South America and record U.S. plantings weighing on the beaten-down market, traders said. Corn and wheat futures also closed in negative territory. Both grains have fallen for three days in a row. The outlook for rain in the U.S. […] Read more
U.S. grains: Wheat, corn fall to multi-week lows
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures dropped to their lowest level in more than six weeks on Tuesday, their second straight day of declines, as weather forecasts bolstered expectations for strong yields adding to already-abundant supplies in the coming weeks, traders said. Corn futures also fell, hitting their lowest since Feb. 1, on pressure […] Read more
U.S. grains: Wheat drops on outlook for Plains rains
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Monday, led lower by a 1.9 per cent drop in K.C. hard red winter wheat amid forecasts for improving weather for crop development in key U.S. growing areas. “The U.S. Plains were dry over the weekend, but the next precip(itation) chance is on the way later […] Read more
U.S. grains: Corn, wheat futures firm
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures closed slightly higher on Friday, as their recent rally from multi-week lows ran out of steam in the absence of fresh fundamental news, traders said. Soybeans weakened, their ninth decline in 10 sessions as the market remained anchored by expectations of a record crop in Brazil. […] Read more
U.S. grains: Corn climbs on export demand, technical rebound
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures on Thursday climbed on better-than-expected weekly export sales data and bargain buying after the May contract hit a two-month low this week, analysts said. Soybeans also rebounded after lows set this week, while wheat finished flat. Chicago Board of Trade May corn settled up 2-1/2 cents at $3.66 […] Read more
U.S. grains: Soy drops for eighth straight session
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell for the eighth session in a row on Wednesday, retreating after posting early gains when a report showed that processors crushed fewer beans than expected in February. Wheat and corn futures closed firm, with both grains supported by hopes that recent price declines have made U.S. supplies […] Read more
U.S. wheat market watching weather closely
Reading Time: < 1 minute CNS Canada — U.S. wheat futures posted sharp losses over the past few weeks, but values found support on Tuesday as weather forecasts provide nearby direction, according to an analyst. Minneapolis and Kansas City wheat contracts lost roughly US30-40 cents per bushel over the past month, as ample world supplies weighed on values. “We’ve certainly […] Read more
U.S. grains: Soy drops below $10 on rising supplies
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures declined on Tuesday for a seventh straight session, dropping below US$10 a bushel as hefty South American harvests threatened U.S. soy export prospects, traders said. Corn firmed, snapping a six-session slide on news of U.S. corn sales to China, while wheat was little changed after […] Read more
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