(Photo courtesy Canada Beef Inc.)

U.S. grains: Wheat futures soar on short-covering

Chicago | Reuters — U.S. wheat futures jumped about five per cent on Thursday as a flurry of export deals prompted funds to cover short positions, analysts said. Corn futures rose on short-covering and firm cash markets despite the ongoing U.S. harvest, while soybeans followed the higher trend. At the Chicago Board of Trade, December […] Read more



(Lisa Guenther photo)

CBOT weekly outlook: Corn, soy likely rangebound

CNS Canada — Soybeans and corn at the Chicago Board of Trade are likely to be rangebound following a report from the U.S. Department of Agriculture (USDA) on Wednesday. USDA on Wednesday released its monthly world agricultural supply and demand estimates (WASDE), to which traders were looking for direction. “Soybeans, corn — there’s probably a […] Read more









(Photo courtesy Canada Beef Inc.)

U.S. grains: Wheat jumps on short-covering

Chicago | Reuters — U.S. wheat futures rose more than two per cent on Wednesday as signs of fresh export demand triggered a short-covering rally in a market where commodity funds hold a large net short position, traders said. Corn futures ended lower after a choppy session while soybeans fell, pressured by the expanding harvest […] Read more

(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soybean rally snuffed out as harvest advances

Reuters — Chicago soybean prices fell on Tuesday, snuffing out a three-session rally as an accelerating U.S. harvest shifted attention back toward the prospect of record production. Corn edged higher, supported by short-covering in spread trades against soybeans, while wheat finished flat, held in check by technical selling and ample U.S. supplies. Chicago Board of […] Read more