Chicago | Reuters — U.S. wheat futures touched a two-week high above US$5 a bushel on Friday on reduced expectations for France’s harvest while corn prices rose on concerns over unfavourably hot U.S. crop weather. Soybean futures touched a one-week low after a bout of selling late in the trading session erased earlier gains. An […] Read more
U.S. grains: Wheat sets two-week high
U.S. grains: Corn, soybeans sink to 1-1/2 week lows
Chicago | Reuters — U.S. corn and soybean futures drifted lower on Thursday ahead of a key U.S. government report due on Friday expected to raise estimates of U.S. 2018 corn and soybean plantings. Wheat also eased, pressured by an accelerating U.S. winter crop harvest and reports of higher-than-expected yields in some areas. Favourable crop […] Read more
CBOT weekly outlook: Soybeans should benefit as China lifts tariffs
CNS Canada — The $9 a bushel mark seems like a distant memory for soybeans as import tariffs between China and the U.S. continue to sap buying interest in the crop. China buys roughly 60 per cent of the United States’ annual soy exports — and there’s no telling when or how that shortfall will […] Read more
U.S. grains: Bargain buying lifts CBOT wheat
Chicago | Reuters — U.S. wheat futures rose on Wednesday on bargain buying after a three-session sell-off pushed the Chicago Board of Trade September contract to a one-week low, traders said. CBOT soybeans and corn ended flat to firmer, consolidating after recent declines and as investors awaited two key U.S. government crop reports later this […] Read more
U.S. grains: Wheat slides as harvest progresses
Chicago | Reuters — U.S. wheat futures sagged on Tuesday, with the K.C. hard red winter wheat market hitting its lowest in nearly five months on fund-driven long liquidation and pressure from the harvest in the southern Plains, traders said. Soybeans were also lower while corn ended modestly higher as traders awaited key U.S. Department […] Read more
U.S. grains: Soybeans lower on trade row
Chicago | Reuters — U.S. soybean futures fell about two per cent on Monday on generally favourable Midwest crop weather and worries about trade with China, the world’s biggest soy importer, traders said. Corn and wheat futures also declined. July soybean futures on the Chicago Board of Trade settled down 20 cents at $8.74-1/2 per […] Read more
U.S. grains: Soy, corn fall for fourth week over trade tensions
Chicago | Reuters — U.S. soybean and corn futures posted losses for the fourth straight week on worries about the escalating trade dispute between the U.S. and China, although prices rose for the day on Friday as some traders covered short positions. Soybeans ended 1.2 per cent lower on the week, after plunging to their […] Read more
U.S. grains: Wheat jumps on global crop worries
Chicago | Reuters — U.S. wheat futures climbed for a second straight day on Thursday on bargain buying following the market’s recent drop and on a weather-reduced wheat crop in Russia, the world’s top exporter. Corn followed wheat higher, underpinned by concerns that heavy rains and flooding in parts of the U.S. Midwest could drag […] Read more
U.S. grains: Soy futures consolidate day after 10-year low
Chicago | Reuters — U.S. soybean and corn futures ended nearly flat on Wednesday, consolidating one day after the front soybean contract plunged to a near 10-year low on trade tensions and favorable Midwest crop weather, analysts said. Chicago Board of Trade wheat futures rose more than two per cent in technical moves, including traders […] Read more
CBOT weekly outlook: Tariff spats put markets in precarious spot
CNS Canada — The Chicago Board of Trade soybean market is in recovery mode following a wild day where contracts hit nearly a 10-year low. “It was one of the craziest days we’ve seen in recent memory yesterday. And volume was just absolutely through the roof,” said Terry Reilly, a senior commodity analyst with Futures […] Read more
Cyber-Savvy Farmer
