Reading Time: 2 minutes Reuters — Chicago wheat climbed on Tuesday to add to sharp gains a day earlier as the market assessed the risk of yield losses to U.S. crops due to a combination of dry and cold weather. Corn finished stronger and touched a nearly two-month high, with traders digesting news that China is to scrap its […] Read more
U.S. grains: Wheat extends gains on dry, chilly weather
Prairie spring wheat bids rise as loonie falls
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada moved higher during the week ended Thursday, as weakness in the Canadian dollar helped prop up prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up by $5-$8 per tonne over the course of the week, according to price quotes […] Read more
U.S. grains: Wheat jumps as Plains dryness sparks short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures jumped nearly two per cent on Monday on technical buying and short-covering amid concerns about adverse weather in parts of the winter wheat belt that could damage developing crops. Corn firmed slightly as spillover support from rallying wheat offset concerns about abundant global feed grain stocks and a […] Read more
U.S. grains: Soybeans jump on soymeal exports
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybeans were higher on Thursday, reversing from earlier losses as soymeal rallied on U.S. Department of Agriculture data showing the largest weekly soymeal sales in about 13 years. Wheat and corn prices were little changed as investors squared positions in relatively light dealings ahead of the Good Friday holiday, when […] Read more
U.S. grains: Soy, wheat, corn fall on profit-taking, dollar gains
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and oilseed prices fell on Wednesday, with soybeans retreating from five-month highs as investors took profits and as a rising dollar made the commodities more expensive in global markets. Soybeans declined for the first time in six sessions, giving back a portion of their recent gains as harvest advanced […] Read more
U.S. grains: Soy hits five-month high on technicals, fund buying
Reading Time: 2 minutes Chicago | Reuters — U.S. grain prices were mostly higher on Tuesday, with soybeans rising to their highest since October, on technical buying and worries that cold temperatures could damage crops in the southwestern portion of the Great Plains wheat belt. Corn and wheat trimmed earlier gains on light selling from technical traders and from […] Read more
U.S. grains: Wheat jumps as colder weather threatens crop
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat jumped as much as one per cent on Monday, led by gains in K.C. hard red winter wheat as extremely cold weather threatened to curb yields in parts of the southern U.S. Plains growing region already suffering from dry conditions. Wheat futures pared early gains on technical selling, keeping […] Read more
U.S. grains: Wheat closes higher on short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures edged higher on Friday, snapping a three-day losing streak on some end-of-week short-covering, traders said. Soybean futures were mixed, with the most-active contract easing after hitting a 3-1/2-month peak overnight. Deferred contracts ended slightly higher, supported by recent gains in Brazil’s currency that raised hopes of increased export […] Read more
U.S. grains: Wheat falls as weather improves
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell on Thursday to their lowest in nearly two weeks, turning lower after a weather forecast predicted that temperatures in the U.S. Plains will not be as cold as previously thought, traders said. Soybeans closed firmer, supported by weakness in the dollar that investors hoped would spur export […] Read more
U.S. grains: Wheat falls on poor exports
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures fell for the second straight day on Wednesday on pressure from light export demand and some easing concerns about weather damage to the developing U.S. crop, traders said. Corn futures eased on some mild technical sales while soybeans closed in positive territory, turning higher late […] Read more
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