Chicago | Reuters –– U.S. corn futures surged 4.1 per cent to their highest levels in nearly three years on Tuesday, supported by planting delays across key growing areas of the U.S. Midwest following heavy rains, traders said. The adverse weather in the Midwest and Plains also fuelled rallies in the soybean and wheat markets […] Read more
U.S. grains: Corn hits three-year high as planting delays prolonged
CBOT weekly outlook: Trade volatile ahead of USDA announcement
MarketsFarm — The Chicago Board of Trade saw “a wild ride of volatility” on Wednesday, following rumours of a U.S. Department of Agriculture farm aid package that could top US$15 billion. The package would include payments of about $2 per bushel for soybeans and four cents per bushel for corn, according to Bloomberg. An official […] Read more
U.S. grains: Corn nears one-year peak as rains stall planting
Chicago | Reuters — U.S. corn futures climbed for a sixth straight session on Monday and touched their highest level in nearly a year as rainy Midwest weather and waterlogged fields stoked concerns about reduced plantings and lower yields for the crop. Wheat jumped to a three-month high on delayed spring wheat planting in the […] Read more
U.S. grains: Corn extends rally, wheat touches six-week high
Chicago | Reuters — U.S. corn futures extended their rally on Friday, jumping to a four-month high, as forecasts of heavy rain sweeping a wide path across the U.S. Midwest next week fuelled concerns about worsening planting delays. Chicago Board of Trade (CBOT) corn prices rose for the fifth session, trading through its 100-day moving […] Read more
U.S. grains: Corn to seven-week high as rain threatens planting
Chicago | Reuters — U.S. corn futures rose on Thursday for a fourth straight session as dismal weather forecasts signalled further planting delays in the Midwest, prompting commodity funds to cover short positions, analysts said. Chicago wheat futures hit a one-month high, led by corn, and soybeans followed the firm trend. Chicago Board of Trade […] Read more
U.S. grains: Corn ends firm, farmer selling pares gains
Chicago | Reuters — U.S. corn futures hit a six-week high on Wednesday on forecasts for rains in the Midwest crop belt that could signal further planting delays, but the market pared gains as the run-up in prices triggered a round of farmer selling, traders said. Wheat futures also ended nearly flat while soybeans closed […] Read more
CBOT weekly outlook: Factors come together to boost prices
MarketsFarm — A combination of three factors have contributed to the bounce in prices at the Chicago Board of Trade, according to Rich Feltes of R.J. O’Brien in Chicago. “It’s the convergence of the middle of May, which is a critical time and the confirmation that planting is not only delayed, but it’s in for […] Read more
U.S. grains: Prices slip as weather outlook favours corn planting
Chicago | Reuters — U.S. grain and soybean futures slumped on Wednesday as forecasts for drier weather in the U.S. Midwest next week fueled hopes that farmers will be able to make progress planting corn after delays. Large inventories of the crops added pressure on the markets, which also remained nervous about trade tensions between […] Read more
Climate change has U.S. fund managers adjusting agriculture investments
New York | Reuters — After historic floods devastated Midwestern agricultural states this spring, some fund managers are evaluating how climate change will affect the long-term value of companies that make or sell products ranging from tractors to fertilizer. The issue is not simply the unpredictability of weather. Instead, fund managers say, they are struggling […] Read more
U.S. grains: Weak export data drags soybeans to new lows
Chicago | Reuters — U.S. soybean futures posted contract lows for a fourth straight session on Thursday after weak U.S. Department of Agriculture (USDA) export sales data and amid ongoing concerns that rain-delayed corn sowing would increase soy plantings. Corn was mixed as spillover pressure from lower soybeans offset support stemming from concerns about delayed […] Read more
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