Reuters — Chicago soybean futures slid for a third consecutive session on Thursday, giving up three per cent to their lowest since mid-August, as a widely watched crop tour reported bumper prospects across the U.S. Midwest. Corn and wheat lost ground for a fourth session in a row, amid expectations for huge global grain supplies. […] Read more
U.S. grains: Soybeans sag to near two-week low as crop impresses scouts
U.S. grains: Soybeans weighed down by big harvest prospects
Reuters — U.S. soybeans and grains dipped on Wednesday, weighed down by abundant harvest prospects in key countries. Soybeans led the way lower, as the closely watched four-day Pro Farmer U.S. Midwest Crop Tour scouted impressive crops in central Illinois, following its observation a day earlier of above-average soybean pod counts in Nebraska and Indiana. […] Read more
U.S. grains: Corn touches one-week low on improved crop conditions
Chicago | Reuters –– U.S. corn futures slid to a one-week low on Tuesday and soybean futures lost ground, a day after a U.S. government report showed both crops were thriving. Expectations that a privately run U.S. crop tour would uncover stronger yields in the coming days than on Monday, when it began, put additional […] Read more
U.S. grains: Soybeans climb on persistent export demand
Chicago | Reuters — U.S. soybean futures rose on Monday, with the benchmark November contract reaching its highest in a month on strong export demand for U.S. supplies, traders said. Wheat futures fell nearly three per cent, led by the spot September contract, while corn drifted lower in rangebound trade. At the Chicago Board of […] Read more
U.S. grains: Weather forecast weighs on soybeans
Chicago | Reuters — U.S. soybean futures fell on Friday as the weather outlook for the Midwest bolstered expectations of a huge harvest in the fall, traders said. Chicago Board of Trade corn and wheat futures firmed, recovering from early weakness on short-covering and technical buying. The forecast for key growing areas of the U.S. […] Read more
U.S. grains: Soybeans weaken while corn, wheat tick higher
Chicago | Reuters –– U.S. soybean futures eased on Thursday, closing well above session lows as technical buyers stepped into the market after profit-taking sparked an early sell-off, traders said. Wheat and corn futures firmed on short-covering, recovering from early dips into negative territories. Rain in key U.S. growing areas that removed some lingering doubts […] Read more
U.S. grains: Exports support soybeans
Chicago | Reuters –– U.S. soybean futures rose to their highest in nearly four weeks on Wednesday on strong demand from China, the world’s top buyer of the oilseed, traders said. Corn and wheat futures posted mild gains on a round of short-covering. It was corn’s fourth positive close in a row. “We had some […] Read more
U.S. grains: Wheat rises on short-covering
Chicago | Reuters — U.S. wheat futures firmed on Tuesday, with a falling dollar spurring a mild round of short-covering in the beaten-down market, traders said. Corn futures also edged higher, with technical buying underpinning the market. Soybeans weakened, drawing back from sharp gains on Monday as investors locked in profits. Rain in eastern parts […] Read more
U.S. grains: Soybeans gain as soyoil rallies
Chicago | Reuters — U.S. soybean future surged 2.8 per cent on Monday to their highest in more than three weeks, supported by strong export demand and a rally in the soyoil market, traders said. The gains in soybeans pulled corn higher, but wheat closed lower as traders locked in profits from early gains amid […] Read more
U.S. grains: Corn touches seven-year low on record crop view
Chicago | Reuters — U.S. corn futures plunged to a seven-year low on Friday and hit contract lows in all months after a the government forecast a larger-than-expected harvest, but the market ultimately closed firm as the low prices prompted bargain buying. Soybeans eased as the U.S. Department of Agriculture projected the U.S. crop would […] Read more
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