Tom Polansek

U.S. soybean futures slumped Tuesday on projections that larger-than-expected harvests in South America will reduce demand for the U.S. crop, while corn futures edged higher. Brazil’s government crop agency, Conab, on Wednesday is expected to increase its estimate for the soybean harvest to a new record due to favourable weather, said Mike Zuzolo, president of

A group of grain traders can proceed with a lawsuit to overturn new price-settlement rules at CME Group, a judge in Chicago ruled on Monday. Cook County Circuit Court Judge Lee Preston denied a motion from CME, owner of the Chicago Board of Trade (CBOT), to dismiss the lawsuit. The traders, who work in the

U.S. grain futures rose to multi-week highs on Friday as weakness in the U.S. dollar gave commodities a boost and weekly export sales topped expectations. Corn futures touched a two-week intraday high after the U.S. Department of Agriculture said U.S. export sales last week were 958,600 tonnes, well above analysts’ estimates for 300,000 to 450,000

Slumping U.S. grain futures rose on Monday in a technical bounce from oversold conditions and as signs of progress to resolve a U.S. budget crunch lifted a range of commodity and equities markets. The Thomson Reuters-Jefferies CRB Index of commodities prices rose to its highest level in nearly a month after U.S. lawmakers indicated compromises

U.S. soybean futures fell to a five-month low on Friday on word that China, the world’s top importer of the oilseed, canceled orders, while wheat sank to a four-month low. Grain markets pared losses and corn turned higher as equities firmed after congressional leaders said their meeting with U.S. President Barack Obama about the "fiscal

U.S. grain futures weakened on Thursday, as expectations for an increase in global supply and concerns about the economy halted a two-day advance in soybeans. Soybeans had closed higher for the previous two days in a modest rebound from a drop to 4-1/2-month lows intraday on Tuesday. Expanding supply forecasts have weighed on the soy

U.S. soybean futures rose for a second day on Wednesday on export business that included China buying 120,000 tonnes and on a larger-than-expected October crush, a turnaround from sharp losses earlier in the week. Export demand has increased as soybean prices have moved lower since early November. They were knocked to a 4-1/2 month low

U.S. soybean futures rebounded from a four-and-a-half-month low on Tuesday, as bargain buying snapped a four-session slide that nearly erased gains from this summer’s crippling drought. Before recovering, soybeans during the trading session had lost more than six per cent since the U.S. Department of Agriculture on Friday raised its U.S. harvest estimate more than

Grain futures tumbled in a wave of technical selling on Monday, with soybeans sinking to a four-and-a-half-month low that nearly erased gains from this summer’s devastating drought. Prices were already under pressure after the U.S. Department of Agriculture on Friday raised its estimate of U.S. soybean production more than expected and increased its forecast for