Chicago December corn futures settled below $4 and hit a contract low on Wednesday as favorable U.S. crop prospects weighed and farmers began selling their hefty supplies of old crop corn, traders said.
U.S. grains: Chicago corn falls below $4 on beneficial weather
CBOT weekly: Good weather weighs on soybeans/corn, with more room to downside
A lack of any major weather concerns kept soybean and corn futures at the Chicago Board of Trade trending lower during the last week of July, with many months hitting contract lows.
Manitoba Crop Report: Early crops ready for harvest
Fields across Manitoba saw variable amounts of precipitation as crops continued to develop under hotter temperatures during the week ended July 28, according to the province’s weekly crop report.
U.S. grains: Soy tumbles to 2020 lows as rains seen aiding US crops
Chicago soybean prices plunged on Monday to the lowest since October 2020, as forecasts for rain in the U.S. crop belt alleviated concerns over the potential impact on crop yields from hot and dry weather.
U.S. grains: Soy tumbles as U.S. rain forecast offers relief
Chicago Board of Trade soybean and corn futures plunged on Friday but were set for weekly gains, as weather forecasts indicated positive news for crops in the central United States.
U.S. grains: Corn and soybeans rise on hot, dry weather concerns
Chicago | Reuters – Chicago soybeans and corn strengthened on Thursday as worries about the August weather forecast in the central U.S. took centre stage. Meanwhile, slow demand and cheap Russian exports pressured wheat as a crop tour in North Dakota forecast high spring yields in the United States, according to analysts. Hot, dry weather […] Read more
Feed Weekly: Crops still in ‘relatively good condition’
The hot and dry weather present in much of the Prairies for much of July may not have yet put a dent in production numbers. Matt Beusekom, trader for Market Place Commodities in Lethbridge, Alta., said while the heat is pressuring crops, good harvests are still expected for now. “(The heat) has definitely had an […] Read more
U.S. grains: Chicago grains firm as forecasts call for hot, dry weather
Chicago wheat and corn gained strength on Wednesday as the market monitored a hot, dry spell forecast in parts of North America, but gains were capped by sizeable global supplies.
CBOT Weekly: Weather, fund buying raises prices
Despite the majority of all three major United States crops being in good to excellent condition, hot weather and speculative fund buying have lifted prices at the Chicago Board of Trade (CBOT).
Manitoba Crop Report: Crops grow with additional heat
Warmer conditions helped crops across Manitoba advance in their development during the week ended July 21, according to the province’s weekly crop report.
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