Chicago | Reuters — U.S. wheat futures surged nearly four per cent for the biggest gains in about a month on Tuesday after the U.S. Department of Agriculture slashed its estimate for production in top exporter Russia. Corn futures jumped over two per cent while soybeans notched more modest gains in the wake of the […] Read more
Tag Archives ending stocks — page 26
U.S. grains: Wheat surges after USDA cuts Russian output estimate
U.S. wheat stocks bigger than expected, trade watching weather
CNS Canada — A larger-than-expected wheat ending stocks forecast from the U.S. Department of Agriculture weighed on the country’s wheat futures Thursday, with attention now squarely on weather conditions. The government agency pegged wheat carryout for the upcoming 2018-19 marketing year at 955 million bushels, about 30 million above average trade guesses. Total wheat production […] Read more
U.S. grains: Wheat slips on bearish USDA crop forecast
Chicago | Reuters — Chicago Board of Trade wheat futures fell to a near two-week low on Thursday after the U.S. Department of Agriculture’s first official estimate of the 2018-19 U.S. wheat harvest came in above trade expectations. Soybean futures rose, while corn followed wheat lower. CBOT July wheat settled down four cents at $5.06-1/2 […] Read more
CBOT weekly outlook: Corn, soy react fittingly to USDA reports
CNS Canada — Traders had a lot to sort through with two big U.S. Department of Agriculture (USDA) reports released Thursday, but at a glance the markets reacted accordingly, according to one trader. USDA on Thursday released its world agricultural supply and demand estimates (WASDE) and crop production reports. “The market reaction, I think, was […] Read more
USDA sees U.S. corn, soy, wheat supplies falling in 2018-19
Washington | Reuters — U.S. soybean supplies are seen falling in the upcoming marketing year as domestic usage and exports are expected to remain strong even as production eases, the U.S. Agriculture Department said on Thursday. Domestic corn and wheat stocks are also expected to drop due to smaller harvests, according to the government’s monthly […] Read more
ICE weekly outlook: Canola backs away from lofty heights
CNS Canada — It was a busy week for canola contracts on ICE Futures Canada as the most-active July contract rocked and rolled between $530 and $540 per tonne before settling Wednesday at the $528 mark. The last time the dominant canola contract was above the $535 mark was in November last year. Commercial interest, […] Read more
U.S. grains: Wheat ends lower on plentiful world supplies
Chicago | Reuters — U.S. wheat futures fell roughly one per cent on Wednesday amid reminders of plentiful global supplies and some outlooks for rain in the Plains wheat belt late next week. Corn declined on technical selling and soybeans turned lower, a day after the spot May contract set a one-month top. Chicago Board […] Read more
U.S. grains: Soybeans climb on USDA data
Chicago | Reuters — U.S. soybean futures closed higher on Tuesday after the U.S. Department of Agriculture trimmed its forecast of U.S. 2017-18 soybean ending stocks in a monthly report, bucking trade expectations for an increase. Wheat closed modestly higher on technical buying and worries about poor weather in the U.S. Plains wheat belt, while […] Read more
U.S. grains: Corn at seven-month high on smaller stockpiles
Chicago | Reuters — U.S. corn futures jumped 1.6 per cent to a seven-month high on Thursday after the U.S. Department of Agriculture showed smaller-than-expected stockpiles in the wake of increased exports and demand for ethanol, traders said. Corn prices on a continuous chart notched their biggest daily gains since December, dragging wheat futures higher. […] Read more
U.S. grains: Wheat, soybeans firm
Chicago | Reuters — U.S. grain and soy futures edged higher on Monday, with some wheat contracts rising more than one per cent as weather forecasts showed little rain relief for dry wheat crops in the Plains or drought-affected grain belts in major exporter Argentina. Global benchmark Chicago Board of Trade May wheat was up […] Read more
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