Karl Plume

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 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

U.S. soybean futures hit a three-week high on Monday as adverse weather threatened production in Argentina and southern Brazil, two of the world’s top suppliers, but prices later slipped on spillover pressure from sinking corn and wheat prices. The first U.S. wheat purchase by Egypt’s state buyer since April fuelled early gains, but prices turned […] Read more

U.S. corn futures fell 1.2 per cent on Friday as the Midwest harvest progressed at a record pace and after private forecaster Informa Economics raised its yield and production estimates for the drought-hit 2012 U.S. crop. Soybean futures finished unchanged as support from solid demand, including China buying 180,000 tonnes, faded amid pressure from a […] Read more

U.S. soybean futures rebounded from a three-month low on Wednesday in a technical-buying and bargain-hunting bounce after tumbling nearly US$3 a bushel from record highs set a month ago. Soybeans had slumped to just above US$15 a bushel, dragged down by persistent reports of higher-than-expected yields and fund liquidation. But buy-stops kicked in, sending the […] Read more

U.S. soybean futures fell for a second straight day on Tuesday, sliding nearly two per cent to a three-month low as the record-fast U.S. harvest and better-than-expected yields weighed down prices along with spillover pressure from plunging palm oil prices. Soybeans had pared early-session lows as the steepest two-day drop in two weeks triggered light […] Read more

U.S. soybean futures tumbled more than 2.5 per cent on Monday, reversing similar gains from the previous session, as a record-fast harvest pace and reports of larger-than-expected yields pressured prices. Wheat futures dropped two per cent, the fifth decline in six sessions, in a profit-taking setback and as rain forecast for the drought-parched U.S. Plains […] Read more

U.S. corn futures fell to a three-month low on Thursday and wheat slid to a 2-1/2 month low, both sinking for a fourth straight day, pressured by technical selling and fund liquidation ahead of a government grain stocks report on Friday. Soybeans eased, weighed down by spillover pressure from sinking grains, although worries about tight […] Read more