(Bob Nichols photo courtesy ARS/USDA)

U.S. grains: Soybeans weaken while corn, wheat tick higher

Chicago | Reuters –– U.S. soybean futures eased on Thursday, closing well above session lows as technical buyers stepped into the market after profit-taking sparked an early sell-off, traders said. Wheat and corn futures firmed on short-covering, recovering from early dips into negative territories. Rain in key U.S. growing areas that removed some lingering doubts […] Read more



(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Exports support soybeans

Chicago | Reuters –– U.S. soybean futures rose to their highest in nearly four weeks on Wednesday on strong demand from China, the world’s top buyer of the oilseed, traders said. Corn and wheat futures posted mild gains on a round of short-covering. It was corn’s fourth positive close in a row. “We had some […] Read more


(Stephen Ausmus photo courtesy ARS/USDA)

U.S. grains: Wheat rises on short-covering

Chicago | Reuters — U.S. wheat futures firmed on Tuesday, with a falling dollar spurring a mild round of short-covering in the beaten-down market, traders said. Corn futures also edged higher, with technical buying underpinning the market. Soybeans weakened, drawing back from sharp gains on Monday as investors locked in profits. Rain in eastern parts […] Read more

The Nile River at Cairo. (CIA.gov)

Egypt public prosecutor orders 13 arrested in wheat corruption case

Cairo | Reuters — Egypt’s public prosecutor has ordered the arrest of 13 people for 15 days pending an investigation into their role in a wheat procurement corruption scandal, judicial sources said on Saturday. Egypt, the world’s largest wheat importer, has been mired in controversy over its wheat supplies, with industry officials claiming that over […] Read more