Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures plunged to a seven-year low on Friday and hit contract lows in all months after a the government forecast a larger-than-expected harvest, but the market ultimately closed firm as the low prices prompted bargain buying. Soybeans eased as the U.S. Department of Agriculture projected the U.S. crop would […] Read more
U.S. grains: Corn touches seven-year low on record crop view
U.S. grains: Soy firms modestly on export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. soybeans firmed on Thursday on signs of resurgent export demand but corn drifted lower in subdued trade as the market awaited key monthly reports due Friday from the U.S. Department of Agriculture. Wheat fell despite better-than-expected weekly export sales data. At the Chicago Board of Trade, November soybeans settled up […] Read more
U.S. grains: Soybeans fall on weather, snap five-session rally
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Wednesday, pressured by favourable crop weather and profit-taking after a five-session advance that was driven by resurgent export demand, analysts said. Corn futures firmed modestly, gaining against soy ahead of a key U.S. government crop report due on Friday, while wheat futures rose on hopes for […] Read more
U.S. grains: Soy export demand extends rally while corn sags
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for a fifth straight session on Tuesday, supported by persistent export demand, traders said. Corn futures drifted lower, however, as traders adjusted positions ahead of monthly U.S. crop reports due on Friday, while wheat settled unchanged. At the Chicago Board of Trade, the benchmark November soybean contract […] Read more
U.S. grains: Soy rises to one-week high on export deals
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose to a one-week peak on Monday on strong export demand and drier-than-expected Midwest weather over the weekend, although forecasts for a bumper U.S. harvest this autumn limited gains. Corn futures edged higher on short covering following recent declines, while wheat prices were narrowly mixed. Some traders squared […] Read more
U.S. grains: Soybeans extend rebound on robust export demand
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures jumped on Friday, extending a rebound from 3-1/2-month lows hit earlier this week, as strong export demand offset supply pressure linked to bumper harvest prospects. Wheat futures also climbed while corn crept higher as the grain markets consolidated after falling to 10-year and near two-year lows, respectively, this […] Read more
U.S. grains: Wheat, corn pressured by rising stockpiles
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures fell on Thursday on disappointing export sales and prospects for rising global inventories, traders said. Soybean futures closed steady to modestly higher as a pick-up in export demand helped a cautious market rebound from multi-month lows this week. At the Chicago Board of Trade, September wheat […] Read more
U.S. grains: Wheat, corn, soy end higher on bargain hunting
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat, corn and soybean futures rose on Wednesday, rallying on bargain hunting after all three key commodities fell to multimonth or multiyear lows a day earlier, traders said. But expectations of bumper U.S. crops limited further gains. At the Chicago Board of Trade, September wheat settled up nine cents at […] Read more
U.S. grains: Soybeans sag on weather, prospects for big crop
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures declined on Tuesday as favorable weather in the Midwest bolstered expectations of a large crop, analysts said. Front-month corn futures on the Chicago Board of Trade fell to the lowest in nearly two years and wheat dipped below $4 a bushel for the first time in a decade, […] Read more
Prairie wheat bids tick downward
Reading Time: 2 minutes CNS Canada –– Spring wheat cash bids across Western Canada recorded minor losses during the week ended Friday. The declines were traced to weakness in U.S. futures and some minor strengthening in the Canadian dollar. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down $3 per tonne, according to price […] Read more
A message from April Stewart, Country Guide's Associate Editor
