Chicago | Reuters — U.S. soybean and wheat futures extended gains to multi-month peaks on Tuesday, lifted largely by technical and investment fund buying, traders and analysts said. Corn also rose at the Chicago Board of Trade, with all three agriculture future contracts gaining as part of a broad commodities rally. The dollar declined against […] Read more
U.S. grains: Wheat, soy jump to multi-month highs on fund buying
U.S. grains: Wheat surges over three per cent
Chicago | Reuters — Wheat futures on the Chicago Board of Trade surged more than three per cent on Monday, notching their biggest daily gains since October as investors liquidated a portion of the record-large short stake, traders said. Corn and soybean futures each rose to fresh multi-month highs, before trimming gains in largely technically […] Read more
U.S. grains: Corn hits four-month top on short-covering
Chicago | Reuters — U.S. corn futures hit a four-month high on Friday as concern about summer weather risk in the Midwest and dry conditions in Brazil prompted investors to cover short positions, analysts said. Soybean futures also rose, but stayed below multi-month peaks set this week, while wheat ended flat. At the Chicago Board […] Read more
U.S. grains: Soy falls from eight-month top
Chicago | Reuters — U.S. soybean futures fell nearly one per cent on Thursday on profit-taking and softening cash markets following a four-session advance that lifted the spot May contract to an eight-month high, traders said. Wheat futures ended lower one day after setting a one-week high. But corn settled modestly higher, supported by stronger-than-expected […] Read more
CBOT weekly outlook: Soy, corn may be nearing highs
CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved higher during the week ended Wednesday, with soybeans leading to the upside on the back of fund buying. The May soybean contract moved above $9.53 Wednesday, which marks the midpoint between the highs and lows of the past year (all figures […] Read more
U.S. grains: Corn jumps three per cent, most in seven months
Chicago | Reuters –– Front-month U.S. corn futures rose three per cent on Wednesday, their biggest single-day advance since September, on short-covering and concerns about planting prospects in the Midwest, analysts said. Concerns about South American weather lent support. Soybean futures also charged higher, buoyed by chart-based buying and data showing strong demand from China, […] Read more
U.S. grains: Soybeans set eight-month highs in comeback rally
Chicago | Reuters — U.S. grain futures jumped on short-covering and technical buying on Tuesday, with soybeans closing at eight-month highs after a see-saw session. Heavy buying by commodity investors helped drive the gains, with funds snapping up an estimated 15,000 soybean contracts and 20,000 corn contracts at the Chicago Board of Trade, traders said. […] Read more
U.S. grains: Wheat to five-week low on forecasts for rains
Chicago | Reuters — U.S. wheat futures fell three per cent to a five-week low on Monday as weekend rains in the U.S. Plains, and forecasts for more next weekend, eased worries about yield prospects, traders said. Corn followed wheat down, but soybeans rose to an eight-month high on technically driven trade. At the Chicago […] Read more
Corn, wheat prices seen hitting 10-year lows in 2016
Geneva | Reuters — Hefty supplies, large expected crops and poor U.S. exports will weigh on grain prices later this year with corn and wheat set to drop to 10-year lows as harvest nears, consultancy AgResource said Friday. In its first 2016 price forecast, the U.S.-based consultancy forecast Chicago Board of Trade (CBOT) December corn […] Read more
U.S. grains: Wheat dips again on weak sales, improving crop
Reuters — Chicago wheat dropped on Thursday for the fourth straight session on lacklustre weekly export sales and the improving condition of the U.S. winter crop. Soybeans slid in a correction from Monday’s highest price since Aug. 17 and corn rose on speculation U.S. farmers may switch some acres to soy. The most-active May wheat […] Read more