Chicago | Reuters — U.S. corn and wheat futures climbed four per cent on Tuesday amid a broad-based rally in commodities led by crude oil as the dollar slipped to a near-two-week low on weaker domestic economic data, traders said. Chicago Board of Trade grain markets were overdue for a short-covering rebound after falling to […] Read more
U.S. grains: Corn gets biggest boost of new year as dollar slips
U.S. grains: Markets sag under pressure from hefty global supplies
Chicago | Reuters — U.S. wheat futures dropped to a four-month low on Monday while corn and soybeans hovered near multi-month lows as large crop inventories kept a lid on prices. Traders focused on hefty grain supplies as crop weather improved in South America, with scattered showers in Brazil easing concerns about drought curtailing soybean […] Read more
U.S. grains: Wheat, corn, soy fall on month-end fund selling
Chicago | Reuters — U.S. wheat, corn and soybean futures fell to multi-month lows Friday on commodity fund liquidation at the month’s end amid ample world stocks and fears of slowing growth, traders said. “We are building in record crops in South America, and we are washing out some spec length. Nobody can look at […] Read more
U.S. grains: Wheat rallies, rebounds from three-month low
Chicago | Reuters — Chicago Board of Trade wheat futures rose on Thursday, halting a six-session slide and rebounding from a three-month low after the U.S. Department of Agriculture reported larger-than-expected weekly export sales. Corn and soybeans both closed lower. At the CBOT, March wheat settled up 2-1/2 cents at $5.07-3/4 per bushel, paring gains […] Read more
U.S. grains: Wheat falls on fund selling
Chicago | Reuters — Chicago Board of Trade wheat futures fell 2.7 per cent on Wednesday to a three-month low on technical selling, plentiful global supplies and forecasts for rains in the U.S. Plains, analysts said. Soybean futures slid as soyoil prices hit their lowest in nearly six years, and corn also declined. At the […] Read more
U.S. grains: Soy falls as China cancels purchase, meal retreats
Chicago | Reuters –– Chicago Board of Trade soybean futures fell one per cent on Tuesday on technical selling and on signs of slowing export demand for U.S. supplies, traders said. Corn and wheat also declined. At the CBOT, March soybeans ended down 9-3/4 cents at $9.73-3/4 per bushel (all figures US$). March corn fell […] Read more
U.S. grains: Soybeans rebound from three-month low, led by soymeal
Chicago | Reuters — Chicago Board of Trade soybean futures rebounded from a three-month low on Monday, led by export demand for U.S. soymeal, a key source of protein in animal feed rations, traders said. Wheat and corn closed lower. At the CBOT, March soybeans settled up 10-3/4 cents at $9.83-1/2 per bushel, rallying after […] Read more
U.S. grains: Wheat falls on dollar pressure
Chicago | Reuters — U.S. corn futures firmed on Friday on support from bigger-than-expected U.S. export sales, traders said. “The exports are pretty important,” said Bill Gentry, broker at Risk Management Commodities in Lafayette, Indiana. “(They show) the corn has got some value at these and lower levels.” Soybeans dropped near three-month lows, capping a […] Read more
U.S. grains: Markets weaken under pressure from firming U.S. dollar
Chicago | Reuters — U.S. grain and soybean futures slipped on Thursday as the rising U.S. dollar made farm products less competitive on the global market. The U.S. is having a hard time competing for grain export business, with Ukraine and South America undercutting U.S. corn prices, said Tomm Pfitzenmaier, analyst for Summit Commodity Brokerage […] Read more
U.S. grains: Corn drops from one-week high
Chicago | Reuters — U.S. corn futures slipped from a one-week high on Wednesday on ample global supplies, traders said. Soybean futures edged higher, with bargain buyers picking prices up from their lowest since October even as concerns about dry weather culling crop production in South America eased. “Despite recent talk of drier-than-normal weather across […] Read more
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