U.S. grains: U.S. corn sets five-month high on rising export demand

U.S. corn futures on Monday touched a fresh five-month high on firm export demand, while wheat slumped on profit-taking and slow sales to foreign buyers. Soybeans also advanced on strong export sales in light trading volume ahead of the Christmas holiday, traders said. Corn futures finished near unchanged after the nearby contract rose to its highest level since July.

U.S. Grains: Profit taking pulls U.S. wheat lower, soy sags

U.S. wheat futures fell 3.5 per cent on Friday, stepping back from their highest in more than six months on a round of profit-taking ahead of a holiday-shortened week, traders said. The drop in wheat weighed on corn, but signs of strong export demand limited selling in the yellow grain. Soybeans also were weak on forecasts for crop-boosting rain in


(Scott Bauer photo courtesy ARS/USDA)

CBOT soybean market lacking positive drivers

CNS Canada — Chicago Board of Trade (CBOT) soybean futures moved lower during the week ended Wednesday and could continue drifting downward as there’s not much positive underpinning the market. “There’s talk of China slowing down demand, we’ve seen the seasonal top in export inspections, and Chinese crush margins are running right around negative,” said