A double rainbow over a Manitoba soybean field. (ImagineGolf/iStock/Getty Images)

U.S. grains: Soybeans firm on fund-driven buying

Chicago | Reuters — U.S. soybean futures firmed modestly on Wednesday in largely technical trade along with fund-driven buying and strength in allied soymeal futures, analysts said. Corn futures declined and wheat fell on technical selling. Chicago Board of Trade (CBOT) November soybean futures settled up one cent at $8.85-3/4 per bushel but stayed below […] Read more







CBOT December 2018 corn with 50-day moving average. (Barchart)

U.S. grains: Corn hits seven-week high on USDA’s surprise yield cut

Chicago | Reuters — U.S. corn futures jumped more than 1 percent to a seven-week high on Thursday after the U.S. Department of Agriculture (USDA) unexpectedly cut its yield forecast for the 2018 crop, leaving stocks of the grain lower than anticipated. Soybean futures followed corn higher, reversing earlier losses as the government’s harvest outlook […] Read more