U.S. wheat futures slid to an eight-month low and corn closed at a six-week low on Thursday as a winter snowstorm dumped moisture on key growing areas that have struggled with dryness for months. Nearly a foot or more of snow fell across Oklahoma and Kansas in the last 24 hours, and more was expected.
U.S. wheat skids as snow blankets dry Plains
CME surveys members on trade hours
The Chicago Board of Trade has launched a survey asking customers whether it should shorten the nearly non-stop electronic trading cycle for grains and hinted that executives had grown less concerned about competition from rival IntercontinentalExchange. The Board of Trade, which dominates agricultural trading with U.S. grain and oilseed futures and options contracts, in May
U.S. grains fall on twist in Argentina weather forecast
U.S. corn and wheat futures fell on Friday and soybeans trimmed gains after reaching a six-week high as forecasts showed dry areas of major exporter Argentina are in line to receive favourable rains. Northern crop areas of the world’s No. 2 corn exporter and third largest soybean supplier are set to receive more rain than
U.S. corn, soy top one-month highs on Argentina dryness
U.S. corn futures climbed to a seven-week high on Wednesday and soybeans touched a six-week high as concerns increased that dry weather will cut production in major exporter Argentina. Worries about dryness, coupled with technical and fund buying, overshadowed weakening demand for corn used to make ethanol, traders said. U.S. ethanol production slumped to its
CME Group to reduce nearly non-stop grain trading cycle
CME Group said on Tuesday it will reduce the nearly non-stop trading cycle for its U.S. grain and oilseed markets, and supported a trading halt at all exchanges during the release of major agricultural reports. CME, which owns the Chicago Board of Trade (CBOT), said it had not yet determined exactly what its new trading
Dryness threatens Argentine crops, lifts U.S. grains
U.S. grain and soybean futures edged higher on Monday as traders worried dry weather will trim output in Argentina, the world’s top exporter of soy products and second-largest corn supplier. All eyes are on weather models as Argentina and Brazil must produce large crops to meet strong demand for soybeans from top importer China. Traders
Efforts continue to keep Mississippi River open
The drought-drained Mississippi River has enough water for barges to maintain shipments of billions of dollars’ worth of commodities, and the White House will consider “any option” to keep it open for commerce, U.S. Sen. Dick Durbin said on Jan. 7. Durbin, the No. 2 Democrat in the Senate, said the outlook for the nation’s
U.S. grains soar, soy drops on USDA data
U.S. soybean futures tumbled to their lowest level in more than six months on Friday after the government raised domestic production and inventory estimates more than expected in influential crop reports. Corn futures soared to a three-week high and wheat rose to its highest level in more than a week on tighter-than-expected supply projections from
U.S. corn touches two-week high ahead of USDA data
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.
U.S. corn jumps to one-week high ahead of USDA reports
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
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