U.S. wheat futures rose on Wednesday for the seventh straight session, the longest rally since July, as stronger U.S. export prospects and record-low crop conditions triggered a rebound from an early dip even as other commodity markets tumbled. Rising wheat prices helped lift corn futures to a narrow gain in the third day of gains, […] Read more
U.S. wheat up for seventh day on drought concerns
U.S. wheat posts biggest gain since Sept. on crop rating
U.S. grains staged a sharp rally on Tuesday amid a fresh inflow of investment money near month’s end, with wheat posting its biggest daily gain since September on a sharply reduced assessment of the fledgling U.S. Plains wheat crop. Record-low wheat condition ratings due to very dry soils underlined supply fears following a string of […] Read more
U.S. wheat, corn dive on poor exports, profit-taking
U.S. grain futures dived on Friday, with wheat falling 3.3 per cent for the biggest loss in more than a week, on the lowest export sales in months and traders locking in profits after big gains earlier this week. Soybean futures also dipped, posting their fourth straight weekly decline, one day after the U.S. Agriculture […] Read more
U.S. corn jumps as USDA cuts stocks estimate
U.S. corn futures surged five per cent to a three-week high on Thursday after the U.S. Agriculture Department slashed its forecast for global ending stocks and estimated the drought-plagued U.S. crop will be the smallest in six years. The government narrowly increased the number of U.S.-harvested corn acres, keeping the door open for further declines […] Read more
U.S. hogs at one-week high despite huge slaughter
U.S. hog futures jumped to a one-week high on Friday, gaining for the week for the first time since mid-July, on ideas that the downtrend in cash prices may be about over. The higher hog market occurred despite this week’s hog slaughter being largest in four and a half years. Gains were most pronounced in […] Read more
Pro Farmer tour puts corn and soy yields under USDA’s
This summer’s historic drought ravaged corn and soybean production around the U.S. Midwest more than the government is predicting, Pro Farmer said on Friday. The farm newsletter predicted U.S. corn and soybean harvest would fall below the U.S. Agriculture Department’s most recent outlook. If their forecast is realized, the size of both crops would be […] Read more
U.S. corn jumps near daily limit as crop withers
U.S. corn futures rose Monday by as much as the daily 40-cent trading limit, then settled within striking range of the record high of nearly $8 per bushel, as an unrelenting drought took further toll on the crop. The U.S. Agriculture Department, in a weekly report after the close of trading, cut its corn crop […] Read more
ADM to close North Dakota ethanol plant
Reading Time: 2 minutes Archer Daniels Midland said Feb. 6 it will close its ethanol plant in Walhalla, North Dakota, marking the first such closure for the agribusiness giant that last month announced the elimination of 1,000 jobs. The plant will permanently close in April, resulting in the loss of 61 jobs. ADM will supply its customers with ethanol […] Read more
ADM to shut North Dakota ethanol plant in April
Archer Daniels Midland on Monday said it will close a North Dakota ethanol plant near the Manitoba border, marking the first such closure for the agribusiness giant that last month announced the elimination of 1,000 jobs. The facility at Walhalla, N.D., about 30 km south of Winkler, Man., will permanently close in April, resulting in […] Read more
Ohio Wheat Acres Expected To Drop To Record Low This Year
Reading Time: 2 minutes Wheat plantings could fall to a record low this year in Ohio despite a record-high insurance price guarantee, as incessant rains stalled wheat seedings in the top growing state of the soft red winter variety. Wheat acres left fallow this winter are likely to be planted with corn in the spring, crop experts said, as […] Read more
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