(USDA.gov via Flickr)

U.S. grains: Soy jumps on USDA’s surprising cut in acres

Chicago | Reuters — U.S. soybean futures jumped to a one-week high on Friday after the U.S. Department of Agriculture lowered its domestic production estimate more than analysts had expected. Corn futures touched a two-week low on bigger-than-expected U.S. production and inventory estimates in the agency’s monthly crop reports. USDA surprised traders in both markets




(FIle photo by Allan Dawson)

U.S. grains: Corn tops two-month high

Chicago | Reuters –– U.S. corn futures climbed to their highest in more than two months on Tuesday as traders predicted the U.S. will cut its production estimate in a crop report due out Friday. The U.S. Department of Agriculture, in the monthly report, may reduce its estimates for the average corn yield and for


(Country Guide file photo)

Western Canadian wheat bids stay rangebound

CNS Canada — Cash wheat bids across Western Canada stayed mainly rangebound during the week ended Monday. Average Canada Western Red Spring (CWRS) wheat prices were up by C$1 per tonne across the three Prairie provinces, according to price quotes from a cross-section of delivery points. Bids ranged from $228 per tonne in Manitoba to

(USDA.gov via Flickr)

U.S. grains: Prices rise on technicals, positioning before reports

Chicago | Reuters –– U.S. grain and soybean futures strengthened on Monday as technical buying and positioning ahead of U.S. crop reports overshadowed concerns about poor export demand. Soybean oil neared a two-month high. Traders were adjusting positions in the markets before the U.S. Department of Agriculture (USDA) issues reports on crop production, supplies and


(Allan Dawson photo)

U.S. grains: Wheat falls on profit-taking

Chicago | Reuters — U.S. wheat futures sank on Friday on a round of end-of-week profit taking after prices hit an 8-1/2 week high on Thursday, traders said. Soybeans also fell, pressured by the expanding harvest of what is expected to be a bumper crop in the U.S., while corn was close to unchanged. Wheat