Chicago | Reuters — Chicago wheat and soybean futures settled slightly lower on Wednesday as forecasts for cooler weather lifted expectations for better crop conditions after this week’s hot spell, though corn edged higher. Markets had been falling since Monday’s U.S. Department of Agriculture (USDA) weekly crop progress report, which showed conditions for soy and […] Read more
Tag Archives wheat futures — page 15
U.S. grains: Wheat, soybeans slightly lower after midday rise
U.S. grains: Corn pulls back from five-year high
Chicago | Reuters — Chicago Board of Trade grain futures settled down on Monday after corn touched a five-year high and soybeans reached a one-year peak, as forecasts for rain in U.S. crop-growing areas eased concerns about hot, dry weather. A recent warm, dry spell had fueled worries that corn could be damaged during crucial […] Read more
U.S. grains: Corn tops three-week high on heat wave
Chicago | Reuters — U.S. corn futures exceeded a three-week high on Friday and soybeans advanced as forecasts for a heat wave fuelled concerns about potential damage to crops growing in farmers’ fields. Traders focused on worries about hot, dry conditions after heavy rains and flooding caused unprecedented delays in corn planting this spring. The […] Read more
U.S. grains: Corn, soy higher after choppy day amid hot forecasts
Chicago | Reuters — Chicago corn and soybean futures settled higher on Monday after a seesaw trading session. Analysts blamed the choppy day on forecasts for hot and dry weather in the U.S. Midwest in the coming days. But forecasts showing heat building further in the next two weeks, with limited rainfall, were causing concern […] Read more
U.S. grains: Soybeans slide in post-holiday markets
Chicago | Reuters — U.S. soybean futures settled down almost two per cent on Friday, pressured by relatively ample U.S. stockpiles as traders shrugged off support from strong weekly export sales. Analysts attributed the weakness in futures to improved U.S. crop weather and uncertainty about demand for U.S. soybeans, given large carry-over supplies from the […] Read more
U.S. grains: Corn climbs on crop concerns
Chicago | Reuters — Chicago corn, soybean and wheat futures all settled higher on Wednesday on technical buying and as traders adjusted positions ahead of the U.S. Independence Day holiday. The September corn contract on the Chicago Board of Trade settled up 17-3/4 cents at $4.36-3/4 a bushel (all figures US$). The August contract for […] Read more
U.S. grains: Corn settles up as crop rated below expectations
Chicago | Reuters — Chicago corn futures closed higher for the first time in five sessions on Tuesday on technical buying and lower-than-expected condition ratings for developing U.S. crops, analysts said. Following widespread U.S. planting delays this spring, traders have shifted their attention to production prospects for crops that got seeded. Periodic light rains expected […] Read more
U.S. grains: Corn, soy ease on warmer weather
Chicago | Reuters — Chicago soybean, corn and wheat futures all settled down on Monday after early strength, as outlooks for improved U.S. weather boosted crop production prospects, analysts said. The August soybean contract on the Chicago Board of Trade settled down 14-3/4 cents at $8.89-3/4 a bushel and new-crop November settled down 14-1/2 cents […] Read more
CBOT weekly outlook: USDA’s acreage report could push up prices
MarketsFarm — At least one analyst predicts the U.S. Department of Agriculture’s next acreage report, due out Friday, could have a bullish effect at the Chicago Board of Trade. “If we come in near trade expectations for the (soybeans), it might be supportive,” said Terry Reilly, grains analyst with Futures International in Chicago. Trade expectations […] Read more
U.S. grains: Soy, corn down on improved weather
Chicago | Reuters — U.S. corn futures fell for the first time in three sessions and soybeans fell for a second straight day on Wednesday, with prices weighed down by forecasts of dry weather in parts of the U.S. Midwest that lifted hopes for improved crop conditions. “This short-term warm weather can lead to a […] Read more
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