GRAINS-Wheat falls to two-month low on U.S. rains

SYDNEY, May 27 (Reuters) – U.S. wheat futures fell as much as 1.5 percent on Tuesday to a two-month low, as heavy rains across the southern plains provided much needed moisture to crops that have wilted under dry weather in recent weeks. FUNDAMENTALS * Chicago Board Of Trade July wheat fell 1 percent to $6.46-1/4






FOB Gulf Grain-Soybean basis soft on futures, movement

CHICAGO, May 22 (Reuters) – FOB U.S. Gulf soybean basis offers were steady to softer on Thursday with the sharp rally in futures drawing out farmer sales of old and new-crop soy, traders said. * Corn and wheat basis offers were steady amid quiet markets ahead of the long U.S. holiday weekend. Southern hemisphere corn



CME live cattle futures firm with beef demand

May 22 (Reuters) – Chicago Mercantile Exchange live cattle futures gained Thursday, supported by improving demand for beef as retailers gear up for post-Memorial Day outdoor cookouts, traders said. * Wednesday afternoon’s wholesale choice beef price rose 93 cents per hundredweight (cwt) from Tuesday to $231.16. Select cuts climbed $1.06 to $220.09, the U.S. Department