Reading Time: 2 minutes Reuters — U.S. soybean futures tumbled to a nearly one-month low on Tuesday, as rain in Argentina’s dry crop belts kept South America on track for a bumper harvest. Chicago corn and wheat also ticked lower, under pressure from a stronger U.S. dollar and technical selling. The most active soybean futures contract on the Chicago […] Read more
U.S. grains: Soybeans stumble on South America’s crop prospects
U.S. grains: Soy, corn weaker on Argentina rains, profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean, corn and wheat futures eased on Monday, weighed down by profit-taking and expectations for more crop-friendly rainfall in Argentina. Wheat futures retraced early gains despite bitter cold temperatures in the U.S. which left dormant plants vulnerable to damage. Chicago Board of Trade soybeans notched the largest declines of the […] Read more
U.S. grains: Soybeans rise on export deal
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Friday, as a fresh export deal highlighted the robust overseas demand for the oilseed and also supported by lingering concerns about dry conditions in Argentina, traders said. Wheat futures were flat, retracing losses late in the session on a round of short-covering and worries about a […] Read more
Tight high-protein supplies underpin Minneapolis wheat
Reading Time: 2 minutes CNS Canada — Spring wheat futures in Minneapolis are outpacing the Chicago and Kansas City winter wheats to the upside, and tight world supplies of higher-protein wheat should remain supportive until the 2017 North American crop becomes better known. “A lot of it is the protein market,” said analyst Bryan Strommen of Progressive Ag in […] Read more
U.S. grains: Soy firms on technicals
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Thursday, turning higher after testing key technical support levels, traders said. Corn and wheat futures weakened on a mild round of profit-taking. Wheat, which also was pressured by a firm U.S. dollar, had risen for the previous five days while corn was coming off a four […] Read more
U.S. grains: Soybeans fall on Argentine rain view
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a three-week low on Wednesday as forecasts for rain in dry areas of Argentina’s crop belt took out some of the weather premium built into the market, traders said. “Beans are seeing a little bit of pressure… amid a favourable weather forecast for Argentina,” CHS Hedging […] Read more
U.S. grains: Corn hits five-month high
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures rose to a five-month high on Tuesday, with strong exports and technical buying supporting prices, traders said. Wheat futures also closed firm, their fourth straight day of gains, while soybeans eased on technical selling, traders said. CBOT wheat benefited from short-covering as investors unwound bearish […] Read more
U.S. grains: Soy falls on Argentine rain view
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures weakened on Monday on forecasts for some much-needed rain in dry parts of Argentina’s growing areas, traders said. Wheat and corn futures closed higher, with wheat receiving support from improving export hopes for U.S. supplies, traders said. Both grains traded in negative territory before buyers stepped in to […] Read more
U.S. grains: Soy, corn jump on Argentine dryness
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures rose one per cent on Friday, buoyed by technical buying and concerns over dry growing conditions in Argentina in the wake of U.S. Department of Agriculture crop data at midday that was deemed neutral, traders said. Wheat futures also rallied at the Chicago Board of Trade, […] Read more
U.S. grains: Soybeans down on profit-taking before USDA data
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dropped two per cent on Thursday, the steepest decline in 2-1/2 months, on profit-taking tied to lower veg oil prices and extended weather outlooks for rainfall in Argentina, traders and analysts said. U.S. President-elect Donald Trump’s nomination of Oklahoma Attorney General Scott Pruitt to run the nation’s Environmental […] Read more
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