U.S. soybean futures fell one per cent on Wednesday on technical selling and forecasts for welcome moisture in crop areas of Argentina, traders said. The downturn in soybeans erased early gains and dragged down corn and wheat as well. At the Chicago Board of Trade (CBOT), March soybeans settled down 14-3/4 cents at $14.37 per
U.S. soybeans fall on technical selling, Argentine weather
U.S. soybeans reach one-month high as Chinese buy
Soybean futures rose 1.6 per cent on Tuesday, and touched a one-month high, as traders cited news China bought optional-origin soybeans, talk that it may be looking for more, and concern about Brazil’s ability to move its expected record-large soybean crop to port. Corn futures posted modest gains, but wheat tumbled 1.5 per cent as
U.S. wheat to slips to six-month low on slow exports
U.S. wheat futures fell two per cent and hit a six-month low on Wednesday in light technical trading, pressured by end-of-year positioning and a lack of export demand, traders said. Corn and soybeans also sagged in holiday-thinned volume. Grain markets remained closed in Europe. At the Chicago Board of Trade, March wheat fell 19-1/4 cents,
Soybeans rise for third day on big U.S. crush
U.S. soybean futures rose for a third straight session Friday and neared psychological resistance at US$15 per bushel in reaction to November’s soybean crush being the largest in nearly three years. Wheat and corn ended higher, stabilizing after falling for five and six straight sessions, respectively. At the Chicago Board of Trade, January soybeans settled
U.S. wheat extends losses on forecasts for hefty stockpiles
U.S. wheat futures declined for a fourth straight session on Wednesday, setting a five-month low and adding to Tuesday’s loss of more than three per cent after the U.S. government forecast hefty stockpiles. Corn fell to a 3-1/2 week low, while soybeans closed mixed as firm cash markets supported the nearby contract. At the Chicago
U.S. wheat at five-month low as USDA raises supply forecasts
U.S. wheat futures fell to a five-month low on Tuesday after the U.S. Department of Agriculture raised its forecasts for U.S. and global wheat inventories to levels that topped trade expectations. Wheat’s 3.2 per cent plunge pulled down corn and soybeans, with corn hitting a three-week low. At the Chicago Board of Trade, benchmark March
U.S. wheat, corn at three-week lows ahead of USDA report
U.S. wheat futures fell to a three-week low on Monday, hit by chart-based selling as well as concerns that U.S. export business is falling short of forecasts, analysts said. Corn futures also hit a three-week low, extending a three-session skid, while soybeans ended higher after a seesaw session ahead of a monthly crop report from
U.S. soybeans hit near one-month top on export talk
U.S. soybeans climbed to their highest level in nearly a month on Wednesday on a mix of technical strength and robust demand from exporters as well as domestic processors, traders said. Corn followed soybeans higher and drew further support from bullish weekly U.S. ethanol data, and wheat snapped out of a four-session slide. At the
Grains – soybeans rise for third session on China economic data
U.S. soybean futures rose for a third straight day on Thursday, led by strength in Chinese soy markets tied to encouraging economic data that country, the world’s biggest soy importer. Wheat firmed for a second day on worries about global crop weather, but corn turned lower on chart-based selling and concerns about ethanol plants shutting
Corn hits one-week high on export prospects, technicals
Corn prices rose to a one-week high on Wednesday on a mix of technical buying and prospects for improved U.S. export demand as old-crop supplies from South America dwindle, analysts said. Wheat advanced, halting a four-day sell-off, and soybeans rose for a second day, joining a broad rally in commodities tied in part to end-of-the-month