Chicago | Reuters — U.S. grain and soybean futures stabilized on Thursday after a decline swept them to their lowest prices in nearly a month. Fundamental news about supplies and demand was scarce, leading to a trading session mostly driven by technical factors, analysts said. “We need some sort of news, especially some bullish news, […] Read more
U.S. grains: Soy, corn stabilize after falling to one-month lows
U.S. grains: Soy, corn, wheat near one-month lows
Chicago | Reuters — U.S. corn, soybean and wheat futures approached one-month lows on Wednesday on worries over export demand and increasing competition for global sales. Traders were disappointed that there were no signs of additional sales of U.S. soybeans to China, the world’s top importer of the oilseed, or of corn. China bought U.S. […] Read more
U.S. grains: Soy falls as traders wait for more sales to China
Chicago | Reuters — U.S. soybean futures neared a one-month low on Monday as traders watched and waited for China to make further purchases after re-entering the market recently as trade tensions eased. Corn futures also came under pressure from disappointment over a lack of demand from China, traders said. China bought U.S. soybeans on […] Read more
Falling U.S. futures weigh on Prairie wheat bids
CNS Canada — Hard red spring wheat bids in Western Canada lost ground during the week ended Friday, as losses in U.S. futures more than offset the supportive influence of the declining Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3-$11 per tonne over the course […] Read more
U.S. grains: Wheat drops as Russia lessens export curb fears
Chicago | Reuters –– U.S. wheat futures fell nearly two per cent on Friday after Russia raised its grain export forecast and dampened speculation that tight supplies would prompt curbs on overseas shipments from the world’s biggest wheat supplier. Soybeans dropped to a three-week low as favourable weather boosted crop prospects in South America, overshadowing […] Read more
U.S. grains: Soybeans rise as China buys more U.S. shipments
Chicago | Reuters — U.S. soybean futures rose for a second straight session on Tuesday as Chinese importers booked U.S. shipments in the second wave of purchases since striking a trade war truce with Washington earlier this month. Corn also firmed as traders anticipated import purchases by China as part of the detente, which included […] Read more
U.S. grains: Soybeans firm on hopes for more sales to China
Reuters — U.S. soybean futures firmed on Monday after two sessions of declines as traders anticipated more purchases by China after the world’s top soy importer last week booked its first U.S. shipments in six months. Wheat futures climbed, supported by a weaker U.S. dollar and rising wheat prices in top exporter Russia. Corn prices […] Read more
U.S. grains: Soybeans down again, corn ends higher
Chicago | Reuters — U.S. soybean futures fell on Friday for a second session as traders reacted to smaller-than-expected purchases this week by China coupled with ballooning global supplies, traders said. Corn futures firmed on prospects for China to start buying U.S. supplies of the yellow grain, while wheat declined, consolidating a day after reaching […] Read more
U.S. grains: Soybeans sag as China sale fails to impress
Chicago | Reuters — U.S. soybean futures fell to a one-week low on Thursday as confirmation of a 1.13 million-tonne U.S. soybean sale to China failed to impress traders who are shifting their focus to burdensome U.S. and global supplies, analysts said. Wheat futures rose, almost hitting a two-month top, supported by signs of rising […] Read more
U.S. grains: Soybeans rise as China buys U.S. supplies
Chicago | Reuters — U.S. soybean futures hit a 4-1/2-month high on Wednesday as China bought U.S. soybeans for the first time since U.S. President Donald Trump and his Chinese counterpart Xi Jinping met in early December. State-owned Chinese companies bought at least 500,000 tonnes of U.S. soybeans, two U.S. traders said, in deals valued […] Read more