Chicago | Reuters — U.S. wheat futures fell to a two-week low on Friday and corn hit a 2-1/2-week low on technical selling including fund long liquidation, analysts said. Soybeans closed modestly higher, bouncing after the spot March contract hit a six-week low. Chicago Board of Trade March wheat settled down 6-3/4 cents at $4.31-1/4 […] Read more
Tag Archives wheat futures
U.S. grains: Wheat, corn hit two-week lows on long liquidation
U.S. grains: Soybeans at six-week low on U.S. acreage view
Chicago | Reuters — U.S. soybean futures fell to a six-week low on Thursday on expectations for a big South American harvest and an expansion in U.S. plantings this spring, analysts said. Corn futures fell on chart-based selling and wheat followed the weak trend. The Chicago Board of Trade March soybean contract settled down 11-1/4 […] Read more
U.S. grains: Soy at three-week low on South America crops
Chicago | Reuters — U.S. soybean futures fell to a three-week low on Wednesday and posted a fourth straight daily decline on strong South American harvest prospects and a lack of supportive news, analysts said. Corn and wheat futures closed higher as traders awaited direction from a U.S. Department of Agriculture forum this week in […] Read more
U.S. grains: Soybeans hit three-week low
Chicago | Reuters — U.S. soybean futures closed lower on Tuesday for a third straight session, reversing from early strength to touch a three-week low on expectations for large South American soy harvests, analysts said. Wheat futures fell while corn firmed, supported by export demand and technical buying. Chicago Board of Trade March soybean futures […] Read more
U.S. grains: Wheat, corn post weekly declines after fund-fueled rally
Chicago | Reuters — U.S. wheat and corn futures fell on Friday for a second straight session as traders liquidated long positions ahead of a U.S. holiday weekend, and following a fund-driven rally seen as lacking fundamental drivers, analysts said. Soybeans also extended losses from Thursday, pressured by falling vegetable oil prices in Asia and […] Read more
U.S. grains: Corn, wheat retreat on profit-taking
Chicago | Reuters — U.S. wheat and corn futures declined on Thursday, retreating from early strength on profit-taking after each market set multi-month highs, analysts said. Soybeans also closed lower, reversing from early advances, after the spot March contract fell short of last week’s high. CBOT March corn settled down 5-1/4 cents at $3.73-1/2 per […] Read more
U.S. grains: Soy futures rally, corn hits 7-1/2 month peak
Chicago | Reuters — Chicago Board of Trade soybean, corn and wheat futures firmed on Wednesday, recovering from weakness in the overnight trading session on a round of technical buying, traders said. Corn futures staked out a fresh top, peaking at its highest since June 30 while wheat was trending near the 7-1/2 month high […] Read more
U.S. grains: Soy drops on South American harvest outlook
Chicago | Reuters — U.S. soybean futures fell to a six-day low on Tuesday, pressured by the rapidly advancing harvest of a record crop in Brazil and much-needed rains in Argentina. Corn and wheat futures also weakened, setting back from 7-1/2-month highs in the absence of bullish news. Declines in corn and wheat were limited […] Read more
U.S. grains: Wheat, corn futures hit 7-1/2-month highs
Chicago | Reuters — U.S. wheat futures rallied for the fifth day in a row on Monday, hitting a 7-1/2-month high as investment funds continue to add the grain to their portfolio despite ample global supplies. Corn futures also firmed on a technical bounce and signs of strong demand for U.S. supplies. But soybeans eased, […] Read more
U.S. grains: Wheat, corn rise to multi-month highs
Chicago | Reuters — U.S. wheat and corn futures extended gains to set multi-month highs on Friday on follow-through buying after the U.S. Department of Agriculture slashed domestic stockpile estimates in a monthly report on Thursday. Soybeans also were higher as investors defended their net long position despite expectations for a record-large harvest in top […] Read more
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