Insights and Stories on MGEX

Jun. 21, 2017 at 4:37 pm CDT

Chicago | Reuters — Chicago wheat futures fell nearly two per cent on Wednesday, after hitting their highest level in a year as traders assessed the extent to which hot, dry weather would dent a global market laden with record inventories. Corn and soybean futures declined as forecasts called for […]

By Julie Ingwersen

Jun. 20, 2017 at 4:47 pm CDT

Chicago | Reuters — U.S. spring wheat futures set fresh 2-1/2-year highs on Tuesday as a further decline in spring wheat condition ratings surprised traders and coincided with concern about damage to French wheat from a heat wave. But corn and soybean futures fell on improving U.S. crop weather, coupled […]

By Julie Ingwersen

Jun. 19, 2017 at 5:43 pm CDT

Chicago | Reuters — U.S. corn futures fell more than two per cent on Monday on forecasts for mostly benign weather in the Midwest as the crop heads into its pollination phase next month, analysts said. Corn closed near its session lows and appeared to drag down soybeans as well. […]

By Julie Ingwersen

Jun. 16, 2017 at 3:38 pm CDT

Chicago | Reuters — Chicago Board of Trade wheat futures rallied 2.6 per cent on Friday to their highest in nearly a year, with concerns about shortfalls in the U.S. crop sparking a round of short-covering by investment funds, traders said. Corn futures also were higher, but forecasts for rain […]

By Mark Weinraub

Jun. 14, 2017 at 6:57 pm CDT

Chicago | Reuters — U.S. grain and soy futures were mostly lower on Wednesday, with MGEX spring wheat declining from an earlier 2-1/2-year high on pressure from technical selling and forecasts for crop-friendly rainfall, traders and analysts said. Chicago Board of Trade corn futures declined the most as scattered rains […]

By Michael Hirtzer