CBOT May wheat jumped 13-1/ 2 cents to $4.86-1/ 4 per bushel, its highest since Feb. 4. Soybeans for May delivery surged about 3 percent, or 31-1/ 4 cents, to $9.85-1/ 2 per bushel, the highest since Aug. 10. Rains this month in Argentina slowed the soybean harvest and delayed export shipments, prompting some traders to extend long soybean bets.
CBOT May wheat jumped 11-1/ 4 cents to $4.84 per bushel, its highest since Feb. 2. Soybeans for May delivery gained 2.1 percent, or 20-1/ 4 cents, to $9.74-1/ 2 per bushel, highest since Aug. 11. CBOT May corn rose 2 cents at $3.83 per bushel as of 12:05 p.m. CDT, below their five-month high of $3.86 reached earlier in the session.
CHICAGO, April 18- Wheat futures on the Chicago Board of Trade surged more than 3 percent on Monday, heading for their biggest daily gains since October as investors liquidated a portion of the record-large short stake, traders said. Wheat prices led the way higher, with CBOT May wheat up 16 cents to $4.75-3/ 4 per bushel as of 12:15 p.m. CDT, a roughly two-week high.
*Soy to 8- month high on China demand, Argentina rains. Soybean futures also charged higher, buoyed by chart-based buying and data showing strong demand from China, while wheat followed the firm trend. At the Chicago Board of Trade, May corn settled up 10-3/ 4 cents at $3.73-1/ 2 per bushel after reaching $3.74-3/ 4, the highest spot price since December.
*Soy to 8- month high on China demand, Argentina rains. Wheat and soybeans also charged higher, with soy buoyed by chart-based buying and data showing strong demand from China. At the Chicago Board of Trade as of 12:30 p.m. CDT, May corn was up 9-1/ 4 cents at $3.72 per bushel after reaching $3.74-3/ 4, the highest for a most-active contract since Dec. 21.
*USDA trims domestic soybean inventories. "It's a report with no new bullish news and it's a market that's mature here at the top," said Don Roose, president of Iowa- based broker U.S. Commodities. Most-active May corn gained 6 cents to $3.62-3/ 4 a bushel, and May wheat rose 5-1/ 4 cents to $4.52-1/ 2 a bushel at the CBOT.
The most-active wheat contract on the Chicago Board Of Trade lost as much as 1.5 percent to $4.53-1/ 2 a bushel, its lowest since March 3. It was trading at $4.54-1/ 2 by 0229 GMT. Soybeans rose 0.4 percent to $9.20-3/ 4 a bushel, highest since April 4, while corn fell 0.6 percent to $3.60-1/ 4 a bushel.
SYDNEY, April 8- U.S. wheat steadied on Friday after sharp falls over the previous two sessions, but prices were still set for their biggest weekly slide in more than four months on bleak export demand and better-than-expected winter crop condition. *The USDA's export sales report showed net cancellations of old-crop U.S. wheat totaling 58,100 tonnes in the week...
SINGAPORE/ PARIS, April 7- Chicago wheat edged lower on Thursday, heading for a fourth session of declines on improving condition of the U.S. winter crop, while corn gained more ground to reach a one-week top. The most-active wheat contract on the Chicago Board of Trade dropped 0.2 percent to $4.62 a bushel by 1111 GMT, after closing down 2.3 percent on Wednesday when...
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