Chicago | Reuters — U.S. spring wheat futures set a 5-1/2-month high on Friday, buoyed by expanding dryness in the northern Plains production belt, analysts said. Minneapolis Grain Exchange July spring wheat settled up five cents at $5.83-3/4 per bushel after reaching $5.90, the highest spot price since mid-January (all figures US$). The spot contract […] Read more
U.S. grains: Minneapolis wheat surges on northern Plains dryness
U.S. grains: Corn ends higher on lower-than-expected crop ratings
Chicago | Reuters –– U.S. corn futures rose about 1.4 per cent on Wednesday after the U.S. Department of Agriculture’s initial condition ratings for the crop fell below trade expectations. Nearby soybeans also closed firm while wheat turned lower toward the close, after spending most of the session higher. Chicago Board of Trade July corn […] Read more
U.S. grains: Soybeans near 14-month low as weather worries recede
Chicago | Reuters — U.S. soybean futures fell to their lowest level in nearly 14 months on Tuesday on better-than-expected weather conditions over a long holiday weekend and worries about export demand for new-crop supplies, analysts said. Corn and wheat futures declined about two per cent on improving U.S. weather outlooks. Chicago Board of Trade […] Read more
Early U.S. winter wheat harvest supports low-protein fears
Chicago | Reuters — The earliest reports from the start of the U.S. hard red winter wheat harvest underscored industry fears of a second straight year of low protein, a factor that shifts the market’s focus to prospects for the North American spring wheat crop, a higher-protein variety. “It’s probably a foregone conclusion at this […] Read more
U.S. grains: Wheat, corn firm on short covering
Chicago | Reuters — Chicago wheat futures closed higher on Wednesday on light short covering, one day after the spot contract fell about one per cent on better-than-expected U.S. wheat condition ratings. Corn futures firmed while soybeans ended flat after a choppy session. Chicago Board of Trade July wheat settled up three cents at $4.32-1/2 […] Read more
U.S. grains: Corn falls on reassuring crop progress data
Chicago | Reuters — U.S. corn futures fell 1.5 per cent on Tuesday, halting a two-session advance as weekly U.S. planting progress data eased concerns about rain-related delays in the Midwest, analysts said. Soybean and wheat futures also declined, with wheat pressured by better-than-expected weekly U.S. condition ratings. Chicago Board of Trade July corn settled […] Read more
U.S. grains: Corn hits one-week high on weather worries
Chicago | Reuters — U.S. corn futures rose nearly two per cent on Friday and notched a one-week high as worries about cool temperatures and excessive rains in the Midwest prompted traders to cover short positions ahead of the weekend, analysts said. Soybeans firmed following Thursday’s three per cent selloff as Brazil’s currency stabilized. Wheat […] Read more
U.S. grains: Soybeans fall as Brazilian currency dives
Chicago | Reuters — U.S. soybean futures fell more than three per cent on Thursday as a plunge in the value of Brazil’s currency encouraged Brazilian farmers to step up sales from their record-large harvest, analysts said. Corn and wheat followed soybeans lower. Chicago Board of Trade July soybean futures settled down 31 cents at […] Read more
U.S. grains: Wheat gains as dollar sags
Chicago | Reuters — U.S. wheat futures firmed on Wednesday, supported by a tumbling dollar and unwanted rains heading for the southern Plains growing area, analysts said. Corn followed wheat higher while soybeans ended modestly lower, retreating from early gains. Chicago Board of Trade July wheat settled up 2-3/4 cents at $4.27 per bushel, after […] Read more
U.S. grains: Wheat down on global supplies, seasonal pressure
Chicago | Reuters –– U.S. wheat futures fell more than two per cent on Monday on chart-based selling, abundant global supplies and seasonal pressure from the approach of harvest, analysts said. Corn futures followed wheat lower. Soybeans were firmer, but pared gains on a smaller-than-expected monthly U.S. soybean crush figure. Chicago Board of Trade July […] Read more
Canadian Cattlemen Presents: Depth of Field
