Chicago | Reuters — Chicago wheat futures rallied nearly three per cent on Friday after falling to three-week lows this week as another arctic blast across the U.S. winter wheat belt raised worries about the dormant crop, traders and analysts said. That spurred technical buying as Chicago wheat rose to a one-week high. “We pressed […] Read more
U.S. grains: Wheat hits week high on crop worries
U.S. grains: Soy climbs on Brazilian truck strike
Chicago | Reuters — Chicago soybean futures rose on Thursday on uncertainty over Brazil’s trucker strike, which threatens to stall movement of the new harvest of the grain onto the world market, traders and analysts said. Chicago corn and wheat also ended higher, tracking the strength in soybeans. Chicago Board of Trade March soybeans ended […] Read more
U.S. grains: Soybeans slide on easing concerns about Brazil truck strike
Chicago | Reuters — Chicago Board of Trade soybeans retreated on Wednesday from a six-week high earlier this week, on prospects for an imminent end to the Brazilian truck drivers’ strike which had threatened exports just as the country’s massive soybean crop was entering world markets. CBOT wheat also fell as U.S. wheat remains too […] Read more
U.S. grains: Soybeans rise to six-week high on Brazil, weather woes
Chicago | Reuters — Chicago Board of Trade soybeans rose to a six-week high on Tuesday on the potential for increased U.S. demand as world buyers worry about supply disruptions in Brazil because of a trucker strike and rains stalling harvest, traders said. Additional support stemmed from a tight supply of soybeans at U.S. Gulf […] Read more
Prairie CWRS wheat bids drop with U.S. futures
CNS Canada — Cash bids for Canada Western Red Spring (CWRS) wheat across the Prairies moved lower during the week ended Friday, taking most of their direction from a downturn in U.S. futures. Average CWRS prices lost about $9-$10 per tonne, with prices ranging from about $201 per tonne in north-central Saskatchewan to $220 per […] Read more
U.S. grains: Corn, wheat slide to near three-week lows as dollar firms
Chicago | Reuters –– U.S. wheat and corn futures fell to near three-week lows on Monday as a strong dollar loomed over export demand along with aggressive competition from overseas suppliers, traders said. Soybeans, which remain underpinned by a tug-of-war for nearby supplies between processors and exporters, ended mostly unchanged after bouncing from session lows. […] Read more
‘Extreme’ volatility expected in wheat markets this spring
Winnipeg | CNS Canada — Canadian and U.S. wheat markets are likely going to experience some “extreme” volatility this spring, Lawrence Yakielashek of FarmLink Marketing Solutions told the Wild Oats Grainworld Conference. “The spring months are when the firecrackers are going to start to hit the match,” he added. He predicted there would be a […] Read more
U.S. grains: Wheat, corn, soybeans close week lower
Chicago | Reuters — U.S. wheat futures plunged 3.3 per cent on Friday, their biggest decline in nearly two months, on more signs of poor export prospects for U.S. supplies, traders said. Corn and soybean futures also fell, weighed down by a round of end-of-week profit-taking following solid gains on Thursday. But wheat notched the […] Read more
U.S. grains: Soybeans set five-week high on predicted drop in plantings
Chicago | Reuters — U.S. soybean futures jumped to a five-week high on Thursday after the U.S. Agriculture Department projected farmers will plant fewer acres than traders expected in response to falling prices. Corn futures also advanced, while wheat finished flat to lower. USDA, in data released at its annual Agricultural Outlook conference, projected 2015-16 […] Read more
U.S. grains: Wheat tumbles after Egypt cancels U.S. tender
Chicago | Reuters –– U.S. wheat tumbled as much as two per cent on Wednesday, with benchmark Chicago Board of Trade (CBOT) futures falling the most in a week after top global wheat importer Egypt cancelled a tender seeking supplies from the U.S. Overbought technical conditions and profit-taking also pressured prices, with CBOT corn and […] Read more
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