Chicago | Reuters — U.S. corn futures inched higher on Monday on position-squaring ahead of a key monthly U.S. government crop report later this week and worries about forecasts for a freeze looming for the northwestern Corn Belt, traders said. Soybeans and wheat closed lower after a choppy session. Chicago Board of Trade December corn […] Read more
U.S. grains: Corn firm ahead of USDA report, frosty weather
U.S. grains: Corn falls; wheat, soy rise
Chicago | Reuters — U.S. corn futures dropped on Friday while soybeans and wheat edged higher in muted trading as investors waited for the U.S. government’s monthly update to harvest projections. Corn futures remained under pressure from profit-taking after prices jumped to a seven-week high on Tuesday. The market shrugged off long-awaited news that the […] Read more
U.S. grains: Soybean futures slip on technical sales
Chicago | Reuters — U.S. soybean futures weakened on Thursday, retreating from early gains on technical selling after failing to take out the 10-week high hit on Tuesday, traders said. Wheat futures ended little changed, supported by a surprise export deal with China. But traders said more bullish inputs were needed to push prices back […] Read more
U.S. grains: Technical selling pushes wheat, corn, soy lower
Chicago | Reuters — U.S. corn, soybean and wheat futures fell on Wednesday on a round of technical selling after posting sharp gains earlier this week, traders said. Wheat fell most, with the benchmark Chicago Board of Trade December soft red winter wheat contract sinking 2.1 per cent, its biggest daily loss since Aug. 30. […] Read more
CBOT weekly outlook: Corn, soybeans retreat off highs
MarketsFarm — Soybean and corn prices on the Chicago Board of Trade have backed off of highs hit earlier in the week. That’s due mainly to harvest activity putting pressure on prices, according to Steve Georgy, president of Allendale Inc. at McHenry, Illinois. Corn crops across the U.S. are currently only 11 per cent harvested, […] Read more
U.S. grains: Soy tops two-month high on China buying, inventory shock
Chicago | Reuters — U.S. soybean futures prices rose to the highest level in more than two months on Tuesday, adding to gains from the previous session when Chinese purchases and a lower-than-expected estimate of U.S. stockpiles buoyed prices. Corn also advanced after rallying four per cent on Monday as a quarterly U.S. Department of […] Read more
U.S. grains: Soy, corn rally on smaller-than-expected stockpiles
Chicago | Reuters — China bought more U.S. soybeans on Monday as the U.S. Department of Agriculture reported crop stockpiles were smaller than traders expected, sending futures prices to nine-week highs. Corn futures set an eight-week high after the USDA report also showed tighter-than-expected inventories of the yellow grain. Farmers welcomed the rallies after crop […] Read more
USDA’s jump in soybean stocks comes in below forecasts
MarketsFarm — Although stocks of soybeans in the U.S. were estimated Monday to have increased dramatically compared to their year-ago level, the amount of that increase fell short of market expectations. In the Grain Stocks report released Monday by the U.S. Department of Agriculture (USDA), total soybean stocks as of Sept. 1 were estimated to […] Read more
Snow to stall harvests for western Prairies, Montana
Chicago | Reuters — A weekend storm is poised to bring more than a foot (30.5 cm) of snow to parts of Montana and the Canadian Prairies, putting portions of the region’s spring wheat and canola crops at risk, a meteorologist said. Excessively wet conditions in the region this month have already slowed fieldwork and […] Read more
U.S. agriculture official calls trade tensions with China ‘new normal’
Buenos Aires | Reuters — The United States and China are still in the early stages of their trade war and tensions that arise from it should be considered the “new normal,” a U.S. Department of Agriculture official said on Wednesday. Washington has tried to hold China accountable for its trade practices and not sought […] Read more