Chicago | Reuters — U.S. grain and soy futures notched modest gains on Monday, with prices turning higher on technical buying after earlier lows, traders said. Chicago Board of Trade soybean futures recovered from a three-week low and CBOT wheat from a 1-1/2 week low. CBOT May soybeans settled up 1-3/4 cents at $10.41 per […] Read more
U.S. grains: Wheat, corn, soy turn higher on technical buying
U.S. grains: Wheat, soy drop in technical sell-off
Chicago | Reuters — Chicago wheat and soybean futures fell sharply on Friday in a technical sell-off following U.S. government data on Thursday that raised the outlook for end-of-season stockpiles of the crops, traders said. Wheat declined to a 1-1/2-week low and soy dropped 2.5 per cent, while corn futures were down about 0.7 per […] Read more
CBOT weekly outlook: USDA report sways soy, corn
CNS Canada — Thursday’s world agricultural supply and demand estimates (WASDE) report from the U.S. Department of Agriculture caused a stir in corn and soybean markets on the Chicago Board of Trade. “The Brazil and Argentine numbers (were) really not too terribly exciting. And the world numbers (were) basically kind of going exactly the opposite […] Read more
U.S. grains: Corn at seven-month high on smaller stockpiles
Chicago | Reuters — U.S. corn futures jumped 1.6 per cent to a seven-month high on Thursday after the U.S. Department of Agriculture showed smaller-than-expected stockpiles in the wake of increased exports and demand for ethanol, traders said. Corn prices on a continuous chart notched their biggest daily gains since December, dragging wheat futures higher. […] Read more
U.S. grains: Wheat, soy tick lower ahead of USDA report
Chicago | Reuters — Chicago wheat, corn and soybean futures were lower on Wednesday as investors squared up their positions ahead of a monthly U.S. Department of Agriculture report due on Thursday, traders said. Prices for each crop have cooled from last week’s multimonth highs amid dry growing conditions for U.S. wheat and Argentine corn […] Read more
U.S. grains: Wheat eases on stable crop conditions after price surge
Chicago | Reuters — U.S. winter wheat futures fell on Tuesday as crop conditions stabilized in the dry Plains growing region and buying interest waned following a surge that brought prices to an eight-week high last week, traders said. Chicago Board of Trade May wheat futures eased 2-1/4 cents to $5.07 per bushel, trimming declines […] Read more
U.S. grains: Wheat, soybeans firm
Chicago | Reuters — U.S. grain and soy futures edged higher on Monday, with some wheat contracts rising more than one per cent as weather forecasts showed little rain relief for dry wheat crops in the Plains or drought-affected grain belts in major exporter Argentina. Global benchmark Chicago Board of Trade May wheat was up […] Read more
U.S. grains: Wheat drops on profit-taking
Chicago | Reuters — Chicago Board of Trade wheat futures sank 3.2 per cent on Friday, following a six-day rally that had pushed prices to their highest in 7-1/2 months, traders said. “This has just been a fantastic week of gains,” said Bill Gentry, a broker at Risk Management Commodities. “The funds are taking a […] Read more
U.S. grains: Wheat, soybean futures rally
Chicago | Reuters — U.S. wheat futures rose for the sixth day in a row on Thursday, with new forecasts calling for extended dryness in the U.S. Plains pushing prices to fresh 7-1/2-month highs, traders said. Soybean futures rallied to a 13-month high on signs of strong export data. Parched soils in Argentina that threatened […] Read more
U.S. grains: CBOT wheat notches fifth day of gains
Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures jumped 3.3 per cent on Wednesday to their highest level in more than seven months, breaking through key technical barriers on support from concerns about crop development in the U.S. Plains, traders said. The gains in the wheat market spilled over into […] Read more
Cyber-Savvy Farmer
