Chicago | Reuters — U.S. soybeans extended losses on Tuesday to touch a one-week low on long liquidation and technical selling ahead of a monthly government supply and demand report, more than offsetting strong import demand from China. Corn ticked up, recovering slightly from Monday’s slide of more than two per cent as traders unwound […] Read more
U.S. grains: Soybeans sink on liquidation ahead of USDA report
U.S. grains: Corn, soy drop from multi-week highs on profit-taking
Chicago | Reuters — U.S. soybean futures fell on Monday for the first time in six sessions and corn dropped after two sessions of gains on profit-taking and as traders took positions ahead of a government crop report due later this week. Wheat futures closed lower as earlier technical buying and short-covering support faded amid […] Read more
U.S. EPA asks court to pull registration for Enlist Duo
UPDATED, Nov. 25, 2015 — Chicago | Reuters — The U.S. Environmental Protection Agency (EPA) is seeking court approval to withdraw registration of Dow AgroSciences’ herbicide Enlist Duo, as the agency studies new information regarding the product’s impact on non-target plants, according to court documents filed late Tuesday. The EPA approved the herbicide for sale […] Read more
U.S. grains: Wheat drops on improving crop conditions, big stocks
Chicago | Reuters –– U.S. wheat futures fell more than two per cent on Tuesday, giving up all the prior session’s gains, as a further improvement in the condition of the U.S. winter crop placed attention back on ample global supply of the staple cereal. Corn prices eased, following wheat lower and further pressured by […] Read more
U.S. grains: Soybeans bounce from 6-1/2-year low
Chicago | Reuters –– U.S. soybeans rebounded on Monday on technical buying and short covering after hitting a 6-1/2-year low following the weekend election in Argentina of a president who has promised to cut export taxes and boost production. Corn and wheat prices on the Chicago Board of Trade recovered from earlier losses tied to […] Read more
U.S. grains: Corn, soybeans rebound after USDA data-driven decline
Chicago | Reuters — U.S. corn and soybean futures edged higher on Wednesday on consolidation and technical buying after hitting contract lows a day earlier due to bearish U.S. Department of Agriculture supply and demand forecasts. Wheat closed firm after prices hit two-week lows on Tuesday, with a sluggish export pace overhanging the market. USDA […] Read more
U.S. grains: Corn, soy sink to new lows after bearish USDA report
Chicago | Reuters — U.S. corn and soybean futures fell to contract lows on Tuesday after the U.S. Department of Agriculture raised its 2015 harvest forecasts by more than expected and increased estimates for end-of-season stocks. Wheat futures slumped for a third straight session and hit a two-week bottom on technical selling and on a […] Read more
World corn stocks hit record high on cut in China use: USDA
Chicago | Reuters — The U.S. Department of Agriculture unexpectedly revised its global coarse grain supply estimate on Tuesday, saying Chinese feed millers were using feeds other than corn at a higher rate than previously thought over the past three years. Along with an increase in USDA’s 2015 U.S. corn production forecast and cuts to […] Read more
U.S. grains: Wheat tumbles on profit-taking
Chicago | Reuters — U.S. wheat futures plunged more than four per cent on Monday on profit-taking and improving weather in some key wheat producing areas amid concerns that increasing global supplies will restrict U.S. wheat export demand. Corn futures fell for a third straight session and hit a two-month low on spillover pressure from […] Read more
U.S. grains: Soybeans rebound on strong exports, soymeal
Chicago | Reuters — U.S. soybean futures rebounded on Tuesday after three sessions of declines on steady export demand and higher soymeal prices, although gains were capped by beneficial rains in dry production areas of Brazil, the world’s top supplier. Corn futures eased on a bumper U.S. harvest and sluggish export demand. Wheat was mixed, […] Read more
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