*Wheat rebounds on concerns about U.S. crop, Ukraine. CHICAGO, March 11- U.S. wheat futures rallied 2.9 percent to their highest level in more than four months on Tuesday, supported by concerns that political unrest in Ukraine will disrupt exports and worries about dry soils limiting U.S. production, traders said.» Read More
*Argentine weather, China demand give fundamental support. Wheat's recent gains-- prices for the benchmark Chicago Board of Trade December soft red winter wheat contract have risen 4.2 percent so for this week-- have also caused some investors to cover short positions in the commodity as the market has surged through key technical resistance points.
*Soybeans falls to lowest in more than a month after rains. CHICAGO, Sept 23- U.S. wheat futures rose 1.1 percent on Monday, supported by rising global demand as well as a round of short-covering, traders said. Corn futures edged higher on spillover strength from the wheat market but soybeans dipped amid hopes that some recent rain across key growing areas of the U.S.
*Soybeans pressured as recent rain improved harvest outlook. *Corn firms on wheat strength. Corn futures edged higher on spillover strength from the wheat market but soybeans dipped amid hopes that some recent rain across key growing areas of the U.S.
Greg Smith, Group CEO, Global Commodities Ltd says that speculators are still short commodities and that investors are not picking up on the protein theme yet.
A Chinese trade delegation signed agreements with U.S. grain companies on Wednesday to buy 8.62 million metric tons of soybeans from the United States and will ink more deals on Thursday for a record-setting purchase topping 12 million metric tons.