The CME Group made it clear at a meeting on Tuesday that the exchange would go ahead with plans to raise the daily trading limits on corn futures despite strong opposition from many grain-handling companies. The CME’s request to raise the trading limit to 40 cents from the current 30 cents is under review by […] Read more
CBOT corn limit likely to move to 40 cents a bushel
U.S. Soybean Supplies Shrinking
Reading Time: 3 minutes A drought in South America, relentless buying of soybeans by China and steady demand from crushers is shrinking U. S. soybean supplies at an alarming rate and unless exports fade, prices could head even higher. Chicago Board of Trade soybean futures soared to a 7-1/2-month high of $11.69-1/2 per bushel last Tuesday “I don’t think […] Read more
DuPont Express
Reading Time: 2 minutes The Obama administration’s call March 10 for an increase in the amount of ethanol to be used in gasoline in the United States is a positive sign for corn growers but it probably will not boost seedings or corn prices this year. “It’s pretty good news for corn growers and will at least keep farmers […] Read more
Resurgent Grain Rally May Stoke U. S. Food Prices
Reading Time: 2 minutes “Now they’ve cut back the herd size to the point the supply is genuinely limited, and we certainly cannot expect lower food prices in this environment” Aresurgent U. S. grain market, stoked by drought in South America, spells more financial troubles for struggling meat producers and higher food prices for consumers already pinched by the […] Read more
Global glut of wheat to weigh on prices — panel
Reading Time: 2 minutes A global glut of wheat will weigh on wheat and corn prices while tighter stocks of soybeans should provide life to the soybean market, a CME Group panel of grains analysts said last Monday. “There is plenty of wheat around. The world estimate is more interesting and it shows ample supplies,” said Jack Scoville, analyst […] Read more
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