Chicago | Reuters — U.S. corn futures rallied to a nine-month peak and wheat rose to its highest in nearly seven weeks on Wednesday, supported by a round of short-covering amid persistent concerns about adverse weather curtailing harvest expectations for both grains, traders said. Soybean futures also were firm, with U.S. President Donald Trump’s announcement […] Read more
U.S. grains: Corn hits nine-month high
U.S. grains: Wheat, soy, corn rebound after early drops
Chicago | Reuters — U.S. wheat futures rallied on Tuesday, surging 2.4 per cent on a bargain buying rebound after falling to their lowest in nearly three weeks early in the session. The gains in wheat spilled over into the corn market and soybean futures also rose, snapping a four session losing streak. But strength […] Read more
VIEW FROM THE SOUTH: Bet on China goes bad
Chinese buying prompted U.S. hog and soybean farmers to ramp up production that’s now looking for a home
Reading Time: 3 minutes Representatives from the largest pork-exporting states in the U.S. happened to find themselves at a Manitoba pork meeting days after China announced it was slapping tariffs on U.S. pork. They were as confused, and worried, as everyone else about what was coming next. “The marketplace is obviously reacting, but it’s important for us to take […] Read more
U.S. grains: CBOT soybeans extend losing streak
Chicago | Reuters — U.S. soybean futures fell for a third straight session on Monday, with concerns about demand from China in focus amid a lack of fresh deals with the top global buyer of the oilseed, traders said. Wheat futures were mixed, with Chicago Board of Trade soft red winter wheat contracts retreating from […] Read more
U.S. grains: Wheat, corn, soy fall on weather outlook
Chicago | Reuters — U.S. wheat, corn and soybean futures fell on Friday, with forecasts for beneficial crop weather across key growing areas sparking a round of fund liquidation ahead of the weekend, trader said. Wheat led the declines with the front-month Chicago Board of Trade soft red winter wheat contract sagging 2.8 per cent. […] Read more
U.S. grains: Export concerns pressure soy
Chicago | Reuters — Chicago Board of Trade soybean futures fell to their lowest in nearly two weeks on Thursday on worries about declining demand from top importer China, traders said. Wheat futures firmed to their highest since April 10, their third straight day of gains, while corn eased for the fourth time in five […] Read more
U.S. grains: Wheat rallies to one-week top, pulls corn higher
Chicago | Reuters — U.S. wheat futures rose on Wednesday, with the benchmark Chicago Board of Trade soft red winter wheat contract gaining 1.9 per cent and hitting a one-week high on concerns that rains forecast for the U.S. Plains will not meet earlier expectations. “The forecast for the rain in the southern Plains has […] Read more
U.S. grains: Corn futures drop despite slow planting pace
Chicago | Reuters — Chicago Board of Trade corn futures fell to their lowest in nearly two weeks on Tuesday, their third straight day of declines, as traders shrugged off concerns about cold weather causing planting delays in the U.S. Midwest. “You plant more in the month of May than in the month of April, […] Read more
U.S. grains: Wheat futures drop as weather improves
Chicago | Reuters — U.S. wheat futures fell to their lowest in 10 days on Monday, led by a 3.4 per cent drop in K.C. hard red winter wheat prices, on forecasts for rain in key growing areas that will provide relief to a drought-stressed crop, traders said. “Wheat prices are lower, with longs running […] Read more
U.S. grains: Wheat at one-week low on wetter U.S. outlooks
Chicago | Reuters — U.S. wheat futures fell on Friday to a one-week low, pressured by forecasts for much-needed rain late next week in the southern Plains winter wheat belt, analysts said. Corn followed wheat lower amid a lack of fresh supportive news, and soybeans turned down, erasing early advances, as nervous traders booked profits […] Read more