Chicago | Reuters — Chicago wheat, corn and soybean futures were lower on Wednesday as investors squared up their positions ahead of a monthly U.S. Department of Agriculture report due on Thursday, traders said. Prices for each crop have cooled from last week’s multimonth highs amid dry growing conditions for U.S. wheat and Argentine corn […] Read more
U.S. grains: Wheat, soy tick lower ahead of USDA report
U.S. grains: Wheat eases on stable crop conditions after price surge
Chicago | Reuters — U.S. winter wheat futures fell on Tuesday as crop conditions stabilized in the dry Plains growing region and buying interest waned following a surge that brought prices to an eight-week high last week, traders said. Chicago Board of Trade May wheat futures eased 2-1/4 cents to $5.07 per bushel, trimming declines […] Read more
U.S. grains: Wheat, soybeans firm
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 drops on profit-taking
Chicago | Reuters — Chicago Board of Trade wheat futures sank 3.2 per cent on Friday, following a six-day rally that had pushed prices to their highest in 7-1/2 months, traders said. “This has just been a fantastic week of gains,” said Bill Gentry, a broker at Risk Management Commodities. “The funds are taking a […] Read more
U.S. grains: CBOT wheat notches fifth day of gains
Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures jumped 3.3 per cent on Wednesday to their highest level in more than seven months, breaking through key technical barriers on support from concerns about crop development in the U.S. Plains, traders said. The gains in the wheat market spilled over into […] Read more
CBOT weekly outlook: Soy, corn traders shift gaze to U.S.
CNS Canada — As February ends, attention is shifting from South America to the U.S. for traders at the Chicago Board of Trade. “We’re about to flip the calendar into March, when people start paying more attention to the conditions in the U.S.,” said Rich Feltes of RJ O’Brien in Chicago. Attention for the past […] Read more
U.S. grains: Soybeans retreat on profit-taking
Chicago | Reuters — U.S. soybean futures eased on Monday for the first time in five sessions as profit-taking undercut earlier support stemming from weather forecasts suggesting little rain in drought-hit Argentina, the world’s third-largest exporter. Corn ended higher on concerns about a shrinking crop in Argentina, the world’s No. 3 supplier. Wheat futures jumped […] Read more
U.S. grains: Argentine weather underpins corn, soy
Chicago | Reuters — U.S. corn and soybean futures firmed on Wednesday, stabilizing near recent highs on persistent concerns about dry weather in Argentina hurting crops as they pass through key stages of development, traders said. Corn’s gains were limited as the rally stalled out at the six-month high hit on Tuesday. Soybeans rose to […] Read more
U.S. grains: Wheat surges on worries about Plains dryness
Chicago | Reuters — Nearby Chicago wheat futures jumped three per cent on Wednesday and hit a four-month high on worries about dry conditions threatening yield prospects in the southern U.S. Plains, analysts said. Corn futures rose on robust export demand for U.S. supplies while soybean futures declined after a choppy session. Chicago Board of […] Read more
U.S. livestock: Weather, cash prices rally CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures turned higher on Monday, spurred by last Friday’s strong cash prices and the start this week of another round of wintry weather in parts of the northern U.S. Plains, traders said. February live cattle finished 1.65 cents/lb. at 123.55 cents (all figures US$). April ended […] Read more