U.S. soybean futures tumbled 2.3 per cent on Friday after the U.S. Department of Agriculture raised its forecast for global supplies at the end of the September-to-August marketing year above trade expectations, as a cut to Argentina’s crop was offset by a rise in Brazil’s. Corn pared earlier gains and closed lower on spillover weakness […] Read more
U.S. soy drops on bearish government supply view
U.S. live cattle drop on beef output forecast
Chicago Mercantile Exchange (CME) live cattle futures tumbled on Friday after the U.S. Department of Agriculture sharply raised its 2013 beef production forecast and cash cattle traded at lower-than-expected prices, traders and analysts said. Futures were further pressured by concerns that a severe snowstorm in the heavily populated U.S. northeast would hurt beef demand. "USDA […] Read more
U.S. live cattle futures, lean hogs end mixed
Chicago Mercantile Exchange (CME) live cattle futures closed mixed on Thursday as early technical-selling pressure faded, but the market remained anchored by weak beef prices and poor packer margins, traders and analysts said. Hopes for higher cash cattle prices in the southern Plains this week supported the thinly traded spot contract, but bids and offers […] Read more
U.S. corn tumbles on weak demand, Brazil outlook
U.S. corn fell for a fifth straight session on Thursday and hit a four-week low as Brazil’s government forecast a record-large harvest this year, suggesting U.S. exports would face another year of stiff competition from the world’s No. 2 supplier. Soybean futures rebounded from earlier declines after the U.S. Department of Agriculture reported stronger-than-expected export […] Read more
U.S. corn, soy drop on profit-taking, Argentine weather
U.S. soybean futures slid on Wednesday, breaking a three-session rise, and corn fell for a fourth straight day on profit-taking ahead of a government crop report on Friday and as some weather forecasts suggested a wetter trend in Argentina next week. Wheat rebounded from a 3-1/2 week low after dropping for four consecutive sessions in […] Read more
Wetter Argentine forecast pressures U.S. corn
U.S. corn futures dropped for a third straight session on Tuesday because of sluggish demand and expectations for wetter weather in world No. 3 exporter Argentina. Soybean prices rebounded from an earlier profit-taking slump on technical buying and some concerns that the still-developing South American crop may shrink further if the weather worsens. Wheat dropped […] Read more
U.S. soy hits seven-week high amid Argentina dryness
U.S. soybeans rose one per cent on Monday to a seven-week high on steady export demand and as unfavourable weather in South America slowed the harvest in northern Brazil and threatened crops in Argentina. Corn fell for a second consecutive session on concerns about demand after a government report showed export inspections last week were […] Read more
U.S. soy drops on profit-taking
U.S. soybean futures turned lower on Thursday on profit-taking, after hitting a six-week high on Wednesday, as forecasts for better crop weather in South America eased concerns about harvest delays and production losses there. Corn posted an eight-week high overnight, tumbled along with soybeans as investors pocketed profits, then rallied back on late-session fund buying […] Read more
U.S. corn, soybeans slide on profit-taking
U.S. corn futures fell to a 2-1/2-week low on Friday in the steepest slide in nearly a month, pressured by technical selling and concerns that stockpiles are growing as elevated prices blunt demand. Soybeans retreated from one-month peaks and posted their biggest drop in three weeks on chart-based selling and profit-taking following four days of […] Read more
U.S. corn drops on poor exports
U.S. corn futures eased on Thursday on concerns about sluggish demand after a report showed last week’s export sales were well below expectations, although spillover support from a late-day rally in soybeans helped the market close above session lows. Soybeans finished at a one-month high in a late technical and fund-buying surge. They rallied early […] Read more