Washington | Reuters — The U.S. soybean and corn harvests will be the biggest ever this fall, according to a U.S. Agriculture Department monthly outlook that boosted yield and production forecasts for both crops above market expectations. USDA on Friday pegged the corn crop at 15.153 billion bushels, based on an average yield of 175.1
USDA sees record U.S. corn, soy crops after good July weather
U.S. grains: Soy falls as harvest expectations rise; wheat, corn firm
Chicago / Reuters – U.S. soybean futures fell 2.3 per cent to a three-month low on Friday as the weather forecast for August reinforced expectations that the crop developing in the U.S. Midwest would blossom into a bumper harvest. Wheat and corn futures firmed, recovering from early weakness, as investment funds unwound bearish bets ahead of
U.S. grains: U.S. corn extends losing streak on weak exports, good weather; soy firms
Chicago / Reuters – U.S. corn futures fell for the third day in a row on Thursday, with good weather for crop development in the U.S. Midwest and poor exports pushing prices to their lowest in nearly two years. Wheat and soybean futures firmed. The soy market was supported by signs that overseas buyers were
U.S. grains: Improving weather sparks sell-off in U.S. corn, soybeans
Chicago / Reuters – U.S. corn and soybean futures posted sharp declines on Wednesday, with corn hitting its lowest in nearly two years as the latest weather outlook appeared less threatening to crop development, traders said. Soybean futures led the sell-off, sinking 2 per cent and hitting their lowest since April 26. Wheat futures also fell,
U.S. grains: New forecast ends rallies
Chicago | Reuters — U.S. soybean futures fell 3.8 per cent on Thursday, giving up early gains after new weather forecasts boosted expectations of a robust harvest in the U.S. Corn and wheat futures also closed lower after rallying to two-week highs earlier in the session. The latest outlooks dialed back the amount of time
U.S. grains: Corn, soybeans extend rally as fundamentals improve
Chicago | Reuters — U.S. soybean and corn futures rallied on Wednesday, both posting their second straight day of sharp gains on concerns about hot and dry weather cutting into U.S. soybean crops and expectations of strong exports of U.S. corn. “Soybeans are the main drivers of the grain market as traders continue to put
U.S. grains: Bargain hunting, weather concerns support soy, corn gains
Chicago | Reuters — U.S. soybean and corn futures rallied on Friday on a bargain-buying bounce after declining sharply earlier in the week. Concerns about hot and dry weather stressing both crops as they head toward key developmental phases added to the strength. “Traders continue to have concerns about forecasts calling for hot and dry
U.S. grains: Soybeans fall, pull corn from highs
Chicago | Reuters — U.S. soybean futures plunged 4.7 per cent to their lowest in nearly two months on Thursday, weighed down by forecasts for good weather for crop development across the U.S. Midwest. The sharp drop in soybeans weighed on corn, which settled close to unchanged as traders locked in profits from a surprise
U.S. grains: Good weather sparks selling in CBOT corn, soybeans
Chicago | Reuters –– U.S. corn futures tumbled 2.4 per cent to a 21-month low on Wednesday, falling for a fifth session in a row as good weather for crop development raised expectations of a bountiful harvest in the fall. Soybeans also fell on pressure from an outlook for good weather across broad swaths of
U.S. grains: Wheat, soybeans, corn fall on rising supply view
Chicago | Reuters –– U.S. wheat futures sank to multi-year lows on Friday, pressured by an ample global stockpile that was expected to grow even larger due to a bountiful harvest, traders said. Corn and soybean futures also weakened, with soybeans settling back from a rally on Thursday that pushed prices to a two-week high.