Chicago | Reuters – U.S. wheat futures rose on Wednesday, led by gains in the K.C. hard red winter wheat contracts, on concerns about crop damage in key American growing regions resulting from cold weather and sparse snow cover, traders said. The most-active K.C. hard red winter wheat contract, which hit a six-week high, notched […] Read more
U.S. grains: Wheat futures extend rally as cold threatens crops
U.S. grains: Wheat rallies as temperatures fall; corn, soy firm
Chicago | Reuters – U.S. wheat futures rallied 1.7 percent to their highest in nearly four weeks on Tuesday on concerns about sub-zero temperatures damaging the dormant crop in crucial growing areas of the United States, traders said. The gains in wheat spurred increases in corn futures. Soybeans also closed higher after trading both sides […] Read more
U.S. grains: Wheat falls as dollar firms; vegoils drop on India import tax
Chicago | Reuters – Chicago wheat futures fell 1.4 percent on Monday as the dollar climbed against a basket of currencies, making U.S. grain more expensive in a well-supplied global market. Soybean and soyoil futures also eased amid steep declines in palm oil after India hiked palm oil import taxes. Corn futures were about flat. […] Read more
U.S. grains: Corn up nearly 2 pct on short-covering; soy, wheat climb
Chicago | Reuters – U.S. corn futures rose about 2 percent on Friday on fund-driven short-covering and talk of increased export demand, while soybeans hit a one-week high as worries about stressful crop weather in Argentina lifted soymeal futures, analysts said. Wheat followed the firm trend, which extended broadly across the commodities sector. The 19-market […] Read more
U.S. grains: Corn, soy, wheat firm in light recovery after USDA reports
Chicago | Reuters – U.S. corn and soy futures firmed on Friday in a light technical bounce one day after the U.S. Department of Agriculture released larger-than-expected yield estimates for both crops. Wheat futures rose on short-covering, analysts said. Chicago Board of Trade December corn futures settled up 2 cents at $3.43-1/2 a bushel, January […] Read more
U.S. grains: Corn hits new lows after USDA projects record U.S. yield
Chicago | Reuters – U.S. corn futures plunged to contract lows on Thursday after the U.S. Department of Agriculture projected a bigger-than-expected 2017 U.S. harvest because of a record-large average yield that topped even the highest trade forecasts. Soybeans also dropped as the USDA left its 2017 yield outlook unchanged despite widespread expectations for a […] Read more
U.S. grains: Winter wheat mixed; corn, soy firm ahead of USDA report
Chicago | Reuters – U.S. winter wheat futures ended mixed on Wednesday while soybeans and corn closed slightly higher as traders squared positions ahead of a monthly U.S. Department of Agriculture crop supply and demand report due out on Thursday, traders said. Short covering buoyed corn and wheat late in the day, offsetting earlier declines […] Read more
U.S. grains: U.S. wheat falls on improving crop conditions, firmer dollar
Chicago | Reuters – U.S. wheat futures fell on Tuesday after a weekly government report said the recently planted winter crop was in better-than-expected shape and as a firming dollar created a headwind for the grain in export markets. Corn prices eased along with sinking wheat as pressure from an advancing U.S. harvest and large […] Read more
U.S. grains: Soybeans rise as USDA report looms, soyoil rallies
Chicago | Reuters – U.S. soybean futures rose on Monday for the third time in four sessions on expectations that the government will cut its U.S. crop yield estimate in a monthly report this week and as soyoil prices rallied along with rising energy markets. Soyoil futures posted their strongest gains in 1-1/2 weeks as […] Read more
U.S. grains: Soybeans fall more than 1 pct as Brazilian currency weakens
U.S. soybean futures fell by more than 1 percent on Friday, giving up all of Thursday’s rally and more, as Brazil’s currency fell, making Brazilian soy more competitive on the global market, analysts said. Corn and wheat followed soybeans lower. As of 12:47 p.m. CDT (1747 GMT), Chicago Board of Trade January soybeans were down […] Read more
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