Reading Time: 2 minutes U.S. corn futures jumped on Friday on a tighter-than-expected supply outlook from the U.S. Department of Agriculture, while soybeans stumbled on a bigger-than-expected forecast. The split reaction came as USDA, in a monthly crop report, kept its forecast for supplies of both crops unchanged from February. Analysts polled by Reuters had expected the government to […] Read more
Tight supply outlook jolts U.S. corn
U.S. soy, wheat jump on export sales, pre-report positioning
Reading Time: 2 minutes U.S. wheat rebounded on Thursday from a nearly nine-month low, while soybeans jumped on better-than-expected weekly export sales and expectations the government will tighten its supply outlook. Traders were buying back previously sold positions in soybeans amid expectations the U.S. Department of Agriculture, in a monthly crop report on Friday, will cut its estimate for […] Read more
U.S. wheat, new-crop corn drop as weather improves
Reading Time: 3 minutes U.S. wheat and new-crop corn futures sank to their lowest level in nearly nine months on Wednesday as heavy snows eased dryness in key growing areas and boosted production estimates. Optimism for upcoming harvests soared after a storm dumped 13 to 25 cm of wet snow on the Midwest on Tuesday, the latest round of […] Read more
U.S. wheat, new-crop corn hit eight-month lows on improved moisture
Reading Time: 2 minutes U.S. wheat and new-crop corn futures sank to eight-month lows on Monday as melting snow eased concerns about persistent dryness in key growing areas of the Great Plains. Dry weather linked to the worst U.S. drought in more than half a century has stressed hard red winter wheat since the crop was planted last fall […] Read more
U.S. wheat skids as snow blankets dry Plains
Reading Time: 2 minutes U.S. wheat futures slid to an eight-month low and corn closed at a six-week low on Thursday as a winter snowstorm dumped moisture on key growing areas that have struggled with dryness for months. Nearly a foot or more of snow fell across Oklahoma and Kansas in the last 24 hours, and more was expected. […] Read more
U.S. grains fall on twist in Argentina weather forecast
Reading Time: 2 minutes U.S. corn and wheat futures fell on Friday and soybeans trimmed gains after reaching a six-week high as forecasts showed dry areas of major exporter Argentina are in line to receive favourable rains. Northern crop areas of the world’s No. 2 corn exporter and third largest soybean supplier are set to receive more rain than […] Read more
U.S. corn, soy top one-month highs on Argentina dryness
Reading Time: 3 minutes U.S. corn futures climbed to a seven-week high on Wednesday and soybeans touched a six-week high as concerns increased that dry weather will cut production in major exporter Argentina. Worries about dryness, coupled with technical and fund buying, overshadowed weakening demand for corn used to make ethanol, traders said. U.S. ethanol production slumped to its […] Read more
CME Group to reduce nearly non-stop grain trading cycle
Reading Time: 3 minutes CME Group said on Tuesday it will reduce the nearly non-stop trading cycle for its U.S. grain and oilseed markets, and supported a trading halt at all exchanges during the release of major agricultural reports. CME, which owns the Chicago Board of Trade (CBOT), said it had not yet determined exactly what its new trading […] Read more
Dryness threatens Argentine crops, lifts U.S. grains
Reading Time: 2 minutes U.S. grain and soybean futures edged higher on Monday as traders worried dry weather will trim output in Argentina, the world’s top exporter of soy products and second-largest corn supplier. All eyes are on weather models as Argentina and Brazil must produce large crops to meet strong demand for soybeans from top importer China. Traders […] Read more
U.S. grains soar, soy drops on USDA data
Reading Time: 3 minutes U.S. soybean futures tumbled to their lowest level in more than six months on Friday after the government raised domestic production and inventory estimates more than expected in influential crop reports. Corn futures soared to a three-week high and wheat rose to its highest level in more than a week on tighter-than-expected supply projections from […] Read more