EDITOR’S NOTE: Reuters’ daily closing reports from U.S. grain and oilseed futures markets are now available via the “Markets” section on the Grainews, Country Guide, Canadian Cattlemen, Alberta Farmer and Manitoba Co-operator sites. You’ll be able to find them there instead of here in the Daily News feed starting next week. Chicago | Reuters — U.S. wheat rose to its highest in more […] Read more
U.S. grains: Wheat highest in over a week on global weather worries
U.S. wheat futures consolidate, but more strength possible
CNS Canada — U.S. wheat futures have run into some resistance after posting solid gains recently, and could see some more consolidation in the short term. However, there are still a number of supportive factors at play in the wheat market, according to an analyst. “The rally has really slowed down, and we’ve reversed from […] Read more
U.S. grains: Wheat at three-month high, posts biggest weekly gain since 2012
Chicago | Reuters — Chicago Board of Trade wheat rose to a three-month high on Friday and posted its biggest weekly gain in two years, buoyed by fund buying and worries about a cold spell that could harm U.S. crop prospects, traders said. Soybeans fell, led by soymeal on softening export demand, and corn sagged […] Read more
U.S. grains: Wheat hits 2-1/2 month high on cold spell
Chicago | Reuters –– Chicago Board of Trade wheat rose for a fourth consecutive session on Thursday, reaching a 2-1/2-month high on short-covering and worries about a cold spell in the U.S. Corn neared a four-month high and soybeans firmed, recouping some of the previous session’s losses. At the CBOT, December wheat settled up 11 […] Read more
U.S. grains: Soybeans retreat from multi-month highs
Chicago | Reuters –– Chicago Board of Trade soybean prices fell on Wednesday, retreating from multi-month highs on profit-taking, farmer selling and rumours of South American soymeal cargoes being shipped to the U.S., traders said. Wheat prices rose on concerns that a cold spell in the U.S. Plains and Midwest could halt early crop growth, […] Read more
U.S. grains: Corn, wheat firm after USDA report
Chicago | Reuters — Chicago Board of Trade soybean futures fell one per cent on Monday after the U.S. Department of Agriculture raised its estimate of the record harvest in a monthly report and left its view of ending stocks unchanged, traders said. Corn closed higher after USDA surprised traders by lowering its estimate of […] Read more
U.S. grains: Wheat posts first weekly loss since September
Chicago | Reuters –– Chicago Board of Trade wheat futures dropped for the fourth day in a row on Friday as U.S. exporters struggled to compete in an export market laden with supplies from around the globe, traders said. Corn prices also fell, with investors staking out positions ahead of a U.S. Agriculture Department report […] Read more
U.S. wheat futures rising, but watching corn and beans
CNS Canada — U.S. wheat futures have shown some strength over the past month, but advancing harvest pressure from soybeans and corn may come forward to limit any additional independent strength in wheat over the next few weeks. After setting contract lows on Oct. 1, all three U.S. wheat markets have trended higher through the […] Read more
U.S. grains: Corn, wheat top one-month highs
Chicago | Reuters –– U.S. corn and wheat futures climbed on Tuesday to their highest levels in more than a month, as technical and speculative buying pushed up prices in the face of advancing U.S. harvests. Soy futures also traded higher, led by gains in soymeal. The rallies will likely be short-lived as farmers are […] Read more
U.S. grains: Soybeans, wheat, corn rebound on technical buying
Reuters — Chicago grain and soybean futures rose Thursday on technical buying, rebounding from losses in the previous session that were due to forecasts for favourable harvest weather in the week ahead. Bargain-buying also buoyed soybeans after the previous session’s loss, while short-covering added to wheat’s advances. Some investors may see grains as a safer […] Read more
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