U.S. soybeans rallied for the first time in three sessions on Tuesday as port congestion in Brazil during the harvest of its bumper crop helped drive up cash prices in the United States. But trading volume was light and corn lost ground as traders evened positions ahead of a U.S. government report on Thursday that’s […] Read more
U.S. soybeans jump on South American shipping delays
U.S. grains ease as crop, supply prospects improve
U.S. grains edged lower on Monday as crop-friendly snowfall and rains moved across the U.S. Corn Belt and traders squared positions ahead of a major government crop report due later this week. Wheat futures declined from the one-month high notched last week while soybean futures eased for a second straight session, with bumper harvests in […] Read more
U.S. agribusiness frets over sequestration
U.S. farmers and agribusiness companies are worried that across-the-board federal budget cuts will snarl the supply channels for everything from milk and broiler chickens to grain shipments, but many are hopeful that the Obama administration and Republican opponents will find a compromise before major disruptions hit the food system. Most immediate concerns center on federal […] Read more
U.S. wheat jumps most in any week since July
U.S. wheat rose to a three-week high on Friday, posting its biggest weekly gain since July, as drought conditions deepened in the southern Plains wheat belt where the crop was in the worst condition in history before its winter dormancy. Wheat, corn and soybeans each had their second straight weekly gain, with dry weather in […] Read more
U.S. corn snaps long rally on profit-taking
U.S. corn fell for the first time in nine sessions on Thursday, shedding nearly one per cent and snapping the longest rally since June, as traders locked in profits and futures entered overbought territory. Soybean and wheat futures also declined at the Chicago Board of Trade (CBOT), with soybeans hitting technical resistance despite the best […] Read more
U.S. corn rises eighth day as South America stays dry
U.S. grains rose on Wednesday, with corn rebounding from early losses to post the longest rally since June, as dry weather in South America and the United States stoked fears that the slimmest grain stocks in six years could tighten further. Soybeans rallied 1.7 per cent at the Chicago Board of Trade (CBOT), rising for […] Read more
U.S. wheat hits three-week high on winterkill fears
U.S. wheat futures jumped two per cent on Tuesday, hitting the highest price in three weeks as fears mounted that a return to dry weather in the drought-stricken southern Plains would damage the dormant crop. Corn futures rose for the seventh straight session, the longest rally since June, as conditions turned dry in Argentina, while […] Read more
U.S. corn posts longest rally since June on tight stocks
U.S. grains notched their highest prices in three weeks on Monday, with corn posting its longest rally since June after a government report last week forecast stockpiles in the world’s top producer to hit a 17-year low by summer’s end. Soybean futures jumped more than three per cent for the biggest daily bounce since August […] Read more
U.S. wheat tumbles on weak exports
U.S. wheat futures tumbled more than two per cent on Friday, concluding their biggest two-month slide in a year as weak U.S. exports and large deliveries fueled selling after a run-up in prices earlier in the week. End-of-the-month liquidation put added pressure on wheat, which posted its biggest daily decline in nearly three weeks. Soybeans […] Read more
Soy at three-week high on U.S. exports, wet Argentina
U.S. soybeans rose to a three-week high on Thursday, bolstered by strong soy product exports and forecasts for continued wet weather during the planting season in Argentina. Wheat futures were lower for the first time in eight sessions and corn shed as much as one per cent, pressured by disappointing grain exports and by profit-taking […] Read more
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