U.S. new-crop corn prices fell for a third straight session on Monday as favourable growing weather across the midwestern United States reinforced the prospect of a record-large harvest this year. New-crop soybeans also slumped for a third day, but declines were more tempered than in corn as rain in parts of the western Corn Belt […] Read more
Good crop weather pressures U.S. corn, soy
Tight supplies support front-month U.S. corn, soy futures
Front-month U.S. corn and soybean futures rose on Wednesday on concerns that supplies will dwindle before the next harvest, while deferred contracts sank. Inventories of crops left over from last year’s drought-reduced harvest are scarce ahead of the autumn harvest. Rain-delayed planting this spring will likely mean a late harvest, so supplies will need to […] Read more
U.S. soybeans drop on profit-taking, technical selling
Nearby U.S. soybean futures fell on Friday for the first time in seven sessions and spot corn futures eased after two days of gains as investors squared positions ahead of the three-day U.S. Memorial Day holiday weekend. Deferred contracts of both commodities posted modest gains in thin trading volume. Wheat prices declined on profit-taking following […] Read more
U.S. soybeans rise for sixth straight day on thin supplies
U.S. soybean prices rose for a sixth consecutive session on Thursday and struck an eight-month high as the dwindling cash supply left from the drought-plagued 2012 harvest sparked commercial buying in futures. Chicago Board of Trade (CBOT) wheat futures leaped more than two per cent, advancing for the second day in a row, with a […] Read more
U.S. corn, soy slide on big USDA stocks view
U.S. corn futures fell about two per cent on Friday after the government forecast a record crop that would bolster U.S. stocks to more than two billion bushels at the end of next season, above trade expectations, despite reduced yields due to late planting. Soybean futures slid modestly, halting a three-day rally, as the U.S. […] Read more
Eight Mississippi River locks to close due to flood
Eight Mississippi River locks between Muscatine, Iowa, and Clarksville, Missouri, were expected to close beginning on Friday as the rain-swollen waterway rises above flood stage, the U.S. Army Corps of Engineers said Thursday. Corn and soybean prices at Gulf of Mexico export terminals jumped by at least US10 cents a bushel as the closures of […] Read more
U.S. soybeans jump on tight supplies, wheat rally stalls
U.S. soybean futures bucked early profit-taking pressure and rallied to a three-week high on Wednesday on tight U.S. supplies and a stronger cash market. Wheat shed earlier weather-fueled gains, overcome by technical selling and spillover pressure from a higher dollar and lower outside markets. Corn futures ended mixed. Profit-taking pressured old-crop values, but new-crop corn […] Read more
Labour talks at U.S. Northwest grain ports stall
Contract talks between a group of U.S. Pacific Northwest grain exporters and a dockworkers’ union remained stalemated on Monday after the first bargaining session in three months, aided by a federal mediator, broke down on Friday. A second meeting scheduled for Saturday was canceled. No further talks were scheduled between the International Longshore and Warehouse […] Read more
U.S.-bound Ont. corn seen over million-tonne mark
Canadian corn is flowing to U.S. ethanol plants and feed suppliers in larger than usual volumes, with up to one million tonnes expected in 2012-13, as a large Ontario crop backfills demand after last year’s severe U.S. drought. Canada is normally a net importer of corn, feeding Eastern Canada’s pigs and poultry and supplying Ontario […] Read more
U.S. wheat gains for sixth day on rising demand
U.S. wheat futures rose for a sixth straight session on Thursday on robust demand from domestic livestock feeders and exporters, which booked their biggest weekly sales in two years last week. Corn prices climbed for the fifth time in six sessions, supported by concerns about tight old-crop supplies and a weaker U.S. dollar, which makes […] Read more
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