Chicago | Reuters — U.S. soybean futures rose for the third day in a row on Thursday, touching their highest in more than five weeks on concerns that dry weather will arrive too late to allow for planting in rain-soaked areas of the Midwest, traders said. Traders said the excess moisture could force farmers to
U.S. grains: Soy rallies on short-covering, planting woes
U.S. grains: CBOT corn, soy, wheat rise on weather outlook
Chicago | Reuters –– U.S. soybean futures rose on Wednesday as concerns about rain forcing some farmers to dial back their plantings sparked a round of short-covering, traders said. Corn and wheat futures also closed higher, supported by technical buying as well as some weather-related concerns. Soybeans, which notched a second straight day of double
U.S. grains: Soybeans rally as planting slows, crop concerns emerge
Chicago | Reuters — Chicago Board of Trade soybean futures rose as much as 2.5 per cent on Tuesday, supported by the U.S. Department of Agriculture’s cut to crop ratings and its report showing planting has fallen behind the typical pace, traders said. Corn futures rose too, firming on bargain buying after posting a sharp
U.S. grains: Weather view weighs on CBOT corn, wheat
Chicago | Reuters — Chicago Board of Trade wheat futures sank 2.9 per cent on Monday, hitting a two-week low on expectations that drier conditions in the U.S. Plains will allow farmers to harvest a bumper crop, traders said. Corn futures also fell, hitting new contract lows amid pressure from good weather for crop development
U.S. grains: Profit-taking weighs on soybeans, corn, wheat
Chicago | Reuters — U.S. corn, wheat and soybean futures fell on Friday on end-of-week profit-taking and technical selling, traders said. It was the first time all three commodities posted losses on the same day since May 26. Some position-squaring ahead of the U.S. Agriculture Department’s monthly supply and demand report on Wednesday was noted.
U.S. grains: Weather concerns prompt short-covering in wheat
Chicago | Reuters –– Chicago Board of Trade wheat futures jumped 2.3 per cent on Thursday, posting their third gain in the last four sessions as some weather concerns provided the impetus for traders to cover short positions. The forecast for more rain, which could slow the tail end of seeding in parts of the
U.S. grains: Wheat, soybeans sag after rally
Chicago | Reuters — U.S. wheat futures fell on Wednesday, shrugging off weakness in the dollar as investors locked in profits following two days of sharp gains, traders said. Soybean futures ended lower, too, pressured by commercial hedging after farmers booked sales on the cash market following a rally that pushed futures prices to their
U.S. grains: Lower greenback sparks rally in wheat, corn, soy
Chicago | Reuters –– U.S. corn, soybean and wheat futures rallied on Tuesday, supported by a steep decline in the U.S. dollar that made all three commodities more attractive to investors looking for a hedge against inflation, traders said. Wheat notched the biggest gain, with the front-month Chicago Board of Trade (CBOT) contract surging 3.8
U.S. grains: Short-covering sparks rally in wheat
Chicago | Reuters –– U.S. wheat futures rallied 3.4 per cent on Monday, bouncing off of their lowest in nearly three weeks, on a round of short-covering, traders said. “Frankly this market was struggling to go down,” Arlan Suderman, senior market analyst at Water Street Solutions, said. “When you run out of sellers because they
U.S. grains: Soybeans, corn fall on planting pace
Washington | Reuters — U.S. corn and soybean futures fell on Monday, pressured by expectations that a government report will show the pace of planting of both commodities was well ahead of the typical schedule. Wheat futures were mixed, with hard red winter wheat contracts supported by concerns about the crop in the U.S. Plains
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