Chicago | Reuters — U.S. soybeans fell for a second straight session on Friday, dropping further below an eight-month high touched earlier in the week, as Chinese importers’ defaults on purchases of the oilseed weighed on prices. Corn and wheat ended lower after a choppy session, pressured by slowly improving corn-planting weather in the Midwest […] Read more
U.S. grains: Soybeans extend drop on China defaults; corn, wheat sag
U.S. grains: Wheat sags as rains target Plains; soy hit by defaults
Chicago | Reuters — U.S. wheat futures fell one per cent on Thursday on wetter forecasts for parts of the drought-hit southern Plains wheat belt as well as disappointing weekly export sales data, traders said. Soybeans sagged as Chinese defaults on purchases of U.S. and Brazilian soybeans triggered a fresh round of profit-taking, one day […] Read more
U.S. grains: Wheat tumbles after USDA hikes world stocks forecast
Chicago | Reuters — U.S. wheat futures fell 1.8 per cent on Wednesday after the U.S. Department of Agriculture raised its forecast for global 2013-14 wheat ending stocks above trade expectations, traders said. Corn followed wheat lower, but soybeans advanced with front-month May setting a life-of-contract high above $15 a bushel after the USDA’s monthly […] Read more
U.S. grains: Corn, soy rise on positioning ahead of monthly data
Chicago | Reuters — U.S. corn and soybean futures rose on Tuesday as traders squared positions a day ahead of a monthly U.S. Department of Agriculture report in which the government is expected to pare its stocks forecasts for both crops, traders said. Wheat followed corn and soy higher, bolstered by updated midday forecasts that […] Read more
U.S. grains: Soybeans to six-month high ahead of USDA report
Chicago | Reuters — Chicago Board of Trade spot soybean futures climbed to a six-month high on Friday as traders adjusted positions ahead of a monthly U.S. government report that is expected to show tighter U.S. soy stockpiles and smaller South American crops. Wheat futures hit a three-month top on follow-through technical buying after strong […] Read more
U.S. grains: Corn at six-month high on strong exports
Chicago | Reuters — Chicago Board of Trade corn prices rose to a six-month high on Thursday as stronger-than-expected weekly U.S. export sales data underscored renewed demand for the grain, traders said. Soybeans rose more than one per cent on continued export demand for tightening U.S. supplies and ahead of a monthly U.S. government crop […] Read more
U.S. grains: Corn falls as rally triggers farmer selling
Chicago | Reuters — U.S. corn futures closed lower on Wednesday after a choppy session as the market’s rally to the highest levels in nearly six months triggered profit-taking and farmer selling, traders said. Wheat slipped from a near three-month high, but worries about political turmoil in Ukraine, a major grain exporter, as well as […] Read more
U.S. soy planting below expectations; total crop acres slip
Washington | Reuters — U.S. farmers will increase soybean planting by less than expected this spring, and overall acreage of eight major crops is set to decline, the U.S. Department of Agriculture said Thursday in its first formal outlook for U.S. crops. At its annual Agricultural Outlook conference, the USDA said plantings of the eight […] Read more
U.S. grains: Wheat falls on profit-taking; corn, soy firm
Chicago | Reuters — Chicago Board of Trade wheat futures fell on profit-taking on Friday, the day after they hit a 3-1/2 week high on concern about the condition of the U.S. winter crop, traders said. Soybeans rose as traders positioned for a monthly U.S. government crop report due Monday that could indicate tighter U.S. […] Read more
U.S. grains: Oats hit record high, soy climbs on exports, corn flat
Chicago | Reuters — Chicago Board of Trade soybean futures rose for a sixth straight session on Thursday, setting a six-week high on strong export demand for U.S. soybeans and soymeal, traders said. Thinly-traded CBOT oats surged, with the March contract soaring its daily 20-cent limit to $4.63-1/4 per bushel, the highest-ever spot oats price […] Read more