Reading Time: 4 minutes Forget the culture clash, the Chiefs-versus-Bears football debates and fierce arguments over who has the better beef. When U.S. hard red winter wheat futures and options contracts begin trading in Chicago on Monday after a century-and-a-half legacy in Kansas City, the change may pass all but unnoticed, save for tweaks on wall boards displaying prices […] Read more
Kansas City traders begin new chapter as wheat pits move north
U.S. corn, soy soar as wetter forecasts threaten planting
Reading Time: 2 minutes U.S. corn and soybean futures soared on Friday on worries that wetter-than-expected weather next week will extend planting delays and reduce output for the autumn harvest. Planting remains slow across the U.S. Midwest due to soggy conditions, with further disruptions expected from another round of rain that agricultural meteorologists forecast to start this weekend. More […] Read more
Planting worries support U.S. soybean futures
Reading Time: 2 minutes U.S. soybean futures trimmed losses and deferred contracts ended higher on Thursday on concerns a return of wet weather will cause more planting delays. Corn futures also closed higher. New-crop soybeans have been under pressure for the past two days on expectations that drier conditions would accelerate planting after weeks of rain delays. However, showers […] Read more
Tight supplies support front-month U.S. corn, soy futures
Reading Time: 2 minutes Front-month U.S. corn and soybean futures rose on Wednesday on concerns that supplies will dwindle before the next harvest, while deferred contracts sank. Inventories of crops left over from last year’s drought-reduced harvest are scarce ahead of the autumn harvest. Rain-delayed planting this spring will likely mean a late harvest, so supplies will need to […] Read more
U.S. corn, soy fall on expectations for planting progress
Reading Time: 2 minutes Deferred U.S. corn and soybean futures stumbled on Tuesday as forecasts for a pause in rainy weather raised expectations that farmers will follow through on plans for massive plantings. Traders are keeping a close eye on the weather because cool, wet conditions have slowed planting so far this spring, fueling fears that farmers would not […] Read more
U.S. soybeans climb as planting delays fuel supply worries
Reading Time: 2 minutes U.S. soybean futures climbed on Monday on concerns supplies will run short before the autumn harvest because of strong demand and late plantings, while corn futures sagged. Wet weather that has slowed the planting of soybeans and corn this spring is expected to continue, with occasional showers forecast in the Midwest over the next 10 […] Read more
Corn rises as wetter forecasts threaten U.S. planting
Reading Time: 2 minutes Rains delaying U.S. corn planting pushed up corn futures on Friday and pressured deferred soybean futures amid expectations that farmers may switch some acres from the grain to the oilseed. Traders took notice of threats to corn planting as Commodity Weather Group indicated a larger portion of the Midwest than previously expected will probably receive […] Read more
U.S. soybeans, soymeal hit three-week high on tight supplies
Reading Time: 3 minutes U.S. soybean and soymeal futures jumped to three-week highs on Thursday on worries about tightening supplies and strong export demand, while corn futures dropped as traders shrugged off planting delays due to rain. Soybeans, which are crushed to make meal, extended recent gains on ideas export loading delays in Brazil could steer more global demand […] Read more
Cargill profits sink as U.S. drought hits meat business
Reading Time: 3 minutes U.S. agrifood giant Cargill said on Tuesday that lingering pressure from a historic U.S. drought hurt its meat and grain operations, knocking quarterly earnings down 42 per cent. The worst drought in more than half a century last year devastated the corn harvest in the United States, the world’s top grain producer, and catapulted prices […] Read more
CBOT set to shorten U.S. grain trading day
Reading Time: 3 minutes The Chicago Board of Trade won regulatory clearance to shorten the trading cycle for U.S. grain markets after a move to extend activity hurt liquidity. CBOT, owned by CME Group Inc., said it will cut futures and options trading for crops such as wheat, corn and soybeans to 17.5 hours per session from 21 hours […] Read more