Chicago | Reuters — Chicago Board of Trade soybean futures fell to a two-month low on Friday as the ongoing harvest of a projected record-large Brazilian soy crop threatened U.S. export prospects, traders said. Corn and wheat followed the weak trend, despite a setback in the U.S. dollar. CBOT May soybean futures settled down 4-1/2 […] Read more
Tag Archives wheat futures
U.S. grains: Soybeans extend slide on Brazil crop outlook
U.S. grains: Soybeans hit two-month low on huge Brazil crop
Chicago | Reuters — U.S. soybean futures hit a two-month low on Thursday, pressured by rising government forecasts for a record-large Brazilian soy harvest, traders said. Corn futures also declined on forecasts for big South American crops, and wheat followed the weak trend. The Chicago Board of Trade May soybean futures contract settled down 10-3/4 […] Read more
U.S. grains: Wheat, corn, soybeans fall on plentiful supplies
Chicago | Reuters — U.S. corn, soybean and wheat futures fell on Wednesday, with plentiful global stocks and expectations of a robust harvest casting a bearish tone over the market, traders said. Wheat posted the biggest losses, falling below key technical support points as forecasts for rain in the U.S. Plains drove prices down two […] Read more
U.S. grains: Soy, corn fall on Brazil crop expectations
Chicago | Reuters — U.S. soybean futures dropped 1.1 per cent on Tuesday to their lowest in more than a week on rising expectations for a Brazil harvest already forecast to be a record, traders said. Outlooks for a bountiful South American harvest also weighed on corn futures, while wheat eased on profit-taking after rallying […] Read more
U.S. grains: Wheat rises on weather concerns
Chicago | Reuters — Chicago Board of Trade wheat futures rose 1.2 percent on Monday and hit their highest level since mid-February on concerns about dry conditions hampering crop development in the U.S. Plains, traders said. Falling production in Australia and strong export data also lent strength to the wheat market, which closed in positive […] Read more
U.S. grains: Corn, soy, wheat recover from early dips
Chicago | Reuters –– U.S. corn, soybean and wheat futures all closed modestly higher on Friday, recovering from early weakness on a mild round of technical buying. All three commodities posted weekly gains but an ample supply base and rising export competition kept a bearish tone over the marketplace and checked Friday’s strength. Additionally, investors […] Read more
U.S. grains: Soybeans sag on profit-taking, Brazilian crop
Chicago | Reuters — U.S. soybean futures fell on Thursday, pressured by the ongoing harvest of a projected record-large crop in Brazil and profit-taking after a two-session climb attributed to fund buying, traders said. Corn futures and wheat futures closed lower, tracking broad declines in commodities. The 19-market Thomson Reuters CoreCommodity CRB Index fell nearly […] Read more
U.S. grains: Wheat ends up three per cent
Chicago | Reuters — U.S. wheat futures climbed about three per cent on Wednesday on a mix of technical buying and enthusiasm over a larger-than-expected wheat purchase by top global importer Egypt a day earlier, traders said. Corn and soybeans also rose, supported by fund investment at the start of a new month and carry-over […] Read more
U.S. grains: Corn, soyoil climb on biofuels news
Chicago | Reuters –– U.S. corn futures rose on Tuesday and soyoil futures climbed about four per cent on prospects for changes to the U.S. renewable fuels policy that could boost demand for corn-based ethanol and soy biodiesel, traders said. Both markets pared gains following a White House statement that no executive order was in […] Read more
U.S. grains: Wheat, corn, soy fall after firming overnight
Chicago | Reuters — U.S. wheat futures fell two per cent to their lowest in nearly three weeks on Monday, weakening on technical sales after firming briefly during the overnight trading session. Corn and soybean futures also dropped to multi-week lows, with traders noting some end-month liquidation by investment funds. Both wheat and corn futures […] Read more
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