Chicago | Reuters – U.S. corn futures fell for a fourth straight session on Wednesday, touching their lowest level in a month as mild weather in most of the Midwest favored prospects for a large harvest, analysts said. Soybeans also fell on beneficial weather outlooks. But wheat futures rose on short-covering and optimism about export […] Read more
U.S. grains: Corn falls to one-month low as mild U.S. weather favours crops
U.S. grains: Corn falls to 1-month low, soy futures dip
Chicago | Reuters – U.S. corn futures hit a one-month low and soybean futures also tumbled on Tuesday as improving U.S. crop condition ratings and favorable weather outlooks supported expectations for large harvests this autumn, analysts said. Wheat followed the weaker trend. Chicago Board of Trade December corn settled down 4-1/2 cents at $3.30 per […] Read more
U.S. grains: Soybeans firm on more sales to China
Chicago | Reuters – U.S. soybean futures edged higher on Monday as strong export sales, most notably to China, offset pressure from good crop weather that reinforced expectations for a sizable U.S. harvest this autumn. Corn futures eased as mild temperatures and timely rains across the Midwest farm belt were seen boosting prospects for the […] Read more
Prairie cash wheat: Spring wheat drops, durum steady
MGEX, CBOT, K.C. May wheats down on week
MarketsFarm — Prairie wheat bids for Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheat were lower for the week ended Thursday, following losses in U.S. futures. Canada Western Amber Durum (CWAD) largely held steady, buoyed by a weaker Canadian dollar, which lost about six-10ths of a cent. Average CWRS (13.5 per […] Read more
Prairie cash wheat: Bids fall with U.S. futures
MarketsFarm — Hard red spring wheat bids in Western Canada moved lower during the week ended Thursday, as a sell-off in U.S. futures weighed on prices. Concerns that the Wuhan coronavirus would lead to a slowdown in the global economy accounted for some of the broad speculative selling that weighed on most grain markets during […] Read more
U.S. grains: Markets remain cautious, rangebound ahead of holiday
Chicago | Reuters – U.S. soybean futures were mixed on Tuesday, slipping at one point from a six-week high hit in the previous session, as grain markets remained cautious and positive trade news with China weighed against disappointing export sales data, traders said. The market has high expectations of top-consumer China ramping up soy purchases […] Read more
U.S. grains: Soy futures hit six-week high on U.S.-China trade hopes
Chicago | Reuters – U.S. soybean futures touched a six-week high on Monday on optimism that China would ramp up purchases of U.S. soy following this month’s announcement of a “Phase 1” trade deal, analysts said. Corn futures firmed, following strength in soybeans, while wheat turned lower in thin technical trade ahead of this week’s […] Read more
Confluence of bullish news sends wheat futures higher
MarketsFarm — A number of factors have come together to underpin North American wheat prices, with more room to the upside after a rally in all three U.S. futures markets to start the week, according to an analyst. Chicago, Kansas City and Minneapolis wheat futures all started the week with double-digit gains. The Chicago and […] Read more
U.S. grains: Wheat futures rally as U.S. cold snap threatens crops
Chicago | Reuters – U.S. wheat futures jumped on Tuesday as traders worried a cold snap would hurt recently planted crops. Temperatures dropped near zero Fahrenheit (-18 Celsius) in wheat-growing areas of the U.S. Plains, including in western Kansas, according to a daily weather report from the U.S. Department of Agriculture. A separate weekly USDA report, […] Read more
U.S. grains: Corn edges up after USDA trims U.S. harvest outlook, soybeans drop
Chicago | Reuters – U.S. corn futures firmed on Friday after the U.S. Department of Agriculture lowered its U.S. yield and harvest forecasts in a monthly crop report, though gains were kept in check by worries about weak demand. Soybeans fell as the USDA left its U.S. crop yield and harvest outlooks unchanged despite poor weather this […] Read more
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