U.S. corn and soybean futures fell for a second straight session on Friday on forecasts for optimal crop weather in the Midwest along with softening cash values for corn, traders said. Wheat futures settled modestly lower, but finished the week up 2.5 per cent, their biggest weekly rise since early May. At the Chicago Board […] Read more
U.S. corn, soybeans fall on improving crop weather
U.S. grains down on macroeconomic worries, weather outlooks
U.S. grain prices fell on Thursday amid a broad-based commodity selloff and a firming dollar, a day after the U.S. Federal Reserve signaled it was ready to slow down the pace of bond purchases. The Fed news sent shock waves across all the financial markets. Wall Street stocks fell more than two per cent, U.S. […] Read more
U.S. wheat jumps on short-covering
U.S. wheat futures climbed nearly three per cent on Wednesday, their biggest daily rise since April, on buying and expectations of domestic demand for wheat as livestock feed, traders said. Corn and soybeans also advanced, led by new-crop contracts as forecasts for hotter, drier weather later this month in the U.S. Midwest raised concerns about […] Read more
U.S. corn ends higher, led by new-crop contracts
U.S. corn futures rose on Tuesday, led by deferred contracts on technical buying and forecasts for potentially stressful hot weather in late June, traders said. “The thought of any high-pressure ridge — the market is very sensitive to that right now, after what happened last year,” said Sterling Smith, futures specialist with Citigroup in Chicago, […] Read more
CME Group to launch three options contracts on KCBT wheat
CME Group will launch three wheat options contracts on its Kansas City Board of Trade hard red winter wheat futures beginning July 1, the exchange said on Tuesday. CME plans to offer two options on popular wheat spreads — KCBT hard red winter wheat versus Chicago Board of Trade (CBOT) soft red winter wheat, and […] Read more
U.S. soy crumbles as China cancels purchases
Chicago Board of Trade (CBOT) soybean futures fell on Wednesday following news that China, the world’s largest buyer of soybeans, had cancelled an order for U.S. soy. Corn was mixed, with old-crop falling on profit-taking. But new-crop December rose for the fifth day in a row, hitting a one-month high as wet weather hampered U.S. […] Read more
U.S. corn up with farmers busy planting, not selling
U.S. corn futures rose 1.8 per cent on Friday, reversing three days of declines on strong cash markets as farmers focused on planting their 2013 crop rather than selling in the cash market, traders and analysts said. Soybeans rose for a second session, with the benchmark July contract reaching a two-month high on tight U.S. […] Read more
U.S. corn falls as crop prospects improve
U.S. corn futures fell 1.4 per cent on Thursday on optimism over seeding progress and prospects for the new crop, while soybeans rose on tight U.S. supplies, traders said. Wheat fell on technical selling and seasonal pressure as the U.S. harvest neared, with the Chicago Board of Trade July contract hitting a six-week low. At […] Read more
U.S. wheat down on firm dollar, sluggish exports
Wheat futures on the Chicago Board of Trade fell 2.4 per cent to a two-week low on Wednesday in reaction to technical selling, a stronger U.S. dollar and lacklustre exports of U.S. grain, traders said. Soybeans fell on chart-based selling and monthly data showing a slower-than-expected U.S. soybean crushing pace. Corn was pulled down by […] Read more
Corn lower as U.S. planting weather improves
Chicago Board of Trade (CBOT) corn futures fell on Tuesday on profit-taking and expectations that U.S. farmers will make significant planting progress this week, traders said. “There is some optimism with planting progress,” said Ken Smithmier, analyst at the Hightower Report in Chicago. “We have a well-advertised storm system moving in by late this week. […] Read more
Canadian Cattlemen Presents: Depth of Field
