Chicago | Reuters — U.S. wheat futures extended losses to the lowest levels in a week on Thursday, pressured by gains in the dollar and after the U.S. Department of Agriculture raised its supply outlook. Soybeans and corn also eased as the stronger greenback made U.S. goods less attractive in international markets. The dollar climbed […] Read more
U.S. grains: Wheat slips to one-week low on raised supply outlook
U.S. grains: Wheat falls most in two weeks as USDA boosts supply outlook
Chicago | Reuters — U.S. wheat futures tumbled more than three per cent for their largest losses in two weeks on Wednesday after the U.S. Department of Agriculture boosted its production forecast for the winter wheat crop in a monthly supply and demand report. Corn futures posted their largest daily declines since March at the […] Read more
U.S. grains: Wheat touches two-month high on harvest bets
Chicago | Reuters — U.S. wheat futures jumped as much as one per cent on Tuesday, extending gains from the previous session to a two-month high as investors bet that heavy rains would hit yields of the winter wheat crop in the southern U.S. Plains. Soybeans also rose, reaching a three-week peak as a broad-based […] Read more
Expansion in U.S. ethanol on hold after blending targets slashed
Chicago | Reuters –– Expansion in the U.S. ethanol industry, stuck in neutral for more than a year as the government debated biofuel blending requirements, is now likely to come to a screeching halt. With the U.S. Environmental Protection Agency last week essentially maintaining the so-called blend wall that mandates nearly every gallon of gasoline […] Read more
U.S. grains: Soy, corn, wheat tumble as U.S. dollar firms
Chicago | Reuters — U.S. grains and oilseeds fell more than one per cent on Friday, with soybeans tumbling to the lowest levels since October in a broad commodities selloff as the dollar rallied against a basket of global currencies. Soybeans, corn and wheat each reversed earlier gains and fell to session lows as the […] Read more
U.S. grains: Wheat jumps on global weather worries, corn follows
Chicago | Reuters –– U.S. wheat futures rose more than one per cent on Thursday, lifted by worries that U.S. rains could reduce grain quality and that dry conditions in Russia and Canada would stress crops. Chicago Board of Trade corn futures also jumped, rising in sympathy with wheat, while soybeans were nearly unchanged, anchored […] Read more
U.S. grains: Soy at seven-month low, corn weak on favourable weather
Chicago | Reuters — U.S. soybeans fell to seven-month lows and corn to one-week lows on Wednesday, pressured by forecasts for nearly ideal growing conditions for the crops next week. Temperatures were seen warming up by next week after a chill that supported prices earlier this week. Coupled with recent rainfall in the U.S. Midwestern […] Read more
U.S. grains: Soybeans fall to contract lows on speedy plantings
Chicago | Reuters — U.S. soybeans fell to contract lows while corn eased 1.7 per cent on Tuesday, pressured by faster-than-normal spring plantings and overall favourable crop conditions in the U.S. Wheat futures tumbled two per cent at the Chicago Board of Trade, with all three markets reversing from gains in the previous session as […] Read more
U.S. grains: Wheat jumps on more U.S. rains, frost fears
Chicago | Reuters — U.S. wheat surged more than two per cent to the highest level in a month on Monday as forecasts for rains in the U.S. Plains revived concerns about crop damage and encouraged buying among investors with large short positions. Worries that frost and cold temperatures could reduce yields in the northern […] Read more
U.S. grains: Corn falls to lowest since October on rapid plantings
Chicago | Reuters –– U.S. grains shed as much as one per cent on Friday as investors sold off positions on the first day of May amid bearish headwinds of rapid pace of spring plantings and a strong dollar that could limit export prospects. Chicago Board of Trade corn futures fell to the lowest levels […] Read more
Cyber-Savvy Farmer
