Chicago | Reuters — U.S. grain and soy futures edged higher on Monday, with some wheat contracts rising more than one per cent as weather forecasts showed little rain relief for dry wheat crops in the Plains or drought-affected grain belts in major exporter Argentina. Global benchmark Chicago Board of Trade May wheat was up […] Read more
U.S. grains: Wheat, soybeans firm
U.S. grains: Wheat, corn, soy rebound on short-covering
Chicago | Reuters — U.S. wheat and corn futures rose on Wednesday, bouncing from contract lows hit the previous session as traders covered short positions, traders said. Soybean futures also firmed after sagging on Tuesday following the release of a U.S. government report that highlighted the bearish global supply situation. Chicago Board of Trade soft […] Read more
U.S. soybean, wheat ending stocks seen up as exports fall
Washington | Reuters — Stockpiles of U.S. soybeans and wheat are expected to rise due to lower export demand amid heightened competition from rival global suppliers, government data on Tuesday showed. In a monthly supply and demand report, the U.S. Agriculture Department (USDA) raised its ending stocks forecast for domestic wheat and soybeans, and trimmed […] Read more
U.S. grains: Corn falls four per cent after USDA data
Chicago | Reuters — U.S. corn futures fell four per cent on Wednesday after the U.S. Department of Agriculture raised its U.S. old- and new-crop corn ending stocks forecasts more than most analysts expected. Wheat and soybeans followed corn lower, with rains in Iowa and Illinois this week adding pressure. Chicago Board of Trade September […] Read more
U.S. grains: Soybeans hit two-month low on huge Brazil crop
Chicago | Reuters — U.S. soybean futures hit a two-month low on Thursday, pressured by rising government forecasts for a record-large Brazilian soy harvest, traders said. Corn futures also declined on forecasts for big South American crops, and wheat followed the weak trend. The Chicago Board of Trade May soybean futures contract settled down 10-3/4 […] Read more
U.S. grains: Soy, corn jump on Argentine dryness
Chicago | Reuters — U.S. soybean and corn futures rose one per cent on Friday, buoyed by technical buying and concerns over dry growing conditions in Argentina in the wake of U.S. Department of Agriculture crop data at midday that was deemed neutral, traders said. Wheat futures also rallied at the Chicago Board of Trade, […] Read more
Canary seed carryout most likely underestimated
CNS Canada — Canary seed could be looking at a carryout 10 times the size at which Agriculture and Agri-Food Canada had pegged it, according to one processor. Ending stocks for the recently finished 2015-16 crop year are currently estimated at only 5,000 tonnes, according to the latest AAFC Outlook for Principal Field Crops report. […] Read more
CBOT weekly outlook: Soybeans surge with USDA report
CNS Canada — Corn and soybean contracts on the Chicago Board of Trade both posted gains during the week ended Wednesday, and further advances are likely, according to an analyst. Agricultural markets were sent into a flurry of activity Tuesday when the U.S. Department of Agriculture released a report that slashed the outlook for both […] Read more
USDA raises U.S. corn end stocks view; cuts wheat, soy
Washington | Reuters –– The U.S. government raised its outlook for domestic corn supplies by less than expected on Thursday, while its lowered projection for soybean ending stocks was in line with market forecasts. Corn stocks for the end of the 2014-15 marketing year were seen at 1.827 billion bushels, 50 million bushels more than […] Read more
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