Chicago | Reuters — U.S. wheat futures plunged more than four per cent on Monday on profit-taking and improving weather in some key wheat producing areas amid concerns that increasing global supplies will restrict U.S. wheat export demand. Corn futures fell for a third straight session and hit a two-month low on spillover pressure from […] Read more
U.S. grains: Wheat tumbles on profit-taking
U.S. grains: Rising dollar knocks corn near two-month low
Chicago | Reuters — U.S. grain futures slumped on Friday under pressure from the rising U.S. dollar, with corn futures approaching a two-month low. “Everybody’s looking at the dollar,” said Jim Gerlach, president of A/C Trading in Indiana. “That’s the only story right now.” The dollar jumped more than one per cent to a seven-month […] Read more
U.S. grains: Wheat eases off four-week high on export slump
Chicago | Reuters — U.S. wheat eased off a four-week high on Thursday amid disappointing export sales and forecasts for more rain relief in dry U.S. growing belts, which offset concerns about adverse harvest weather in Australia and turned traders’ attention back toward large global supplies. The firmer dollar also made U.S. wheat less attractive […] Read more
U.S. grains: Wheat futures up despite U.S. rain, corn down amid big crop forecast
Chicago/Reuters – Chicago wheat futures ticked up on Wednesday on technical buying, despite rain forecasts across U.S. grain belts adding to worries about weather woes overseas. Corn futures ended the day slightly lower after private forecasters raised their estimates for U.S. production, while soybeans rose on bargain-buying and robust U.S. exports. Chicago Board of Trade […] Read more
U.S. grains: Wheat firms on technical buying; corn, soy also firm
Chicago/Reuters – Wheat prices rose about 1.4 per cent on Tuesday, rebounding in largely technical trade on ideas that a sell-off of nearly 3 per cent a day earlier was overdone, traders said. Corn and soybeans were also higher, supported by firm U.S.cash markets. At the Chicago Board of Trade as of 12:54 p.m. CST (1854 GMT), December wheat was […] Read more
U.S. grains: Wheat falls most in two months; soybeans, corn follow
Winnipeg/Reuters – Chicago wheat futures fell nearly 3 per cent on Monday, the most in two months, as rain in dry U.S. areas encouraged the market to stay within its trading range after weather worries earlier drove prices to a three-week high. Traders were awaiting U.S. government crop data later on Monday to see if […] Read more
U.S. grains: Wheat hits biggest weekly gain in nearly four months
Chicago / Reuters – U.S. wheat futures prices jumped 1.5 per cent on Friday and posted their biggest weekly gain in nearly four months, as traders positioned themselves ahead of a highly anticipated U.S. Department of Agriculture November supply and demand report. Chicago Board of Trade December soft red wheat closed at $5.22 a bushel, […] Read more
U.S. grains: Wheat, corn close firm on technical buying; soybeans slip
CHICAGO / Reuters – U.S. wheat futures rallied nearly 2 per cent on Thursday, supported by a round of short-covering and signs of improving export demand, traders said. A pickup in exports also boosted corn futures, as technical buying lent further support to both corn and wheat after prices dipped during the overnight trading session. […] Read more
U.S. grains: Soy nears three-week low on Brazil rains, demand worries
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: Soybeans rebound on strong exports, soymeal
Chicago | Reuters — U.S. soybean futures rebounded on Tuesday after three sessions of declines on steady export demand and higher soymeal prices, although gains were capped by beneficial rains in dry production areas of Brazil, the world’s top supplier. Corn futures eased on a bumper U.S. harvest and sluggish export demand. Wheat was mixed, […] Read more
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