CNS Canada — The troublesome weather that gave Chicago Board of Trade (CBOT) corn, soybean and wheat contracts a boost over the past week should remain supportive, despite nearby technical setbacks, according to a trader. “I’m still slightly bullish on beans, corn and wheat given the unfavourable weather situation in South America, with too much […] Read more
CBOT weekly outlook: Futures get weather boost
U.S. grains: Profit-taking drags wheat from multimonth peaks
Chicago | Reuters — U.S. winter wheat futures turned lower on Wednesday in a profit-taking setback from multi-month highs after five straight sessions of gains fuelled by concerns over poor crop conditions in the U.S. Soybeans were also lower as traders banked profits from a recent grain market rally and a slightly improved crop weather […] Read more
U.S. grains: Winter wheat jumps as crop conditions drop
Chicago | Reuters — U.S. winter wheat futures surged to their highest in at least four months on Tuesday, led by a more than three per cent rally in hard red winter wheat, after the government slashed condition ratings for the drought-hit U.S. Plains crop. Soybeans and corn also advanced on technical buying and short […] Read more
You might soon be seeding in February or March
Researchers successfully grow ‘spring-type winter wheats’ in Alberta and say it could be an option by 2020
Reading Time: 4 minutes What kind of wheat crop might you get if you seeded in February or March? One that’s not half bad, if the preliminary results of a recent federal research study are any indication. “How can you get a little more yield? Well, you can put it in the ground a little bit earlier,” said University […] Read more
U.S. grains: Corn, soy rise on South American weather worries
Chicago | Reuters — U.S. soybean and corn futures climbed on Monday on short-covering and concerns that the weather in South America could hamper production of the crops in Brazil and Argentina. Wheat rallied around two per cent as commodity funds exited short positions and on increasing worries that dry weather in the U.S. Plains […] Read more
U.S. grains: Hard red winter wheat jumps as traders watch weather
Chicago | Reuters — U.S. soybean futures sagged on Friday, pulling back from a rally above $10 a bushel a day earlier, while hard red winter wheat futures climbed to their highest price in more than three months. Traders in both markets were eyeing unfavourably dry weather in important growing areas: Argentina for soybeans and […] Read more
U.S. grains: Soybeans retreat from seven-week high
Chicago | Reuters — U.S. soybean futures pulled back on Thursday after concerns about drought in rival exporter Argentina temporarily pushed prices above US$10 a bushel for the first time in seven weeks. The market finished unchanged, breaking a streak of eight sessions with consecutive advances. A ninth session would have marked the longest string […] Read more
U.S. grains: Highest grain prices in weeks as U.S. dollar falls
Chicago | Reuters — U.S. grain and soybean futures rose to their highest prices in weeks on Wednesday on technical buying, a slide in the U.S. dollar and dry weather in rival exporter Argentina. The dollar’s decline to a three-year low prompted corn and wheat traders to buy back previously sold positions, brokers said, after […] Read more
U.S. grains: Wheat falls on chart selling
Chicago | Reuters — U.S. grain futures were lower on Tuesday, with wheat dropping about one per cent and corn easing for the second straight session on chart-based selling and abundant global stockpiles, traders said. Soybeans edged slightly higher, gaining for the seventh straight session to the highest in about six weeks. Warm and dry […] Read more
U.S. grains: Soybeans up on South America weather worries
Chicago | Reuters –– U.S. soybean futures climbed to a five-week high on Monday, in buying fueled by steep gains in soymeal as dry weather in Argentina threatened to cut yields, traders said. CBOT March soybean futures rose for the sixth straight session, settling up seven cents or 0.6 per cent at $9.84-1/4 per bushel […] Read more