Chicago | Reuters — U.S. corn futures retreated from an earlier one-year high and fell nearly three per cent on Tuesday on technical selling and forecasts for crop-friendly weather in the U.S. Wheat futures also were lower, pressured by the advancing winter wheat harvest. Soybean futures were little changed as a Monday report of a […] Read more
U.S. grains: Corn tumbles from year high on drier weather outlook
U.S. grains: Corn hits one-year high on supply outlook, crop conditions
Chicago | Reuters — U.S. corn futures rose on Monday for the fifth straight session, hitting a one-year high on better-than-expected demand and as heavy rains limited the yield potential of the new crop. The U.S. Department of Agriculture, in a monthly report issued Friday, surprised investors, showing corn and soybean supplies at levels smaller […] Read more
U.S. grains: Corn sets one-year highs on tighter old-crop U.S. supply
Chicago | Reuters — U.S. corn futures reached one-year highs and soybeans jumped on Friday as the U.S. Agriculture Department made bigger-than-expected cuts to its estimates for stocks of crops left over from last year’s harvests. The reductions, revealed in a monthly USDA report, added to concerns about supplies among traders worried that persistent rains […] Read more
U.S. old-crop soy, corn stocks miss forecasts
Washington | Reuters — The U.S. Agriculture Department on Friday cut its outlook for the supply of corn and soybeans that will be left over at the end of the 2014-15 marketing year by more than expected, sending futures prices sharply higher. But new-crop corn and soybean stocks came in above expectations due to large […] Read more
U.S. grains: Soybeans, corn rally ahead of USDA report
Chicago | Reuters –– Chicago Board of Trade soybean futures surged 2.9 per cent on Thursday on concerns that more rain in the U.S. Midwest would hinder crop development, traders said. Corn futures followed soybeans higher. Expectations that the U.S. Agriculture Department will trim its production forecast for both commodities in its monthly supply and […] Read more
CBOT weekly outlook: Choppy, two-sided trade ahead for corn, soy
CNS Canada — Chicago Board of Trade corn futures chalked up slight gains for the week ended Wednesday, while soybean futures posted steep losses on volatile trading. Sean Lusk, director of the commercial hedging division for Walsh Trading in Chicago, said there are growing worries about the quality of the corn crop due to excess […] Read more
U.S. grains: Soybeans rise in rebound from one-week low
Chicago | Reuters –– U.S. soybean futures rose from a one-week low on Wednesday on bargain buying and renewed concerns about excessive rains hurting U.S. production, while wheat tumbled on poor export demand. Corn futures ended near unchanged. Forecasts for more unwanted storms in parts of the U.S. Midwest lifted soybeans after weeks of heavy […] Read more
For Chicago futures traders, one final round in the ring
Chicago | Reuters –– A few dozen Chicago traders donned their multicoloured jackets to trade soybean and Eurodollar futures the old-fashioned way one last time on Monday, marking the end of 167 years of open-outcry trading in the city where it was born. Barring a last-minute delay by U.S. regulators, CME Group ended most of […] Read more
U.S. grains: Corn, soy slip on improved U.S. weather, Greece jitters
Chicago | Reuters –– U.S. corn and soybean futures dropped on Monday as lighter-than-expected U.S. rainfall eased fears about soggy Midwest crops while worries over Greece and China led investors to shun many commodity markets. Corn prices pulled back from 2015 highs notched last week after heavy Midwest rains raised crop concerns and following a […] Read more
No need seen for new EU rules to protect butterflies from GM crops
Brussels | Reuters — European food safety officials found there was no need to widen buffer zones around genetically modified (GM) crops even though research shows pollen from GM maize can travel kilometres further than previously thought. The buffer zones to protect vulnerable species, such as butterflies, have been part of heated debate in Europe […] Read more
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