Chicago Board of Trade (CBOT) soybean futures fell over one per cent on Wednesday on long liquidation anticipating heavy movement soon of soybean supplies from South America’s bumper harvest. Slow sales of soy from Brazil and Argentina have been helping lift soybean futures but traders said they expected movement to increase soon. Spot May which
U.S. soybeans tumble on looming South American sales
Chicago corn falls for second day as crop prospects improve
Chicago Board of Trade (CBOT) corn futures fell for the second consecutive trading session on Tuesday on forecasts for better U.S. corn planting weather beginning this weekend and on recent rainfall that eased drought concerns and boosted production prospects. The CBOT new-crop December corn futures contract, the month most sensitive to 2013 U.S. planting and
U.S. grains market crumbles on brighter crop weather outlook
Chicago Board of Trade (CBOT) wheat, corn and soybean futures fell roughly one per cent each on Monday on forecasts for better crop weather across a broad swath of the soggy U.S. crop belt, traders said. Cold and wet weather had been threatening crop prospects but also added valuable moisture to drought-stricken soils. And now
Chicago grains rebound on bargain buying
Chicago Board of Trade (CBOT) grains and soy complex futures rebounded with equities and gold markets on Tuesday after a sell-off in the previous session triggered by concerns raised by weaker-than-expected economic data from China. New York gold futures rebounded more than $25 per ounce on Tuesday, the Dow was up about 125 points and
U.S. wheat drops over one per cent on bearish global data
U.S. wheat ended more than one per cent lower on Wednesday in volatile dealings after the U.S. Department of Agriculture’s (USDA) April estimates for 2012-13 global ending supplies were well above analysts’ estimates. Corn ended higher but below the trading session highs and soybeans turned down after an initial rally in reaction to the USDA
Chicago live cattle tumble on technical sales, feeders fall
Chicago Mercantile Exchange (CME) live cattle and feeder cattle futures fell on Tuesday on profit-taking after recent gains that were prompted by a steep drop in corn futures the past few days, traders said. Traders said much of the activity in the cattle futures market was technical and said volatility should have been expected because
Lower feed costs fuel Chicago feeder cattle
Chicago Mercantile Exchange (CME) feeder cattle closed up 2.125 cents per pound or 1.5 per cent higher on Monday, notching a one-month high triggered by plunging corn futures prices following a bearish government corn stocks report, traders said. “It’s all because of corn… corn is down 70 to 80 cents from where it was a
U.S. Plains freeze likely harmed winter wheat crop
A deep freeze early this week likely harmed some of the hard red winter wheat crop in the southern U.S. Plains, adding to the woes of a lingering drought, crop experts and agricultural meteorologists said on Tuesday. “It (the freeze) was well within the parameters of damage in southwest Kansas, the west Oklahoma Panhandle, far
U.S. corn, soy slide on position squaring, crop outlook
Chicago Board of Trade (CBOT) corn futures slid one per cent while soybeans eased half a percent on Friday. as investors squared positions after fund buying earlier in the week boosted prices, leaving each commodity vulnerable to a downward correction. Wheat inched up in late trading on late week buying tied to short-covering, but traders
U.S. soy posts best gain in a month
Chicago Board of Trade (CBOT) soybean futures rose two per cent on Thursday, the biggest one-day advance in a month, on technical buying, tight stocks in the United States and on difficulty shipping soy from top global soy producer Brazil. A spate of speculative and cash-connected buying drove active spot May soy through chart resistance
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