Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures backed off two-year highs on Friday, with investment funds locking in profits from the oilseed’s sharp rally this week. Wheat firmed as heavy rains dented crop prospects in western Europe and caused some investors to cover bearish bets they had made on the market. “Wheat caught another wave […] Read more
U.S. grains: Profit-taking pulls soy from two-year highs
U.S. grains: Soy rallies on export hopes
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures soared to their highest in nearly two years on Thursday on hopes that export demand will rise amid concerns about the quality of the crop being harvested in Argentina. Corn firmed to its highest since July 2015, supported by forecasts for a reduced harvest in Brazil, but closed […] Read more
U.S. grains: Corn, soybeans surge on export prospects
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures rallied on Wednesday, peaking late in the session as export hopes for U.S. supplies brightened amid heightened concerns about South American crops, traders said. The most actively traded Chicago Board of Trade soybean futures contract hit its highest since July 2014 while CBOT corn futures topped […] Read more
U.S. grains: Wheat drops on weather forecast
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures sank 3.2 per cent on Tuesday, on track for their biggest daily decline in four weeks as forecasts called for improving harvest conditions for the winter crop good weather for spring wheat development. “Drier weather begins to develop in the southern Plains starting this weekend to improve harvest […] Read more
Prairie wheat bids tick down slightly
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada softened slightly during the week ended Friday, as gains in the Canadian dollar put pressure on values. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down 50 cents to $1, with the exception of southern Alberta where they were up […] Read more
U.S. grains: Corn sets 10-month high on export demand
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures rose about one per cent on Friday to the highest level in 10 months on strong export demand and short-covering ahead of a long U.S. holiday weekend, traders said. Soybean futures also climbed even as nearby soymeal futures declined. Wheat futures closed little changed after […] Read more
U.S. grains: Soybeans retreat on profit-taking
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Thursday on profit-taking after rising to their highest in 20 months as soymeal pared gains, but analysts cautioned that soymeal’s rally might not be over. Wheat futures rose three per cent and corn firmed, notching a 10-month top in early moves. At the Chicago Board of […] Read more
U.S. grains: Soy surges on concerns over Argentina soymeal
Reading Time: 2 minutes Reuters — U.S. soybean futures jumped three per cent on Wednesday, the biggest gain for the most-active contract in two weeks, boosted by concerns about a possible shortage of soymeal from Argentina. U.S. wheat futures rose on short-covering and forecasts of unfavourable rain in the U.S. Plains grain belt, while corn advanced to a one-month […] Read more
U.S. grains: Wheat climbs on short-covering, wet weather
Reading Time: 2 minutes Reuters — Chicago wheat rose on Tuesday, lifted by short-covering and concerns about unfavourable rains for maturing U.S. crops. Corn ended mixed and soybeans finished a volatile session lower, with corn weakened by spread trades against wheat and soybeans down on technical selling. Chicago Board of Trade July wheat added two cents, or 0.6 per […] Read more
U.S. grains: Soy, wheat fall on broad commodity weakness
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Monday on profit-taking as commodities fell broadly and soymeal backed down from contract highs, analysts said. Wheat also declined but corn futures rose, bucking the weak trend. At the Chicago Board of Trade, July soybeans settled down 15-3/4 cents at $10.58-1/2 per bushel after dipping to […] Read more
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