Chicago | Reuters — Nearby Chicago wheat futures jumped three per cent on Wednesday and hit a four-month high on worries about dry conditions threatening yield prospects in the southern U.S. Plains, analysts said. Corn futures rose on robust export demand for U.S. supplies while soybean futures declined after a choppy session. Chicago Board of […] Read more
Tag Archives winter wheat — page 24
U.S. grains: Wheat surges on worries about Plains dryness
U.S. grains: Wheat lower on technicals, better weather
Chicago | Reuters — U.S. wheat futures fell to a one-week low on Monday on technical selling and an improving weather outlook, including beneficial moisture in parts of the Midwest winter wheat belt, analysts said. Soybean futures set a two-week low on forecasts for much-needed moisture in parts of Argentina, and corn sagged as well. […] Read more
U.S. grains: Soybeans dip on Argentina rain outlook, technical selling
Chicago | Reuters — U.S. soybean futures fell for a third straight session on Friday on technical selling and as an improved South American crop weather forecast soothed some anxiety about drought-reduced production in Argentina. Wheat also declined, with soft red winter wheat futures pressured by forecasts for snow in some U.S. production areas. Corn […] Read more
CBOT weekly outlook: Futures get weather boost
CNS Canada — The troublesome weather that gave Chicago Board of Trade (CBOT) corn, soybean and wheat contracts a boost over the past week should remain supportive, despite nearby technical setbacks, according to a trader. “I’m still slightly bullish on beans, corn and wheat given the unfavourable weather situation in South America, with too much […] Read more
U.S. grains: Profit-taking drags wheat from multimonth peaks
Chicago | Reuters — U.S. winter wheat futures turned lower on Wednesday in a profit-taking setback from multi-month highs after five straight sessions of gains fuelled by concerns over poor crop conditions in the U.S. Soybeans were also lower as traders banked profits from a recent grain market rally and a slightly improved crop weather […] Read more
U.S. grains: Winter wheat jumps as crop conditions drop
Chicago | Reuters — U.S. winter wheat futures surged to their highest in at least four months on Tuesday, led by a more than three per cent rally in hard red winter wheat, after the government slashed condition ratings for the drought-hit U.S. Plains crop. Soybeans and corn also advanced on technical buying and short […] Read more
U.S. grains: Corn, soy rise on South American weather worries
Chicago | Reuters — U.S. soybean and corn futures climbed on Monday on short-covering and concerns that the weather in South America could hamper production of the crops in Brazil and Argentina. Wheat rallied around two per cent as commodity funds exited short positions and on increasing worries that dry weather in the U.S. Plains […] Read more
CBOT weekly outlook: Markets stabilize following USDA reports
CNS Canada — Corn and soybean contracts on the Chicago Board of Trade (CBOT) are catching up following the release of U.S. Department of Agriculture (USDA) reports last Friday. Corn “went down on Friday in response to the report. We couldn’t file through it all yesterday. So we actually ended up finding some short-covering and […] Read more
U.S. grains: Wheat hits one-month low on supplies, acreage forecasts
Chicago | Reuters — U.S. wheat futures fell to a one-month low on Tuesday, pressured by ample global grain supplies and a government forecast on Friday that said U.S. farmers planted more winter wheat this season than had been expected. Soybeans climbed to a one-week high on short-covering and concerns that dry conditions in Argentina […] Read more
U.S. grains: Wheat drops most since August after USDA acreage surprise
Chicago | Reuters — Chicago wheat futures tumbled nearly three per cent on Friday, notching their biggest daily decline since August, after the U.S. Department of Agriculture showed larger-than-expected U.S. winter wheat plantings. Corn futures fell to life-of-contract lows, while soybeans turned higher in a recovery from four-month lows in the wake of the midday […] Read more
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