Chicago | Reuters — U.S. soybean futures plunged to their lowest level in nearly a decade on Tuesday as escalating trade tensions between the U.S. and China, the world’s biggest soy buyer, prompted fund-driven selling, analysts said. Corn and wheat followed broad declines in the commodity sector. Favourable weather in the Midwest bolstered corn and […] Read more
U.S. grains: Soy nears 10-year low on trade row, weather
U.S. grains: Corn at contract lows, soy dips below $9
Chicago | Reuters — U.S. corn futures fell to life-of-contract lows on Monday and soybeans briefly dipped below US$9 a bushel for the first time since 2016 as favourable weather outlooks bolstered yield prospects and trade tensions threatened export demand, analysts said. Chicago Board of Trade soft red winter wheat futures also sagged and K.C. […] Read more
U.S. grains: China trade spat sparks soy futures selloff
Chicago | Reuters — U.S. soybean futures plunged 2.5 per cent to a one-year low on Friday on concerns that escalations in a trade fight with China would threaten shipments to the biggest buyer of the oilseed, traders said. U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday, with […] Read more
U.S. soybeans stay on China’s retaliation list for Trump tariffs
Washington/Beijing | Reuters — U.S. President Donald Trump said he was pushing ahead with hefty tariffs on US$50 billion of Chinese imports on Friday, and the smoldering trade war between the world’s two largest economies showed signs of igniting as Beijing immediately vowed to respond in kind. Trump laid out a list of more than […] Read more
U.S. grains: Corn, soy drop to multi-month lows as weather improves
Chicago | Reuters — Forecasts for crop-boosting weather in key growing areas of the U.S. Midwest pushed corn and soybean futures to multi-month lows on Thursday, traders said. Wheat futures also were sharply lower, their second straight day of steep declines, with investors continuing to push back against a sharp rally on Tuesday amid abundant […] Read more
CBOT weekly outlook: Corn, soybeans try to halt slide
CNS Canada — The future looks hot and dusty for corn and soybeans in the U.S. Midwest and central Plains over the next week or so. While crops in the U.S. are generally off to a good start so far this year, the heat could still bring some much-needed support to both commodities. The July […] Read more
U.S. grains: CBOT wheat, soybeans post sharp losses
Chicago | Reuters — U.S. soybean and wheat futures fell sharply on Wednesday, with wheat sinking 3.2 per cent and soybean futures hitting their lowest in more than nine months. Traders said that long liquidation by investment funds triggered the sell-off. Concerns about trade with China sparked the bearish wave in soybeans while wheat was […] Read more
U.S. grains: Wheat surges after USDA cuts Russian output estimate
Chicago | Reuters — U.S. wheat futures surged nearly four per cent for the biggest gains in about a month on Tuesday after the U.S. Department of Agriculture slashed its estimate for production in top exporter Russia. Corn futures jumped over two per cent while soybeans notched more modest gains in the wake of the […] Read more
U.S. grains: Corn, soy drop to new lows as rains soak Midwest
Chicago | Reuters — U.S. corn and soybean futures dropped to fresh multi-month lows on Monday as widespread rains across the Midwest farm belt bolstered production outlooks for recently planted crops. Wheat futures also eased as rainfall in Western Australia took the edge off global weather worries, although declines were limited as dry weather persisted […] Read more
U.S. grains: Soybeans slump on trade worries, good weather
Chicago | Reuters — U.S. soybean futures slid for a fifth straight session on Friday and registered the steepest weekly decline in 10 months as favourable U.S. crop weather and concerns over slowing export trade weighed on prices. Corn futures edged up on short-covering after dipping to multi-month lows on good Midwest crop weather. Wheat […] Read more
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