Chicago/Reuters – Kansas wheat farmer Michael Jordan is breaking with a century-old tradition grain producers have trusted to protect their businesses: He has stopped using futures to hedge risks to his crops. The CME Group’s Kansas City wheat contract sets grain prices for millers, exporters and other grain buyers both today and in the future. […] Read more
Tag Archives wheat futures
U.S. wheat farmers fret over failing market hedges as incomes slump
U.S. grains: Soybeans, grains slip to big weekly losses
Winnipeg/Reuters – Soybeans, corn and wheat prices slipped on Friday in a shortened trading session before the Christmas holiday and registered big weekly losses, weighed down by hefty global supplies. Chicago wheat futures fell to contract lows, also pressured by warming U.S. temperatures that eased crop damage concerns, while soybeans hit a more than one-month […] Read more
U.S. grains: Soybeans hit new one-month low as rains head for Argentina
Chicago/Reuters – U.S. soybean futures fell to a new one-month low below $10 a bushel on Thursday as forecasts for rain in Argentina dampened concerns about dryness hurting production there. Losses also hit other agricultural markets with corn and wheat futures approaching three-week lows and soybean oil setting a four-week low. Rains in dry areas […] Read more
U.S. grains: Soybeans rise from one-month low
Chicago | Reuters — U.S. soybean futures rose on Wednesday as the market rebounded from its lowest level in nearly a month amid lingering concerns about risks from unfavourable crop weather in South America. Corn and wheat futures hit their lowest levels in more than two weeks under pressure from large supplies and technical selling. […] Read more
U.S. grains: Soybeans stumble on South America’s crop prospects
Reuters — U.S. soybean futures tumbled to a nearly one-month low on Tuesday, as rain in Argentina’s dry crop belts kept South America on track for a bumper harvest. Chicago corn and wheat also ticked lower, under pressure from a stronger U.S. dollar and technical selling. The most active soybean futures contract on the Chicago […] Read more
U.S. grains: Soy, corn weaker on Argentina rains, profit-taking
Chicago | Reuters — U.S. soybean, corn and wheat futures eased on Monday, weighed down by profit-taking and expectations for more crop-friendly rainfall in Argentina. Wheat futures retraced early gains despite bitter cold temperatures in the U.S. which left dormant plants vulnerable to damage. Chicago Board of Trade soybeans notched the largest declines of the […] Read more
U.S. grains: Soybeans rise on export deal
Chicago | Reuters — U.S. soybean futures firmed on Friday, as a fresh export deal highlighted the robust overseas demand for the oilseed and also supported by lingering concerns about dry conditions in Argentina, traders said. Wheat futures were flat, retracing losses late in the session on a round of short-covering and worries about a […] Read more
Tight high-protein supplies underpin Minneapolis wheat
CNS Canada — Spring wheat futures in Minneapolis are outpacing the Chicago and Kansas City winter wheats to the upside, and tight world supplies of higher-protein wheat should remain supportive until the 2017 North American crop becomes better known. “A lot of it is the protein market,” said analyst Bryan Strommen of Progressive Ag in […] Read more
U.S. grains: Soy firms on technicals
Chicago | Reuters — U.S. soybean futures rose on Thursday, turning higher after testing key technical support levels, traders said. Corn and wheat futures weakened on a mild round of profit-taking. Wheat, which also was pressured by a firm U.S. dollar, had risen for the previous five days while corn was coming off a four […] Read more
U.S. grains: Soybeans fall on Argentine rain view
Chicago | Reuters — U.S. soybean futures fell to a three-week low on Wednesday as forecasts for rain in dry areas of Argentina’s crop belt took out some of the weather premium built into the market, traders said. “Beans are seeing a little bit of pressure… amid a favourable weather forecast for Argentina,” CHS Hedging […] Read more
Cyber-Savvy Farmer
