Chicago | Reuters — U.S. soybean futures rose slightly on short-covering on Wednesday after falling nearly two per cent a day earlier when a U.S. Agriculture Department report projected domestic soy stocks would rise to a nine-year high. Wheat and corn futures also edged higher on largely technical buying with ample global grain supplies limiting […] Read more
U.S. grains: Soy, wheat, corn post light gains in technical trade
U.S. grains: Soybeans slide as USDA forecasts ballooning stocks
Chicago | Reuters –– Chicago Board of Trade soybean futures fell nearly two per cent on Tuesday after the U.S. Department of Agriculture projected domestic stocks would rise to 500 million bushels by the end of the 2015-16 marketing year, a nine-year high if realized. Corn ended almost unchanged after sliding to its lowest level […] Read more
U.S. grains: Soybeans, corn fall on planting pace
Washington | Reuters — U.S. corn and soybean futures fell on Monday, pressured by expectations that a government report will show the pace of planting of both commodities was well ahead of the typical schedule. Wheat futures were mixed, with hard red winter wheat contracts supported by concerns about the crop in the U.S. Plains […] Read more
U.S. grains: Crop tour results boost wheat
Chicago | Reuters — U.S. wheat futures rose on Friday, supported by results from an annual crop tour that projected below-average yields in Kansas, the top production state for the grain, traders said. End-of-week short covering and some bargain buying following a 1.4 per cent decline on Thursday also buoyed prices. Corn and soybeans firmed […] Read more
U.S. grains: Weather outlook weighs on corn, soy
Chicago | Reuters –– U.S. corn and soybean futures fell on Thursday, pressured by forecasts for wet and warm weather in the Midwest that will foster early development of both crops in the coming weeks, traders said. Wheat futures also dropped after a sharp rally on Wednesday despite reports of poor yields from a crop […] Read more
U.S. grains: Wheat jumps on weak crop tour results, short-covering
Chicago | Reuters — U.S. wheat futures surged 2.7 per cent on Wednesday, bouncing back from near five-year lows on disappointing results from a crop tour and a crumbling U.S. dollar, traders said. The wheat gains, the most since April 1, spilled into the corn market, which also benefited from slow farmer selling on the […] Read more
U.S. grains: Wheat falls as weather improves
Chicago | Reuters — U.S. wheat futures sank 1.3 per cent on Tuesday, flirting with five-year lows after rain in key production areas boosted harvest prospects as the crop nears maturity, traders said. Poor export demand for U.S. supplies and strong yield projections from early results of a crop tour through Kansas also pressured the […] Read more
Prairie CWRS bids mixed as basis adjustments vary
CNS Canada — Cash bids for Canadian wheat were mixed during the week ended Friday, due to basis adjustments that varied from location, to location. Average Canada Western Red Spring (CWRS) wheat prices were C$2.50 per tonne lower to $4 higher, with bids ranging from $185 per tonne in north-central Saskatchewan to $203 per tonne […] Read more
U.S. grains: Soybeans rise on soyoil rally; wheat, corn drop
Chicago | Reuters –– U.S. soybean futures rose 1.3 per cent on Monday, following a sharp rally in soyoil that stemmed from talk of rising demand on the export market. “I’ve heard some talk that China has an increased appetite for (soy)oil, said Bill Gentry, broker at Risk Management Associates. “That has given some value […] Read more
U.S. grains: Corn falls to lowest since October on rapid plantings
Chicago | Reuters –– U.S. grains shed as much as one per cent on Friday as investors sold off positions on the first day of May amid bearish headwinds of rapid pace of spring plantings and a strong dollar that could limit export prospects. Chicago Board of Trade corn futures fell to the lowest levels […] Read more
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