Chicago | Reuters — U.S. wheat futures fell to multi-year lows on Tuesday, pressured by strength in the dollar and better crop conditions than last year in the Plains, analysts said. Soybean and corn futures declined for a sixth straight session, with the most-active May contracts in both markets falling to multi-week lows. At the […] Read more
U.S. grains: Wheat to multiyear lows on strong dollar, crop ratings
U.S. grains: Corn sags for fifth straight session on lacklustre demand
Chicago | Reuters — Chicago Board of Trade corn futures fell on Monday for a fifth straight session, retreating from early advances as concerns about weak demand pressured the market, traders said. Soybean futures sagged on larger-than-expected deliveries against futures while wheat futures were mostly higher. At the CBOT, the most active May corn contract […] Read more
Prairie spring wheat bids drop as loonie rises
CNS Canada –– Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as the strengthening Canadian dollar cut into basis levels. Average Canada Western Red Spring (CWRS) wheat prices were down by about $5-$7 per tonne over the course of the week, according to price quotes from a cross-section of […] Read more
U.S. grains: Hefty supply pushes soy to 10-week low
Chicago | Reuters — U.S. soybean futures fell on Friday, with the nearby contract touching its lowest level in more than 10 weeks, under pressure from hefty global supplies, while soybean meal futures approached a six-year low. Expanding inventories and concerns about sluggish demand also pushed front-month corn futures to their lowest price in more […] Read more
U.S. grains: Futures fall as USDA forecasts more corn acres
Chicago | Reuters — U.S. corn and soybean prices fell on Thursday as commodity traders reacted to forecasts of increased corn plantings and grain production, as well as predictions of falling prices in the coming growing season. But wheat futures bounced back during the day’s trading, firming for the first time in six sessions on […] Read more
U.S. grains: Wheat lowest since June 2010 on bumper supplies
Chicago | Reuters — U.S. wheat futures sank to 5-1/2-year lows on Wednesday under pressure from large global supplies and sluggish demand, in the markets’ fifth consecutive session of declines. Corn and soybean futures each fell for a second day, pressured by the prospect of bumper crops in South America coming to market. Follow-through selling […] Read more
U.S. grains: Wheat drops to lowest since 2010
Chicago | Reuters — Chicago Board of Trade wheat futures sank 1.4 per cent on Tuesday to their lowest in nearly six years, weighed down by huge global supplies and spillover weakness from falling crude oil, traders said. The amply stocked supply chain also weighed on corn and soybean futures as the start of the […] Read more
Prairie spring wheat bids rise with U.S. futures
CNS Canada — Cash spring wheat bids across Western Canada moved higher during the week ended Friday, as U.S. futures moved up and basis levels held reasonably steady. Average Canada Western Red Spring (CWRS) wheat prices were up by about $2-$5 per tonne over the course of the week, according to price quotes from a […] Read more
U.S. grains: Strong exports support corn, soybeans
Chicago | Reuters — U.S. soybean futures rose to their highest in nearly three weeks on Monday, supported by technical buying and signs of stronger-than-expected export demand, traders said. Overseas interest for U.S. supplies also supported corn futures, which rose to their highest since Feb. 5, while wheat weakened due to a firm dollar and […] Read more
U.S. grains: Prices steady on short-covering, gain for week
Chicago | Reuters –– U.S. grain and soybeans were roughly flat on Friday, stabilizing amid a lack of fresh fundamental news following steep gains earlier this week tied mostly to investor short-covering, traders and analysts said. Corn and soybean futures each were unchanged to slightly lower at the Chicago Board of Trade after prices failed […] Read more
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