U.S. corn futures fell on Wednesday for the first time in three sessions as forecasts for mostly dry harvest weather over the next week weighed on the market, though declines were limited by good export demand. Wheat drifted lower for a second day, pressured by sinking corn and improved crop weather in key production areas. […] Read more
U.S. corn eases on forecasts for dry harvest weather
Good crops could lead to plentiful supply in years ahead
Reading Time: 3 minutes Reuters / For much of the past six years, the global grain markets have lurched from one crop crisis to the next, keeping inventories low and food prices high. Now, as harvest machines across the U.S. Midwest prepare to reap the nation’s biggest corn crop in history, a sea change seems imminent, one that could […] Read more
U.S. corn rises from three-year low on short-covering
U.S. corn futures jumped more than one per cent on Tuesday on bargain buying and short-covering after prices for the feed grain hit three-year lows this week. Wheat futures retreated as investors unwound wheat/corn spreads and as an expected move by India to lower wheat export prices threatened to blunt demand for U.S. grain on […] Read more
U.S. soybeans, corn rise as rain to delay Midwest harvest
U.S. soybean futures rebounded from a 20-month low on Monday and corn rose slightly from a 37-month low as rain was expected to stall the Midwest harvest this week followed by frigid weather which could damage crops in some areas. Prices for both commodities, however, remain anchored by expectations for massive U.S. crops this year. […] Read more
U.S. Coast Guard probes grain barge gone adrift
The U.S. Coast Guard is still investigating what caused a grain barge to drift away from its moorings and into the shipping channel on a river in the Pacific Northwest late last week, a Coast Guard spokesman said Tuesday. The 12.8-metre wide, 74.7-metre long barge was later safely retrieved and there was no reported impact […] Read more
U.S. corn jumps 1.5 per cent on spreading, short-covering
U.S. corn futures closed higher on Friday for the first time this week and soybeans ended flat after a choppy trading session as investors squared positions before the weekend and ahead of a monthly U.S. government crop report next week. Scattered rains were forecast for parts of the Midwest farm belt over the coming week, […] Read more
CBOT corn slumps on harvest pressure, soybeans rebound
U.S. corn futures fell for a third consecutive session and hit a three-week low on Thursday as harvest of what looked like a record-large U.S. crop accelerated amid scattered reports of stronger-than-anticipated yields. Soybeans touched a two-week low on spillover pressure from corn, but prices rebounded as a slightly rainier Midwest weather forecast failed to […] Read more
CBOT soybeans plunge on profit-taking, wetter forecast
U.S. soybean futures plunged 2-1/2 per cent on Wednesday, surrendering all of the prior session’s gains in a profit-taking setback amid a slightly better forecast for parts of the Midwest, where dry weather has eroded yields. The oilseed was also pressured by talk that top importer China was planning to auction more soybeans from state […] Read more
CBOT soybeans rally as dry weather threatens U.S. yields
U.S. soybean futures surged more than two per cent on Tuesday as dry weather in key production areas of the U.S. farm belt eroded crop conditions and threatened yield prospects. But corn futures fell more than one per cent on weak cash markets as the harvest crept northward from the southern U.S., where some farmers […] Read more
CBOT corn sinks on profit-taking, rainy forecast
U.S. corn futures retreated on Friday in a profit-taking setback following strong gains a day earlier and on a slightly wetter forecast that could support the Midwest crop’s strong yield potential. Soybeans also eased after a four-day rally, though declines were limited by strong export demand, highlighted by government confirmation of another large sale to […] Read more
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