Chicago | Reuters — U.S. wheat futures fell on Monday, led lower by a 1.9 per cent drop in K.C. hard red winter wheat amid forecasts for improving weather for crop development in key U.S. growing areas. “The U.S. Plains were dry over the weekend, but the next precip(itation) chance is on the way later […] Read more
U.S. grains: Wheat drops on outlook for Plains rains
U.S. grains: Corn, wheat futures firm
Chicago | Reuters — U.S. corn and wheat futures closed slightly higher on Friday, as their recent rally from multi-week lows ran out of steam in the absence of fresh fundamental news, traders said. Soybeans weakened, their ninth decline in 10 sessions as the market remained anchored by expectations of a record crop in Brazil. […] Read more
U.S. grains: Corn climbs on export demand, technical rebound
Chicago | Reuters — U.S. corn futures on Thursday climbed on better-than-expected weekly export sales data and bargain buying after the May contract hit a two-month low this week, analysts said. Soybeans also rebounded after lows set this week, while wheat finished flat. Chicago Board of Trade May corn settled up 2-1/2 cents at $3.66 […] Read more
U.S. grains: Soy drops for eighth straight session
Chicago | Reuters — U.S. soybean futures fell for the eighth session in a row on Wednesday, retreating after posting early gains when a report showed that processors crushed fewer beans than expected in February. Wheat and corn futures closed firm, with both grains supported by hopes that recent price declines have made U.S. supplies […] Read more
CBOT weekly outlook: Soy, corn set to move sideways to lower
CNS Canada — As South American supplies put pressure on corn and soybean futures at the Chicago Board of Trade, investors are watching key technical levels in both markets. Soybeans — Soybean values at the Chicago Board of Trade (CBOT) are likely to trend sideways to lower, said Terry Reilly, senior commodity analyst at Futures […] Read more
U.S. grains: Soy drops below $10 on rising supplies
Chicago | Reuters — Chicago Board of Trade soybean futures declined on Tuesday for a seventh straight session, dropping below US$10 a bushel as hefty South American harvests threatened U.S. soy export prospects, traders said. Corn firmed, snapping a six-session slide on news of U.S. corn sales to China, while wheat was little changed after […] Read more
U.S. grains: Wheat falls on rain prospects for Plains
Chicago | Reuters — U.S. wheat futures fell more than two per cent on Monday on improving weather forecasts for the southern Plains winter wheat belt, analysts said. Corn followed wheat down and nearby soybean futures closed fractionally lower after a choppy session. Chicago Board of Trade May wheat settled down 10 cents at $4.30-1/2 […] Read more
U.S. grains: Soybeans extend slide on Brazil crop outlook
Chicago | Reuters — Chicago Board of Trade soybean futures fell to a two-month low on Friday as the ongoing harvest of a projected record-large Brazilian soy crop threatened U.S. export prospects, traders said. Corn and wheat followed the weak trend, despite a setback in the U.S. dollar. CBOT May soybean futures settled down 4-1/2 […] Read more
U.S. grains: Soybeans hit two-month low on huge Brazil crop
Chicago | Reuters — U.S. soybean futures hit a two-month low on Thursday, pressured by rising government forecasts for a record-large Brazilian soy harvest, traders said. Corn futures also declined on forecasts for big South American crops, and wheat followed the weak trend. The Chicago Board of Trade May soybean futures contract settled down 10-3/4 […] Read more
Sideways canola futures well above chart support
CNS Canada — Canola remains stuck in a sideways trading range well above major chart support, despite losses in the U.S. soy complex. The May soybean contract at the Chicago Board of Trade fell sharply below the 200-day moving average of US$10.20 per bushel on Thursday, as that market had a bearish reaction to the […] Read more
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