U.S. soybean meal futures extended a steep slide on Friday amid waning demand for the livestock feed, while corn futures stabilized after sharp losses this week. Soymeal continued its free fall after closing down the daily, $20 trading limit for the past two days. End-users are reducing their purchases of expensive old-crop soybeans, which are […] Read more
GRAINS: Nearby soymeal extends slide, while corn steadies
GRAINS-Soybeans, soymeal drop by daily trading limits
U.S. soybean and soybean meal futures plunged by their daily trading limits on Wednesday as cash bids for the oilseed collapsed across the Midwest and buyers retreated from the markets. Farmers helped fuel the slide by selling some of their scarce old-crop soybeans to take advantage of nearby prices that are higher than those for […] Read more
GRAINS-Soybeans sink nearly 4 pct; corn hits 2-1/2 year low
U.S. soybean futures tumbled on Tuesday as cash basis bids weakened in key locations in the U.S. Midwest and farmers sold some of their scarce old-crop supplies. Corn futures also came under pressure, with the new-crop contract falling to its lowest level in more than 2-1/2 years as forecasts for nearly ideal weather during the […] Read more
GRAINS-Soymeal climbs daily limit on tight supply; corn sags
U.S. soybean meal futures rose by the daily trading limit to a new contract high on Monday as processors scrambled to obtain scarce supplies of the oilseed. But new-crop U.S. corn futures fell for the fifth time in seven sessions as much of the Midwest benefited from weekend showers and more rain is expected at […] Read more
Profit-taking, weather pressure new-crop U.S. corn, soy
New-crop U.S. soybean and corn futures sank on Friday as updated weather forecasts scaled back the threat of hot and dry weather in the Corn Belt and traders took profits following recent gains. Nearby July contracts expired after gyrating in extremely volatile trading. At the Chicago Board of Trade, November soybeans, representing the crop that […] Read more
Kansas City traders begin new chapter as wheat pits move north
Forget the culture clash, the Chiefs-versus-Bears football debates and fierce arguments over who has the better beef. When U.S. hard red winter wheat futures and options contracts begin trading in Chicago on Monday after a century-and-a-half legacy in Kansas City, the change may pass all but unnoticed, save for tweaks on wall boards displaying prices […] Read more
U.S. corn, soy soar as wetter forecasts threaten planting
U.S. corn and soybean futures soared on Friday on worries that wetter-than-expected weather next week will extend planting delays and reduce output for the autumn harvest. Planting remains slow across the U.S. Midwest due to soggy conditions, with further disruptions expected from another round of rain that agricultural meteorologists forecast to start this weekend. More […] Read more
Planting worries support U.S. soybean futures
U.S. soybean futures trimmed losses and deferred contracts ended higher on Thursday on concerns a return of wet weather will cause more planting delays. Corn futures also closed higher. New-crop soybeans have been under pressure for the past two days on expectations that drier conditions would accelerate planting after weeks of rain delays. However, showers […] Read more
Tight supplies support front-month U.S. corn, soy futures
Front-month U.S. corn and soybean futures rose on Wednesday on concerns that supplies will dwindle before the next harvest, while deferred contracts sank. Inventories of crops left over from last year’s drought-reduced harvest are scarce ahead of the autumn harvest. Rain-delayed planting this spring will likely mean a late harvest, so supplies will need to […] Read more
U.S. corn, soy fall on expectations for planting progress
Deferred U.S. corn and soybean futures stumbled on Tuesday as forecasts for a pause in rainy weather raised expectations that farmers will follow through on plans for massive plantings. Traders are keeping a close eye on the weather because cool, wet conditions have slowed planting so far this spring, fueling fears that farmers would not […] Read more
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