Chicago | Reuters — U.S. corn and soybean futures rose on Wednesday as traders assessed U.S. Midwest rain forecasts after a recent dry spell, and awaited an expected revision in U.S. planting estimates following spring rains. Wheat recovered from Tuesday’s technical-driven losses, despite healthy Northern Hemisphere harvests and a steady dollar keeping a lid on […] Read more
U.S. grains: Futures inch up after choppy trading day
CBOT weekly outlook: Market bearish ahead of WASDE
MarketsFarm — Prices for commodities on the Chicago Board of Trade have been “under pressure and on the defensive” due to the lingering trade war between the U.S. and China, improved weather, and an unclear picture of planted acres. “Less threatening U.S. weather, coupled with the lack of China buying U.S. agriculture products, have definitely […] Read more
U.S. grains: Corn, soybeans ease on Midwest rains, trade worries
Chicago | Reuters — U.S. corn and soybean futures eased on Tuesday as better-than-expected rain in parts of the Midwest and forecasts for more showers lessened concerns about further yield losses in dry areas of the farm belt. Wheat futures declined as pressure from an advancing U.S. harvest and a firmer U.S. dollar dragged down […] Read more
U.S. grains: Corn futures rally on weather concerns
Chicago | Reuters — Volatility roiled the commodity grain futures markets on Monday, as uncertainty in the U.S. weather forecast supported corn and the growing tensions in the U.S.-China trade war weighed on soybeans. Wheat futures ended the day up on technical buying, traders said. China’s commerce ministry said that Chinese companies have stopped buying […] Read more
U.S. grains: Chicago soybeans edge up but post weekly loss on trade concerns
Chicago | Reuters – Chicago soybean futures edged away from the prior session’s seven-week low in a technical rebound on Friday but posted a weekly loss as an escalation in a year-long trade dispute between the United States and China weighed on the market. Corn and wheat prices were also slightly higher, boosted by bargain […] Read more
U.S. grains: Soybeans end down as Trump announces new tariffs on China
Chicago | Reuters – U.S. soybean futures closed at their lowest levels in over a month on Thursday after U.S. President Donald Trump announced new tariffs on Chinese goods while a more favorable weather outlook also sent corn prices down. Trump said he would impose an additional 10 percent tariff on $300 billion worth of […] Read more
U.S. grains: Corn futures set two-month low as improved weather hits U.S. Midwest
Chicago | Reuters – Chicago corn futures had a dismal close on Wednesday and touched a two-month low as analysts said U.S. crop weather was not threatening, while wheat and soybean prices also eased. The Chicago Board of Trade’s (CBOT) most-active corn contract settled down 11 cents, or 2.7 percent, at $4.10 a bushel. The […] Read more
U.S. grains: Corn hits two-month low on improved U.S. crop condition
Chicago | Reuters – Chicago corn futures reached a two-month low on Tuesday after a weekly U.S. Department of Agriculture (USDA) report on Monday said the U.S. crop was in better condition than analysts expected. The Chicago Board of Trade’s (CBOT) most-active corn contract settled down 6 cents, or 1.5 percent, at $4.21 a bushel. Wheat settled […] Read more
U.S. grains: Wheat rises as dry weather curbs Russian output; corn firm
Chicago | Reuters – Chicago Board of Trade (CBOT) wheat futures settled just over 1 per cent higher on Monday, climbing for the third time in the last four sessions, underpinned by lower estimates for output in top exporter Russia. Soybeans and corn settled higher after closing down on Friday, as the focus turned to […] Read more
U.S. grains: Corn futures ease as weak exports offset crop concerns
Chicago | Reuters – U.S. grain and soybean futures all ended the week lower, with corn futures falling for a third straight session on Friday, as traders reacted to sluggish U.S. export data and forecasts called for milder growing weather over the weekend. But traders said they were starting to doubt that much of the […] Read more
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