U.S. corn futures fell two per cent on Friday, their biggest single-day drop in nearly a month, on concerns about U.S. sales to China, a proposal to eliminate the U.S. ethanol mandate and the big global stockpile of the feed grain. Wheat fell to its lowest in 1-1/2 years on technical selling and abundant world
U.S. grains: Corn dips again as China rejects U.S. cargoes
U.S. grains: Corn ends firm on strong ethanol production, technicals
U.S. corn futures firmed on Wednesday in subdued trade, supported by fund short-covering and strong domestic ethanol production, traders said. Wheat rebounded after the front contract fell to a near four-month low on continuous price charts, and soybeans clung to narrow gains. At the Chicago Board of Trade, most-active March corn settled up 3-1/4 cents
U.S. grains: Soy slips, corn drops on EPA biofuel plan
U.S. soybean futures fell 2.5 per cent on Friday to a one-week low, with traders citing softening cash markets, favourable crop weather in South America and profit-taking after Thursday’s six-week high. A private estimate for big U.S. soybean acreage next year also weighed on prices. Corn prices fell late in the session after the Obama
U.S. grains: Soy hits six-week high on China demand
U.S. soybean futures rose one per cent to a six-week high on Tuesday, lifted by export demand for U.S. soybeans, particularly from China, along with spillover support from palm oil, traders said. Corn retreated from a two-week high on profit-taking and light farmer selling, and wheat drifted lower, falling for a seventh consecutive session. At
U.S. grains: Corn posts biggest one-day rise since August
U.S. corn futures rose nearly two per cent on Monday, their biggest daily gain since August, as commodity funds covered short positions after the U.S. Department of Agriculture last week forecast domestic corn stocks below trade expectations. “The report wasn’t as bearish as everyone was thinking, so I think you’ve got some technical short-covering in
Chicago wheat hits two-month high on brisk exports
Chicago Board of Trade wheat futures reached a two-month high on Friday, buoyed by short-covering and expectations of strong demand from China and Brazil. Soybeans firmed on bargain-buying and positioning ahead of a key U.S. government stocks report due Monday, while corn fell as the harvest of a likely record-large U.S. crop progressed. At the
CBOT corn, soybeans tumble as U.S. harvest begins
Chicago Board of Trade corn and soybean futures closed at their lowest in roughly a month Friday, pushed down by seasonal pressure from the start of the U.S. harvest, traders said. Wheat followed the weaker trend on profit-taking after Thursday’s rally and news of favourable planting weather in the U.S. Plains. At the CBOT, December
U.S. wheat rallies on exports, short-covering; soy sags
Chicago Board of Trade wheat futures rose 1.6 per cent Thursday, their biggest daily gain in three and a half weeks as strong weekly U.S. export sales and technical factors inspired investors to cover short positions, traders said. Corn followed wheat higher but gains were not as robust as the U.S. harvest got underway. Soybeans
CBOT soy higher after three-day slide
Chicago Board of Trade soybean futures rose for the first time in four sessions on Wednesday on bargain buying a day after the benchmark November contract fell to a three-week low, and as worries about tight U.S. supplies lingered. Corn and wheat also firmed, rallying near the closing bell on a drop in the value
U.S. soybeans fall on technicals, harvest
Chicago Board of Trade soybean futures fell for a third straight session on Tuesday on technical weakness and softening cash markets ahead of the U.S. harvest, traders said. Corn also eased reversing gains tied to government data indicating a smaller U.S. planted area than the current official estimate, while wheat held firm on short-covering. At