Chicago | Reuters — U.S. grain futures rose on Tuesday, with soybeans touching a one-week high, on worries that a heat wave may threaten crops later this summer. Concerns about the risk of damaging weather overshadowed a new report from the U.S. Department of Agriculture, which predicted a big domestic soybean harvest will help offset […] Read more
U.S. grains: Soybeans jump on worries heat may threaten crops
U.S. grains: Corn, wheat, soy sag ahead of USDA reports
Chicago | Reuters — U.S. corn futures fell on Monday, as investors braced themselves on the eve of a monthly U.S. Department of Agriculture report that analysts expected to project rising domestic corn stockpiles. Wheat and soybeans followed corn lower, although forecasts for hot weather in the U.S. Midwest crop belt later this month underpinned […] Read more
U.S. grains: Bargain hunting, weather concerns support soy, corn gains
Chicago | Reuters — U.S. soybean and corn futures rallied on Friday on a bargain-buying bounce after declining sharply earlier in the week. Concerns about hot and dry weather stressing both crops as they head toward key developmental phases added to the strength. “Traders continue to have concerns about forecasts calling for hot and dry […] Read more
U.S. grains: Soybeans fall, pull corn from highs
Chicago | Reuters — U.S. soybean futures plunged 4.7 per cent to their lowest in nearly two months on Thursday, weighed down by forecasts for good weather for crop development across the U.S. Midwest. The sharp drop in soybeans weighed on corn, which settled close to unchanged as traders locked in profits from a surprise […] Read more
CBOT weekly outlook: Favourable weather drops corn, soy prices
CNS Canada — Corn and soybean futures at the Chicago Board of Trade recorded losses during the week ended Wednesday, feeling pressure from favourable weather. Further declines are likely given the nearby forecasts, according to an analyst. “It’s all about the weather right now,” said Terry Reilly of Futures International in Chicago. “Over the weekend […] Read more
U.S. grains: Good weather sparks selling in CBOT corn, soybeans
Chicago | Reuters –– U.S. corn futures tumbled 2.4 per cent to a 21-month low on Wednesday, falling for a fifth session in a row as good weather for crop development raised expectations of a bountiful harvest in the fall. Soybeans also fell on pressure from an outlook for good weather across broad swaths of […] Read more
U.S. grains: Wheat, soybeans, corn fall on rising supply view
Chicago | Reuters –– U.S. wheat futures sank to multi-year lows on Friday, pressured by an ample global stockpile that was expected to grow even larger due to a bountiful harvest, traders said. Corn and soybean futures also weakened, with soybeans settling back from a rally on Thursday that pushed prices to a two-week high. […] Read more
U.S. grains: USDA report pushes wheat to six-year low, corn to 11-week low
Chicago | Reuters –– U.S. wheat futures sank to a six-year low on Thursday and corn futures hit an 11-week low after the agriculture department said farmers had planted more of the grains than expected. Soybean futures soared to two-week highs as plantings fell short of analysts’ estimates. The U.S. Department of Agriculture (USDA), in […] Read more
CBOT weekly outlook: Corn, soy to fall on weather, post-report
CNS Canada — Corn and soybean futures at the Chicago Board of Trade are moving into position ahead of two key reports, but following that data, the market will shift back into weather trading, one U.S. analyst says. Corn — Corn futures moved lower on the week ended Wednesday, as traders exited long positions with […] Read more
U.S. grains: Wheat, corn fall sharply
Chicago | Reuters — U.S. wheat futures fell on Wednesday, extending their decline under pressure from the ongoing harvest of a bountiful crop in the Plains and the Midwest which threatens to add to a glut of supplies that is largely being shunned by overseas buyers. Corn futures also dropped, pressured by forecasts for rain […] Read more