U.S. corn futures advanced Monday on firm cash markets and concerns that another round of showers would stall planting late this week in the U.S. Midwest, where producers are scrambling to catch up after a cool, wet spring delayed field work. “We’ll definitely see pretty healthy plantings the first half of this week, then delays
U.S. corn soars on firm cash market, technicals
U.S. corn quality concerns linger despite better test results
Reuters / The quality of last year’s drought-hit U.S. corn harvest remains under scrutiny because of worries about toxins that flourish in dry weather, despite improved test results for export shipments. The U.S. Grains Council, which works to promote exports, said in a report on Wednesday that 77.8 per cent of corn samples tested at
U.S. corn’s weekly loss biggest in 21 months
U.S. corn prices set a nine-month low on Friday and posted their biggest weekly loss in 21 months on more selling in the wake of last week’s U.S. government report that showed larger-than-expected stockpiles of the grain. Soybeans fell to a 10-month low on fears of a potential drop in feed demand due to bird
U.S. wheat jumps as dry weather prompts short-covering
Chicago Board of Trade wheat jumped 3.8 per cent Wednesday, its biggest daily rise in six months, as concern about poor U.S. crop weather and expectations of strong global demand for U.S. supplies sparked a flurry of fund short-covering, traders said. Corn edged higher in choppy trade, stabilizing after three straight losing sessions following last
U.S. wheat, soy rally on bargain buying
Chicago Board of Trade (CBOT) wheat prices rose one per cent Tuesday on bargain buying as the market rebounded from Monday when it fell to a nine-month low in reaction to last week’s U.S. government report that showed larger-than-expected grain stockpiles. Soybeans closed higher, recovering from a three-month low earlier in the day, while nearby
Like most American belts, the Corn Belt has expanded too
North Dakota corn acreage has doubled since 2006 and quadrupled since 2001 Reuters / A combination of a long-term warming trend, improved varieties and soaring profits has sparked a “corn boom” in the Northern Plains that might one day turn North and South Dakota into the new Iowa, analysts say. “All you need to do
U.S. crop insurance guarantees push big acres
Reuters / Crop insurance that guarantees prices for the 2013 growing season should encourage U.S. farmers to again plant a large number of acres, with soybeans possibly claiming ground from corn, analysts said. The U.S. Department of Agriculture’s Risk Management Agency set the guarantees March 1, which act as the “floor price” for crop insurance
U.S. corn drops for 10th straight day; wheat, soy fall
U.S. corn futures slipped for the 10th straight session on Thursday on crop-friendly weather in South America and expectations for rising global supplies, traders said. Wheat futures fell as improving U.S. weather conditions and fund selling overshadowed strong weekly U.S. export sales data, and soybeans fell after weekly export sales fell short of trade expectations.
U.S. wheat rallies on export data but corn retreats
Wheat futures rose one per cent on Friday, halting a three-day slide as better-than-expected weekly U.S. export sales triggered a round of short-covering, but the market still posted a weekly loss. Corn fell as updated weather forecasting models showed better rains for crop areas of Argentina, but soybeans ended higher after a choppy session, supported
U.S. soy pares losses late on Chinese buying
U.S. soybean futures fell to a one-week low on Thursday as some weather models predicted rains in Argentina’s crop belt, but the market pared losses late in the session on rumours that China was booking fresh soy purchases. Corn rallied to close higher as cash markets firmed and consumption from the U.S. ethanol sector improved
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