Chicago | Reuters — U.S. soybean futures fell to a one-month low on Wednesday even as U.S. President Donald Trump signed a “Phase One” trade deal with China, the world’s top soy importer, reflecting traders’ uncertainty about the terms of the pact. Corn followed soybeans lower, but wheat futures surged to their highest in more […] Read more
U.S. grains: Soybeans sag despite China trade deal signing
U.S. grains: Wheat hits six-month top as world prices rise
Chicago | Reuters — U.S. wheat futures hit a six-month high on Tuesday, supported by a pickup in export business and news that Russia, the world’s top wheat supplier, is considering limiting grain exports through June, traders said. Soybean futures ended flat and corn drifted lower as brokers awaited Wednesday’s signing of a U.S.-China Phase […] Read more
U.S. grains: Soy declines, corn firms as China deal’s terms awaited
Chicago | Reuters — U.S. soybean futures declined on Monday on favourable crop weather in South America and position-squaring as traders waited to see if a U.S.-Chinese trade agreement due to be signed this week will herald a significant increase in demand for U.S. crops. Wheat futures also fell, down from multi-month highs set last […] Read more
Prairie cash wheat: Depending on variety, bids a mixed bag
MarketsFarm — Wheat bids in Western Canada varied for the week ended Thursday. Canada Western Red Spring (CWRS) wheat was mixed, while Canada Prairie Spring Red (CPSR) was stronger, and durum (CWAD) steady to slightly higher. The Canadian dollar lost about a half cent during the week. Average CWRS (13.5 per cent protein) wheat prices […] Read more
U.S. grains: Corn, soy shrug off benign USDA data
Chicago | Reuters — U.S. corn and soybeans were steady to higher on Friday as investors looked past revised U.S. Department of Agriculture (USDA) supply-and-demand projections and focused on improved prospects for exports to China, which is due to sign an interim trade deal with the United States next week. The USDA data, released during […] Read more
U.S. grains: Wheat up, corn and soy down awaiting USDA data
Chicago | Reuters — U.S. wheat futures jumped on Thursday in a rebound from the market’s recent slide and soybeans and corn eased as investors squared positions ahead of an eagerly awaited U.S. Department of Agriculture (USDA) supply-and-demand report due on Friday. Rising global prices and forecasts for reduced U.S. plantings this season gave wheat […] Read more
U.S. grains: Prices narrowly mixed as traders assess Mideast risk
Chicago | Reuters — Chicago soybean and grain futures were narrowly mixed on Wednesday as traders’ jitters eased after Iran and the United States signalled a de-escalation of tensions after an Iranian missile attack against U.S. forces in Iraq. Investors also continued to square positions ahead of a key U.S. Department of Agriculture (USDA) crop […] Read more
U.S. grains: Soybeans slide as rain boosts South American crops
Chicago | Reuters –– U.S. soybean futures ended mostly lower on Tuesday on crop-boosting rains in South America and as investors squared positions ahead of a key U.S. Department of Agriculture (USDA) crop report due on Friday, although short-covering trimmed losses late in the session. Corn and wheat futures were mostly flat as late-session short […] Read more
U.S. grains: Soybeans bounce on China trade hopes
Chicago | Reuters — U.S. soybean futures recovered slightly on Monday from steep declines in the previous session as hopes for improved exports to China outweighed worries about rising tensions in the Middle East. Corn and wheat futures declined on technical selling and profit-taking from last week’s multi-month highs and as investors look ahead to […] Read more
Prairie cash wheat: Bids rise over holidays
MarketsFarm — Hard red spring wheat bids in Western Canada posted solid gains during the two-week holiday period ended Thursday, as gains in U.S. futures more than made up for the bearish influence of the rising Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were up by $5-$9 per […] Read more
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