Chicago | Reuters –– U.S. corn futures fell to the lowest in more than three weeks and soybeans also eased, pressured by the ongoing Midwest harvest, while wheat fell one per cent in subdued trading on Thursday. At the Chicago Board of Trade, December corn settled down 3-1/2 cents at $3.75-1/2 per bushel after dipping […] Read more
U.S. grains: Corn at three-week low, soy sags on harvest pressure
U.S. grains: Wheat falls on technical selling, rainy forecasts
Chicago | Reuters –– U.S. soft red wheat futures fell two per cent on Wednesday on profit-taking coupled with forecasts for beneficial rains next week in parts of the southern Plains and the Black Sea region, analysts said. Corn fell in sympathy with wheat and amid U.S. harvest progress while soybeans drifted lower, one day […] Read more
Prairie wheat bids edge down as loonie rises
CNS Canada –– Cash wheat bids across Western Canada posted small losses over the week ended Friday, as the strengthening Canadian dollar cut into basis levels. Average Canada Western Red Spring (CWRS) wheat prices were generally down by C$1 to $4 per tonne across the three Prairie provinces, according to price quotes from a cross-section […] Read more
U.S. grains: Soybeans top US$9 on Chinese demand
Chicago | Reuters –– U.S. soybean futures traded at the highest levels in nearly two months, topping US$9 a bushel on fresh export demand from top buyer China and global weather worries, analysts said. Wheat and corn also climbed, with wheat up more than two per cent after a four-session slide. At the Chicago Board […] Read more
U.S. grains: Corn to two-week low as U.S. harvest ramps up
Chicago | Reuters — U.S. corn futures fell to a two-week low on Monday on expectations of strong harvest progress in the Midwest and inter-market spreading against soybeans, traders said. Soybean futures closed firm on follow-through buying after a smaller-than-expected U.S. government crop estimate last week but pared gains by the close. Wheat posted modest […] Read more
U.S. grains: Soy jumps on USDA’s surprising cut in acres
Chicago | Reuters — U.S. soybean futures jumped to a one-week high on Friday after the U.S. Department of Agriculture lowered its domestic production estimate more than analysts had expected. Corn futures touched a two-week low on bigger-than-expected U.S. production and inventory estimates in the agency’s monthly crop reports. USDA surprised traders in both markets […] Read more
U.S. grains: Harvest pressure hits prices before crop reports
Chicago | Reuters — U.S. grain futures on Thursday extended a setback from 10-week highs reached a session earlier, pressured by an influx of fresh supplies from U.S. harvests and profit taking ahead of the release of highly anticipated crop data. Soybeans also fell, snapping a three-day rally before the U.S. Department of Agriculture issues […] Read more
U.S. grains: Profit-taking, advancing harvests snap rallies
Chicago | Reuters –– U.S. grain futures retreated from their highest prices in more than two months on Wednesday under pressure from advancing U.S. harvests and profit-taking ahead of key crop reports. Declines in corn snapped a four-day rally that was fuelled by expectations the U.S. Department of Agriculture will trim its production estimates in […] Read more
U.S. grains: Corn tops two-month high
Chicago | Reuters –– U.S. corn futures climbed to their highest in more than two months on Tuesday as traders predicted the U.S. will cut its production estimate in a crop report due out Friday. The U.S. Department of Agriculture, in the monthly report, may reduce its estimates for the average corn yield and for […] Read more
Western Canadian wheat bids stay rangebound
CNS Canada — Cash wheat bids across Western Canada stayed mainly rangebound during the week ended Monday. Average Canada Western Red Spring (CWRS) wheat prices were up by C$1 per tonne across the three Prairie provinces, according to price quotes from a cross-section of delivery points. Bids ranged from $228 per tonne in Manitoba to […] Read more
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