Chicago | Reuters — U.S. wheat futures slumped for a second session on Friday, anchored by ample global supplies and after top importer Egypt canceled a tender for the second time this week. Corn and soybeans also fell at the Chicago Board of Trade, with all three markets posting a weekly decline ahead of a […] Read more
U.S. grains: Wheat falls to three-week low
U.S. grains: Wheat falls on poor export data
Chicago | Reuters –– Wheat futures on the Chicago Board of Trade fell 1.5 per cent on Thursday on disappointing U.S. export sales data, traders said. Corn and soybeans also fell, retreating from six-week highs set this week, on improving crop prospects in South America. At the CBOT, March wheat settled down 7-1/4 cents at […] Read more
U.S. grains: Soy, corn ease from six-week highs
Chicago | Reuters — U.S soybeans and corn futures fell on Wednesday, pressured by profit-taking after recent six-week highs and outlooks for needed rains in South America. Wheat settled narrowly higher at the Chicago Board of Trade after a more than one per cent drop in the dollar against a basket of currencies made U.S. […] Read more
U.S. grains: Fund short-covering lifts grain/soy complex
Chicago | Reuters — U.S. soybean and corn futures climbed to six-week highs on Tuesday on fund-driven buying as the grain complex shrugged off weakness in global equity markets and crude oil, traders said. But wheat futures settled flat as all three commodities pared gains by the close. At the Chicago Board of Trade, the […] Read more
U.S. grains: Wheat sags on ample global supplies
Chicago | Reuters –– U.S. wheat futures closed lower on Monday amid plentiful global inventories and poor export demand for U.S. supplies, traders said. Corn and soybeans also fell as macroeconomic worries hung over the market and on some forecasts for much-needed rains in Argentina next week. At the Chicago Board of Trade, March wheat […] Read more
Firm loonie cuts into Prairie spring wheat bids
CNS Canada — Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as continued strength in the Canadian dollar more than countered any support from advances in U.S. futures. Average Canada Western Red Spring (CWRS) wheat prices were down by $3 to $5 per tonne over the week, according to […] Read more
U.S. grains: Soybeans, corn close strong on bargain buying
Chicago | Reuters — U.S. soybean futures ended strong on Friday, rallying on month-end buying a day after cancellations of U.S. soybean sales to China sent the market to a three-week low, traders said. Corn and wheat also settled higher. CBOT March soybeans finished up 14-1/2 cents at $8.82-1/4 a bushel, rebounding after dipping to […] Read more
U.S. grains: Soybeans fall amid global export setbacks
Chicago | Reuters — U.S. soybean futures tumbled on Thursday, with the most-active March contract down 1.6 per cent, the largest drop for soybeans in more than a month, after exporters canceled U.S. soybean sales to China. Chicago Board of Trade March wheat ended 4-1/4 cents lower at $4.72-1/4 per bushel, after hitting a one-month […] Read more
U.S. grains: Wheat snaps rally, soy firm, corn flat
Chicago | Reuters –– U.S. wheat futures fell on Wednesday on fund-driven technical selling and a proposal by Russia’s farm ministry to cut a wheat export tax, which tempered speculation about export restrictions. Corn coasted for the second straight day, while soybean futures rose on dry weather concerns in South America and southern Africa. At […] Read more
U.S. grains: Wheat rises to one-month high on technicals
Chicago | Reuters –– Chicago Board of Trade wheat prices climbed to a one-month high Tuesday on chart-based buying and fund short-covering as the market digested news that Russia might limit grain exports, traders said. U.S. soybean futures retreated and corn closed lower after a volatile session. At the CBOT, March wheat settled up 3-1/4 […] Read more
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