U.S. grains: Wheat, corn, soybean futures rise

U.S. grains: Wheat, corn, soybean futures rise

Chicago / Reuters – U.S. wheat futures firmed on Wednesday, with MGEX spring wheat contracts posting the biggest gains as results from a crop tour confirmed that drought in the northern Plains severely crimped harvest potential in that key growing region. Traders also noted bargain buying in wheat futures as the benchmark Chicago Board of


U.S. weather scares funds out of their shorts

U.S. weather scares funds out of their shorts

Hot and dry conditions throughout much of the U.S. are causing supply concerns

Speculators have turned bullish across all three Chicago and Minneapolis wheat contracts for the first time in over two years. Funds are also buying back gobs of corn and soybean contracts after being record or near-record short in recent weeks. Crops in the United States are extremely sensitive to weather at this time of year.







(Lisa Guenther photo)

CBOT weekly outlook: Corn, soy seen rising

CNS Canada — Corn and soybean futures at the Chicago Board of Trade are moving in turbulent trade with each U.S. weather forecast. “It’s all on raindrops right now,” said Scott Capinegro of Barrington Commodity Brokers. Recent forecasts for rain have pressured corn and soybean markets, though declining crop conditions could provide support moving forward.