Chicago / Reuters – U.S. soybeans surged as much as 2.8 per cent on Friday, reversing earlier losses in a rally sparked by U.S. data showing improved export demand, traders and analysts said. Corn futures were narrowly higher and wheat mostly lower. All three commodities notched steep monthly losses on the final trading day of […] Read more
U.S. grains: Soy surges on short-covering on way to huge monthly loss
U.S. grains: Corn, soy ease as investors eye big U.S. harvests
Chicago / Reuters – U.S. corn and soybean futures fell one per cent or more on Thursday, pressured by ample existing supplies and largely favourable growing conditions that will likely lead to huge harvests this fall, traders and analysts said. Chicago Board of Trade corn futures led the declines, with technical selling weighing further after prices […] Read more
U.S. grains: Soy extends gains on short-covering, weather worries
Chicago / Reuters – U.S. soybean futures gained for the second straight session on Wednesday on short-covering and worries about dry weather conditions in the key crop development month of August, traders and analysts said. Corn futures also rose at the Chicago Board of Trade, primarily on bargain buying, while wheat was narrowly lower. CBOT soybeans […] Read more
U.S. grains: U.S. wheat tumbles on ample supplies, Euronext declines
Chicago / Reuters – Chicago Board of Trade wheat futures plunged as much as 3 per cent on Tuesday, their largest daily losses in three weeks, on pressure from ample global grain supplies and following declines in Euronext wheat, traders said. Wheat on the Paris exchange fell sharply for the second straight session, correcting after […] Read more
Weak U.S. wheat futures watching European crops
Commodity News Service Canada – U.S. wheat futures are trading just above their weakest levels in 10 years, but the lows may be in for the time being as funds are already holding large short positions and attention turns to problems with the European crop. “We’re really just following the EU,” said wheat-broker Austin Damiani, of […] Read more
U.S. grains: Soybeans extend losses on fund selling, favorable weather
Chicago / Reuters – U.S. soybean futures fell sharply on Monday, extending the steep declines seen last week on pressure from investment fund selling and favourable extended weather outlooks for the developing crop, traders and analysts said. Wheat and corn futures each were narrowly lower at the Chicago Board of Trade, with wheat reversing from earlier […] Read more
U.S. grains: Soy falls as harvest expectations rise; wheat, corn firm
Chicago / Reuters – U.S. soybean futures fell 2.3 per cent to a three-month low on Friday as the weather forecast for August reinforced expectations that the crop developing in the U.S. Midwest would blossom into a bumper harvest. Wheat and corn futures firmed, recovering from early weakness, as investment funds unwound bearish bets ahead of […] Read more
U.S. grains: U.S. corn extends losing streak on weak exports, good weather; soy firms
Chicago / Reuters – U.S. corn futures fell for the third day in a row on Thursday, with good weather for crop development in the U.S. Midwest and poor exports pushing prices to their lowest in nearly two years. Wheat and soybean futures firmed. The soy market was supported by signs that overseas buyers were […] Read more
U.S. grains: Improving weather sparks sell-off in U.S. corn, soybeans
Chicago / Reuters – U.S. corn and soybean futures posted sharp declines on Wednesday, with corn hitting its lowest in nearly two years as the latest weather outlook appeared less threatening to crop development, traders said. Soybean futures led the sell-off, sinking 2 per cent and hitting their lowest since April 26. Wheat futures also fell, […] Read more
U.S. grains: Corn, soy prices tumble on strong U.S. crop ratings
Chicago / Reuters – U.S. corn and soybean futures fell more than 3 per cent on Tuesday, pressured by historically high crop ratings and forecasts for moderating temperatures next week, analysts said. Wheat also declined, following the weak trend. At the Chicago Board of Trade as of 12:27 p.m. CDT (1727 GMT), December corn was down […] Read more
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