Chicago | Reuters — U.S. soybean futures rose on Friday, with traders shrugging off rhetoric about escalations in a trade war between China and the U.S. to focus on fresh export deals. China warned on Friday it was fully prepared to respond with a “fierce counter strike” of fresh trade measures if the U.S. follows […] Read more
U.S. grains: Soybeans close firm despite trade threats
U.S. grains: Soybeans rally as market digests Chinese tariff threat
Chicago | Reuters — Chicago soybean futures rallied more than one per cent on Thursday as investors played down the immediate impact of proposed Chinese tariffs on U.S. supplies, a move that had sent prices plunging a day earlier. U.S. wheat futures jumped as much as two per cent, lifted by worries that cold temperatures […] Read more
CBOT weekly outlook: Shocker USDA reports leave questions for traders
CNS Canada — Two much anticipated reports from the U.S. Department of Agriculture (USDA) sent markets soaring and left traders speechless in the last trading day before the Easter holiday. USDA released its quarterly grain stocks and prospective plantings reports Thursday at 11 a.m. CT. Traders had been expecting corn area to be at 80.3 […] Read more
U.S. grains: Wheat hits two-month low
Chicago | Reuters — U.S. wheat futures dipped to two-month lows on Wednesday as improving weather for developing crops in the drought-hit southern Plains put the focus back on ample world supplies, traders said. Corn and soybean futures closed lower after a choppy session as traders squared positions a day ahead of key U.S. planting […] Read more
U.S. grains: Soybeans end lower in volatile session
Chicago | Reuters — U.S. soybean futures closed mostly lower on Friday after a wild session that saw the May soybean contract tumble to its lowest in over a month on worries about trade tensions, only to pare losses and briefly turn higher in late moves as soymeal soared. Corn closed modestly higher after notching […] Read more
U.S. grains: Wheat prices bounce after steep losses
Chicago | Reuters –– Chicago Board of Trade wheat futures rose on Tuesday in a light recovery bounce after falling to a seven-week low, but trade was cautious after weekend rains on the parched U.S. Plains offered respite for the winter wheat crop. Soybeans firmed on bargain-buying after Monday’s losses while corn edged lower after […] Read more
U.S. grains: Wheat tumbles as rains cross drought-hit Plains
Chicago | Reuters — U.S. wheat futures slid to six-week lows on Monday as much-needed rain and snow fell in dry areas of the southern Plains, pushing most-active K.C. hard red winter wheat futures down more than five per cent, traders said. Corn and soybean futures sagged on fund-driven long liquidation and as weekend rains […] Read more
U.S. grains: Wheat drops on forecast for rains
Chicago | Reuters — Chicago wheat futures dropped to a 2-1/2-week low on Friday on outlooks for rains by this weekend that should alleviate stress on some crops in the parched U.S. Plains growing region, traders said. CBOT May contract wheat settled down 11 cents at $4.67-3/4 per bushel, bringing the losses for the week […] Read more
U.S. grains: Chicago wheat sharply lower in technical sell-off
Chicago | Reuters — Chicago Board of Trade wheat fell nearly two per cent on Thursday in a technical sell-off amid outlooks for rain in the parched U.S. Plains crop belt, traders and analysts said. Disappointing weekly U.S. wheat export sales added to headwinds, with CBOT May wheat dropping 10 cents to $4.78-3/4 per bushel, […] Read more
U.S. grains: Wheat, soy drop in technical sell-off
Chicago | Reuters — Chicago wheat and soybean futures fell sharply on Friday in a technical sell-off following U.S. government data on Thursday that raised the outlook for end-of-season stockpiles of the crops, traders said. Wheat declined to a 1-1/2-week low and soy dropped 2.5 per cent, while corn futures were down about 0.7 per […] Read more