Chicago / Reuters – U.S. wheat futures rose on Thursday, led by gains in MGEX spring wheat contracts, supported by results from a tour that illustrated the damage done to the crop in a key growing area, traders said. Corn and soybeans were also higher as uncertainty over the impact of dryness in parts of […] Read more
U.S. grains: Wheat rises on spring crop woes; corn, soy firm
U.S. grains: Wheat, corn, soybean futures rise
Chicago / Reuters – U.S. wheat futures firmed on Wednesday, with MGEX spring wheat contracts posting the biggest gains as results from a crop tour confirmed that drought in the northern Plains severely crimped harvest potential in that key growing region. Traders also noted bargain buying in wheat futures as the benchmark Chicago Board of […] Read more
U.S. grains: Wheat, corn and soybean futures post sharp declines
Chicago / Reuters – Chicago Board of Trade corn and soybean futures fell on Tuesday, with investors shrugging off bigger-than-expected declines in U.S. crop ratings to focus on forecasts for better weather, traders said. “Rains expand tonight through Thursday from northwest Midwest into Ohio Valley,” Commodity Weather Group said in a note to clients. Wheat […] Read more
U.S. grains: U.S. wheat drops to lowest since June 29
Chicago / Reuters – U.S. wheat futures fell to their lowest in more than three weeks on Monday on profit taking as traders said damage from a drought in the U.S. Plains has been fully priced into the market. Corn and soybean futures also weakened on better harvest prospects as the weather improved in key […] Read more
U.S. grains: Corn hits one-week high on weather worries
Chicago | Reuters — U.S. corn futures rose nearly two per cent on Friday and notched a one-week high as worries about cool temperatures and excessive rains in the Midwest prompted traders to cover short positions ahead of the weekend, analysts said. Soybeans firmed following Thursday’s three per cent selloff as Brazil’s currency stabilized. Wheat […] Read more
U.S. grains: Wheat gains as dollar sags
Chicago | Reuters — U.S. wheat futures firmed on Wednesday, supported by a tumbling dollar and unwanted rains heading for the southern Plains growing area, analysts said. Corn followed wheat higher while soybeans ended modestly lower, retreating from early gains. Chicago Board of Trade July wheat settled up 2-3/4 cents at $4.27 per bushel, after […] Read more
U.S. grains: Corn jumps as rains seen stalling U.S. planting progress
Chicago/Reuters – U.S. corn futures rose for a second straight session on Tuesday on a slower-than-average start to planting in the United States and forecasts for Midwest rains that will stall further progress. Soybean prices retreated after hitting a three-week high in the previous day as government data showed a faster-than-expected pace of new crop […] Read more
U.S. grains: Soybeans rise on dollar weakness, short-covering
Chicago/Reuters – Chicago soybean futures rose for a second session on Monday, touching a three-week high on short-covering, and as a weaker U.S. dollar raised hopes for fresh export sales. Corn futures edged higher on support from fund short-covering and worries over a slow start to spring planting, while wheat declined on abundant stocks. The […] Read more
U.S. grains: Corn, wheat fall but close above session lows
Chicago/Reuters – U.S. wheat futures fell on Friday, with key contracts hitting all-time lows as the outlook for Canadian plantings topped expectations and threatened to add to the already abundant global stockpile, traders said. Corn futures also eased, dipping to their lowest since late December, on expectations of improving weather for planting in the U.S. […] Read more
U.S. grains: Wheat falls sharply, taking corn, soybeans lower
Chicago/Reuters – Chicago Board of Trade wheat futures dropped 3.1 percent to their lowest in nearly four months on Thursday, with investors beating back an overnight rally attempt amid plentiful global supplies. Wheat closed near session lows as the dollar rebounded into positive territory late in the trading day. A firm dollar makes U.S. wheat […] Read more
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