Chicago | Reuters –– U.S. wheat, corn and soybean futures all firmed on Thursday on support from better-than-expected export sales reports for all three commodities, traders said. Gains in soybeans were limited by a huge global supply base following bumper harvests across the U.S. Midwest as well as improving crop weather in South America. Wheat […] Read more
U.S. grains: Wheat rallies 1.5 per cent
U.S. grains: Soybeans, wheat close lower
Chicago | Reuters — U.S. soybean futures fell on Wednesday in a technical setback following two days of modest gains, traders said. Wheat futures also weakened as a bleak fundamental picture, highlighted by plentiful global stocks, cast a bearish tone across the agriculture sector. Corn was mixed, with some contracts edging higher on a late […] Read more
U.S. grains: Wheat futures sag as conditions improve
Chicago | Reuters — U.S. wheat futures shed 1.3 per cent on Tuesday, their third straight day of declines, after a government report showed that crop conditions improved amid better moisture in main growing areas, traders said. “I do not think there is much going on out there (to help wheat),” said Mike Krueger, president […] Read more
Prairie wheat bids ebb lower
CNS Canada –– Cash wheat bids across Western Canada ebbed lower during the week ended Friday, as U.S. futures dipped and basis levels fluctuated. Average Canada Western Red Spring (CWRS) wheat prices were down by C$2 to $5 per tonne across the three Prairie provinces, according to price quotes from a cross-section of delivery points. […] Read more
U.S. grains: Soybeans bounce from 6-1/2 year lows
Chicago | Reuters –– U.S. soybean futures firmed on Monday, rising from 6-1/2 year lows on bargain-buying as investors covered bearish bets amid signs of strong export demand, traders said. Corn futures also closed higher, with traders citing a round of short-covering. The gains in both commodities were kept in check by pressure from burgeoning […] Read more
U.S. grains: Corn, soy, wheat close lower, post weekly losses
Chicago | Reuters — U.S. soybean futures fell on Friday on a profit-taking setback after posting gains in the previous two sessions, traders said. Soybeans closed near session lows but the declines were kept in check by technical buying as prices neared contract lows hit earlier in the week. Expectations for huge plantings in 2016 […] Read more
U.S. grains: Wheat firms but weak exports limit gains
Chicago | Reuters — U.S. wheat futures firmed on Thursday on technical buying including short-covering, but advances were modest as export sentiment remained gloomy. Soybean futures also rose while corn closed narrowly mixed. At the Chicago Board of Trade, December wheat settled up 3-1/4 cents at $4.98 a bushel, after briefly trading above $5 for […] Read more
U.S. grains: Corn, soybeans rebound after USDA data-driven decline
Chicago | Reuters — U.S. corn and soybean futures edged higher on Wednesday on consolidation and technical buying after hitting contract lows a day earlier due to bearish U.S. Department of Agriculture supply and demand forecasts. Wheat closed firm after prices hit two-week lows on Tuesday, with a sluggish export pace overhanging the market. USDA […] Read more
U.S. grains: Corn, soy sink to new lows after bearish USDA report
Chicago | Reuters — U.S. corn and soybean futures fell to contract lows on Tuesday after the U.S. Department of Agriculture raised its 2015 harvest forecasts by more than expected and increased estimates for end-of-season stocks. Wheat futures slumped for a third straight session and hit a two-week bottom on technical selling and on a […] Read more
Prairie wheat bids mixed
CNS Canada — Cash wheat bids across Western Canada saw some minor adjustments over the week ended Friday, with the general trend seeing strengthening bids in the eastern Prairies and a softer tone in parts of Alberta. Average Canada Western Red Spring (CWRS) wheat prices saw only minor revisions on the week, rising by as […] Read more
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