Chicago / Reuters – Chicago Board of Trade wheat futures plunged as much as 3 per cent on Tuesday, their largest daily losses in three weeks, on pressure from ample global grain supplies and following declines in Euronext wheat, traders said. Wheat on the Paris exchange fell sharply for the second straight session, correcting after […] Read more
U.S. grains: U.S. wheat tumbles on ample supplies, Euronext declines
U.S. grains: Soybeans extend losses on fund selling, favorable weather
Chicago / Reuters – U.S. soybean futures fell sharply on Monday, extending the steep declines seen last week on pressure from investment fund selling and favourable extended weather outlooks for the developing crop, traders and analysts said. Wheat and corn futures each were narrowly lower at the Chicago Board of Trade, with wheat reversing from earlier […] Read more
U.S. grains: Soy falls as harvest expectations rise; wheat, corn firm
Chicago / Reuters – U.S. soybean futures fell 2.3 per cent to a three-month low on Friday as the weather forecast for August reinforced expectations that the crop developing in the U.S. Midwest would blossom into a bumper harvest. Wheat and corn futures firmed, recovering from early weakness, as investment funds unwound bearish bets ahead of […] Read more
U.S. grains: U.S. corn extends losing streak on weak exports, good weather; soy firms
Chicago / Reuters – U.S. corn futures fell for the third day in a row on Thursday, with good weather for crop development in the U.S. Midwest and poor exports pushing prices to their lowest in nearly two years. Wheat and soybean futures firmed. The soy market was supported by signs that overseas buyers were […] Read more
U.S. grains: Improving weather sparks sell-off in U.S. corn, soybeans
Chicago / Reuters – U.S. corn and soybean futures posted sharp declines on Wednesday, with corn hitting its lowest in nearly two years as the latest weather outlook appeared less threatening to crop development, traders said. Soybean futures led the sell-off, sinking 2 per cent and hitting their lowest since April 26. Wheat futures also fell, […] Read more
U.S. grains: Corn, soy prices tumble on strong U.S. crop ratings
Chicago / Reuters – U.S. corn and soybean futures fell more than 3 per cent on Tuesday, pressured by historically high crop ratings and forecasts for moderating temperatures next week, analysts said. Wheat also declined, following the weak trend. At the Chicago Board of Trade as of 12:27 p.m. CDT (1727 GMT), December corn was down […] Read more
U.S. grains: Corn, soybeans end higher as U.S. hot spell looms
Chicago / Reuters – U.S. corn futures firmed on Monday as forecasts for scorching heat this week in the Midwest, where the crop is pollinating, fuelled concerns about yield prospects, traders said. Soybeans turned higher as updated midday forecasts called for more hot and drier conditions next week, a change from previous outlooks that had predicted […] Read more
U.S. grains: Soybeans surge on short-covering, export demand
Winnipeg/Reuters – U.S. soybean futures jumped nearly 2 per cent on Friday as investors covered short positions due to strong export demand, registering their biggest weekly gain since mid-December. Chicago wheat edged higher, and registered a big weekly gain on concerns over dry weather in parts of the U.S. Plains. Corn also climbed, on strong […] Read more
Lower loonie helps farmers, but only so much
CNS Canada — The slumping price of oil continues to weigh on the Canadian dollar, while at the same time providing a boost to Canadian grain prices. Out-of-country buyers tend to more attracted to Canadian grain and wheat when the loonie is low, as they can get more product for their money. However, one market […] Read more
Currency analysts watch for interest rate decision
CNS Canada — The likelihood of the Bank of Canada cutting interest rates on Wednesday is already priced into the loonie, according to one analyst — but if the bank instead decides to hold rates steady, the beleaguered currency could move higher. The Canadian dollar was trading around US69 cents (US$1=C$1.45) near midday Tuesday, which […] Read more
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