Chicago | Reuters — U.S. wheat and corn futures firmed slightly on Wednesday, supported by a round of bargain buying, traders said. Wheat received additional support from a weakening dollar and hopes that export demand for U.S. supplies will perk up in the coming weeks amid a production shortfall in Europe. Export demand also provided […] Read more
U.S. grains: Wheat, corn futures edge higher
U.S. grains: Soy, corn drop on record U.S. crop view, firmer dollar
Chicago | Reuters –– U.S. soybean futures dropped more than two per cent on Tuesday, extending the previous session’s steep losses after the U.S. Department of Agriculture raised its production forecast well above market expectations. Corn futures also fell as USDA projected a record-large U.S. crop that would outstrip demand, and as updated acreage data […] Read more
U.S. grains: Corn, soy at multiweek highs on positioning ahead of USDA
Chicago | Reuters — U.S. corn and soybean futures finished narrowly higher on Friday, capping big weekly gains in a choppy session of light-volume trading ahead of the U.S. Department of Agriculture’s monthly supply and demand report next week. Chicago Board of Trade corn futures hit a 2-1/2-week high and soybeans finished at the highest […] Read more
U.S. grains: Corn hits two-week high on short-covering
Chicago | Reuters — U.S. corn futures climbed more than one per cent to a two-week high on Thursday as investors exited short positions ahead of the U.S. Department of Agriculture’s monthly crop report due on Monday, when the government is expected to trim corn yields. Soybean futures reversed from small losses and turned higher […] Read more
CBOT weekly outlook: Corn, soybean rallies short-lived
CNS Canada — Corn and soybean futures at the Chicago Board of Trade both recorded gains during the week ended Wednesday. Prices were pushed higher as traders prepared for subcontracts to come off the board next week; however, gains are expected to be short-lived, said one analyst. “I think we’re just seeing a dead cat […] Read more
U.S. grains: Soy, corn, wheat gain ahead of USDA supply data
Chicago | Reuters –– U.S. corn, soybeans and wheat each rose one per cent or more on Wednesday, lifted by short-covering linked to export demand prospects and expectations of bullish supply data due next week from the U.S. Department of Agriculture. USDA earlier said exporters sold 484,000 tonnes of U.S. soybeans to China and unknown […] Read more
U.S. grains: Soy ends firm, rebounding from last week’s multi-month lows
Chicago | Reuters — U.S. soybean futures rose on Tuesday on reminders of fresh export demand, extending a modest rebound from multi-month lows set last week, traders said. Wheat futures drifted lower after a long U.S. holiday weekend while corn ended steady to slightly higher, with the benchmark December corn contract settling unchanged. At the […] Read more
U.S. grains: Wheat rises for a second day on short-covering
Singapore/Paris | Reuters, 7:01 a.m. CT –– Chicago wheat futures prices rose for a second session on Friday with short-covering ahead of the Labour Day holiday weekend supporting prices, although the trend was set for a second week of declines amid plentiful world supplies. Corn was up for a second day, recovering from a multi-year […] Read more
U.S. grains: Bargain buyers boost corn, wheat from multi-year lows
Reuters — Chicago corn and wheat rose on Thursday as investors covered short positions and bought at bargain prices after the grains plumbed multi-year lows during eight-day skids on prospects of abundant U.S. and world supplies. Most-active soybeans edged higher, halting a seven-day losing streak under pressure from an expected record U.S. crop. Chicago Board […] Read more
CBOT weekly outlook: Further downside ahead for soy, corn
CNS Canada –– Soybeans and corn at the Chicago Board of Trade lost ground on the week, and harvest pressure could cause further declines in coming sessions, one U.S. analyst says. Soybeans – Soybean prices settled at a key technical level on Wednesday, which means traders will be closely watching the market for indications on […] Read more