Chicago | Reuters – U.S. wheat futures surged to three-year highs on Thursday on concerns about tightening global supplies and reduced shipments from key suppliers, but the market closed well below the peaks as major exporter Ukraine denied it would ban exports. The gains in wheat spilled over to the corn market, which also benefited […] Read more
U.S. grains: Wheat touches 3-year high on global supply concerns
U.S. grains: Soybeans fall as U.S.-China trade war fears intensify
Chicago | Reuters – U.S. soybean futures fell on Wednesday as worries that U.S. President Donald Trump could propose additional tariffs on Chinese goods knocked prices down from a six-week high touched a session earlier. Wheat futures reached a one-year high on worries about drought reducing harvests in nations that are major exporters. The losses […] Read more
U.S. grains: Soybeans hit six-week peak on hopes for China trade talks
Chicago | Reuters – U.S. soybean futures surged 3 percent on Tuesday to 1-1/2-month highs on hopes that the United States and China would restart stalled talks to avert a damaging trade war that has already slowed U.S. soy exports. Corn and wheat climbed along with soybeans, drawing additional support from concerns about weather-reduced harvests […] Read more
U.S. grains: Wheat rallies on dimming world crop prospects
Dry U.S. Midwest conditions support corn, soybeans
Chicago | Reuters – U.S. wheat futures rallied almost 3 percent on Monday on concerns that deteriorating crops in several key producing countries will tighten global stocks of the grain. Corn scaled to a 1-1/2-month high on spillover support from wheat and as dry conditions in parts of the U.S. corn belt trimmed harvest prospects, while […] Read more
U.S. livestock: Cattle sink after hitting highest since early November
Chicago | Reuters — Live cattle futures dropped 2.2 percent after hitting their highest level in 2-1/2 months on Thursday, snapping a three-day winning streak as a rebound in the U.S. dollar sparked a round of profit-taking. “The pushback on the U.S. dollar maybe caught a few people off-guard,” said Rich Nelson, chief strategist with […] Read more
U.S. grains: Highest grain prices in weeks as U.S. dollar falls
Chicago | Reuters — U.S. grain and soybean futures rose to their highest prices in weeks on Wednesday on technical buying, a slide in the U.S. dollar and dry weather in rival exporter Argentina. The dollar’s decline to a three-year low prompted corn and wheat traders to buy back previously sold positions, brokers said, after […] Read more
ICE weekly outlook: Canola creeps toward $500
CNS Canada — ICE Futures Canada canola contracts are showing signs of wanting to climb higher due to recent moves in soybean oil and the Canadian dollar. The front-month March contract is still below the benchmark $500 per tonne mark but is starting to creep toward it. Some of the movement can likely be traced […] Read more
CBOT weekly outlook: Falling greenback boosts U.S. grains
CNS Canada — Soybean, corn and wheat futures in the U.S. are all seeing some strength from weakness in the U.S. dollar, and could have more room to the upside as speculators cover large net short positions. “The managed money is just looking for trades of value,” said Sean Lusk of Walsh Trading in Chicago. […] Read more
U.S. grains: Soy firms but gains capped by poor export data; wheat weak
Chicago | Reuters – U.S. soybean futures rose to their highest in more than three weeks on Friday, with traders focused on the South American weather outlook amid signs of weak demand for U.S. exports. Wheat futures fell as traders locked in profits with the market set to notch its third straight week of gains. […] Read more
U.S. grains: Soybeans, wheat fall as weather rally fizzles
Chicago | Reuters – U.S. soybean futures fell on Thursday, with traders locking in profits from three straight days of gains after forecasts boosted the prospects for rain in Argentina. Wheat futures also dropped on profit-taking, but ongoing concerns about crop damage in key growing areas of the United States kept losses in check. Corn […] Read more
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