Chicago | Reuters — U.S. corn and soybean futures weakened on Friday on forecasts for dry weather in the Midwest that will allow farmers to pick up the pace of what is expected to be a record harvest of both crops, traders said. Wheat futures also eased as investors squared positions ahead of a key […] Read more
U.S. grains: Corn, soybeans drop on weather view
U.S. grains: Corn futures fall, soybeans firm as harvest expands
Chicago | Reuters — Chicago Board of Trade corn futures fell 1.9 per cent on Thursday, pressured by the expanding harvest in the U.S. Midwest as well as a forecast for a bumper crop in Brazil, traders said. Soybean futures edged higher, overcoming bearish supply trends on strong export demand and some technical buying. U.S. […] Read more
U.S. grains: Wheat jumps on short-covering
Chicago | Reuters — U.S. wheat futures rose more than two per cent on Wednesday as signs of fresh export demand triggered a short-covering rally in a market where commodity funds hold a large net short position, traders said. Corn futures ended lower after a choppy session while soybeans fell, pressured by the expanding harvest […] Read more
MGEX spring wheat futures pull away from winter wheat
CNS Canada — Minneapolis spring wheat futures are pulling away from their winter wheat counterparts, as quality issues with the North American spring wheat crop bring in protein premiums, according to an analyst who said there was more room to the upside in spring wheat. Kansas City and Chicago winter wheat contracts hit 10-year lows […] Read more
U.S. grains: Soybean rally snuffed out as harvest advances
Reuters — Chicago soybean prices fell on Tuesday, snuffing out a three-session rally as an accelerating U.S. harvest shifted attention back toward the prospect of record production. Corn edged higher, supported by short-covering in spread trades against soybeans, while wheat finished flat, held in check by technical selling and ample U.S. supplies. Chicago Board of […] Read more
U.S. grains: Corn jumps in trading against wheat
Reuters — U.S. corn futures jumped to a 10-1/2 week high on Monday, lifted by trades that simultaneously bought the grain and sold wheat, after last week’s report on supplies by the U.S. Department of Agriculture. Chicago wheat slipped, while soybeans rose to their highest since Sept. 23 on short-covering and gains in soymeal. USDA […] Read more
U.S. grains: Corn jumps on positioning, new signals of feed demand
Chicago | Reuters — U.S. corn futures jumped Friday on quarter-end positioning and government crop data that signalled livestock producers had not cut back on feeding the grain in favour of wheat, as some traders had expected. Prices rose after the U.S. Department of Agriculture, in a quarterly crop report, said 1.738 billion bushels of […] Read more
U.S. grains: Soybean futures strong, wheat weak
Chicago | Reuters — U.S. soybean futures firmed on Thursday on a mild round of bargain buying and short-covering ahead of a key government report on Friday, traders said. Signs of strong export demand for the oilseed also lent support to soybean futures but gains were kept in check by reports of good yields from […] Read more
U.S. grains: Corn, soybeans fall on harvest pressure
Chicago | Reuters — U.S. corn and soybean futures weakened Wednesday on expectations that drier weather in the coming days will allow farmers in the Midwest to ramp up the harvest of what is expected to be record-large crops, traders said. MGEX spring wheat and K.C. hard red winter wheat contracts firmed on tight stocks […] Read more
U.S. grains: Soybeans, wheat edge higher on short-covering
Chicago | Reuters — U.S. grain and oilseed futures were mostly higher on Tuesday, with soybeans rebounding from an earlier five-month low on support from investor short-covering ahead of a U.S. Department of Agriculture quarterly stocks report due on Friday. Rainfall delayed the U.S. corn and soybean harvests, while heavy precipitation could curb wheat output […] Read more
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