Chicago | Reuters — Chicago Board of Trade wheat futures sank 1.4 per cent on Tuesday to their lowest in nearly six years, weighed down by huge global supplies and spillover weakness from falling crude oil, traders said. The amply stocked supply chain also weighed on corn and soybean futures as the start of the […] Read more
U.S. grains: Wheat drops to lowest since 2010
U.S. grains: Strong exports support corn, soybeans
Chicago | Reuters — U.S. soybean futures rose to their highest in nearly three weeks on Monday, supported by technical buying and signs of stronger-than-expected export demand, traders said. Overseas interest for U.S. supplies also supported corn futures, which rose to their highest since Feb. 5, while wheat weakened due to a firm dollar and […] Read more
U.S. grains: Prices steady on short-covering, gain for week
Chicago | Reuters –– U.S. grain and soybeans were roughly flat on Friday, stabilizing amid a lack of fresh fundamental news following steep gains earlier this week tied mostly to investor short-covering, traders and analysts said. Corn and soybean futures each were unchanged to slightly lower at the Chicago Board of Trade after prices failed […] Read more
U.S. grains: Wheat down on ample supplies
Chicago | Reuters — Chicago Board of Trade wheat futures fell more than one per cent on Thursday, easing from a two-session rally as traders returned their focus to record-large global inventories and poor export demand for U.S. supplies, traders said. Corn and soybean futures also declined. At the CBOT, March wheat settled down 6-1/4 […] Read more
CBOT weekly outlook: Soy, corn ‘starving for news’
CNS Canada –– Soybean and corn futures at the Chicago Board of Trade moved higher during the week ended Wednesday, as both commodities saw a short-covering correction off of nearby lows. However, large supplies and looming South American harvests remain bearish for the two crops, likely keeping the futures bouncing around in a sideways pattern […] Read more
U.S. grains: Prices jump on short-covering, oil rise
Chicago | Reuters –– Chicago Board of Trade corn futures gained for the second straight day on Wednesday, as the grain market enjoyed a price bump from investors continuing to cover short positions and as crude oil prices rose. Front-month CBOT March corn cracked through several moving averages during the day — including the 50-day […] Read more
U.S. grains: Prices rise on short-covering, slow loadings in Brazil
Chicago | Reuters –– U.S. soybean futures climbed to a 1-1/2-week high on Tuesday while wheat and corn each gained about one per cent, boosted by investor short-covering and a backlog of export loadings at Brazilian ports. Prices rose as trade resumed following a three-day weekend due to Monday’s U.S. Presidents Day holiday. They were […] Read more
U.S. grains: Exports spark gains in soybeans
Chicago | Reuters –– U.S. soybean futures rose 1.3 per cent on Thursday as the U.S. Agriculture Department’s report of stronger-than-expected exports spurred a round of short-covering, traders said. Corn futures were steady to weak, with the front-month contract settling unchanged while deferred contracts posted modest declines. Corn had fallen for six days in a […] Read more
CBOT weekly outlook: Corn, soybeans stuck in trading range
CNS Canada — Corn and soybeans at the Chicago Board of Trade are stuck in a rut, according to one U.S. analyst, as fresh data revealed high supplies of both commodities. Corn – Since last week corn futures have shed 10.75 cents per bushel in the March contract, and 10.75 cents per bushel in the […] Read more
U.S. grains: Wheat rises on bargain buying
Chicago | Reuters — Chicago Board of Trade wheat futures firmed Wednesday, edging higher on a round of bargain buying and short-covering a day after prices hit their lowest in nearly six years, traders said. Corn and soybean futures were close to unchanged for most of the day but closed in negative territory. A bearish […] Read more