Chicago | Reuters – U.S. soybean futures dropped more than 4 percent on Friday after the U.S. Department of Agriculture (USDA) projected larger-than-expected crop yields in the United States and said U.S. and global stocks of the oilseed would swell to record highs. Corn and wheat prices also dropped as the USDA forecast a bigger average U.S. […] Read more
U.S. grains: Soybeans tumble as USDA sees record U.S. crop, huge yields
U.S. grains: Soybeans dip after weather-led gains ahead of USDA report
Chicago | Reuters – U.S. soybean futures retreated on Thursday after two sessions of gains in a profit-taking and position-squaring setback ahead of Friday’s U.S. Department of Agriculture monthly supply and demand report. Corn also slipped as traders moved to the sidelines ahead of the closely watched report, the first of the season to include field surveys […] Read more
U.S. grains: Soy firms on U.S. yield risk, hopes of renewed China trade
Chicago | Reuters – U.S. soybean and corn futures edged higher on Wednesday on declining crop conditions in the United States and forecasts for hot, dry weather in the western Midwest in the coming weeks. Soybeans drew additional support from rallying Chinese soy prices that signaled a possible resumption of buying by the world’s top […] Read more
U.S. grains: Soybeans jump as U.S. crop ratings erode, wheat retreats
Chicago | Reuters – U.S. soybean futures firmed on Tuesday after a weekly government survey lowered condition ratings for the U.S. crop by more than expected, raising concern about a smaller harvest this autumn. Wheat retreated after closing at a three-year high on Monday, weighed down by slow demand for U.S. exports despite expected crop […] Read more
U.S. grains: Soybeans end week firm; China trade war anxiety remains
Chicago | Reuters – U.S. soybean futures staged a late-session short-covering recovery on Friday after touching a one-week low amid worries about an escalating trade war between the United States and China. Corn firmed on expectations that hot, dry weather in the U.S. Midwest may limit yield potential. Wheat futures retreated as traders cashed in […] Read more
Bunge posts surprise loss on trade-related soy hedges
Chicago | Reuters – Global grains merchant Bunge Ltd reported a surprise quarterly loss on Wednesday as its agribusiness unit took a $125 million hit from soybean hedges tied to the trade dispute between the United States and China. Shares of the White Plains, New York-based company fell 2.9 percent in early trading to $67.10 […] Read more
U.S. grains: Soybeans hit six-week peak on hopes for China trade talks
Chicago | Reuters – U.S. soybean futures surged 3 percent on Tuesday to 1-1/2-month highs on hopes that the United States and China would restart stalled talks to avert a damaging trade war that has already slowed U.S. soy exports. Corn and wheat climbed along with soybeans, drawing additional support from concerns about weather-reduced harvests […] Read more
U.S. grains: Wheat rallies on dimming world crop prospects
Dry U.S. Midwest conditions support corn, soybeans
Chicago | Reuters – U.S. wheat futures rallied almost 3 percent on Monday on concerns that deteriorating crops in several key producing countries will tighten global stocks of the grain. Corn scaled to a 1-1/2-month high on spillover support from wheat and as dry conditions in parts of the U.S. corn belt trimmed harvest prospects, while […] Read more
U.S. grains: Soy sinks to new lows as trade war seen swelling supply
Chicago | Reuters — U.S. soybean futures slid to fresh lows on Friday and the most-active contract closed at the lowest in nearly a decade after a government report reinforced concerns that the trade dispute with China will dent exports and lead to a build-up in stocks. Corn futures followed soybeans lower, with additional pressure […] Read more
U.S. grains: Soybeans bounce after hitting new lows on trade war fears
Chicago | Reuters — U.S. soybean futures fell to contract lows on Thursday after the U.S. Department of Agriculture said a trade war with China would curb exports and swell supplies, but the market clawed back those losses late in the session in a short-covering bounce. Corn rallied from earlier contract lows as USDA, in […] Read more