Chicago | Reuters — U.S. grain and soybean futures jumped Friday as the U.S. dollar weakened and political unrest in Ukraine raised concerns about potential trade disruptions. The markets rebounded after wheat approached a three-week low on Thursday. Export demand helped lift corn and soybeans, which also dropped on Thursday. Grain traders kept an eye […] Read more
U.S. grains: Prices jump on weak dollar, Ukraine unrest
U.S. grains: Corn, soybeans, wheat rise; profit-taking slams soymeal
Chicago | Reuters — U.S. grain futures edged higher on Wednesday on technical buying, while profit-taking pushed soybean meal futures down sharply after a rally in the previous session. Corn, soybeans and wheat extended sharp gains from Tuesday that were driven by short-covering, strong demand and concerns about cold weather damaging the U.S. wheat crop. […] Read more
U.S. grains: Large global supplies knock down soy, wheat
Chicago | Reuters — U.S. soybean futures tumbled on Wednesday under pressure from expectations that a bumper South American crop will raise global inventories, while large supplies pushed wheat futures to a 3-1/2 year low. Corn futures also declined. Rains in hot, dry areas of Argentina improved the outlook for soybean production by “confining and shrinking […] Read more
U.S. grains: Corn rallies after USDA cuts estimates of output, supply
U.S. corn futures soared to a two-week high on Friday after the U.S. Department of Agriculture shocked traders by cutting its estimates for U.S. corn production and inventories in highly anticipated crop reports. Wheat futures tumbled to their lowest level since July 2010 on larger-than-expected supply forecasts. Traders paid close attention to USDA’s estimates because […] Read more
U.S. grains: Rising global supply, technical selling hit prices
U.S. corn and wheat futures hit fresh contract lows on Thursday on weak export demand and technical selling ahead of U.S. crop reports that are expected to raise supply estimates. Soybean futures were mixed, with Chinese buying helping to support some contracts and offset pressure from rising production prospects worldwide, traders said. Still, expectations for […] Read more
U.S. grains: Soybeans sag on higher supply, U.S. planting outlook
U.S. grain and soybean futures tumbled on Wednesday as traders adjusted positions ahead of crop reports on Friday that are expected to raise U.S. production and global supply estimates. At the Chicago Board of Trade, the front-month wheat contract hit its lowest since May 2012 while the nearby corn contract touched a five-week low. New-crop […] Read more
U.S. grains: Prices sag on positioning before USDA reports
U.S. grain and soybean futures stumbled on Tuesday on projections for the U.S. Department of Agriculture to increase crop production and supply estimates in key reports on Friday. The decline was a turnaround from early gains in the markets that were linked to concerns about bitterly cold U.S. weather hurting dormant wheat crops, stalling grain […] Read more
U.S. grains: Prices rise on bitter U.S. cold, heatwave in Argentina
U.S. grain futures rose on Monday as bitterly cold temperatures threatened to damage dormant wheat crops in the United States and a heatwave put Argentina’s corn harvest at risk. Soybean futures jumped amid technical buying, while soymeal gained on expectations that the brutal U.S. cold will increase demand for livestock feed, traders said. The coldest […] Read more
Lost hooves, dead cattle before Merck halted Zilmax sales
The U.S. beef industry’s dependence on the muscle-building drug Zilmax began unraveling here, on a sweltering summer day, in the dusty cattle pens outside a Tyson Foods slaughterhouse in southeastern Washington state. As cattle trailers that had traveled up to four hours in 95 F (35 C) heat began to unload, 15 heifers and steers […] Read more
U.S. grains: Wheat nears three-month low on bigger-than-expected supplies
U.S. wheat futures approached a three-month low on Tuesday after a government crop report projected that global supplies will exceed analysts’ expectations. Corn and soybean futures slipped on profit-taking following the U.S. Department of Agriculture (USDA) report. Traders had been awaiting the monthly report for an update on global supplies and demand as the United […] Read more
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