Chicago | Reuters — Chicago Board of Trade wheat futures fell more than one per cent on Thursday, easing from a two-session rally as traders returned their focus to record-large global inventories and poor export demand for U.S. supplies, traders said. Corn and soybean futures also declined. At the CBOT, March wheat settled down 6-1/4 […] Read more
U.S. grains: Wheat down on ample supplies
U.S. grains: Prices jump on short-covering, oil rise
Chicago | Reuters –– Chicago Board of Trade corn futures gained for the second straight day on Wednesday, as the grain market enjoyed a price bump from investors continuing to cover short positions and as crude oil prices rose. Front-month CBOT March corn cracked through several moving averages during the day — including the 50-day […] Read more
U.S. grains: Prices rise on short-covering, slow loadings in Brazil
Chicago | Reuters –– U.S. soybean futures climbed to a 1-1/2-week high on Tuesday while wheat and corn each gained about one per cent, boosted by investor short-covering and a backlog of export loadings at Brazilian ports. Prices rose as trade resumed following a three-day weekend due to Monday’s U.S. Presidents Day holiday. They were […] Read more
Prairie wheat bids drift down with U.S. futures
CNS Canada — Cash spring wheat bids across Western Canada edged lower in most locations during the week ended Friday, as losses in the U.S. futures weighed on values. However, basis levels saw some slight improvement in many locations, as Canadian wheat has continued to see more stable export demand compared to U.S.-origin supplies. Average […] Read more
U.S. wheat futures could be scraping bottom
CNS Canada — A general downtrend in U.S. wheat futures remains in place, with all three markets hitting fresh contract lows over the past week. However, there may not be much more room to the downside, according to an analyst. “The (U.S. Department of Agriculture) reports on Tuesday (Feb. 9) were not beneficial for the […] Read more
U.S. grains: Exports spark gains in soybeans
Chicago | Reuters –– U.S. soybean futures rose 1.3 per cent on Thursday as the U.S. Agriculture Department’s report of stronger-than-expected exports spurred a round of short-covering, traders said. Corn futures were steady to weak, with the front-month contract settling unchanged while deferred contracts posted modest declines. Corn had fallen for six days in a […] Read more
U.S. grains: Wheat rises on bargain buying
Chicago | Reuters — Chicago Board of Trade wheat futures firmed Wednesday, edging higher on a round of bargain buying and short-covering a day after prices hit their lowest in nearly six years, traders said. Corn and soybean futures were close to unchanged for most of the day but closed in negative territory. A bearish […] Read more
U.S. grains: Wheat drops to lowest since 2010 on record supply estimate
Chicago | Reuters –– U.S. wheat futures dropped to their lowest level since 2010 after the U.S. government on Thursday said year-end global supplies would be the biggest in history. Prices crumbled as the U.S. Department of Agriculture’s forecasts for record-large world wheat production and ending stocks fuelled fears about excessive inventories. Concerns about large […] Read more
Prairie spring wheat bids slide lower
CNS Canada –– Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as the firmer Canadian dollar and losses in U.S. wheat futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by $4-$6 per tonne over the week, according to price quotes from a cross-section […] Read more
U.S. grains: Soybeans set new 2016 low as rains hit dry Argentina
Chicago | Reuters — U.S. soybean futures slid to seven-week lows on Monday after weekend rains across major exporter Argentina reduced the likelihood that dry weather would curb yields. Wheat futures dropped to a one-month low and corn dropped to its lowest level in three weeks as losses in other markets, including equities and energy, […] Read more
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