Big buildup in corn stocks seen overwhelming prices

Active harvesting of a record-large U.S. corn crop likely will keep a lid on Chicago Board of Trade corn futures prices well into next year despite improving demand for the world’s chief feed grain due to the current lower price level, analysts said. Bellwether CBOT December corn, the first contract reflecting the newly harvested crop,[...]

Break in Plains drought seen this week

Reuters / Agricultural meteorologists said on Tuesday of this week that the precipitation in the next week to 10 days would provide significant relief for crop prospects in the U.S. Plains and Midwest.
John Dee, meteorologist for Global Weather Monitoring, said “this will really help add to soil moisture levels.”
Dee said .50 inch to one inch[...]



Low cattle placements 
buoy cattle futures 
early this week


Low cattle placements 
buoy cattle futures 
early this week
U.S. live cattle futures closed higher on Monday following Friday’s U.S. Department of Agriculture’s (USDA) cattle-on-feed report that showed cattle placed in feedlots in September at a 16-year low, analysts and traders said.
Feeder cattle futures were lower on waning demand for young cattle due to the lack[...]



Crop problems lead to options bets on $7-$8 corn


For the past month, investors who foresee a potential shortfall in U.S. corn production at a time of brisk demand have placed low-risk bets that new-crop prices will surge 25 to 45 per cent by the end of this year. They’re banking on corn to surge back to the $7- or even $8-per-bushel mark after[...]


Higher Corn Prices Lead To Fertilizer Price Spike

U. S. fertilizer prices have doubled over the past year, with a quarter of the gains coming in the last three months, signalling that farmers will expand corn planting next spring to capitalize on high prices.Trade sources said increased fertilizer orders by farmers, coupled with corn prices hovering around two-year highs near $6 per bushel,[...]

CME To Push Ahead With Higher Corn Trading Limits

The CME Group made it clear at a July 19 meeting that the exchange would go ahead with plans to raise the daily trading limits on corn futures despite strong opposition from many grain-handling companies.The CME’s request to raise the trading limit to 40 cents from the current 30 cents is under review by the[...]


Drought Keeps Stranglehold On U.S. Plains Wheat

Drought cont inues to plague the U.S. Plains hard red winter wheat region and there is no relief in sight from the dryness until at least October, an agricultural meteorologist said Sept. 23. It remains quite dry and it will remain that way for at least three weeks, on into October, said Don Keeney, meteorologist[...]

Grains Boom With Hot Money

Low U. S. interest rates and the weak dollar are drawing more hot money into grain markets despite the weight of mammoth crops, setting up a potential repeat of last year’s boom and bust in that market. As index funds and other big investors pour cash into futures at the Chicago Board of Trade (CBOT),[...]