CHICAGO, Aug 18- Dave Wiechert of Nashville, Illinois, does good business most years cleaning seed for farmers in preparation for planting season. Wheat currently sells at around $5 per bushel.» Read More
*Wheat falls after hitting highest since June 30. Traders said the wheat market was in focus due to concerns about how the conflict between Russia and Ukraine would affect exports from the Black Sea region.
FAO RAISES WORLD WHEAT OUTPUT FORECAST TO 707.2 MLN TONNES, VERSUS 702.7 MLN TONNES PREVIOUSLY FORECAST.
*Wheat extends winning streak to five days. Wheat futures rose for the fifth day in a row on bargain buying and improving export demand. Chicago Board of Trade soybeans for August delivery fell 9-3/ 4 cents to $12.22-3/ 4 a bushel.
*Wheat falls after four-day rally. Wheat futures fell in a profit-taking setback after four straight days of gains pushed prices their highest in more than two weeks. At 10:29 a.m. CDT, Chicago Board of Trade soybeans for August delivery were down 10-1/ 2 cents at $12.22 a bushel.
*Corn posts sixth straight weekly loss. "Weather forecasts continue to trend more and more beneficial as we enter the key soy development month," said Matt Zeller, director of market information at INTL FCStone said in a note to clients.
*Corn on track for sixth straight weekly loss. Corn and soybeans fell as the weather forecast turned wetter for some of the drier areas of the U.S.
*Corn, soy, wheat all post monthly losses. "The beans firmed up due to some speculators taking advantage of the weakness earlier in light of the very strong demand we are seeing," said Terry Reilly, an analyst at Futures International in Chicago. Chicago Board of Trade soybeans for August delivery settled up 4 cents at $12.24-1/ 2 a bushel.
*Wheat flat in consolidation trading. *Corn, soy, wheat all on track for monthly losses. "The beans firmed up due to some speculators taking advantage of the weakness earlier in light of the very strong demand we are seeing," said Terry Reilly, an analyst with Futures International in Chicago.
*Soybeans supported by strong demand led by China. Wheat futures were lower but trimmed losses in the wake of a U.S. Agriculture Department announcement showing a wheat sale to Nigeria and a soybean sale to top importer China.
CHICAGO, July 18- U.S. wheat futures fell 3.4 percent on Friday, erasing gains posted a day earlier following the downing of a Malaysian commercial airliner over eastern Ukraine, while Chicago Board of Trade corn futures also declined and soybeans were mostly lower.
*Wheat, corn rise from four-year lows. "The weather continues to be excellent for crop development," Sterling Smith, futures specialist at Citigroup, said in a note to clients. Chicago Board of Trade September corn futures settled 3-3/ 4 cents higher at $3.81-1/ 2 a bushel, snapping a nine-session losing streak.
*Wheat ticks up from four-year lows. "The weather continues to be excellent for crop development," Sterling Smith, futures specialist at Citigroup, said in a note to clients. At 11:24 a.m. CDT, Chicago Board of Trade September corn futures were down 1/ 4 cent at $3.78 a bushel.
Corn and wheat have fallen more than 5 percent this week, while soybeans have lost nearly 4 percent amid market expectations that the U.S. Department of Agriculture will raise its estimates for production and stockpiles.
The Futures Now team discusses concerns about food inflation, and whether the slide in corn and wheat is good news.
*Soybeans firm on bargain buying, exports. *Corn following wheat higher after hitting four-month low. Wheat futures rose on support from short-covering as well as disappointing harvest yields in key hard red winter wheat-growing areas of the U.S.
*Soybeans firm on bargain buying, exports. *Corn following wheat higher after hitting four-month low. Corn followed wheat higher, with short-covering also noted after the front-month contract dropped to a four-month low on Tuesday.
*Soybeans drop below $14, fund selling noted. CHICAGO, June 17- U.S. soybean futures fell 1.6 percent at the Chicago Board of Trade on Tuesday, dropping below $14 a bushel for the first time since March 24, on the easing of pressure on the U.S. balance sheet, traders said.
*Wheat hits lowest since late Feb after firm start. *USDA crop ratings expected to be bearish for corn, soybeans. CHICAGO, June 16- Chicago Board of Trade corn futures dropped 1.3 percent on Monday on expectations of a robust U.S. harvest this fall due to good crop weather across the U.S.
*Wheat up after heavy losses in past 5 weeks. PARIS/ SINGAPORE, June 16- Chicago wheat rose more than 1 percent on Monday in a second day of gain on bargain buying after falling for the last five weeks, while soybeans recovered from last week's 2-1/ 2- month low, underpinned by tight old-crop supplies in the United States.
*Soybeans fall despite USDA cutting 2013/ 14 U.S. stocks. USDA also raised its estimate of global 2014/ 15 wheat production, more than offsetting a cut in the U.S. wheat harvest. USDA lowered its estimate of U.S. 2014 winter wheat output to 1.381 billion bushels, from 1.403 billion in May, reflecting losses in the drought-hit U.S.