Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Tuesday, setting back from their highest since Dec. 7 on dry weather in South America that will allow farmers to accelerate the harvest of what is expected to be a huge crop, traders said. Wheat futures also closed lower, with traders reporting mild profit taking following […] Read more
U.S. grains: Soy, wheat fall after hitting multi-week peaks
Prairie wheat bids rise with U.S. futures
Reading Time: 2 minutes CNS Canada — Cash spring wheat bids across Western Canada moved higher during the week ended Friday, as domestic bids tracked gains in U.S. futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up by $5 to $8 per tonne over the course of the week, according to price quotes […] Read more
U.S. grains: Weather woes support wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose to a three-week high on Monday, their eighth day of gains over nine sessions, supported by a round of short covering, traders said. Chicago Board of Trade soft red winter wheat futures hit their highest since Feb. 4 on concerns that dry weather in the U.S. Plains […] Read more
U.S. grains: Soybeans set 2016 high on short-covering, export demand
Reading Time: 2 minutes Chicago | Reuters — Short-covering and hopes for improved export demand lifted U.S. soybean futures to three-month highs on Friday, marking the longest rally for the market’s most active contract in four years. Corn futures touched a two-week high on technical buying and export demand, capping the grain’s biggest weekly advance since December, while wheat […] Read more
U.S. grains: Wheat jumps for seventh straight day
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures climbed for a seventh straight session on Thursday, the longest such streak in nearly two years, as a weaker U.S. dollar and concerns about adverse crop weather sparked fund short covering and other buying. Soybeans also rose for a seventh day while corn advanced for the sixth time […] Read more
U.S. grains: Soy, wheat extend winning streak
Reading Time: 2 minutes Washington | Reuters — U.S. soybean and wheat futures rose on Wednesday, the sixth straight higher close for both commodities, as technical buying and short-covering pulled prices higher after they drifted into negative territory, traders said. Corn futures closed mostly lower, weighed down by an ample supply base and some technical sales after the benchmark […] Read more
U.S. grains: Weather fears, short-covering lift prices
Reading Time: 2 minutes Chicago | Reuters — U.S. grain futures edged higher Tuesday on concerns that unfavourable crop weather could threaten domestic production, as markets temporarily shook off the weight of massive global inventories. Technical buying and short covering ahead of a monthly U.S. Department of Agriculture report on Wednesday helped fuel the gains, traders said. Wheat traders […] Read more
U.S. grains: Short-covering supports corn, soy, wheat
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures rose for the fourth day in a row on Monday, supported by a round of short-covering after regulatory data released on Friday afternoon showed that speculators had built the biggest net short on record in all three commodities. But prices closed well off their session […] Read more
U.S. grains: Soybeans surge on short-covering, export demand
Reading Time: 2 minutes Winnipeg/Reuters – U.S. soybean futures jumped nearly 2 per cent on Friday as investors covered short positions due to strong export demand, registering their biggest weekly gain since mid-December. Chicago wheat edged higher, and registered a big weekly gain on concerns over dry weather in parts of the U.S. Plains. Corn also climbed, on strong […] Read more
U.S. grains: Wheat hits six-session high, weather sparks short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures climbed to their highest in six trading sessions on Thursday as expanding dryness in the southern Plains hard wheat belt triggered a round of short-covering, traders and analysts said. Traders were also concerned about a threat of flooding in the Mississippi River Delta region, which grows soft red […] Read more
A message from April Stewart, Country Guide's Associate Editor
