Chicago | Reuters –– Chicago Board of Trade soybean futures dropped to their lowest in nearly three months on Tuesday as export demand for U.S. supplies weakened ahead of what are expected to be record harvests in Brazil and Argentina, traders said. Corn and wheat futures closed firm on a round of bargain buying following […] Read more
U.S. grains: Soy falls as export interest shifts
U.S. grains: Corn rallies on bargain buying, export demand
Chicago | Reuters — U.S. corn rose 1.8 per cent on Friday for its biggest daily gain in about two weeks, rebounding from a nearly two-month low on support from short covering and increasing export demand. Wheat and soybean futures were mixed in light volume, with bargain buying supporting some contracts even as worries of […] Read more
U.S. grains: Soybeans fall on soymeal tumble, NOPA data
Chicago | Reuters — U.S. soybeans reversed earlier gains to fall two per cent on Thursday, pressured by a steep downturn in soymeal futures and smaller-than-expected private crushing data. Wheat futures extended their worst downturn in six months on lacklustre export demand while corn was little-changed after falling to a five-week low in the previous […] Read more
U.S. grains: Corn falls to five-week low on big ethanol supply, technicals
Chicago | Reuters –– U.S. corn fell one per cent on Wednesday, extending declines from the past two sessions to the largest in 1-1/2 years on pressure from chart-based selling and ballooning supplies of grain-based ethanol. Wheat had its sixth straight down day, pulled lower by plentiful global supplies of wheat and corn. Soybeans reversed […] Read more
U.S. grains: Corn down most since June
Chicago | Reuters — U.S. corn tumbled the most since June and soybean futures extended declines to a one-month low on Tuesday as plentiful global stockpiles triggered massive liquidation of long positions by investment funds, traders and analysts said. Chicago Board of Trade March corn fell more than four per cent as commodity funds sold […] Read more
U.S. grains: Soybeans fall most since June on big global supplies
Chicago | Reuters — U.S. soybean futures fell more than three per cent on Monday, their largest daily decline since June, after a record supply outlook from the U.S. Department of Agriculture triggered investment fund liquidation. Chicago Board of Trade wheat futures also were lower on pressure from larger-than-expected global supply forecasts while corn reversed […] Read more
U.S. grains: Corn, soy gain on export demand
Chicago | Reuters — U.S. corn and soybean futures firmed on Friday, supported by strong export demand, while wheat weakened slightly as traders evened up positions ahead of a key U.S. government report on crop production and supplies, traders said. Corn posted the biggest gain, rallying 1.5 percent. A round of pre-report short covering following […] Read more
Declining wheat futures watch corn for further direction
CNS Canada — U.S. wheat futures have posted large losses over the past three weeks, but will be watching corn to provide some further direction in the near future, according to a wheat broker. The U.S. Department of Agriculture releases a number of closely watched reports on Monday (Jan. 12), including winter wheat seedings, quarterly […] Read more
U.S. grains: Wheat, corn slump as export demand weakens
Chicago | Reuters –– U.S. wheat futures fell 2.2 per cent to a six-week low on Thursday on poor export demand and easing concerns about crop damage despite sub-zero temperatures settling in across key U.S. growing regions, traders said. “Yes, it did get very cold overnight,” Joe Barker, market analyst at CHS Hedging said in […] Read more
U.S. grains: Corn drops as ethanol stocks build
Chicago | Reuters — U.S. corn futures fell 2.2 per cent on Wednesday, dropping below the key US$4 a bushel level on pressure from an industry report that showed demand from the ethanol sector was waning. Wheat futures also declined on concerns about a strong dollar hitting export demand for U.S. offerings amid an ample […] Read more
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