CNS Canada — Cash bids for Canada Western Red Spring (CWRS) bids were mixed during the week ended Friday, as prices in Manitoba and Saskatchewan followed U.S. futures lower, but basis levels in Alberta saw some improvements due to unfavourable dry growing conditions. Average CWRS wheat prices were anywhere from C$6 per tonne lower to […] Read more
CWRS bids mixed, CPSR weakens with U.S. futures
U.S. grains: Corn hits one-year high on supply outlook, crop conditions
Chicago | Reuters — U.S. corn futures rose on Monday for the fifth straight session, hitting a one-year high on better-than-expected demand and as heavy rains limited the yield potential of the new crop. The U.S. Department of Agriculture, in a monthly report issued Friday, surprised investors, showing corn and soybean supplies at levels smaller […] Read more
U.S. grains: Corn sets one-year highs on tighter old-crop U.S. supply
Chicago | Reuters — U.S. corn futures reached one-year highs and soybeans jumped on Friday as the U.S. Agriculture Department made bigger-than-expected cuts to its estimates for stocks of crops left over from last year’s harvests. The reductions, revealed in a monthly USDA report, added to concerns about supplies among traders worried that persistent rains […] Read more
U.S. grains: Soybeans, corn rally ahead of USDA report
Chicago | Reuters –– Chicago Board of Trade soybean futures surged 2.9 per cent on Thursday on concerns that more rain in the U.S. Midwest would hinder crop development, traders said. Corn futures followed soybeans higher. Expectations that the U.S. Agriculture Department will trim its production forecast for both commodities in its monthly supply and […] Read more
U.S. grains: Soybeans rise in rebound from one-week low
Chicago | Reuters –– U.S. soybean futures rose from a one-week low on Wednesday on bargain buying and renewed concerns about excessive rains hurting U.S. production, while wheat tumbled on poor export demand. Corn futures ended near unchanged. Forecasts for more unwanted storms in parts of the U.S. Midwest lifted soybeans after weeks of heavy […] Read more
U.S. grains: Corn, soy slip on improved U.S. weather, Greece jitters
Chicago | Reuters –– U.S. corn and soybean futures dropped on Monday as lighter-than-expected U.S. rainfall eased fears about soggy Midwest crops while worries over Greece and China led investors to shun many commodity markets. Corn prices pulled back from 2015 highs notched last week after heavy Midwest rains raised crop concerns and following a […] Read more
U.S. wheat futures seen stalling
CNS Canada –– U.S. wheat futures posted solid gains over the month of June but appear to be stalling out in the early days of July as the market looks for more fresh supportive news. “The bull needs to be fed every day, and right now it’s not getting anything to keep it going,” said […] Read more
U.S. grains: Weather uncertainty lifts corn to six-month peak
Chicago | Reuters –– U.S. corn futures rose to a six-month peak on Thursday, adding to strong gains earlier in the week as adverse weather in parts of the U.S. Midwest and Western Europe threatened crops. Prices for soybeans and wheat were mixed as investors squared positions ahead of the U.S. Independence Day holiday weekend […] Read more
U.S. grains: Wheat crumbles after hitting six-month high
Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures plunged 4.4 per cent on Wednesday, with the front-month contract crashing from a six-month high as investors locked in profits from Tuesday’s corn-led rally, traders said. Corn closed mostly firmer after trading in negative territory for much of the day while soybeans […] Read more
U.S. grains: USDA data ignite biggest daily rallies in five years
Chicago | Reuters –– U.S. grain and soybean futures on Tuesday climbed to their highest prices since December after the U.S. Agriculture Department said crop stockpiles and spring plantings were smaller than analysts expected. Traders are keeping a close eye on supply data amid uncertainty about how big the autumn corn and soybean harvests will […] Read more
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