Chicago | Reuters — U.S. corn futures hit their highest level in two months and soybeans topped US$10 a bushel on Thursday on concerns about excessive rains in the U.S. Midwest curbing yield prospects, traders said. Wheat set a two-week high as the wet weather slowed the U.S. soft red wheat harvest, while dry weather […] Read more
U.S. grains: Corn, soy prices soar as storms drench U.S. Midwest
U.S. grains: Wheat falls on profit-taking after two-week high
Chicago | Reuters –– Chicago Board of Trade wheat futures fell on Wednesday after a seesaw session, pulled down by profit-taking from a two-week peak and as the hard red winter wheat harvest expanded in the U.S. southern Plains, traders said. Corn and soybeans also declined, reversing midsession gains as producers sold old-crop supplies. But […] Read more
U.S. grains: Wheat soars as rains threaten Midwest’s harvest
Chicago | Reuters — U.S. wheat futures jumped about four per cent on Tuesday on technical buying coupled with concerns about rains delaying the Midwest harvest, traders said. Corn set a five-week high on declining U.S. crop conditions while nearby soybeans fell on softening cash values and stepped-up farmer selling. At the Chicago Board of […] Read more
U.S. grains: Soybeans hit six-week high on weather jitters
Chicago | Reuters — U.S. soybean futures climbed to a six-week high on Monday on concerns about tightening old-crop supplies and excessive rains trimming new-crop yield prospects, traders said. Wheat and corn also rose. At the Chicago Board of Trade, the July soybean contract settled up 18 cents at $9.89-1/2 per bushel after reaching $9.90, […] Read more
U.S. grains: Wheat adds two per cent gain to weather-related rally
Reuters — Chicago wheat futures climbed two per cent on Monday, extending last week’s rally on worries over potentially lower crop yields in the U.S. Plains. Wheat’s gains helped pull corn and soybeans close to the multi-week highs they touched on Friday. Weather concerns encouraged investors to cover short positions, said Mark Schultz, chief analyst […] Read more
U.S. grains: Wheat retreats from one-month high
Chicago | Reuters — U.S. wheat prices fell on Friday in a technical setback from a one-month high and a seven per cent surge a day earlier, traders said. Corn and soybeans also eased as U.S. crop prospects remained bright amid generally favourable weather in the Midwest. At the Chicago Board of Trade, July wheat […] Read more
U.S. grains: Wheat surges as funds cover short positions
Chicago | Reuters — U.S. wheat futures surged seven per cent on Thursday as a softer dollar inspired funds to cover short positions, analysts said. Corn followed wheat higher, while soybeans closed flat after a private forecast for record-high U.S. soybean plantings. At the Chicago Board of Trade, July wheat settled up 32-3/4 cents at […] Read more
U.S. grains: Soy, wheat, corn post light gains in technical trade
Chicago | Reuters — U.S. soybean futures rose slightly on short-covering on Wednesday after falling nearly two per cent a day earlier when a U.S. Agriculture Department report projected domestic soy stocks would rise to a nine-year high. Wheat and corn futures also edged higher on largely technical buying with ample global grain supplies limiting […] Read more
U.S. grains: Soybeans slide as USDA forecasts ballooning stocks
Chicago | Reuters –– Chicago Board of Trade soybean futures fell nearly two per cent on Tuesday after the U.S. Department of Agriculture projected domestic stocks would rise to 500 million bushels by the end of the 2015-16 marketing year, a nine-year high if realized. Corn ended almost unchanged after sliding to its lowest level […] Read more
U.S. grains: Corn lower on bird flu outbreak, planting progress
Chicago | Reuters — U.S. corn futures fell more than one per cent on Tuesday on planting progress in the world’s top producer, coupled with concerns about bird flu slowing demand for poultry feed, traders said. Soybeans declined as the bird flu fears pressured futures for soymeal, which like corn is a major poultry feed […] Read more
Canadian Cattlemen Presents: Depth of Field
