Chicago | Reuters — U.S. wheat futures fell three per cent to a five-week low on Monday as weekend rains in the U.S. Plains, and forecasts for more next weekend, eased worries about yield prospects, traders said. Corn followed wheat down, but soybeans rose to an eight-month high on technically driven trade. At the Chicago […] Read more
U.S. grains: Wheat to five-week low on forecasts for rains
Corn, wheat prices seen hitting 10-year lows in 2016
Geneva | Reuters — Hefty supplies, large expected crops and poor U.S. exports will weigh on grain prices later this year with corn and wheat set to drop to 10-year lows as harvest nears, consultancy AgResource said Friday. In its first 2016 price forecast, the U.S.-based consultancy forecast Chicago Board of Trade (CBOT) December corn […] Read more
U.S. grains: Wheat dips again on weak sales, improving crop
Reuters — Chicago wheat dropped on Thursday for the fourth straight session on lacklustre weekly export sales and the improving condition of the U.S. winter crop. Soybeans slid in a correction from Monday’s highest price since Aug. 17 and corn rose on speculation U.S. farmers may switch some acres to soy. The most-active May wheat […] Read more
U.S. grains: Wheat drops to near one-week low as crop progresses
Reuters — Chicago wheat fell on Wednesday to a nearly one-week low, pressured by a U.S. Department of Agriculture report that revealed U.S. wheat was progressing faster than expected. Corn rose to its highest in almost a week, following technical indicators. Soybeans gained on bargain-buying. The Chicago Board of Trade’s most-active May wheat contract fell […] Read more
U.S. grains: Soy dips as farmers are expected to expand plantings
Chicago | Reuters — U.S. soybean futures on Tuesday extended a setback from the nearly eight-month highs reached a day earlier, as wet weather fueled projections that farmers will plant more fields with the oilseed than previously expected. Rainy, cool conditions in the U.S. South and Midwest could prompt growers to switch one million to […] Read more
U.S. grains: Soybeans retreat from August peak
Chicago | Reuters — U.S. soybean futures slumped on Monday as traders took profits after prices reached their highest point since August on technical buying and last week’s government forecast for lower-than-expected plantings. Corn prices ended mixed as traders digested the U.S. Department of Agriculture’s (USDA) estimate for much larger-than-expected U.S. plantings of the yellow […] Read more
U.S. grains: Soybeans, wheat extend gains after planting forecasts
Reuters — U.S. soybean and wheat futures rose on Friday as estimates of smaller-than-expected U.S. plantings spurred buying. Corn bounced off a 9-1/2-month low to finish up on bargain-buying. Chicago Board of Trade May soybeans rose 7-1/2 cents or 0.9 per cent to $9.18-1/4 a bushel, racking up a fifth straight weekly gain (all figures […] Read more
U.S. grains: Corn tumbles four per cent on acreage forecast shock
Chicago | Reuters — U.S. corn futures plunged more than four per cent on Thursday in the market’s steepest drop since mid-August after the U.S. Agriculture Department forecast 2016 planted acreage well above trade expectations. Soybeans firmed on USDA’s lower-than-expected soybean acreage and quarterly stocks estimates, although gains were limited by spillover pressure from corn. […] Read more
U.S. grains: Wheat drops from two-week high
Chicago | Reuters — U.S. wheat futures tumbled more than two per cent on Wednesday, erasing two sessions of gains, as forecasts for rain in some dry areas of the southern Plains eased concerns about reduced yields. Corn and soybeans also declined as traders adjusted positions ahead of the U.S. Agriculture Department’s planting intentions and […] Read more
U.S. grains: Wheat extends gains on dry, chilly weather
Reuters — Chicago wheat climbed on Tuesday to add to sharp gains a day earlier as the market assessed the risk of yield losses to U.S. crops due to a combination of dry and cold weather. Corn finished stronger and touched a nearly two-month high, with traders digesting news that China is to scrap its […] Read more
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