Chicago | Reuters — Chicago Board of Trade soybean futures rose as much as 2.5 per cent on Tuesday, supported by the U.S. Department of Agriculture’s cut to crop ratings and its report showing planting has fallen behind the typical pace, traders said. Corn futures rose too, firming on bargain buying after posting a sharp […] Read more
U.S. grains: Soybeans rally as planting slows, crop concerns emerge
U.S. grains: Weather view weighs on CBOT corn, wheat
Chicago | Reuters — Chicago Board of Trade wheat futures sank 2.9 per cent on Monday, hitting a two-week low on expectations that drier conditions in the U.S. Plains will allow farmers to harvest a bumper crop, traders said. Corn futures also fell, hitting new contract lows amid pressure from good weather for crop development […] Read more
U.S. grains: Wheat falls as supply risks ease
Chicago | Reuters — U.S. wheat futures fell to their lowest level in 1-1/2 weeks on Friday, surrendering more gains from a recent rally, weighed down by plentiful supplies and slow export sales. Corn and soybean prices also eased, with overall favourable U.S. crop conditions contributing to the downward pressure on prices. Wheat slid from […] Read more
U.S. grains: Wheat slips to one-week low on raised supply outlook
Chicago | Reuters — U.S. wheat futures extended losses to the lowest levels in a week on Thursday, pressured by gains in the dollar and after the U.S. Department of Agriculture raised its supply outlook. Soybeans and corn also eased as the stronger greenback made U.S. goods less attractive in international markets. The dollar climbed […] Read more
U.S. grains: Wheat falls most in two weeks as USDA boosts supply outlook
Chicago | Reuters — U.S. wheat futures tumbled more than three per cent for their largest losses in two weeks on Wednesday after the U.S. Department of Agriculture boosted its production forecast for the winter wheat crop in a monthly supply and demand report. Corn futures posted their largest daily declines since March at the […] Read more
Nearby spring wheat charts looking bullish
CNS Canada — Nearby technical signals for MGEX spring wheat futures in Minneapolis have turned bullish, as prices rallied during the first part of June. However, the market remains rangebound from a longer-term perspective. The July wheat contact in Minneapolis has climbed by 50 cents per bushel since June 1, and settled Tuesday at US$5.8275. […] Read more
U.S. grains: Wheat touches two-month high on harvest bets
Chicago | Reuters — U.S. wheat futures jumped as much as one per cent on Tuesday, extending gains from the previous session to a two-month high as investors bet that heavy rains would hit yields of the winter wheat crop in the southern U.S. Plains. Soybeans also rose, reaching a three-week peak as a broad-based […] Read more
Wheat bids climb with U.S. futures
CNS Canada –– Cash bids for Canadian wheat climbed sharply during the week ended Friday, as a rally in U.S. futures pulled bids up across the Prairies. Average Canada Western Red Spring (CWRS) wheat prices were C$12 to $19 per tonne higher, with bids ranging from about $218 per tonne in north-central Saskatchewan to as […] Read more
U.S. grains: Wheat adds two per cent gain to weather-related rally
Reuters — Chicago wheat futures climbed two per cent on Monday, extending last week’s rally on worries over potentially lower crop yields in the U.S. Plains. Wheat’s gains helped pull corn and soybeans close to the multi-week highs they touched on Friday. Weather concerns encouraged investors to cover short positions, said Mark Schultz, chief analyst […] Read more
U.S. grains: Profit-taking weighs on soybeans, corn, wheat
Chicago | Reuters — U.S. corn, wheat and soybean futures fell on Friday on end-of-week profit-taking and technical selling, traders said. It was the first time all three commodities posted losses on the same day since May 26. Some position-squaring ahead of the U.S. Agriculture Department’s monthly supply and demand report on Wednesday was noted. […] Read more
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