Chicago | Reuters — U.S. wheat futures fell to a three-month low on Tuesday, pressured by ample global supplies and technical selling, analysts said. Corn futures also hit a three-month low, turning down as wheat sagged and storms brought crop-friendly rains to the Midwest. But soybean futures clung to modest gains, supported by declining U.S. […] Read more
U.S. grains: Wheat slides on global supplies, drags corn lower
U.S. grains: Corn, soybeans slide on beneficial weekend rains
Chicago | Reuters — U.S. corn futures fell 1.6 per cent on Monday and soybean futures also declined after much-needed rains crossed dry areas of the Corn Belt over the weekend, bolstering crop production prospects, analysts said. Wheat followed the softer trend. Chicago Board of Trade December corn settled down 6-1/4 cents at $3.74-1/2 per […] Read more
U.S. grains: Corn, soy, wheat rise but post big weekly losses
Chicago | Reuters — U.S. corn, soybean and wheat futures rose on Friday on a technical rebound as traders evened up positions after the grains market posted sharp declines during the week. The heavy weekly losses — corn posted its biggest weekly drop in percentage terms since June 2016 — stemmed from a surprise boost […] Read more
U.S. grains: Corn futures break losing streak
Chicago | Reuters — U.S. corn futures steadied near a three-month low on Thursday as traders said the market was oversold following sharp declines stemming from a bearish U.S. Agriculture Department harvest forecast issued on Monday. Soybean futures traded higher overnight but turned lower after a weak export sales report. Soy futures settled near session […] Read more
CBOT weekly outlook: Corn estimates, U.S./China talks befuddle
MarketsFarm — For Steve Georgy, the events of this week have left him somewhat gobsmacked. The president of Allendale Inc. at McHenry, Ill. said he didn’t completely buy the numbers in the August supply and demand report issued Monday by the U.S. Department of Agriculture (USDA). And Georgy has been wondering why the U.S. “punted” […] Read more
U.S. grains: Corn, soybean futures fall
Chicago | Reuters — U.S. corn futures fell 1.5 per cent on Wednesday, with investors shedding risky assets as concerns about the global economy spilled over into the grain markets. Forecasts for some rain in key growing areas of the U.S. Midwest in the coming weeks added to the pressure on the corn market and […] Read more
U.S. grains: Corn futures extend losses after USDA harvest view
Chicago | Reuters — Chicago Board of Trade corn futures sank for the second day in row on Tuesday, dropping 4.1 per cent to a three-month low as the U.S. Agriculture Department’s unexpected boost to its U.S. production forecast continued to weigh heavily on the market, traders said. Soybean futures made up most of the […] Read more
U.S. grains: Corn plunges most in three years on crop estimate surprises
Chicago | Reuters — Chicago corn futures fell nearly six per cent on Monday, their biggest drop in more than three years, after the U.S. Department of Agriculture forecast a bigger-than-expected harvest. USDA forecast the 2019-20 corn crop at 13.901 billion bushels, above the 13.875 billion bushels expected in July. A Reuters poll of analysts […] Read more
U.S. grains: Soy firm, corn mixed ahead of USDA report
Chicago | Reuters — U.S. soybean futures jumped to a 1-1/2-week high on Friday and posted their first weekly gain in a month, lifted by technical buying and short-covering amid concerns that dry U.S. Midwest weather would limit crop production. Corn and wheat were mixed as investors squared positions ahead of an eagerly awaited U.S. […] Read more
U.S. grains: Soy, corn close higher
Chicago | Reuters — U.S. soybean and corn futures settled up on Thursday, as traders squared their positions ahead of a U.S. government report next week expected to clarify how many acres were planted of the two crops. Dealers said a rebound in energy prices provided some support, although there remained ongoing concerns in the […] Read more
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