Chicago | Reuters – U.S. soybean futures dropped to their lowest levels in nearly three weeks on Wednesday on expectations for rains to benefit plantings in Brazil, the world’s top exporter. Concerns about slowing demand from China, the world’s top importer, added pressure to prices. Rain showers in Brazil will help farmers move forward with planting […] Read more
U.S. grains: Soy nears three-week low on Brazil rains, demand worries
U.S. grains: Wheat mostly lower on technical selling
Chicago | Reuters — U.S. wheat and soybean futures were mostly lower on Friday, in a technical selloff and as the U.S. dollar rose to its highest in two months against a basket of currencies. Prices trimmed losses while corn futures turned higher late in the session, lifted in part by the expiration of November […] Read more
U.S. grains: Corn, soy turn lower on technical selling, dollar surge
Chicago | Reuters –– U.S. corn and soybean futures turned lower on Thursday, reversing from one-week highs on technical selling and pressured by steep gains in the dollar that made U.S. commodities less attractive in export markets. Wheat futures also fell, retreating from gains early in the session at the Chicago Board of Trade. The […] Read more
U.S. grains: Soy shakes off 6-year low, corn jumps on U.S. crop fears
Chicago/Reuters – U.S. soybean futures bounced on Friday after a surprise increase in the Department of Agriculture’s autumn harvest forecast knocked prices to six-year lows. Corn futures neared one-month highs after the USDA, in a monthly report, reduced its production estimate, igniting supply concerns. Traders are focused on the size of the crops because prices […] Read more
U.S. grains: Soybeans bounce off six-year-low on bargain buying
Winnipeg | Reuters — U.S. soybeans rebounded on Tuesday off a more than six-year low, helped by China’s decision to cut interest rates, although fears of a cooling economy in the world’s largest buyer of the oilseed kept gains in check. Bargain buying and a bounce in other commodities, such as crude oil, nudged soybeans […] Read more
U.S. grains: Soybean, corn futures fall; wheat mixed
Chicago/Reuters – Chicago Board of Trade soybean futures fell on Friday, pressured by profit-taking and the cancellation of an export deal with China, traders said. Wheat futures were mixed, with CBOT soft red winter wheat and K.C. hard red winter wheat edging higher on some end-of-month short-covering. MGEX wheat fell on forecasts for a bumper crop […] Read more
U.S. grains: Soybeans rise on strong exports, corn firm, wheat weak
Chicago/Reuters – U.S. soybean futures rose on Thursday as signs of growing export demand threatened to cut into an already thin supply base, traders said. Corn futures also firmed, with bargain hunters and technical buyers stepping into the market after prices fell to a five-week low. Wheat closed mostly lower, pressured by plentiful supplies and […] Read more
U.S. grains: Soybeans rise for second day, corn and wheat resume slides
Winnipeg /Reuters – U.S. soybeans rose for a second straight day on Wednesday, recovering some recent losses ahead of a critical development period for the oilseed, while corn and wheat resumed their slides on a favorable U.S. harvest outlook. With soybean yields largely determined in August and questions about the size of planted area, there […] Read more
U.S. grains: Soybeans, wheat, corn bounce after steep losses
Winnipeg/Reuters – Chicago soybean, wheat and corn futures bounced on Tuesday, rising on bargain-buying and short-covering after setting recent lows. Nearby soybeans fell for three straight sessions through Monday, shedding nearly 6 percent as weather improved for crop development across the U.S. Midwest. “We’ve just plain hit (soybeans) hard for the last week or so and […] Read more
U.S. grains: Improving weather sparks sell-off in corn, soybeans, wheat
Chicago/Reuters – Chicago Board of Trade corn and soybean futures plunged to their lowest in more than a month on Monday as improving weather for crop development across the U.S. Midwest sparked a round of long liquidation by speculators, traders said. Wheat futures also fell, weighed down by the declines in corn and pressure from […] Read more
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