Page 13 - Key Commodities News Today

Corn, soybeans and wheat all see positive forward momentum Wednesday Grain prices stumbled on Monday but rebounded on Tuesday. Today, they continued to move higher on another round of technical buying inspired by tightening domestic and global stocks. Wheat prices saw the most upside, with some contracts climbing more than 2.5% higher by the close. Corn prices also rose more than 1% today. Soybeans stayed in the green, but gains were more muted after another consultancy predicted a 5-billion-bu...

Soybeans and wheat hit the hardest in Monday’s session Grain prices were mixed but mostly lower to start the week after some technical selling and profit-taking. Wheat contracts showed the most downside today, with some contracts losing nearly 2% by the close. Soybeans saw more moderate losses, fading about 0.7% lower today. Corn prices showed a little more nuance, with May contracts falling more than 0.75% while July and September contracts trending higher. While the Southeast will see plent...

Soybeans slump in Tuesday’s session, with wheat seeing mixed results Red-hot grain prices cooled on Tuesday – with a couple of exceptions – on some profit-taking after rising substantially higher in recent sessions. Nearby corn contracts continued to boost higher, closing a hair below $7 per bushel, although July contracts were down slightly. Wheat prices were moderately mixed amid some uneven technical maneuvering. Soybeans showed the most downside, losing double digits and closing more ...

Soybeans soar more than 2% Monday, with some wheat contracts clearing 4% today Grain prices soared again on Monday after tight domestic supplies, weather worries in Brazil and a late start to plantings in the U.S. triggered another big round of technical buying today. Corn finished the session limit up, with all futures carving out new life-of-contract highs. Soybeans trended 2% higher, meantime, while wheat contracts closed with gains ranging between 3% and 4%. Plenty of rain is expected to ro...

Soybeans and wheat also trend higher on Friday Some profit-taking overnight and early in Friday’s session kept corn and soybean prices on their heels for a while, but a late-session rally helped push them back into the green by the close. Nearby corn contracts rose another 1%, while soybean prices finished with more modest gains. Wheat prices also continued to improve today. Spring wheat contracts led the way with gains of 1.8%, while winter wheat contracts saw smaller improvements. Most of t...

Soybean and wheat prices also trend substantially higher Thursday Less than a month ago, USDA’s bullish set of planting intentions data from March 31 sent corn prices limit up. Today, corn prices received an encore after locking limit up around 10:45 a.m. as the latest weather rally continued to heat up. Historically tight supplies for both corn and soybeans has traders concerned about the seasonally cool, wet weather that is pumping the brakes on planting progress. Corn tracked 4% higher tod...

Corn and wheat prices also trend significantly higher Wednesday Grain prices surged higher again on Wednesday, fueled by another round of technical buying spurred by this week’s cold snap, which brought rain, snow and the prospects of widespread planting delays in its wake. Nearby corn prices jumped another 3% higher, while soybeans climbed 1.75% higher and nearly closed above $15 per bushel – a feat not seen since the spring of 2014. Wheat prices also enjoyed healthy gains of around 1.5% t...

Wheat contracts finish Monday’s session with lightly mixed results Grain prices heated up Monday as widespread cool weather is moving its way through the central U.S. later this week – including snow showers possible as far south as Missouri and Kansas. Parts of Indiana, Illinois and Ohio could also see some snow Tuesday night evening into Wednesday morning. That kind of weather, of course, won’t be good for planting progress, which helped trigger a round of technical buying for corn and ...

Soybeans grab double-digit gains while wheat comes in lightly mixed Corn prices faded for a second consecutive session Friday after another round of technical selling today. But nearby contracts still finished the week strong, moving more than 1.5% higher after capturing big gains earlier in the week. Soybean prices carved out moderate gains of around 1%, meantime, as traders shifted their focus back to historically tight supplies. Wheat prices were narrowly mixed, meantime, with CBOT futures d...

Soybean and wheat prices finish Thursday’s session with moderate gains Grain prices were mixed but mostly higher, with market-friendly supply and demand fundamentals still in place, despite some disappointing export data from USDA this morning. Soybeans firmed by 0.5%, with some wheat contracts up as much as 0.75% on an ensuing round of technical buying. Corn tested moderate gains early in the session but eroded back into the red by the close. Parts of the Central Plains could see as much as ...