CNS Canada — Cash bids for Prairie wheat were up sharply during the week ended Friday, as weather worries in North America resulted in improved basis levels and pushed U.S. futures sharply higher. Parts of Western Canada are too dry, harming production, while excess moisture in the U.S. is increasing disease pressure and slowing the […] Read more
Prairie wheat bids up sharply with weather worries
U.S. grains: Wheat firms as rain slows harvest
Chicago | Reuters — Chicago Board of Trade wheat futures rose 2.5 per cent on Monday, closing in positive territory for the sixth time in seven sessions on support from wet weather that has been delaying harvest in key U.S. growing areas, traders said. The concerns about the slow harvest, which was most pronounced in […] Read more
U.S. grains: Wheat ends week up 15 per cent on U.S., global weather woes
Chicago | Reuters — U.S. wheat futures notched their biggest weekly advance in three years on Friday as worries about excessive rains in the Midwest and uncertainty over global crop prospects triggered aggressive fund short-covering, analysts said. Corn and soybeans also rose but pared gains as farmers took advantage of the rally and sold supplies […] Read more
U.S. grains: Corn, soy prices soar as storms drench U.S. Midwest
Chicago | Reuters — U.S. corn futures hit their highest level in two months and soybeans topped US$10 a bushel on Thursday on concerns about excessive rains in the U.S. Midwest curbing yield prospects, traders said. Wheat set a two-week high as the wet weather slowed the U.S. soft red wheat harvest, while dry weather […] Read more
U.S. grains: Wheat falls on profit-taking after two-week high
Chicago | Reuters –– Chicago Board of Trade wheat futures fell on Wednesday after a seesaw session, pulled down by profit-taking from a two-week peak and as the hard red winter wheat harvest expanded in the U.S. southern Plains, traders said. Corn and soybeans also declined, reversing midsession gains as producers sold old-crop supplies. But […] Read more
U.S. grains: Wheat soars as rains threaten Midwest’s harvest
Chicago | Reuters — U.S. wheat futures jumped about four per cent on Tuesday on technical buying coupled with concerns about rains delaying the Midwest harvest, traders said. Corn set a five-week high on declining U.S. crop conditions while nearby soybeans fell on softening cash values and stepped-up farmer selling. At the Chicago Board of […] Read more
U.S. grains: Soybeans hit six-week high on weather jitters
Chicago | Reuters — U.S. soybean futures climbed to a six-week high on Monday on concerns about tightening old-crop supplies and excessive rains trimming new-crop yield prospects, traders said. Wheat and corn also rose. At the Chicago Board of Trade, the July soybean contract settled up 18 cents at $9.89-1/2 per bushel after reaching $9.90, […] Read more
U.S. grains: Corn falls on improving weather view
Chicago | Reuters — Chicago Board of Trade soybean futures fell on Friday, setting back from a three-day rally on a round of profit-taking after prices hit their highest in more than a month, traders said. Corn futures also fell, pressured by forecasts for drier weather and rising temperatures that will foster corn development. CBOT […] Read more
U.S. grains: Soy rallies on short-covering, planting woes
Chicago | Reuters — U.S. soybean futures rose for the third day in a row on Thursday, touching their highest in more than five weeks on concerns that dry weather will arrive too late to allow for planting in rain-soaked areas of the Midwest, traders said. Traders said the excess moisture could force farmers to […] Read more
U.S. grains: CBOT corn, soy, wheat rise on weather outlook
Chicago | Reuters –– U.S. soybean futures rose on Wednesday as concerns about rain forcing some farmers to dial back their plantings sparked a round of short-covering, traders said. Corn and wheat futures also closed higher, supported by technical buying as well as some weather-related concerns. Soybeans, which notched a second straight day of double […] Read more
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