Chicago | Reuters — U.S. soybean and spring wheat futures pared losses on Monday but still closed lower as technical selling and outlooks for favourable crop weather continued to pressure prices following steep declines last week. Meanwhile, Chicago Board of Trade wheat and corn futures turned higher on a bargain-buying bounce. CBOT November soybean futures […] Read more
U.S. grains: Soy, spring wheat extend losses on technicals, weather
Crop conditions decline in Alberta, recent rains offer little benefit
Alberta crop conditions as of August 8
Reading Time: 2 minutes Recent scattered rain across the province has been too light and variable to significantly improve soil moisture and crop conditions, especially in the Southern and Central Regions. Crop condition ratings declined for the Southern and Central Regions, improved for the North West and Peace Regions and remained unchanged in the North East Region from last […] Read more
U.S. grains: Wheat falls; corn, soy firm
Chicago | Reuters — U.S. wheat futures fell on Friday, led lower by a sharp decline in MGEX spring wheat as investors liquidated bullish positions following the U.S. Department of Agriculture’s forecast for a bigger-than-expected crop in the northern Plains, traders said. The selloff pushed the benchmark Chicago Board of Trade soft red winter wheat […] Read more
Canadian wheat bids decline with U.S. futures, but basis improves
CNS Canada – Hard red spring wheat bids in Western Canada moved lower during the week ended August 3, as declines in the US futures weighed on prices. However, weakness in the Canadian dollar provided support and helped basis levels see some modest improvement. Depending on the location, average Canada Western Red Spring (CWRS) wheat […] Read more
U.S. grains: Corn, soybeans, wheat fall, ending win streak
Chicago / Reuters – U.S. corn and soybean futures weakened on Monday on forecasts for beneficial weather for crop development, traders said. Wheat futures also were weak, dropping to their lowest in more than a month, as sizeable world supplies countered support from drought-hit U.S. spring wheat yields. The lower closes snapped a string of […] Read more
Canadian wheat decline with U.S. futures, rising loonie
CNS Canada – Hard red spring wheat bids in Western Canada lost ground during the week ended July 28, as declines in the US futures and strength in the Canadian dollar both weighed on prices. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by C$8 to C$11 per tonne […] Read more
U.S. grains: Improving forecast weighs on corn, soybeans
Chicago | Reuters — U.S. corn and soybean futures fell on Friday, pressured by outlooks for some relief for crops stressed by hot and dry weather during the past few weeks, traders said. “It is a little bit of a moderation in the weather forecast,” said Bill Gentry, a broker at Risk Management Commodities. “The […] Read more
U.S. grains: Corn, soy rise for third straight day
Chicago | Reuters — U.S. corn and soybean futures rallied on Thursday to their highest respective levels in more than a week, supported by forecasts for hot weather that will stress crops in key growing regions, traders said. Both commodities notched their third straight day of gains. Corn led the sector, rising 2.1 per cent, […] Read more
U.S. grains: Corn, soy extend gains on outlook for dry weather
Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose about one per cent on Wednesday, extending gains from the previous session on outlooks for mostly dry weather that likely will stress U.S. crops, traders and analysts said. Corn and soy prices came off their session highs at midday as investors adjusted […] Read more
U.S. grains: Corn, soy futures gain on weather worries
Chicago | Reuters –– Chicago Board of Trade corn futures were higher on Tuesday, lifted by concerns that hot and dry weather could reduce yields for the U.S. harvest in the wake of government data showing deteriorating crop condition ratings, traders said. Corn finished about 10 cents per bushel below its earlier peaks and prices […] Read more