Chicago | Reuters — Chicago corn futures fell nearly six per cent on Monday, their biggest drop in more than three years, after the U.S. Department of Agriculture forecast a bigger-than-expected harvest. USDA forecast the 2019-20 corn crop at 13.901 billion bushels, above the 13.875 billion bushels expected in July. A Reuters poll of analysts […] Read more
U.S. grains: Corn plunges most in three years on crop estimate surprises
U.S. grains: Soy, corn close higher
Chicago | Reuters — U.S. soybean and corn futures settled up on Thursday, as traders squared their positions ahead of a U.S. government report next week expected to clarify how many acres were planted of the two crops. Dealers said a rebound in energy prices provided some support, although there remained ongoing concerns in the […] Read more
U.S. grains: Futures inch up after choppy trading day
Chicago | Reuters — U.S. corn and soybean futures rose on Wednesday as traders assessed U.S. Midwest rain forecasts after a recent dry spell, and awaited an expected revision in U.S. planting estimates following spring rains. Wheat recovered from Tuesday’s technical-driven losses, despite healthy Northern Hemisphere harvests and a steady dollar keeping a lid on […] Read more
U.S. grains: Chicago soybeans edge up but post weekly loss on trade concerns
Chicago | Reuters – Chicago soybean futures edged away from the prior session’s seven-week low in a technical rebound on Friday but posted a weekly loss as an escalation in a year-long trade dispute between the United States and China weighed on the market. Corn and wheat prices were also slightly higher, boosted by bargain […] Read more
U.S. grains: Soybeans end down as Trump announces new tariffs on China
Chicago | Reuters – U.S. soybean futures closed at their lowest levels in over a month on Thursday after U.S. President Donald Trump announced new tariffs on Chinese goods while a more favorable weather outlook also sent corn prices down. Trump said he would impose an additional 10 percent tariff on $300 billion worth of […] Read more
U.S. grains: Corn futures set two-month low as improved weather hits U.S. Midwest
Chicago | Reuters – Chicago corn futures had a dismal close on Wednesday and touched a two-month low as analysts said U.S. crop weather was not threatening, while wheat and soybean prices also eased. The Chicago Board of Trade’s (CBOT) most-active corn contract settled down 11 cents, or 2.7 percent, at $4.10 a bushel. The […] Read more
U.S. grains: Corn hits two-month low on improved U.S. crop condition
Chicago | Reuters – Chicago corn futures reached a two-month low on Tuesday after a weekly U.S. Department of Agriculture (USDA) report on Monday said the U.S. crop was in better condition than analysts expected. The Chicago Board of Trade’s (CBOT) most-active corn contract settled down 6 cents, or 1.5 percent, at $4.21 a bushel. Wheat settled […] Read more
U.S. grains: Wheat rises as dry weather curbs Russian output; corn firm
Chicago | Reuters – Chicago Board of Trade (CBOT) wheat futures settled just over 1 per cent higher on Monday, climbing for the third time in the last four sessions, underpinned by lower estimates for output in top exporter Russia. Soybeans and corn settled higher after closing down on Friday, as the focus turned to […] Read more
U.S. grains: Soybeans down after ‘disappointing’ U.S. export sales report
Chicago | Reuters – Chicago Board of Trade (CBOT) soybean and corn futures dipped on Thursday after the U.S. Department of Agriculture (USDA) released its weekly export sales report that disappointed analysts. China, which is in a trade war with the United States and needs fewer soybeans as swine fever ravishes its pig herd, cancelled […] Read more
U.S. grains: Corn futures inch up as grains face choppy trading day
Chicago | Reuters – Chicago Board of Trade (CBOT) grain futures see-sawed on Tuesday, as technical trading left wheat prices flat, soybeans down and corn still stubbornly range-bound. CBOT corn futures ended the day on a positive note, but hopes of a significant price rally were quashed by conflicting cues that have left traders uneasy […] Read more
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