Chicago | Reuters — U.S. wheat futures closed higher Tuesday on a technical bounce a day after the spot July contract neared a two-week low, and on worries about dry weather in the Black Sea crop region, analysts said. Corn also advanced, rebounding from a two-month low, while soybeans closed mixed as nearby contracts lost […] Read more
Tag Archives winter wheat — page 23
U.S. grains: Wheat, corn climb on bargain-buying
U.S. grains: Corn, soy slide on crop weather, trade jitters
Chicago | Reuters — U.S. corn futures fell to a two-month low on Monday as favourable U.S. crop weather and worries about trade disputes triggered fund-driven long liquidation, analysts said. Soybeans and wheat followed the weak trend that spread across commodity markets. Chicago Board of Trade July corn settled down 10-3/4 cents at $3.80-3/4 per […] Read more
U.S. grains: Wheat rallies on Plains dryness, technical buying
Chicago | Reuters — U.S. wheat futures surged nearly three per cent on Tuesday on technical buying and crop production concerns due to dry weather in the U.S. Plains wheat belt and other major production areas around the globe. Corn futures advanced on spillover support from wheat, while soybeans advanced on follow-through buying from Monday’s […] Read more
U.S. wheat stocks bigger than expected, trade watching weather
CNS Canada — A larger-than-expected wheat ending stocks forecast from the U.S. Department of Agriculture weighed on the country’s wheat futures Thursday, with attention now squarely on weather conditions. The government agency pegged wheat carryout for the upcoming 2018-19 marketing year at 955 million bushels, about 30 million above average trade guesses. Total wheat production […] Read more
U.S. grains: Wheat futures drop as weather improves
Chicago | Reuters — U.S. wheat futures fell to their lowest in 10 days on Monday, led by a 3.4 per cent drop in K.C. hard red winter wheat prices, on forecasts for rain in key growing areas that will provide relief to a drought-stressed crop, traders said. “Wheat prices are lower, with longs running […] Read more
Prairie winter wheat conditions uncertain
CNS Canada — While it’s too early to assess how the western Canada winter wheat crop fared this winter, there is some uncertainty due to unseasonably cold April temperatures. “We start losing cold tolerance, especially in March and going into April now. And that’s when you need to monitor temperatures or for (the crop) to […] Read more
U.S. grains: Wheat, soybean futures rally
Chicago | Reuters — U.S. wheat futures rose for the sixth day in a row on Thursday, with new forecasts calling for extended dryness in the U.S. Plains pushing prices to fresh 7-1/2-month highs, traders said. Soybean futures rallied to a 13-month high on signs of strong export data. Parched soils in Argentina that threatened […] Read more
U.S. grains: Soybeans rise as drought withers crops in Argentina
Chicago | Reuters — U.S. soybean futures on Wednesday rose for the sixth time in seven sessions on expectations that a drought-reduced crop in Argentina would buoy demand for U.S. supplies. Gains were limited by plentiful global supplies and strong production prospects in Brazil. Wheat slipped to a two-week low, pressured by high world supplies […] Read more
Prairie winter wheat conditions no cause for alarm, yet
CNS Canada — While it’s been a cold winter with little snow cover, there is still hope for the Prairies’ winter wheat crop as soil temperatures haven’t hit danger levels yet. “I checked the soil temperatures this morning across the Prairies and most of the soils are about -10 C and winter wheat at this […] Read more
U.S. grains: Wheat, soy futures jump on weather woes
Chicago | Reuters — Weather concerns sparked a rally in U.S. wheat and soybean futures on Monday, with forecasts for dry conditions threatening to reduce harvests in key growing areas, traders said. Chicago Board of Trade soft red winter wheat futures jumped 3.4 per cent to their highest since Aug. 8 on concerns about dryness […] Read more
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