U.S. grains: Wheat drops on profit-taking

Chicago | Reuters — Chicago Board of Trade wheat futures sank 3.2 per cent on Friday, following a six-day rally that had pushed prices to their highest in 7-1/2 months, traders said. “This has just been a fantastic week of gains,” said Bill Gentry, a broker at Risk Management Commodities. “The funds are taking a […] Read more

U.S. grains: Wheat, soybean futures rally

Chicago | Reuters — U.S. wheat futures rose for the sixth day in a row on Thursday, with new forecasts calling for extended dryness in the U.S. Plains pushing prices to fresh 7-1/2-month highs, traders said. Soybean futures rallied to a 13-month high on signs of strong export data. Parched soils in Argentina that threatened […] Read more






(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soybeans retreat on profit-taking

Chicago | Reuters — U.S. soybean futures eased on Monday for the first time in five sessions as profit-taking undercut earlier support stemming from weather forecasts suggesting little rain in drought-hit Argentina, the world’s third-largest exporter. Corn ended higher on concerns about a shrinking crop in Argentina, the world’s No. 3 supplier. Wheat futures jumped […] Read more