Chicago | Reuters — Chicago Board of Trade wheat futures surged four per cent on Wednesday, rising for a fifth straight session on worries that Russia, a key global supplier, might restrict exports to cool domestic prices, traders said. Strong U.S. ethanol production bolstered corn, while soybeans firmed on technical buying. CBOT March wheat settled […] Read more
U.S. grains: Wheat hits six-month high on Russia worries
U.S. grains: Wheat hits six-month top on worries over Russian exports
Chicago | Reuters –– Chicago Board of Trade wheat futures climbed to a six-month high Tuesday on lingering fears that Russia might seek to curb grain exports as a result of pressure on the rouble. Soybeans fell on improving South American crop prospects and softening values for soymeal while corn retreated from multimonth highs set […] Read more
Russian export uncertainty driving U.S. wheat futures
CNS Canada — Uncertainty over Russian exports has brought some volatility to U.S. wheat markets, with shifting speculation on the country’s intentions a major driver in day-to-day futures trade. “We’ve seen the market see-saw back and forth, with whatever Russia said (influencing) the way the market moved,” said market analyst Bryan Strommen of Progressive Ag […] Read more
U.S. grains: Wheat up two per cent on Russia export uncertainty, technicals
Chicago | Reuters –– Chicago Board of Trade wheat futures rose two per cent on Monday on a mix of chart-based buying and uncertainty over Russian grain export policy, traders said. Soybeans fell, pressured by a monthly industry report showing a smaller-than-expected November soy crush. Corn ended higher, but gains were limited by stepped-up farmer […] Read more
U.S. grains: Corn soars to five-month peak on technicals, fund buying
Chicago | Reuters — U.S. corn futures surged more than two per cent on Friday, with the benchmark contract rising above US$4 a bushel to its highest in nearly five months, fueled by technical buying and heavy buying by commodity funds. Wheat futures extended a rally to move above the psychological $6-a-bushel barrier as buying […] Read more
U.S. grains: Wheat rallies late, ends up on fund buying
Chicago | Reuters — U.S. wheat futures rallied 2.6 per cent on Thursday, ending a choppy trading session with a late-day surge on short-covering and fund buying amid talk of a slowdown in exports from Russia. Corn futures rose to a one-month high on strong export sales and technical buying, but prices closed below their […] Read more
U.S. grains: Wheat drops as fears fade about Russian export limits
Chicago | Reuters — U.S. wheat futures fell two per cent on Tuesday as Russia denied it was discussing grain export restrictions, while soybean futures rose for the fifth consecutive session on strong export demand. Corn futures advanced as traders adjusted positions ahead of a monthly U.S. Department of Agriculture report on Wednesday. The wheat […] Read more
U.S. grains: Wheat drops on profit taking, export prospects
Chicago | Reuters — U.S. wheat futures fell 2.3 per cent on Wednesday, retreating from near six-month highs on a round of profit taking and ideas that the recent rally had made U.S. supplies uncompetitive on the global market, traders said. Corn and soybeans edged higher, turning positive late in the trading day. Soybeans received […] Read more
U.S. grains: Wheat jumps on Black Sea woes, short-covering
Chicago | Reuters — U.S. wheat futures surged 5.2 per cent to nearly a six-month high on Monday on concerns about a slowdown in exports from Russia and other countries in the Black Sea region. Soybean and corn futures were close to unchanged, although most contracts rose slightly after fluctuating between positive and negative territory […] Read more
U.S. grains: Wheat nears five-month top as Russia tightens export rules
Chicago | Reuters — U.S. wheat futures climbed to their highest in nearly five months on Friday, supported by news that Russia, a major global wheat supplier, was tightening its grain export rules, traders said. Soybeans fell nearly three per cent as soymeal declined on talk of softening cash meal values. Corn also sagged on […] Read more
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