Chicago | Reuters — U.S. wheat futures fell on Thursday, settling back from a sharp rally a day earlier as investors weighed Russian criticism of a Ukrainian grain export deal against prospects of a slowing global economy, traders said. Corn futures also were weaker despite growing concerns about a disappointing U.S. harvest after dry weather […] Read more
U.S. grains: Wheat futures retreat after rally
Corn also weak, soy up off recent losses
CBOT weekly outlook: More acres, smaller yields anticipated in U.S.
MarketsFarm — Ahead of the next supply and demand report from the U.S. Department of Agriculture (USDA), due out Monday, Allendale Inc. president Steve Georgy said corn and soybean acres are likely to increase, while yields are to decrease. Georgy projected USDA will up its call on U.S. planted corn acres by 200,000 to 400,000, […] Read more
U.S. grains: Wheat rallies on new concerns about Ukraine exports
Profit-taking pressures corn, soybeans
Chicago | Reuters — U.S. wheat futures rallied 3.3 per cent to their highest in nearly two months on Wednesday as criticism by Russia of a wartime export deal for Ukrainian grain revived concerns about the movement of supplies out of the Black Sea shipment hub. Corn and soybean futures eased on a round of […] Read more
U.S. grains: Soybean futures fall 1.5 per cent
CBOT corn, wheat firm
Chicago | Reuters — U.S. soybean futures fell 1.5 per cent on Tuesday as Argentina’s decision to offer farmers a better exchange rate for their crops threatened to raise export competition at a time when U.S. offerings typically dominate the market. “It just makes more product readily available short-term,” said Mark Schultz, chief analyst at […] Read more
U.S. grains: Wheat, corn, soybeans bounce ahead of long weekend
U.S. dollar down on labour market data
Chicago | Reuters — U.S. wheat, corn and soybean futures rose on Friday on a short-covering bounce ahead of a three-day U.S. holiday weekend, led by strength in crude oil and other commodities as fears waned about aggressive interest rate hikes from the Federal Reserve. A rally in world stocks fizzled, but the U.S. dollar […] Read more
U.S. grains: Wheat, corn, soy fall on economic concerns
U.S. Midwest's harvest nears
Chicago | Reuters — U.S. wheat futures fell more than four per cent and corn and soybeans slipped on Thursday on mounting concerns about a global economic slowdown, analysts said, just as the Midwest crop harvest nears. Wall Street stocks came under pressure as data showing that U.S. manufacturing grew steadily in August rattled some […] Read more
U.S. says no weekly agriculture export sales data until Sept. 15
Reuters — The U.S. Agriculture Department (USDA) on Wednesday said it would not publish weekly export sales data for crops such as corn, soybeans or wheat until Sept. 15 at the earliest, leaving grain traders in the dark about overseas demand. USDA is struggling to launch a new reporting system for the data, which has […] Read more
U.S. grains: Corn dips but still posts monthly gain
CBOT soy lower, wheat up
Chicago | Reuters — U.S. corn futures declined for a second session on Wednesday on profit-taking at the end of the month and mounting recession worries, but the market nonetheless gained eight per cent during August due to eroding U.S. and European crop prospects. Soybean futures ended lower after a back-and-forth session. But wheat turned […] Read more
CBOT weekly outlook: Harvest, crop conditions pressuring prices
MarketsFarm — The Pro Farmer Midwest Crop Tour earlier this month brought attention to a potential reduction of corn yields in some areas of the U.S., causing a rally in prices. However, after crop conditions did not fall as expected, prices underwent a correction, according to one analyst. The U.S. Department of Agriculture (USDA), in […] Read more
U.S. grains: Corn down on recession fears, profit-taking
Corn falls off two-month top; soy, wheat also down
Chicago | Reuters — U.S. corn, wheat and soybean futures fell on Tuesday, joining broad declines in commodities and equity markets as traders fretted about the health of the global economy. Profit-taking also weighed on corn futures, a day after the benchmark December contract notched a two-month high linked to declining U.S. crop production prospects. […] Read more
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