Chicago | Reuters — U.S. soybean and corn futures fell on Thursday on disappointing weekly export sales data and expectations of large South American harvests that should dampen U.S. export prospects, analysts said. Wheat futures were higher on short-covering after a five-session slide and worries that wintry weather in the Dakotas will curb plantings of […] Read more
U.S. grains: Soybeans, corn slide as export sales data disappoints
U.S. grains: Corn, soy up a bit on weather woes, trade hopes
Chicago | Reuters — U.S. corn and soybean futures closed higher on Wednesday on light technical buying as a blizzard bore down on portions of the Plains and Midwest, threatening to delay plantings, analysts said. Wheat futures fell, recording a fifth straight lower close, as traders focused on plentiful world supplies. Chicago Board of Trade […] Read more
U.S. grains: Wheat pressured by ample global stockpiles
Chicago | Reuters — U.S. wheat futures fell to a one-week low on Tuesday, pressured by improving U.S. yield prospects and rising global stockpiles, analysts said, while nearby U.S. corn and soybean futures finished unchanged. Chicago Board of Trade May wheat settled down 5-3/4 cents at $4.59-1/2 per bushel after dipping to a one-week low […] Read more
U.S. grains: Corn ends lower ahead of USDA monthly data
Chicago | Reuters — U.S. corn futures declined on Monday as traders adjusted positions a day ahead of a monthly supply-and-demand report from the U.S. Department of Agriculture in which the government is expected to raise its forecast of U.S. corn ending stocks. Wheat also fell, while soybeans ended nearly unchanged after a choppy session. […] Read more
U.S. grains: Corn, soy, wheat fall on profit-taking but post weekly gains
Chicago | Reuters — U.S. soybean futures dropped on Friday as uncertainty about the timing and details of a potential trade deal with China caused investors to lock in some profits from recent gains, traders said. End-of-week profit-taking also weighed on the corn and wheat markets. The drop in corn futures was kept in check […] Read more
U.S. grains: Trade hopes spur gains in soy futures
Chicago | Reuters — U.S. soybean futures firmed for the third time in four sessions on Thursday, supported by a better-than-expected export report and hopes for a trade deal with China, traders said. Corn futures also closed in positive territory, with more rain in the U.S. Midwest sparking fresh concerns about planting delays in key […] Read more
U.S. grains: Spring wheat falls sharply as flood concerns ease
Chicago | Reuters –– U.S. spring wheat futures fell 1.3 per cent to their lowest in nearly nine months on Wednesday as the latest weather forecasts eased fears about flooding in the northern U.S. Plains forcing farmers to cut back on their acreage plans for the crop. Soft red winter wheat futures were 1.6 per […] Read more
CBOT weekly outlook: Weather, flooding are main focus
MarketsFarm — This spring’s weather and flooding in the United States have become the main focus for traders at the Chicago Board of Trade (CBOT), said an analyst. “What kind of planting conditions, how much rain, how much flooding, and how cold things are,” listed Steve Georgy, president of Allendale Inc. at McHenry, Ill. The […] Read more
U.S. grains: Improving weather view weighs on wheat
Chicago | Reuters — MGEX spring wheat futures plunged two per cent on Tuesday to their lowest levels since July 2018 on easing concerns about the weather in key U.S. growing areas and weakening cash prices, traders said. K.C. hard red winter wheat futures also were weak, with a better-than-expected government report on crop conditions […] Read more
U.S. grains: Corn bounces from sharp sell-off
Chicago | Reuters — U.S. corn, soybean and wheat futures rose on Monday, rebounding from Friday’s sell-off spurred by a government report that showed massive supplies of all three commodities remained in storage bins around the country. Corn notched the biggest gain, with the most active Chicago Board of Trade contract rallying 1.8 per cent […] Read more