Chicago corn futures extended gains on Tuesday on short-covering and U.S. crop condition questions, while soybean prices also turned higher on technical trading and unfavorable weather in some soybean growing areas of the central U.S., traders said.
U.S. grains: Corn, soy futures rise on technical trading, weather questions
U.S. pulse area tops early intentions
Farmers in the United States planted considerably more pulse crops in 2024 than originally projected, according to updated acreage data from the U.S. Department of Agriculture released June 28.
Increased soybean output to come for Brazil
Ahead of the July supply and demand report from the United States Department of Agriculture, its attaché in Brasilia projected larger soybean production in 2024/25. However, the attaché pegged their soybean estimates below the USDA’s official numbers.
U.S. grains: Corn tumbles to contract lows on additional US corn acres
Chicago September corn CU24 plunged on Friday to contract lows after U.S. Department of Agriculture data showed far more acres planted with the grain than expected due to favorable spring weather.
U.S. corn acres, grain stocks higher than expected
The planted area for U.S. corn in 2024 was determined to be 91.5 million acres, greater than the March USDA estimate of 90.04 million as well as the trade’s average guess of 90.35 million. However, the figure was nowhere close to last year’s acreage total of 94.64 million. After the release of the report, corn prices at the Chicago Board of Trade (CBOT) reacted bearishly with contracts losing more than 20 U.S. cents per bushel.
U.S. grains: Wheat rallies on strong demand ahead of acreage report
Chicago wheat futures surged on Thursday, recovering from a string of retreats on bargain buying and strong export demand, analysts said.
US farm agency to pay farmers for milk loss due to bird flu
The U.S. Department of Agriculture will soon begin compensating dairy farmers for the loss of milk supply due to bird flu-infected cows, the agency said on Thursday.
U.S. grains: Wheat holds, corn and soy fall on positioning ahead of USDA report
Chicago Board of Trade wheat held steady on Wednesday after notching a more than two-month low the day before on bargain buying and positioning ahead of the U.S. Department of Agriculture's acreage report.
CBOT Weekly: Futures predicted to decline after USDA reports
Grain futures at the Chicago Board of Trade (CBOT) are expected to decline after the United States Department of Agriculture (USDA) releases its prospective plantings and quarterly grain stocks reports on June 28.
U.S. grains: Soybeans, corn fall as investors digest US heat, flood impact
Chicago Board of Trade (CBOT) soybean and corn futures fell on Tuesday as traders assessed the impact of flooding and heat on crops in the central U.S.
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