Chicago | Reuters — U.S. soybean and spring wheat futures pared losses on Monday but still closed lower as technical selling and outlooks for favourable crop weather continued to pressure prices following steep declines last week. Meanwhile, Chicago Board of Trade wheat and corn futures turned higher on a bargain-buying bounce. CBOT November soybean futures […] Read more
Tag Archives wheat futures — page 60
U.S. grains: Soy, spring wheat extend losses on technicals, weather
U.S. grains: Wheat falls; corn, soy firm
Chicago | Reuters — U.S. wheat futures fell on Friday, led lower by a sharp decline in MGEX spring wheat as investors liquidated bullish positions following the U.S. Department of Agriculture’s forecast for a bigger-than-expected crop in the northern Plains, traders said. The selloff pushed the benchmark Chicago Board of Trade soft red winter wheat […] Read more
U.S. grains: Corn, soybeans, wheat futures dive after USDA report
Chicago/Reuters – U.S. soybean and corn futures tumbled nearly 4 percent on Thursday after the U.S. Department of Agriculture’s yield and production forecasts for both crops came in above trade expectations. Wheat futures also fell on a larger-than-expected crop forecast for U.S. spring wheat despite drought in the northern Plains crop belt. As of 12:52 […] Read more
U.S. grains: Corn, wheat, soy firm ahead of USDA monthly reports
Chicago/Reuters – U.S. wheat, corn and soybean futures were modestly higher on Wednesday as traders awaited key supply/demand reports due from the U.S. Department of Agriculture on Thursday. The reports will include the USDA’s first assessments of the 2017 U.S. corn and soybean crops based on field surveys, and analysts expect the government to lower […] Read more
U.S. grains: Soybeans firm on U.S. weather worries; corn, wheat lower
Chicago/Reuters – U.S. soybean futures rose on Tuesday, buoyed by worries about dry weather in parts of the U.S. Midwest and reminders of strong export demand from China, traders said. Corn futures fell, losing ground to soybeans on intermarket spreads, while wheat sagged on technical buying and sluggish export prospects. As of 1:01 p.m. CDT […] Read more
Canadian wheat bids decline with U.S. futures, but basis improves
CNS Canada – Hard red spring wheat bids in Western Canada moved lower during the week ended August 3, as declines in the US futures weighed on prices. However, weakness in the Canadian dollar provided support and helped basis levels see some modest improvement. Depending on the location, average Canada Western Red Spring (CWRS) wheat […] Read more
U.S. grains: Soybean, wheat futures fall but corn firms
Chicago/Reuters – Chicago Board of Trade soybean futures fell on Friday, pressured by outlooks for rain and cool weather in key U.S. growing areas that will foster development of the crop during critical periods, traders said. Wheat also eased, with heavy competition for export business weighing on the markets. Corn firmed on bargain buying. All […] Read more
U.S. grains: Soybeans fall to 1-month low as weather boosts prospects
Chicago/Reuters – U.S. soybean futures dipped to a one-month low on Thursday as beneficial rains crossed the Midwest crop belt, bolstering yield prospects for the oilseed crop, traders said. Corn followed soybeans downward, but pared losses as analysts mulled private corn yield estimates that fell below the U.S. Department of Agriculture’s (USDA) forecasts. Wheat hit […] Read more
U.S. grains: Corn, soy firm on bargain-buying after one-month lows
Chicago/Reuters – U.S. corn and soybean futures firmed on Wednesday, rebounding from one-month lows set in both commodities a day earlier, but outlooks for improved weather for U.S. crops continued to keep prices in check. Chicago Board of Trade wheat futures fell, retreating from early advances on technical selling and easing global supply concerns. As […] Read more
U.S. grains: Soy slides as crop ratings, weather boost supply prospects
Chicago / Reuters – U.S. soybean futures fell more than 3 percent on Tuesday after an unexpected improvement in the condition of U.S. crops eased concerns that recent hot weather would hurt yields. Corn and wheat futures followed soybeans lower. As of 12:11 p.m. CDT (1711 GMT), Chicago Board of Trade November soybean futures were […] Read more
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