Chicago | Reuters –– U.S. wheat futures rose for a second day in a row on Tuesday on support from the deteriorating condition of the dormant crop and prospects for more damage from arctic temperatures across key growing areas, traders said. “The hard red winter wheat crop is in a tough spot right now,” Matt […] Read more
U.S. grains: Wheat up as temperatures drop
U.S. grains: Wheat, corn, soybeans surge on technical, bargain buying
Chicago | Reuters — U.S. soybean, corn and wheat futures rallied on Monday, rebounding from sharp losses on a round of bargain buying, traders said. “People are coming back from holiday and saying ‘look at how hard things got hit’ and maybe thinking that it was a little overdone,” said A/C Trading Co. president Jim […] Read more
U.S. grains: Soybeans hit one-month low on technicals, rising world supply
Chicago | Reuters — U.S. soybean futures dropped to a one-month low on Friday on technical selling and pressure from rising global supplies as South American growers are expected to harvest bumper crops in the coming weeks. Technical selling also dragged corn and wheat prices to their lowest in three weeks, while a firmer U.S. […] Read more
U.S. grains: Bumper crops drag soy to biggest yearly loss in decade
Chicago | Reuters –– U.S. soybean futures fell Wednesday and ended 2014 with their biggest loss in a decade as bumper production in the U.S. and South America replenished global supply of the protein-rich oilseed. Corn and wheat also fell during the session and posted annual declines against a backdrop of ample worldwide supply. But […] Read more
U.S. grains: Wheat drops on technical selling, drags corn lower
Chicago | Reuters — U.S. wheat futures tumbled on Tuesday on profit taking and technical selling and as the dollar’s strengthening against the euro added to already-challenging U.S. wheat export prospects. Corn followed wheat lower in a profit-taking setback after the market hit a near six-month high the previous day, while soybeans closed lower after […] Read more
U.S. grains: Corn drops from peak, soybeans turn lower
Chicago | Reuters –– U.S. corn futures declined on Monday on technical selling and profit-taking after stronger-than-expected weekly export sales earlier lifted the market to its highest in nearly six months. Soybeans also turned lower after earlier hitting a 6-1/2 week high, pressured by technical selling and easing soymeal prices. Wheat futures closed higher for […] Read more
U.S. grains: Corn reaches new five-month high, wheat advances
Chicago / Reuters – U.S. corn futures on Tuesday jumped to a new five-month high for the second consecutive session on increasing global demand and wheat advanced amid uncertainty about the impact of Russian export restrictions. Soybean futures also were firmer in thin volume before the Christmas holiday on Thursday. Nearby March corn futures hit a session high of […] Read more
U.S. grains: U.S. corn sets five-month high on rising export demand
U.S. corn futures on Monday touched a fresh five-month high on firm export demand, while wheat slumped on profit-taking and slow sales to foreign buyers. Soybeans also advanced on strong export sales in light trading volume ahead of the Christmas holiday, traders said. Corn futures finished near unchanged after the nearby contract rose to its highest level since July. […] Read more
U.S. Grains: Profit taking pulls U.S. wheat lower, soy sags
U.S. wheat futures fell 3.5 per cent on Friday, stepping back from their highest in more than six months on a round of profit-taking ahead of a holiday-shortened week, traders said. The drop in wheat weighed on corn, but signs of strong export demand limited selling in the yellow grain. Soybeans also were weak on forecasts for crop-boosting rain in […] Read more
U.S. grains: CBOT wheat extends rally, corn hits highest since July
Chicago | Reuters — U.S. wheat futures rose on Thursday, extending a winning streak spurred by concerns about Russia cutting back on its overseas shipments, traders said. Corn and soybean futures also firmed, with corn hitting its highest since July 7 during the session. Improving export prospects following China’s approval of some genetically modified strains […] Read more
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