Chicago | Reuters — Chicago corn rose on Friday after a U.S. Midwest crop tour found storm damage across top corn-growing state Iowa. Meanwhile, soybeans ended lower as tropical storms in the U.S. Gulf offered hope for much-needed rain in parts of the Midwest, offsetting strong export demand. And wheat rallied late in the day […] Read more
Tag Archives Pro Farmer
U.S. grains: Corn gains as Iowa yields falter on storm damage
Soybeans even near seven-month high; wheat down slightly on Russian yield forecast
Minnesota fields thrive, Iowa storm damage continues on crop tour
Chicago | Reuters — Scouts on an annual U.S. Midwest crop tour continued to see fields battered by an Aug. 10 derecho storm in central Iowa on Thursday, with corn stalks snapped and ears littering the ground due to the hurricane-like winds. In Iowa, crop prospects swung wildly from field to field, according to scouts […] Read more
Storm and drought impacts on Iowa corn seen in crop tour
Chicago | Reuters — A clearer picture of damage to crops in the path of last week’s derecho storm emerged on Wednesday, as crop scouts on an annual tour scrambled across blown-over corn stalks and wind-battered soybean fields in Illinois and Iowa. Iowa officials on Tuesday warned much of the crop in the path of […] Read more
U.S. grains: Corn retreats from month high on clearer crop outlook
Soybeans ease after seven-month high
Chicago | Reuters — U.S. corn futures ended lower on Tuesday after hitting a five-week high on Monday as higher yields estimated on an annual Midwest crop tour tempered concern about storm damage across the Corn Belt. Soybean futures declined but held near Monday’s multi-month high as concerns over dry Midwest weather offset better-than-expected crop […] Read more
U.S. grains: Soybeans up on yield uncertainty
Chicago | Reuters — U.S. soybean futures closed higher on Wednesday on technical buying and uncertainty about U.S. yield prospects, analysts said. Corn and wheat futures also firmed, steadying after the benchmark contracts for both grains dipped to three-month lows. Chicago Board of Trade November soybean futures settled up 4-3/4 cents at $8.73 per bushel […] Read more
Farmer’s threat prompts USDA to pull staff from crop tour
Henry County/Chicago | Reuters — The U.S. Agriculture Department said on Wednesday it had pulled all staff from an annual crop tour after an employee was threatened, and three sources said the threat came over the phone from an angry farmer. Farmers have complained this month that a government crop report did not reflect damage […] Read more
CBOT weekly outlook: U.S. grain traders watch yields, demand
MarketsFarm — Soybean and corn prices on the Chicago Board of Trade remain at the behest of geopolitical pressures and questionable crop yields. Terry Reilly, a grains analyst with Futures International in Chicago, said traders are keeping a close eye on the U.S. Pro Farmer tour throughout the eastern Corn Belt region. The tour has […] Read more
U.S. grains: Wheat slides on global supplies, drags corn lower
Chicago | Reuters — U.S. wheat futures fell to a three-month low on Tuesday, pressured by ample global supplies and technical selling, analysts said. Corn futures also hit a three-month low, turning down as wheat sagged and storms brought crop-friendly rains to the Midwest. But soybean futures clung to modest gains, supported by declining U.S. […] Read more
U.S. grains: Corn, soybeans slide on beneficial weekend rains
Chicago | Reuters — U.S. corn futures fell 1.6 per cent on Monday and soybean futures also declined after much-needed rains crossed dry areas of the Corn Belt over the weekend, bolstering crop production prospects, analysts said. Wheat followed the softer trend. Chicago Board of Trade December corn settled down 6-1/4 cents at $3.74-1/2 per […] Read more
U.S. grains: Wheat, corn drop to contract lows
Chicago | Reuters — U.S. wheat and corn futures dropped to life-of-contract lows on Monday, weighed down by technical selling and abundant global supplies, traders and analysts said. Chicago Board of Trade September wheat futures fell about 2.4 per cent, settling down 9-1/2 cents at $4, in a bear-spreading decline as some investors dumped spot […] Read more
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