Reading Time: 2 minutes U.S. soybean futures edged lower on Friday and corn futures were little changed ahead of what is expected to be an active weekend of harvesting in the United States, the world’s top producer of both crops. Projections that the U.S. harvest will continue to uncover larger-than-expected yields kept a lid on futures prices, despite robust […] Read more
GRAINS-U.S. Soybeans dip ahead of active U.S. harvesting weekend
CME to monitor alternate hog pricing against manipulation
Reading Time: 3 minutes CME Group, the largest U.S. futures market operator, said Tuesday it will step up surveillance of its lean hog futures next week to prevent price manipulation under a pricing formula the exchange adopted to cope with the shut down of the U.S. government. The closer look from the exchange operator’s market regulation department will guard […] Read more
With U.S. government shut, private data providers step in
Reading Time: 4 minutes When the U.S. Department of Agriculture went dark this week due to the partial government shutdown, phones lit up at commodities firm Urner Barry. USDA typically provides quotes on beef, pork and chicken prices, but 156-year-old New Jersey-based Urner Barry quickly became the go-to source for livestock traders searching for market quotes. “It’s certainly been […] Read more
CBOT soybean futures fall on profit-taking after rally
Reading Time: 2 minutes U.S. soybean futures sank on Friday as traders took profits following a surge in prices the previous day, while corn futures sagged from a larger-than-expected U.S. harvest outlook. Wheat futures also traded lower. The decline in soybeans was an about-face from Thursday, when the new-crop November contract climbed 2.8 per cent after a monthly U.S. […] Read more
Corn futures sink after USDA increases U.S. crop; soy soars
Reading Time: 2 minutes U.S. corn futures tumbled on Thursday after the U.S. Department of Agriculture surprised traders by increasing its harvest forecast despite a late-summer stretch of hot, dry weather in key crop areas. Soybean futures soared after the USDA, in the same monthly report, made a larger-than-expected cut to stocks remaining at the end of the crop […] Read more
Cargill picks new CEO
Reading Time: 3 minutes Agribusiness Cargill Inc. on Wednesday said its CEO will step down on Dec. 1 in the latest management shuffle among the world’s top agricultural trading houses. Gregory Page, 62, will be replaced by David MacLennan, Cargill’s president and chief operating officer, as part of the company’s ongoing succession plans, the company said. MacLennan told Reuters […] Read more
CBOT soy, corn, wheat edge up ahead of USDA harvest view
Reading Time: 2 minutes U.S. soybean futures crawled higher on Wednesday as hot weather in the U.S. Midwest encouraged traders to expect a lower harvest outlook in a government report due on Thursday. Corn and wheat futures also rose in tentative trading in the run-up to the release of U.S. Department of Agriculture crop data. The U.S. crop production […] Read more
CBOT soybeans slip on hopes for rain in U.S. Midwest
Reading Time: 2 minutes U.S. soybean futures slipped on Tuesday on forecasts for modest rainfall that could bring some relief to crops stressed by recent dryness in the U.S. Midwest. Corn and wheat futures edged higher on positioning ahead of U.S. government crop reports due out on Thursday. The U.S. soybean crop is in its weather-sensitive, pod-setting stage of […] Read more
Profit-taking pressures U.S. crop futures
Reading Time: 2 minutes U.S. grain and soybean futures slid on Monday as traders took profits ahead of a government report that will update the outlook for U.S. harvests. Soybeans have pulled back 3.7 per cent since approaching an 11-month high last week on concerns that heat and dryness will damage the nation’s crop. Traders said they had priced […] Read more
Cooler, wetter weather outlook drags on CBOT soybeans
Reading Time: 2 minutes U.S. soybean futures sank to a one-week low on Friday on forecasts for rain and cooler temperatures to relieve stressful crop conditions across the U.S. Midwest grain belt. Wheat and corn futures were mixed. Worries about crop damage from hot and dry weather have supported the soy market recently, with the new-crop November contract rising […] Read more