U.S. corn futures rallied nearly four per cent on Thursday and soybeans rose two per cent to a three-week high as forecasts for hot, dry weather in parts of the Midwest fueled concerns about lower crop yields. Strong export sales of both commodities and a government report that showed farmers planted less corn and soybeans […] Read more
CBOT corn surges as dry weather fuels short-covering
Drier U.S. Midwest weather forecast lifts corn, soybeans
U.S. soybean rose for a third consecutive day on Wednesday, and corn rebounded from steep losses the previous session as weather forecasts for the Midwest turned drier, threatening yields for the developing crops. Autumn-harvest soybean prices tested Tuesday’s 2-1/2-week high while corn rebounded from the sharpest drop in six weeks in the previous session. Drier […] Read more
Chicago corn plunges as record-large U.S. harvest looms
U.S. corn futures slid more than three per cent on Tuesday, surrendering all of the prior day’s gains as investors shifted their focus from Monday’s low U.S. government corn yield estimate to its forecast for a record-large harvest and plentiful stockpile next season. New-crop December corn fell to a near-three-year low as technical selling propelled […] Read more
Chicago soybeans surge as USDA cuts crop, stocks forecasts
U.S. soybean futures rallied more than three per cent on Monday after the U.S. government made deeper-than-expected cuts to its forecasts for production and end-of-season stocks and as a dry spell in the Midwest suggested yields could drop even further. Corn futures added more than two per cent after the U.S. Department of Agriculture cut […] Read more
GRAINS: corn, soy drop for 2nd day on wetter Midwest forecast
U.S. corn and soybean prices retreated for the second straight day on Thursday as forecasts for milder temperatures and slightly more rain across much of the Midwest lessened worries about crop damage. Slight adjustments to weather forecasts have steered the grains markets recently. Corn has been jarred most because the crop will be pollinating in […] Read more
Grains-U.S. corn drops 1.7 per cent on rainier Midwest forecast
U.S. corn prices fell 1.7 per cent on Wednesday as weather models suggested the coming weeks could be rainier than previously thought in the grain belt, easing some fears about heat and dryness. Soybeans were mixed as the more favorable weather outlook pressured post-harvest prices while strong processor demand and thin nearby stocks underpinned the […] Read more
Fall-harvest corn plunges as USDA shocks with acres jump
U.S. futures prices for corn to be harvested this autumn plunged more than five per cent on Friday to the lowest point in more than a year after the U.S. Department of Agriculture said farmers have planted two million more acres of the crop than expected. Favourable crop weather around the U.S. Midwest reassured investors […] Read more
New-crop U.S. corn down for sixth straight day on good weather
U.S. futures for corn delivered after the autumn harvest fell one per cent on Thursday, the sixth consecutive decline, as favourable weather across the U.S. Corn Belt should help the newly sown crop. Wet weather, which had delayed spring planting of corn, was now being viewed as positive for crop growth and development, potentially boosting […] Read more
U.S. nearby corn, soy gain on thin stocks
Nearby U.S. corn futures rose for a second straight session on Wednesday and spot soybean futures climbed for a third day as traders adjusted positions before an end-of-week U.S. Department of Agriculture report that was expected to confirm the tightest U.S. grain stocks in years. USDA will also update its U.S. acreage estimates on Friday, […] Read more
U.S. soybeans rise on tight supplies, firm cash markets
U.S. soybean futures rose for a second straight session on Tuesday, supported by firm cash prices amid persistent demand from domestic processors for razor-thin supplies remaining from last year’s drought-hit harvest. Corn prices were mostly lower, with new-crop values down for a fourth consecutive session, as favourable weather across much of the Midwest was expected […] Read more
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