U.S. grains: Wheat rallies as investors cover shorts

Chicago | Reuters — U.S. wheat futures jumped 5.5 per cent on Tuesday, rebounding from contract lows on a round of technical buying and bargain hunting in an oversold market, traders said. Corn and soybeans also were higher after recent declines, but their gains paled in comparison with wheat as traders unwound bearish positions despite […] Read more

USDA’s latest WASDE lacks ‘market-turning’ news

MarketsFarm — There was nothing in the U.S. Department of Agriculture’s latest world supply and demand estimates (WASDE) report that could have created major moves on commodities markets, according to an analyst. The report, issued Friday, “didn’t give us any kind of a market-turning type news,” said Steve Georgy, president of Allendale Inc. in McHenry, […] Read more

European wheat is in good shape so far this year compared to 2018.

Wheat prices dropping as world supplies hit backlog

U.S. soy acres are down, but low prices aren’t driving a deep decline

Ontario corn and soybean prices are relatively unchanged from two weeks ago. However, winter wheat prices are down about 30 cents per bushel for old crop positions and 25 cents per bushel for new crop. Adverse logistical issues in the United States Gulf region have resulted in stronger wheat basis levels. While the wheat futures […] Read more

U.S. grains: Corn hits contract lows

Chicago | Reuters — U.S. corn futures fell to contract lows on Friday after the U.S. Department of Agriculture raised its forecast of U.S. corn ending stocks above a range of trade expectations, reflecting a drop in the government’s corn export forecast. U.S. soybean futures also declined and wheat recorded a fifth straight weekly decline, […] Read more