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Jun 5, 2015

Profit-taking weighs on U.S. soybeans, corn, wheat

CHICAGO, June 5 (Reuters) – U.S. corn, wheat and soybean
futures fell on Friday on end-of-week profit-taking and
technical selling, traders said.

It was the first time all three commodities posted losses on
the same day since May 26. Some position squaring ahead of the
U.S. Agriculture Department’s monthly supply and demand report
on Wednesday was noted.

Jun 5, 2015

Wheat firm on short-covering; corn, soy weak

CHICAGO, June 5 (Reuters) – Chicago Board of Trade wheat
futures firmed on Friday, and were on track to notch their
biggest weekly gain in nearly three years, as traders further
unwound bearish bets amid uncertainty about the upcoming harvest
in the U.S. Plains.

Soybean and corn futures sagged on a mild profit-taking
setback after hitting their highest in 2-1/2 weeks. Corn’s
decline was limited by the strength in wheat.

Jun 4, 2015

Weather concerns prompt short covering in wheat; soy, corn firm

CHICAGO, June 4 (Reuters) – Chicago Board of Trade wheat
futures jumped 2.3 percent on Thursday, posting their third gain
in the last four sessions as some weather concerns provided the
impetus for traders to cover short positions.

The forecast for more rain, which could slow the tail end of
seeding in parts of the U.S. Midwest, also lent support to
soybeans and corn, traders said. All three commodities closed
near session highs, a bullish sign.

Jun 4, 2015

Wheat rallies as weather woes prompt short covering; corn, soy firm

CHICAGO, June 4 (Reuters) – Chicago Board of Trade wheat
futures jumped 1.8 percent on Thursday, and were on track to
post a third gain in the last four sessions as some weather
concerns provided the impetus for traders to cover short
positions.

The forecast for more rain, which could slow the tail end of
seeding in parts of the U.S. Midwest, also lent support to
soybeans and corn, traders said.

Jun 3, 2015

Wheat, soybeans sag after rally; corn steady to firm

CHICAGO, June 3 (Reuters) – U.S. wheat futures fell on
Wednesday, shrugging off weakness in the dollar as investors
locked in profits following two days of sharp gains, traders
said.

Soybean futures ended lower too, pressured by commercial
hedging after farmers booked sales on the cash market following
a rally that pushed futures prices to their highest since May
21.

Jun 3, 2015

Wheat renews rally after dollar turns lower; corn, soy firm

CHICAGO, June 3 (Reuters) – U.S. wheat futures rallied for
the third day in a row on Wednesday as a falling dollar sparked
a fresh round of short-covering, traders said.

The weakening dollar also spurred buying in soybeans and
corn. Prices for all three commodities had traded close to
unchanged during the overnight session but buyers stepped into
the market when the dollar turned lower and eclipsed
Tuesday’s lows.

Jun 2, 2015

U.S. dollar drop sparks rally in U.S. wheat, corn, soybeans

CHICAGO, June 2 (Reuters) – U.S. corn, soybean and wheat
futures rallied on Tuesday, supported by a steep decline in the
dollar that made all three commodities more attractive to
investors looking for a hedge against inflation, traders said.

Wheat notched the biggest gain, with the front-month Chicago
Board of Trade contract surging 3.8 percent as traders used the
dollar drop as a prompt to unwind bearish bets they had made on
the grain amid an abundance of global supplies. The plentiful
stocks situation worldwide has chilled export demand for U.S.
offerings.

Jun 2, 2015

Soybeans rally as U.S. planting slows; corn, wheat firm

CHICAGO, June 2 (Reuters) – Chicago Board of Trade soybean
futures jumped 1.4 percent on Tuesday, on track for their
biggest gain in a months on support from a slowdown in the pace
of planting as well as a weakening U.S. dollar.

The weaker dollar, which makes U.S. commodities more
attractive to overseas buyers and investors looking for a hedge
against inflation, also boosted corn and wheat futures.

May 12, 2015

U.S. soy stocks to rise as export competition heats up

WASHINGTON, May 12 (Reuters) – U.S. soybean supplies were
expected to balloon 43 percent in the 2015/16 marketing year,
despite a drop in production, as U.S. soybeans face increased
competition on the export market, the U.S. government said on
Tuesday.

In its first estimate of the supply situation for the
2015/16 marketing year, the U.S. Agriculture Department
projected U.S. soybean ending stocks at 500 million bushels, up
from 350 million bushels in the 2014/15 crop year.

May 12, 2015

U.S. soy stocks to rise as exports slip due to competition-USDA

WASHINGTON, May 12 (Reuters) – U.S. soybean supplies were
expected to balloon 43 percent in the 2015/16 marketing year
despite a drop in production due to increased competition on the
export market, the U.S. government said on Tuesday.

In its first estimate of the supply situation for the
2015/16 marketing year, the U.S. Agriculture Department
projected U.S. soybean ending stocks at 500 million bushels, up
from 350 million bushels in the 2014/15 crop year.

    • About Mark

      "I cover grain futures out of Chicago, with a focus on the wheat market. Examining the effects of world crop production on prices and the vagaries of export demand for U.S. supplies takes up most of my time. Previously, I was a reporter on the equities desk in New York and I got my start as a news assistant in the Washington Bureau."
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