Chicago | Reuters — Chicago Board of Trade soybean, corn and wheat futures firmed on Wednesday, recovering from weakness in the overnight trading session on a round of technical buying, traders said. Corn futures staked out a fresh top, peaking at its highest since June 30 while wheat was trending near the 7-1/2 month high […] Read more
U.S. grains: Soy futures rally, corn hits 7-1/2 month peak
U.S. grains: Soy drops on South American harvest outlook
Chicago | Reuters — U.S. soybean futures fell to a six-day low on Tuesday, pressured by the rapidly advancing harvest of a record crop in Brazil and much-needed rains in Argentina. Corn and wheat futures also weakened, setting back from 7-1/2-month highs in the absence of bullish news. Declines in corn and wheat were limited […] Read more
U.S. grains: Wheat, corn futures hit 7-1/2-month highs
Chicago | Reuters — U.S. wheat futures rallied for the fifth day in a row on Monday, hitting a 7-1/2-month high as investment funds continue to add the grain to their portfolio despite ample global supplies. Corn futures also firmed on a technical bounce and signs of strong demand for U.S. supplies. But soybeans eased, […] Read more
U.S. grains: Wheat, corn rise to multi-month highs
Chicago | Reuters — U.S. wheat and corn futures extended gains to set multi-month highs on Friday on follow-through buying after the U.S. Department of Agriculture slashed domestic stockpile estimates in a monthly report on Thursday. Soybeans also were higher as investors defended their net long position despite expectations for a record-large harvest in top […] Read more
U.S. grains: Wheat rallies to seven-month high after USDA data
Chicago | Reuters — U.S. wheat futures gained two per cent to a seven-month high on Thursday after the U.S. Department of Agriculture increased its export forecast and showed smaller-than-expected global supplies in a monthly report. Chicago Board of Trade soybean futures fell and corn prices declined narrowly from an earlier seven-month peak in the […] Read more
CBOT weekly outlook: South American weather still key for soy, corn
CNS Canada — South American weather uncertainty is lending underlying support to soybean and corn futures at the Chicago Board of Trade, with speculators likely to remain on the long side until production issues are more clearly sorted out, according to an analyst. “The funds don’t want to give up the ship, and there’s enough […] Read more
U.S. grains: Soybeans hit two-week high on fund buying
Chicago | Reuters — U.S. soybean futures jumped to a two-week high on Wednesday while corn and wheat prices also rose on support from investment fund buying and position squaring ahead of a government crop report due on Thursday. Soybeans saw the biggest gains, with Chicago Board of Trade climbing 1.5 per cent for the […] Read more
U.S. grains: Soy firms with export demand
Chicago | Reuters — U.S. soybean futures rose on Tuesday on continued strong export demand as overseas buyers waited for the bulk of the expected bumper South America harvest to come online, traders said. “Beans continue to be the darling of the grains thanks to a long seasonal export tail, with the big anticipated shift […] Read more
U.S. grains: Soy rises as China trading resumes
Chicago | Reuters — U.S. soybean futures firmed on Monday on spillover strength from a rally in China as well as signs of good export demand, traders said. Corn retreated on technical selling, traders said, while profit-taking weighed on wheat following a 2.4 per cent rally last week. Traders in China returned from the Lunar […] Read more
U.S. grains: Soy falls as Brazil crop forecasts grow
Chicago | Reuters –– U.S. soybean futures fell one per cent on Friday, pressured by expectations for a huge crop in Brazil, the world’s top exporter of the oilseed, traders said. Soybeans weakened early in Friday’s session on a round of technical selling after failing to push through their weekly high during the overnight trading […] Read more
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