Chicago | Reuters — U.S. corn futures fell to new contract lows for the third straight day on Thursday as lower-than-expected weekly export sales and abundant supplies weighed on the market. Soybeans also declined on disappointing weekly U.S. Department of Agriculture export sales data and as improving crop weather in Brazil raised prospects that the […] Read more
U.S. grains: Corn sinks to contract lows
U.S. livestock: Live cattle mostly lower as beef prices ease
Chicago | Reuters — U.S. live cattle futures were mostly lower on Monday, pressured by weaker beef prices and expectations that cash cattle at Plains feedlot markets would trade at lower prices this week, traders said. Chicago Mercantile Exchange December live cattle ended steady at 120.575 cents, while actively traded February futures fell for a […] Read more
U.S. grains: Corn hits new lows after USDA projects record U.S. yield
Chicago | Reuters – U.S. corn futures plunged to contract lows on Thursday after the U.S. Department of Agriculture projected a bigger-than-expected 2017 U.S. harvest because of a record-large average yield that topped even the highest trade forecasts. Soybeans also dropped as the USDA left its 2017 yield outlook unchanged despite widespread expectations for a […] Read more
U.S. grains: Winter wheat mixed; corn, soy firm ahead of USDA report
Chicago | Reuters – U.S. winter wheat futures ended mixed on Wednesday while soybeans and corn closed slightly higher as traders squared positions ahead of a monthly U.S. Department of Agriculture crop supply and demand report due out on Thursday, traders said. Short covering buoyed corn and wheat late in the day, offsetting earlier declines […] Read more
U.S. grains: U.S. wheat falls on improving crop conditions, firmer dollar
Chicago | Reuters – U.S. wheat futures fell on Tuesday after a weekly government report said the recently planted winter crop was in better-than-expected shape and as a firming dollar created a headwind for the grain in export markets. Corn prices eased along with sinking wheat as pressure from an advancing U.S. harvest and large […] Read more
U.S. grains: Soybeans rise as USDA report looms, soyoil rallies
Chicago | Reuters – U.S. soybean futures rose on Monday for the third time in four sessions on expectations that the government will cut its U.S. crop yield estimate in a monthly report this week and as soyoil prices rallied along with rising energy markets. Soyoil futures posted their strongest gains in 1-1/2 weeks as […] Read more
U.S. grains: Corn rises to one-week high on exports
Chicago | Reuters — U.S. corn futures climbed to a one-week high on Thursday on bargain buying and improving export demand, although gains were limited by reports of higher-than-anticipated U.S. harvest yields. Soybeans rose for a second day and notched a two-week high as expectations of lower U.S. yields and rising demand from China supported […] Read more
U.S. grains: Wheat falls to contract lows on technical selling
Chicago | Reuters –– U.S. wheat futures fell to contract lows on Tuesday as technical selling pressure dragged prices lower for a fifth straight session. Chart-based selling accelerated as prices slipped below the prior day’s two-month low, more than offsetting supportive news of a large export sale to Iraq and a government report showing the […] Read more
U.S. grains: Soybeans retreat on Brazil rains, technical selling
Chicago | Reuters — U.S. soybean futures turned lower on Monday on forecasts for crop-boosting rains in some areas of Brazil and as technical selling and month-end positioning weighed on the market. Corn was narrowly mixed and wheat futures fell for a fourth straight session, with some wheat contract months hitting fresh contract lows. Prices […] Read more
Soaring river freight hits U.S. farmers
Chicago | Reuters — U.S. farmers are running out of options for their just-harvested corn and soybeans as delays on the Mississippi River, the main conduit for crops to export markets, cause shipping backlogs, while grain storage on the river’s banks is filling up. Low river levels and backups at aging locks have slowed navigation […] Read more
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