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MGEX December 2020 wheat (candlesticks) compared against CBOT December 2020 wheat (orange line). (Barchart)
Crops, Markets, Soybeans, Weather, Winter Wheat

CBOT weekly outlook: Export demand supports wheat, soy

Lower U.S. dollar also supportive

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MarketsFarm — Strong global demand, paired with concerns of dry growing conditions in key regions, has spurred U.S. wheat prices higher. “Some countries are getting nervous with the persistent dryness in several regions, which could reduce the supply of quality global wheat,” said Terry Reilly of Futures International in Chicago. Dry growing conditions in Ukraine, […] Read more
CBOT December 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Dry soils push Chicago wheat higher

CBOT corn, soy futures also rise

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Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures firmed on Monday, hitting almost six-year highs, on concerns about dry conditions across key global growing areas, traders said. But gains were limited as investors stood by after prices have rallied 8.6 per cent so far this month. “The market is just […] Read more
CBOT December 2020 wheat with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: CBOT wheat hits 2014 high on global crop concerns

Soybean futures retreat from gains

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Chicago | Reuters — U.S. wheat futures surged to their highest prices in nearly six years on Friday as dry weather in key growing regions around the world fueled supply concerns. Corn futures ended lower, after touching a 14-month high on prospects for hefty sales to China, and soybeans also slumped. Traders are keeping a […] Read more
CBOT December 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Wheat soars to five-year high

Corn hits 14-month high; soybeans up slightly on Chinese buying

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Chicago | Reuters — Chicago wheat futures rallied to five-year highs on Thursday, as cuts to Argentina’s wheat outlook brought into focus the potential global supply damage possible due to dryness in top wheat producing countries, trader said. Corn followed wheat, climbing to 14-month highs and soybeans ended higher as exports continue. The most-active wheat […] Read more
CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans fall as harvest pressure fills bulls’ void

Corn follows soybeans lower; wheat ends slightly higher

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Chicago | Reuters — Chicago soybean futures dropped sharply on Monday, as harvest pressure pushed the market lower, traders said. Corn followed soybeans lower, while wheat ended slightly higher on concerns that dryness across the U.S. Great Plains might limit winter wheat growth. Chicago Board of Trade most-active soybeans fell 31-3/4 cents to $10.33-3/4 per […] Read more
U.S. grains: Wheat, soy futures hit multi-year highs
Crops, Markets, Reuters, Weather

U.S. grains: Wheat, soy futures hit multi-year highs

Dry weather in U.S., Russia, Argentina supports wheat prices; soybeans, corn rise as Brazil also dry for planting

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Chicago | Reuters — U.S. wheat and soybean futures soared to multi-year highs on Wednesday as unfavourable weather threatened production in exporting countries. Dryness has raised concerns among traders about the prospects for wheat planting in the U.S. Plains and the Black Sea region and for soybean planting in Brazil. Weather in the southern U.S. […] Read more
CBOT December 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Dry weather pushes CBOT wheat, soy to multi-year peaks

Chicago corn also rallies

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Chicago | Reuters — U.S. wheat and soybean futures jumped to multi-year highs on Tuesday, supported by concerns about dry weather in key production areas, traders said. Corn futures hit their highest level in 8-1/2 months, joining in the rally as the U.S. harvest pace fell below expectations despite ideal weather for field work. But […] Read more
K.C. December 2020 hard red winter wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat futures jump on weather woes

CBOT corn flat, soy firm

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Chicago | Reuters — U.S. wheat futures rallied on Monday with K.C. hard red winter wheat hitting a two-year high on concerns that dry soils will crimp yields in key production areas around the world, traders said. Corn futures were steady, supported by the strong gains in the wheat market while soybeans closed firm on […] Read more
CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Soybeans touch two-year high on dry weather

Wheat up with prices in Russia, Ukraine

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Chicago | Reuters — U.S. soybean futures hit their highest prices in more than two years on Monday before paring gains, as dry weather in parts of the U.S. Midwest is expected to damage the condition of crops, analysts said. Wheat futures set a four-month high, while corn futures retreated after touching their highest price […] Read more
CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soybeans, wheat rally

'We absolutely need heavy rainfall in a lot of areas'

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Chicago | Reuters — Chicago Board of Trade soybean futures jumped 1.8 per cent on Thursday to their highest in 7-1/2 months, with forecasts for dry weather in the U.S. Midwest threatening to hinder the crop throughout its late stages of development, traders said. “We absolutely need heavy rainfall in a lot of areas,” said […] Read more

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