Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

U.S. grains: Wheat sags to 3-1/2-year low

Corn, soy firm ahead of USDA data

Chicago Board of Trade (CBOT) wheat futures ended mostly lower on Thursday with the benchmark contract Wv1 tumbling to a fresh 3-1/2-year low late in the session after China cancelled a purchase of U.S. wheat and Egypt scrapped an international purchase tender, traders said.



Ed Usset, grain marketing economist with the University of Minnesota, tells growers attending the 2024 Commodity Classic conference to stick with a strategy of pricing grain pre- and post-harvest because it delivers far better results than marketing it at harvest time.

Corn and soybean prices may be ready to rally

An analyst points to 'strong evidence' for higher old crop prices; booming renewable diesel industry seen as a positive

 Old crop corn and soybean prices in the United States will likely rally this spring, according to an agricultural economist. That would also be good for Canadian grain and oilseed […] Read more