Chicago/Reuters – U.S. soybean futures firmed on Wednesday, posting a mild recovery from two days of losses after holding technical support above the one-year lows hit last week. Corn futures ended flat, while wheat weakened as plentiful world stocks suppressed an early rally attempt. Traders said the market was assessing the chances for drier spells […] Read more
U.S. grains: Soy futures edge higher
U.S. grains: Soy futures crumble after U.S. predicts record plantings
Chicago/Reuters – U.S. soybean futures fell to fresh five-month lows on Friday after federal crop forecasters said spring plantings would reach an all-time high above traders’ expectations. Farmers in arid Plains states, the Midwest and south are shifting to plant soybeans, instead of corn and wheat, as the crop provides one of the few bright […] Read more
U.S. grains: Soybeans slip to five-month low ahead of USDA data
Chicago/Reuters – U.S. soybean futures fell to a five-month low on Thursday while corn and wheat weakened as traders adjusted positions ahead of U.S. Department of Agriculture data that was expected to show abundant supplies of each crop. Prices for all three commodities eased in relatively subdued trading before Friday’s USDA annual prospective plantings and […] Read more
U.S. grains: Corn, wheat firm on bargain buying, U.S. dollar
Chicago | Reuters — U.S. corn and wheat futures closed higher on Tuesday on bargain-buying a day after both markets fell to two-week lows, and on a weaker dollar, which tends to make U.S. grains more competitive globally, traders said. Soybeans closed higher, bouncing back from a 2.5 per cent decline a day earlier. But […] Read more
U.S. grains: Soybeans fall as Argentina crop worries ease
Chicago | Reuters –– U.S. soybean futures fell on Monday for a third straight session on profit-taking after last week’s six-month highs and improving weather outlook for Argentina, analysts said. Wheat closed higher on technical buying including short-covering, while corn ended nearly unchanged as the market consolidated after hitting a multi-month top on Friday. Chicago […] Read more
U.S. grains: Wheat jumps as U.S. dollar falls
Chicago | Reuters –– U.S. wheat futures rose 1.6 per cent to their highest in nearly six weeks on Thursday on a round of short-covering after weakening overnight, traders said. Corn also firmed, extending its winning streak to five days. Strength in wheat lent support to the yellow grain while soybeans eased on a round […] Read more
U.S. grains: Wheat, corn prices sag in 2016 as record supply weighs
Chicago/Reuters – U.S. wheat futures firmed on Friday on better-than-expected export data and short-covering at year’s end, analysts said, but the market was poised for an annual decline of about 13 per cent. Corn was set to finish the year down about 2 percent after the biggest-ever U.S. harvest boosted stockpiles. Both corn and wheat […] Read more
CBOT weekly outlook: Corn, soy have room to decline further
CNS Canada –– Soybeans and corn at the Chicago Board of Trade are likely to trend lower as traders focus on the U.S. dollar’s recent strength. “This is a currency-driven market; we think the currency has moved too fast, too soon,” said Terry Reilly of Futures International, LLC. The U.S. dollar moved to a fresh […] Read more
U.S. grains: Soybeans retreat as traders eye rising stockpiles
Chicago | Reuters — U.S. soybean futures fell on Wednesday as traders turned their attention to rising inventories from a record-large harvest and mostly favourable crop weather in South America, analysts said. Corn and wheat futures drifted lower, with this week’s surge in the dollar adding pressure. A firmer dollar tends to make U.S. goods […] Read more
U.S. grains: Soy, corn rebound on technical buying; wheat lower
Chicago/Reuters – U.S. soybean futures rallied on Thursday, rebounding on technical buying after the previous session’s steep losses, while corn edged higher and wheat lower in choppy trading as the dollar rose, traders said. All three commodities pared earlier gains, with the U.S. Department of Agriculture’s monthly forecast on Wednesday for larger-than-expected and record-large U.S. […] Read more
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