Chicago | Reuters — U.S. grain prices rallied on Tuesday after the U.S. Department of Agriculture slashed its estimate of winter wheat seedings by more than anticipated and unexpectedly cut its corn and soybean production view. Wheat futures surged nearly three per cent to a three-week high on fund short covering while corn and soybeans […] Read more
U.S. grains: Wheat surges as USDA cuts acreage view
Prairie spring wheat bids move higher
CNS Canada –– Cash spring wheat bids across Western Canada moved higher during the week ended Friday, as U.S. futures also rose during that timeframe. Average Canada Western Red Spring (CWRS) wheat prices were up by C$9-$10 per tonne during the period, according to price quotes from a cross-section of delivery points across the Prairie […] Read more
U.S. grains: Wheat falls from three-week high
Chicago | Reuters — U.S. wheat futures dropped two per cent on Monday on technical selling and profit-taking after touching three-week highs last week, while traders eyed an eagerly awaited series of government reports on crops due on Tuesday. Corn and soybeans also fell, with declines in broader commodities markets amid fresh investor concerns about […] Read more
U.S. grains: Wheat surges on short covering
Chicago | Reuters — U.S. grain and soybean futures firmed on Friday on technical buying and short-covering as investors squared positions before a key government crop report due to be released on Tuesday. Stabilizing global equities markets following steep losses to start the year offered underlying support to grains. Wheat futures notched the strongest gains […] Read more
U.S. grains: Corn approaches seven-month low on poor exports, big supply
Chicago | Reuters — U.S. corn futures neared a seven-month low on Thursday on concerns about poor export demand and large world supplies. Soybean futures also traded mostly lower, while wheat futures jumped on technical buying. Corn traders focused on exports and stockpiles before the release next week of U.S. Department of Agriculture data. Analysts […] Read more
U.S. grains: Corn, soy, wheat rise in short-covering bounce
Chicago | Reuters –– U.S. grain and soybean futures rebounded from early-session losses on Wednesday in a technical short-covering bounce as investors squared positions ahead of a U.S. Department of Agriculture crop report due early next week. Corn and wheat futures posted fresh contract lows in nearly all months and soybeans hit a 6-1/2-week low […] Read more
U.S. grains: Short-covering spurs slight gains in corn, soy, wheat
Chicago | Reuters — U.S. wheat, corn and soybean futures edged higher on Tuesday as investors used the previous session’s sharp declines to take profits on bearish bets they had placed on the commodities sector, traders said. But concerns about a weaker global economy cutting into demand limited buying and all three commodities closed below […] Read more
Prairie spring wheat bids down with U.S. futures
CNS Canada — Cash spring wheat bids across Western Canada moved lower during the two-week holiday period ending Thursday (Dec. 31), as the U.S. futures also drifted lower during that time frame. Average Canada Western Red Spring (CWRS) wheat prices were down by C$7-$8 per tonne during the two-week period, according to price quotes from […] Read more
U.S. grains: Corn, wheat, soybeans sag to start 2016
Chicago | Reuters — Chicago Board of Trade corn, wheat and soybean futures fell sharply on Monday as concerns about economic weakness in China and the dollar’s strength raised concerns about global demand for U.S. commodities, traders said. Corn sank to its lowest level in four months while wheat hit a low not seen since […] Read more
U.S. grains: Soy and grains post annual declines
Chicago | Reuters — U.S. soybean futures fell on Thursday as traders eyed forecasts for much-needed rains in Brazil, while corn and wheat ended narrowly mixed in light year-end trading. All three commodities posted annual declines for 2015. Markets will be closed on Friday for the New Year’s Day holiday. “Going into the weekend with […] Read more
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