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Tag Archives Wheat

Crops, Markets, Reuters

U.S. grains: Soy extends climb, wheat jumps

Dry weather elsewhere supports wheat futures

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Chicago | Reuters — Chicago soybean futures extended their bull run on Friday, reaching a two-year top as top global buyer China continued with daily purchases of U.S. soybeans. Wheat futures surged more than three per cent on fears of tightening supplies from key exporters, and corn futures rose for a third straight session. Chicago […] Read more
Crops, Markets, Reuters

U.S. grains: Soybeans touch two-year top on China buying spree

Wheat up on technical buying, cash prices

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Chicago | Reuters — U.S. soybean futures extended their rally on Thursday, rising 1.7 per cent to set a two-year high as brisk demand from China continued to support the oilseed market. Corn rose as the strength in soybeans overshadowed pressure from a smaller-than-expected Chinese corn import quota. Wheat futures jumped on technical buying and […] Read more
Crops, Markets, Reuters

U.S. grains: Soy jumps on China demand, fund-driven buying

CBOT wheat, corn follow soybeans higher

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Chicago | Reuters — U.S. soybean futures surged to two-year highs on Wednesday on continued export demand from top global soy buyer China and fund-driven buying, analysts said. Corn and wheat futures followed soybeans higher, with additional support from a more than four per cent jump in U.S. crude oil prices. Corn and soyoil sometimes […] Read more
Crops, Markets, Reuters, Weather

U.S. grains: Soy down on profit-taking after climb above US$10

CBOT corn, wheat also down

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Chicago | Reuters — U.S. soybean futures fell on Tuesday, retreating from two-year highs above US$10 a bushel as traders booked profits and forecasts called for favourable weather for the start of the U.S. Midwest harvest, analysts said. Corn futures backed down from six-month highs set a day earlier, and wheat also declined. Chicago Board […] Read more
Crops, Markets

Statistics Canada trims wheat production estimate

Lentil crop estimate up from August

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MarketsFarm — Canadian farmers grew less wheat in 2020-21 than earlier thought, according to updated production estimates Statistics Canada released Monday. However, the country’s wheat crop would still be the second-largest on record and well above the five-year average. Using yield models based on satellite imagery, total wheat production in the country for 2020-21 is […] Read more
Crops, Markets, Reuters

U.S. grains: Soybeans top $10 a bushel on Chinese demand, smaller crop

Chicago corn, wheat also up

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Chicago | Reuters — U.S. soybean futures advanced on Monday, with the most-active contract rising above US$10 a bushel for the first time in two years on strong export demand from China, before paring gains on profit-taking, analysts said. Corn futures ended modestly higher after reaching a six-month top and wheat also rose. Chicago Board […] Read more
Crops, Markets, Reuters

U.S. grains: Soy rallies on expectations for higher exports

U.S. yield estimates may decline more, analysts say

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Chicago | Reuters — Chicago Board of Trade soybean futures on Friday rallied to their highest since June 2018 as traders projected an increase in the U.S. Department of Agriculture forecast for exports with a further cut in domestic production. Corn futures reached a six-month high, while wheat futures fell to a two-week low. USDA, […] Read more
Crops, Markets

CBOT weekly outlook: Export demand underpins commodities

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MarketsFarm — Commodity prices on the Chicago Board of Trade (CBOT) have found support from recent increases in global export demand. China has purchased nearly 900,000 tonnes of soybeans for delivery during the current marketing year, which began on Sept. 1. “It’s all about Chinese demand,” said Terry Reilly of Futures International in Chicago. “They […] Read more

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