Chicago | Reuters — U.S. soybean and corn futures fell on Thursday as funds liquidated long positions on improving U.S. weather forecasts and broad weakness in commodity and equities markets, analysts said. Wheat followed the lower trend, pressured by the expanding U.S. winter wheat harvest and plentiful world stockpiles. At the Chicago Board of Trade, […] Read more
U.S. grains: Soy, corn sag on improving weather outlooks
U.S. grains: Corn, soy retreat on rain in Midwest, profit-taking
Chicago | Reuters — U.S. corn and soybean futures eased on Wednesday after better-than-expected rains fell in the Midwest crop belt, prompting investors to take profits after recent highs, analysts said. Wheat futures also declined, pressured by the expanding U.S. winter wheat harvest and plentiful global stocks. At the Chicago Board of Trade, soybeans for […] Read more
U.S. grains: Corn rallies on weather worries
Chicago | Reuters –– U.S. corn futures rose 1.5 per cent on Tuesday, rallying from early weakness as updated weather forecasts raised the risk of stressful hot and dry conditions in the Midwest crop belt. Soybean futures were mixed, with favourable crop ratings pressuring deferred contracts. Wheat futures fell, dragged down by the expanding U.S. […] Read more
U.S. grains: Corn climbs on weather worries, soybeans retreat
Chicago | Reuters — U.S. corn rose about 1.7 per cent on Monday as commodity funds extended net long positions on forecasts for potentially stressful hot weather in the Midwest and the Mississippi River Delta, traders said. Soybeans and wheat turned lower, retreating from early advances. Soybeans fell on profit-taking after the spot contract on […] Read more
U.S. grains: Soybeans notch longest bull run in 43 years
Chicago | Reuters — U.S. soybean futures rose for the ninth straight week, the longest bull run in 43 years, on expectations that crop problems in Brazil and Argentina will steer more export business to the U.S. The U.S. Department of Agriculture (USDA) confirmed increased demand in a monthly crop report that raised the government’s […] Read more
U.S. grains: Wheat, corn ease on profit-taking
Chicago | Reuters — U.S. wheat and corn fell about one per cent on Thursday as traders locked in profit after the previous session’s multimonth highs and ahead of a U.S. Department of Agriculture supply and demand report due on Friday. Soybean prices were narrowly mixed at the Chicago Board of Trade, holding near the […] Read more
U.S. grains: Weather concerns spark soybean rally
Chicago | Reuters — Chicago Board of Trade soybean futures jumped 3.4 per cent to their highest in nearly two years on Wednesday as forecasts for hot temperatures to hit key growing U.S. regions stoked fears of damage to nascent crops, traders said. “The weather is mostly dry this week, but now meteorologists are wrestling […] Read more
U.S. grains: Soybeans rise on weather view
Chicago | Reuters — Chicago Board of Trade (CBOT) soybean futures rose on Tuesday, supported by concerns about a La Nina weather pattern hindering crop development in the U.S. Midwest this summer with hot temperatures and dry conditions, traders said. Wheat futures also advanced, rising for the fifth straight day amid a round of short-covering […] Read more
U.S. grains: Corn, soy, wheat rise on weather threats
Chicago | Reuters –– U.S. corn, soybeans and wheat rallied on Monday, supported by concerns that rains in South America and Europe and dryness in the U.S. could limit crop production, traders said. “Crops are too wet over there while the next soaking rain looks at least 10 days off over here,” Matt Zeller, director […] Read more
U.S. grains: Profit-taking pulls soy from two-year highs
Chicago | Reuters — U.S. soybean futures backed off two-year highs on Friday, with investment funds locking in profits from the oilseed’s sharp rally this week. Wheat firmed as heavy rains dented crop prospects in western Europe and caused some investors to cover bearish bets they had made on the market. “Wheat caught another wave […] Read more
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