Reading Time: 2 minutes U.S. corn futures rose to a two-week high on Thursday in anticipation of crop reports expected to show drops in U.S. production and global inventories. Soybeans, however, fell on expectations that a large harvest in South America will pinch demand for the U.S. crop. Traders were evening up positions in the markets ahead of U.S. […] Read more
U.S. corn touches two-week high ahead of USDA data
U.S. corn jumps to one-week high ahead of USDA reports
Reading Time: 2 minutes U.S. corn futures rose to a one-week high on Wednesday as traders evened up positions before the federal government releases major crop reports at the end of the week, while wheat and soybeans sagged. Traders bought back previously sold positions in the corn market after making money recently on bets that prices would decline. They […] Read more
U.S. soy dips on outlook for big Brazilian crop
Reading Time: 2 minutes U.S. soybean futures slumped Tuesday on projections that larger-than-expected harvests in South America will reduce demand for the U.S. crop, while corn futures edged higher. Brazil’s government crop agency, Conab, on Wednesday is expected to increase its estimate for the soybean harvest to a new record due to favourable weather, said Mike Zuzolo, president of […] Read more
Low water may halt Mississippi River transport next week
Reading Time: 3 minutes Commerce on a key stretch of the Mississippi River could "come to an effective halt" earlier than expected next week due to low water levels, disrupting shipments of billions of dollars of grain and other goods, a group of shippers said on Wednesday. The Waterways Council, which represents shippers and receivers of commodities, said in […] Read more
Grain traders’ suit over CME price settlement to proceed
Reading Time: 2 minutes A group of grain traders can proceed with a lawsuit to overturn new price-settlement rules at CME Group, a judge in Chicago ruled on Monday. Cook County Circuit Court Judge Lee Preston denied a motion from CME, owner of the Chicago Board of Trade (CBOT), to dismiss the lawsuit. The traders, who work in the […] Read more
U.S. grains reach multi-week highs on weak dollar, export sales
Reading Time: 2 minutes U.S. grain futures rose to multi-week highs on Friday as weakness in the U.S. dollar gave commodities a boost and weekly export sales topped expectations. Corn futures touched a two-week intraday high after the U.S. Department of Agriculture said U.S. export sales last week were 958,600 tonnes, well above analysts’ estimates for 300,000 to 450,000 […] Read more
Slumping U.S. grains rise on budget hopes, technical bounce
Reading Time: 3 minutes Slumping U.S. grain futures rose on Monday in a technical bounce from oversold conditions and as signs of progress to resolve a U.S. budget crunch lifted a range of commodity and equities markets. The Thomson Reuters-Jefferies CRB Index of commodities prices rose to its highest level in nearly a month after U.S. lawmakers indicated compromises […] Read more
U.S. soy sets five-month low as China scraps orders
Reading Time: 3 minutes U.S. soybean futures fell to a five-month low on Friday on word that China, the world’s top importer of the oilseed, canceled orders, while wheat sank to a four-month low. Grain markets pared losses and corn turned higher as equities firmed after congressional leaders said their meeting with U.S. President Barack Obama about the "fiscal […] Read more
U.S. soybeans dip on renewed supply pressure
Reading Time: 2 minutes U.S. grain futures weakened on Thursday, as expectations for an increase in global supply and concerns about the economy halted a two-day advance in soybeans. Soybeans had closed higher for the previous two days in a modest rebound from a drop to 4-1/2-month lows intraday on Tuesday. Expanding supply forecasts have weighed on the soy […] Read more
U.S. soybeans jump after China purchase
Reading Time: 2 minutes U.S. soybean futures rose for a second day on Wednesday on export business that included China buying 120,000 tonnes and on a larger-than-expected October crush, a turnaround from sharp losses earlier in the week. Export demand has increased as soybean prices have moved lower since early November. They were knocked to a 4-1/2 month low […] Read more