Chicago | Reuters — U.S. soybean and corn futures closed lower Thursday on improving South American crop prospects and jitters about U.S. trade relationships, analysts said. Wheat futures rose on better-than-expected weekly U.S. export sales. Chicago Board of Trade soybeans for March delivery settled down 5-3/4 cents at $10.49-1/2 per bushel and March corn ended […] Read more
Tag Archives wheat futures
U.S. grains: Soy, corn fall on crop prospects, trade fears
U.S. grains: Soybeans fall on Argentina weather
Reuters — U.S. soybean futures fell to a 1-1/2-week low on Wednesday on an improved South American crop weather outlook while corn edged higher on export demand, traders said. Wheat sagged on ample old-crop supplies and a lack of supportive news. Chicago Board of Trade March soybean futures settled down 3-1/4 cents at $10.55-1/4 per […] Read more
U.S. grains: Corn down on profit-taking, trade worries
Chicago | Reuters — U.S. corn futures fell nearly two per cent on Tuesday on profit-taking after hitting multi-month highs and uncertainty about how U.S. trade policy will affect grain exports, analysts said. Wheat followed corn lower but soybeans turned higher in the final minutes of trade. Chicago Board of Trade March corn settled down […] Read more
U.S. grains: Soybeans fall as Argentina crop worries ease
Chicago | Reuters –– U.S. soybean futures fell on Monday for a third straight session on profit-taking after last week’s six-month highs and improving weather outlook for Argentina, analysts said. Wheat closed higher on technical buying including short-covering, while corn ended nearly unchanged as the market consolidated after hitting a multi-month top on Friday. Chicago […] Read more
U.S. grains: Corn up on strong exports, ethanol demand
Chicago | Reuters — U.S. corn futures touched a six-month high on Friday, buoyed by robust demand from exporters and ethanol producers, analysts said. Wheat followed corn higher in largely technical trade while soybeans eased on profit-taking. But all three markets posted weekly gains. Chicago Board of Trade March corn settled up 3-1/2 cents at […] Read more
U.S. grains: Wheat down on profit-taking, export fears
Chicago | Reuters — U.S. wheat futures fell nearly two per cent on Thursday on profit-taking and expectations of slowing export demand in the wake of this week’s rally to multi-month highs, analysts said. Soybean futures also declined as the market consolidated after a run-up to a six-month peak. But corn firmed on technical buying […] Read more
U.S. grains: Soy up for fourth session on Argentina crop concerns
Chicago | Reuters –– U.S. soybean futures rose on Wednesday for a fourth straight session, notching a six-month high on worries that recent heavy rains could damage crops in Argentina. Wheat and corn closed lower on a round of profit-taking after multi-month highs. Chicago Board of Trade March soybeans settled up 5-3/4 cents at $10.75 […] Read more
U.S. grains: Soybeans set six-month top
Chicago | Reuters — U.S. soybean futures rose about two per cent on Tuesday, touching a six-month high on worries about excessive rains in Argentina crimping production prospects, analysts said. Corn and wheat followed the firm trend, drawing additional support from a setback in the dollar. Chicago Board of Trade March soybeans settled up 23 […] Read more
U.S. grains: Soybeans extend rally
Chicago | Reuters — U.S. soybean futures rose on Friday on follow-through buying on the U.S. Agriculture Department’s surprise cut to its domestic production estimate and ending stocks on Thursday, traders said. Soymeal led soybeans higher on concerns that forecasts for more rain in Argentina could limit the size of the soybean crop in the […] Read more
U.S. grains: Soy up as USDA lowers crop, stocks estimates
Chicago | Reuters — U.S. soybean futures hit a 3-1/2-week high on Thursday after the U.S. Department of Agriculture cut its estimate of the 2016 soy harvest and lowered its forecast of domestic inventories, analysts said. Wheat futures advanced after the USDA said farmers planted the fewest U.S. acres to winter wheat since 1909. Corn […] Read more
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