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Tag Archives Spring Wheat — page 7

CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)
Crops, Markets

U.S. grains: Corn futures retreat on profit-taking

Corn still up 12 per cent on week; traders adjust positions before July 4 weekend

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Chicago | Reuters — Chicago Board of Trade corn futures retreated on profit-taking on Friday, while soybean futures extended gains fueled by lower-than-expected U.S. acreage estimates and dry weather in part of the Midwest, traders said. Corn pulled back after surging by the daily, exchange-imposed limit on Wednesday when the U.S. Department of Agriculture shocked […] Read more
CBOT December 2021 corn (candlesticks) with MGEX, CBOT and K.C. December 2021 wheats (dark green, yellow and orange lines). (Barchart)
Crops, Markets

U.S. grains: Corn, soy surge as U.S. farmers plant fewer acres than expected

Traders had expected more U.S. corn, soy acres

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Chicago | Reuters — Chicago Board of Trade grain and soybean futures surged on Wednesday after the U.S. Department of Agriculture surprised traders with lower-than-expected plantings estimates and inventory data. Corn climbed by their daily exchange-imposed limit after USDA pegged plantings of the crop at 92.692 million acres, below analysts’ expectations for 93.787 million. The […] Read more
CBOT December 2021 corn (candlesticks) with 20-day moving average (yellow line) and MGEX, CBOT and K.C. September 2021 wheats (black, green and orange lines). (Barchart)
Crops, Markets

U.S. grains: Court ruling, rains pressure corn, soy

CBOT wheat down, MGEX spring wheat up

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Chicago | Reuters — Corn and soybean futures tumbled on Friday after a U.S. Supreme Court ruling bolstered a bid by small oil refineries seeking exemptions from laws requiring them to blend ethanol or other biofuels into their products, traders said. “Each time the markets start to stabilize, having priced in the latest round of […] Read more
CBOT December 2021 corn (candlesticks) with MGEX, CBOT and K.C. September 2021 wheats (green, yellow and orange lines). (Barchart)
Crops, Markets

U.S. grains: Corn, soy fall as Midwest rains seen boosting crop health

CBOT September wheat down, MGEX September wheat up

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Chicago | Reuters — Forecasts for rain in the U.S. Midwest pushed corn and soybean futures lower on Tuesday, traders said. New-crop December corn, which tracks the crop that farmers will harvest in the fall, notched the biggest decline. The contract sagged 3.2 per cent as the storms are expected to provide a much-needed boost […] Read more
CBOT July 2021 soybeans (candlesticks) with 20-day moving average (dark green line) and ICE July 2021 canola (yellow line). (Barchart)
Crops, Markets

U.S. grains: Midwest forecast supports gains in soy, corn

CBOT wheat up, MGEX wheat down

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Chicago | Reuters — U.S. corn and soybean futures rose on Tuesday after a government report showed that the condition of crops was worse than expected as a heat wave hit the U.S. Midwest. “Yesterday’s Crop Progress report provided plenty of fodder for the bulls,” Matt Zeller, director of market information at StoneX, said in […] Read more
CBOT July 2021 corn (candlesticks) with CBOT July 2021 wheat (yellow line) and MGEX July 2021 spring wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Corn, soybeans mixed as traders eye weather

MGEX wheat down off highs on Prairie rains

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Chicago | Reuters — U.S. corn and soybean futures ended mixed on Monday, with old-crop contracts easing on some profit taking while new-crop contracts rose on concerns that hot and dry conditions in key growing areas of the U.S. Midwest could threaten crops as they pass through key stages of development, traders said. “Forecasters expect […] Read more
CBOT July 2021 corn (candlesticks) with CBOT July 2021 wheat, K.C. July 2021 wheat and MGEX July 2021 spring wheat (yellow, orange and green lines respectively). (Barchart)
Crops, Markets

U.S. grains: Corn futures drop on crop ratings

Soy rises, wheat mixed

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Chicago | Reuters — Chicago Board of Trade corn futures dropped 2.8 per cent on Wednesday, pressured by a government report that showed the condition of the U.S. crop was better than expected, traders said. Wheat futures were mixed, with contracts that track U.S. winter wheat falling while spring wheat rallied to a four-year high […] Read more
CBOT July 2021 corn (candlesticks) with MGEX July 2021 spring wheat (orange open/high/low/close) and CBOT July 2021 wheat (green OHLC). (Barchart)
Crops, Markets

U.S. grains: Corn eases after volatile week

Wheat, soybeans also ease after tracking corn rally

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Chicago | Reuters — Chicago corn eased on Friday, after a strong rebound a day earlier as the market weighed up strong Chinese demand against U.S. growing conditions. Wheat and soybeans also edged lower, though spring wheat futures on the Minneapolis Grain Exchange (MGEX) climbed as a cold front hitting much of the U.S. Midwest […] Read more

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