Chicago | Reuters — U.S. wheat futures fell nearly two per cent on Thursday on profit-taking and expectations of slowing export demand in the wake of this week’s rally to multi-month highs, analysts said. Soybean futures also declined as the market consolidated after a run-up to a six-month peak. But corn firmed on technical buying […] Read more
U.S. grains: Wheat down on profit-taking, export fears
U.S. grains: Soy up for fourth session on Argentina crop concerns
Chicago | Reuters –– U.S. soybean futures rose on Wednesday for a fourth straight session, notching a six-month high on worries that recent heavy rains could damage crops in Argentina. Wheat and corn closed lower on a round of profit-taking after multi-month highs. Chicago Board of Trade March soybeans settled up 5-3/4 cents at $10.75 […] Read more
U.S. grains: Soybeans set six-month top
Chicago | Reuters — U.S. soybean futures rose about two per cent on Tuesday, touching a six-month high on worries about excessive rains in Argentina crimping production prospects, analysts said. Corn and wheat followed the firm trend, drawing additional support from a setback in the dollar. Chicago Board of Trade March soybeans settled up 23 […] Read more
U.S. grains: Soy up as USDA lowers crop, stocks estimates
Chicago | Reuters — U.S. soybean futures hit a 3-1/2-week high on Thursday after the U.S. Department of Agriculture cut its estimate of the 2016 soy harvest and lowered its forecast of domestic inventories, analysts said. Wheat futures advanced after the USDA said farmers planted the fewest U.S. acres to winter wheat since 1909. Corn […] Read more
U.S. grains: Wheat hits one-week low on Plains forecasts
Chicago | Reuters — U.S. wheat futures fell nearly two per cent on Wednesday on forecasts for much-needed moisture in the southern Plains, analysts said. Corn and soybean futures also declined as traders adjusted positions ahead of key crop data due on Thursday from the U.S. Department of Agriculture. Chicago Board of Trade March wheat […] Read more
U.S. grains: Soy hits six-week low on South American prospects
Chicago | Reuters — U.S. soybean futures fell to a six-week low on Tuesday on improving South American crop prospects and uncertainty about export demand from China, analysts said. Corn rose on technical buying and expectations that commodity index funds will buy grain next week as they rebalance portfolios. Wheat closed lower, retreating from early […] Read more
U.S. grains: Wheat, corn prices sag in 2016 as record supply weighs
Chicago/Reuters – U.S. wheat futures firmed on Friday on better-than-expected export data and short-covering at year’s end, analysts said, but the market was poised for an annual decline of about 13 per cent. Corn was set to finish the year down about 2 percent after the biggest-ever U.S. harvest boosted stockpiles. Both corn and wheat […] Read more
U.S. grains: Wheat, corn sag on ample supplies
Chicago | Reuters — U.S. wheat and corn futures fell on Wednesday, pressured by plentiful world feedgrain supplies and profit-taking following light rallies a day earlier, traders said. Soybean futures ended modestly higher after a choppy session, supported by fresh export demand for U.S. soy and worries about South American crop weather. Chicago Board of […] Read more
U.S. grains: Wheat ends week down 3.6 per cent
Chicago | Reuters — U.S. corn and wheat futures firmed on Friday on bargain-buying a day after falling to multi-month lows, but both grains posted weekly declines reflecting swelling global supplies. Soybeans ended modestly lower after a choppy session. Chicago Board of Trade March wheat settled up 8-3/4 cents at $4.04-1/4 per bushel and March […] Read more
U.S. grains: Wheat falls on Southern Hemisphere harvest
Chicago | Reuters — U.S. wheat futures fell on Thursday for a sixth straight session, pressured by the expanding harvest of crops in the Southern Hemisphere that should add to plentiful global grain stockpiles, analysts said. Corn futures fell on disappointing weekly U.S. export data and soybeans posted modest declines. The most-active March wheat contract […] Read more
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