Chicago | Reuters — U.S. wheat and corn futures fell on Wednesday on profit taking from the previous session’s strong rally, grain dealers said. Bargain buying pulled the grain contracts from their session lows ahead of the close. “Yesterday was probably a little overdone in the wheat market,” said Jim Gerlach, president of Indiana-based A/C […] Read more
U.S. grains: Wheat, corn ease after rallies
Chicago soybean futures firm
U.S. grains: Wheat futures rally, pull corn higher
Chicago soybean futures weaken
Chicago | Reuters — U.S. wheat futures surged 4.5 per cent on Tuesday, their biggest gain since May, as cuts to the harvest outlook in Australia bolstered prospects for U.S. exports, traders said. The rally in wheat, which closed near session highs as technical buyers entered the market after the early strength, underpinned the corn […] Read more
U.S. grains: Corn, soy, wheat end lower ahead of long weekend
Chicago | Reuters — U.S. corn and soybean futures closed lower on Friday on technical selling ahead of a long holiday weekend and uncertainty about U.S. export prospects, traders said. Wheat futures followed the weak trend, drifting lower in rangebound trade. A stronger dollar hung over the markets, making U.S. grains and soy less competitive […] Read more
Prairie cash wheat: Bids mostly weaker on U.S. price declines
MarketsFarm — Bids in Western Canada for the week ended Thursday were steady to lower for Canada Western Red Spring (CWRS), Canada Prairie Spring Red (CPSR) and durum (CWAD) wheats, as declines in U.S. wheat prices weighed on values. The Canadian dollar was up two-10ths of a U.S. cent during the week, which also put […] Read more
Manitoba growers approve five-way commodity group merger
Manitoba grain growers represented by five separate commodity organizations have voted to greenlight a merger they now expect to make official by August. A total of 165 ballots were cast Wednesday and Thursday during the groups’ annual general and special meetings at the CropConnect conference in Winnipeg, with members at the various events voting between […] Read more
U.S. grains: Soy up on prospects for Chinese demand
U.S. dollar strength drags on wheat, corn
Chicago | Reuters — U.S. soybean futures rose on Thursday, rallying from early declines on short-covering and prospects for China to step up purchases of U.S. supplies as the U.S.-China Phase One deal goes into effect in days, traders said. But wheat and corn futures fell, pressured by a stronger U.S. dollar, worries about economic […] Read more
U.S. grains: Wheat rallies from near two-month low
Chicago | Reuters — U.S. wheat futures rose on Wednesday, rebounding from a near two-month low with support from a broad rally in commodities and Wall Street equities tied to optimism that the coronavirus epidemic will be contained, traders said. Corn and soybean futures also advanced. Chicago Board of Trade March wheat settled up 5-1/2 […] Read more
U.S. grains: Wheat sags on adequate world supplies, fund selling
Corn follows wheat lower; soy flat
Chicago | Reuters — U.S. wheat futures fell to a seven-week low on Tuesday as signs of adequate global supplies and softening world cash prices triggered a round of what appeared to be fund-driven long liquidation, analysts said. Corn futures also fell while soybeans ended flat to fractionally higher after the U.S. Department of Agriculture […] Read more
U.S. grains: Soybeans up as China pledges to fulfill purchases
Chicago | Reuters — U.S. soybean futures rose for a sixth straight session on Monday on expectations that Beijing will meet the purchasing targets agreed in the Phase One trade deal with Washington, although concerns about the coronavirus outbreak in China capped gains. The most active soybean futures contract on the Chicago Board Of Trade […] Read more
Prairie cash wheat: Lower loonie strengthens bids
MarketsFarm — Wheat bids in Western Canada for the week ended Thursday were up for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat. Bids for Canada Western Amber Durum (CWAD) were steady to higher. The Canadian dollar was down by approximately four-10ths of a cent during the week, which provided support […] Read more
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