Chicago | Reuters — U.S. wheat futures rose on Friday, supported by lingering concerns about crop damage in the U.S. Plains following a snow storm at the weekend. Short-covering also contributed to the wheat gains as traders covered bearish bets following a sell-off on Thursday. Corn futures also rose, with traders noting short-covering as a […] Read more
U.S. grains: Wheat, corn bounce on short-covering
U.S. grains: Wheat plunges, erasing most of Monday’s rally
Chicago | Reuters — U.S. wheat futures fell 3.7 per cent on Thursday, pressured by results from a crop tour that showed yield prospects in Kansas remained above-average despite a severe snow storm, traders said. A round of profit-taking also pressured wheat prices, which rallied this week to their highest in nearly two months on […] Read more
CBOT weekly outlook: ‘Managed money crowd’ buoys futures
CNS Canada — Bullish weather propped up Chicago Board of Trade (CBOT) corn and soybean futures, spurring spec buying on the week — but it’s likely not enough to break the commodities’ ranges, one U.S. analyst says. “Lately here, of course it’s been weather with all the rain last week and over the weekend. The […] Read more
U.S. grains: Wheat futures flat as damage assessed
Chicago | Reuters — U.S. wheat futures steadied on Wednesday, with the markets waiting for a good assessment of the crop damage caused by a snowstorm in Kansas over the weekend, traders said. Corn and soybeans rose but remained below levels hit earlier this week, supported by concerns that heavy rains in the Midwest and […] Read more
U.S. grains: CBOT wheat futures weaken
Chicago | Reuters — Chicago Board of Trade wheat futures eased on Tuesday, partially retreating from a sharp rally on some profit-taking, traders said. But K.C. hard red winter wheat futures firmed, extending their rally amid concerns that a snowstorm in the U.S. Plains during the weekend caused severe damage to the maturing crop there. […] Read more
U.S. grains: Corn, soy, wheat rally after weekend weather woes
Chicago | Reuters — U.S. wheat futures surged 5.2 per cent to their highest in nearly two months on Monday after a weekend snow storm in key production areas raised concerns about severe crop damage, traders said. Corn and soybean futures also rallied, with wet fields across the U.S. Midwest threatening to add further delays […] Read more
U.S. grains: Corn, soy fall on dry weather forecast
Chicago | Reuters — U.S. corn and soybean futures fell on Friday on the prospect of dry weather for key Midwest production areas in early May, which would give farmers access to fields during a crucial planting window, traders said. Wheat futures firmed, hitting their highest level in more than a week on concerns about […] Read more
U.S. grains: Corn, soy gain on planting delays, relief over NAFTA
Chicago | Reuters — Chicago corn and soybean futures edged higher on Thursday on concerns about weather delays to spring planting and relief that the White House will not immediately withdraw the U.S. from the North American Free Trade Agreement (NAFTA). Solid export sales added support, although both commodities traded lower at times as mild […] Read more
CBOT weekly outlook: U.S. weather supports corn, weighs on soy
CNS Canada –– Soybean and corn futures at the Chicago Board of Trade came under pressure over the past week, but are expected to see divergent moves in the near future as poor planting weather in the U.S. Midwest may see acreage shift out of corn and into soybeans. News that U.S. President Donald Trump […] Read more
U.S. grains: Corn tumbles on weather forecasts, NAFTA jitters
Chicago | Reuters –– U.S. corn futures fell more than one per cent Wednesday on forecasts for better Midwest planting weather and news that the White House is considering an executive order on withdrawing from North American Free Trade Agreement, analysts said. Soybeans also declined and wheat turned lower as corn sagged. Chicago Board of […] Read more
Cyber-Savvy Farmer
