MarketsFarm — Market activity on the Chicago Board of Trade has been characteristic for September, with harvest activity keeping pressure on values. “The trend for September turns to the downside as harvest starts to pick up,” said Steve Georgy of Barrington Commodities at Barrington, Ill. However, next week’s world agriculture supply and demand estimates (WASDE) […] Read more
CBOT weekly outlook: Seasonal harvest pressure weighs on soy, corn
U.S. grains: Soy futures jump on reported China purchases
CBOT wheat futures retreat after setting five-month top
Chicago | Reuters — Chicago Board of Trade soybean futures advanced on Wednesday as traders said China bought U.S. cargoes, while wheat futures retreated on profit-taking a day after climbing to a five-month high. Chinese state-owned firms bought at least eight bulk shipments of U.S. soybeans, or at least 480,000 tonnes, for shipment in December […] Read more
U.S. grains: Soybeans touch two-year high on dry weather
Wheat up with prices in Russia, Ukraine
Chicago | Reuters — U.S. soybean futures hit their highest prices in more than two years on Monday before paring gains, as dry weather in parts of the U.S. Midwest is expected to damage the condition of crops, analysts said. Wheat futures set a four-month high, while corn futures retreated after touching their highest price […] Read more
U.S. grains: Soy futures rise on fresh China sale
CBOT wheat firm, corn eases
Chicago | Reuters — U.S. soybean futures rose to their highest level in more than seven months on Wednesday with stepped-up demand from China and dry weather threatening to cut U.S. Midwest yields supporting prices for a third day in a row, traders said. Corn eased on technical selling and profit-taking after rising to a […] Read more
U.S. grains: Crop concerns, Chinese buying spark rallies in soy, corn
CBOT December wheat closes higher
Chicago | Reuters — Chicago Board of Trade corn and soybean futures rallied on Tuesday on rising export demand from China and concerns that deteriorating crop conditions will curtail the size of the U.S. fall harvest, traders said. Soybeans topped out at a seven-month high while corn jumped 2.6 per cent to its highest in […] 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 near seven-month high as dryness threatens crop
Corn up one per cent after storm hits U.S. crop in key growing region
Chicago | Reuters — Chicago soybean futures rallied on Monday to a nearly seven-month high on reports of dry weather in the United States, while corn futures hit their highest in a month on fresh concerns over damage from a storm in Iowa a week ago. August has been one of the driest on record […] Read more
Monday’s storm hit an estimated 37.7 million acres in U.S. Midwest
Chicago | Reuters — A storm packing hurricane-force winds on Monday impacted 37.7 million acres of farmland across the Midwest, including 14 million in Iowa, the Iowa Soybean Association said on Friday, citing estimates from the U.S. Department of Agriculture. The toll from the derecho storm has worsened as farmers and grain handlers have spent […] Read more
U.S. grains: Exports, storm damage offset big crop outlook
Corn, soy prices buck USDA forecasts; wheat rises on corn rally
Chicago | Reuters — Chicago corn prices surged to a four-week high on Thursday as forecasts of warmer weather and worries over recent storm damage in the U.S. Midwest countered pressure from huge government harvest forecasts. The corn rally also boosted wheat, as traders continue to debate how much impact the drought hammering Argentina’s farm […] Read more
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