Chicago | Reuters — U.S. wheat surged more than two per cent on Thursday, snapping a six-session losing streak as investors covered short positions and the dollar tumbled after the European Central Bank acted to fight low inflation. Corn futures also jumped, while soybeans shook off earlier losses to turn narrowly higher at the Chicago […] Read more
U.S. grains: Wheat surges on short-covering on tumbling dollar
U.S. grains: Wheat falls to 5-1/2 year low on rising dollar
Chicago | Reuters — U.S. grains fell on Wednesday, with wheat prices hitting the lowest levels since June 2010 as a rising dollar made the cereals less attractive in global markets, traders said. Wheat now has declined six sessions in a row, shedding more than eight per cent in the worst such skid since July […] Read more
Prairie wheat bids stay rangebound
CNS Canada — Cash wheat bids across Western Canada were relatively unchanged for the week ended Friday, eking out minimal gains, as U.S. futures stabilized and basis levels followed suit. Average Canada Western Red Spring (CWRS) wheat prices were up to $1 higher across the three Prairie provinces, according to price quotes from a cross-section […] Read more
U.S. grains: Soybeans, corn climb, rallying from last week’s lows
Chicago | Reuters –– U.S. soybean futures hit three-week highs on Monday on bargain buying and a technical rebound from long-term lows established last week, traders said. Corn also firmed at the Chicago Board of Trade while wheat ended mixed, with nearby contracts pressured by larger-than-expected deliveries against the December contract. At the CBOT, January […] Read more
U.S. grains: Wheat tumbles ahead of deliveries, pressured by dollar
Reuters — Chicago wheat futures fell to a 2-1/2-month low on Friday, pressured by expectations of big deliveries next week and strength in the U.S. dollar, during a shortened trading session after the U.S. Thanksgiving holiday. Expectations of big wheat deliveries, starting with first notice day on Monday for December contracts, weighed on the market, […] Read more
U.S. grains: Soy rallies off multi-year low ahead of U.S. holiday
Reuters — Soybean futures climbed more than one per cent on Wednesday, bouncing on short-covering after this week’s 6-1/2 year low, ahead of a U.S. holiday. Corn also rose as investors covered short positions and as farmers maintained a slow selling pace to the cash market. Nearby Chicago wheat futures extended losses from the previous […] Read more
U.S. grains: Wheat drops on improving crop conditions, big stocks
Chicago | Reuters –– U.S. wheat futures fell more than two per cent on Tuesday, giving up all the prior session’s gains, as a further improvement in the condition of the U.S. winter crop placed attention back on ample global supply of the staple cereal. Corn prices eased, following wheat lower and further pressured by […] Read more
Prairie spring wheat bids firm
CNS Canada — Cash spring wheat bids across Western Canada generally saw some improvement during the week ended Friday, as basis levels saw some improvements at many locations. Average Canada Western Red Spring (CWRS) wheat prices were steady to up by as much as C$3 per tonne during the week, according to price quotes from […] Read more
U.S. grains: Soybeans bounce from 6-1/2-year low
Chicago | Reuters –– U.S. soybeans rebounded on Monday on technical buying and short covering after hitting a 6-1/2-year low following the weekend election in Argentina of a president who has promised to cut export taxes and boost production. Corn and wheat prices on the Chicago Board of Trade recovered from earlier losses tied to […] Read more
U.S. grains: Wheat, corn, soybeans fall on good crop weather
Chicago | Reuters –– Chicago Board of Trade wheat futures fell on Friday, pressured by improving crop conditions in the U.S. Plains and Midwest while corn and soybeans dropped on beneficial crop weather in South America, traders said. The burgeoning harvest prospects threatened to add to the already ample global stockpiles of all three commodities. […] Read more
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