* Wheat down 8.3 pct in 9 straight sessions of losses
US Markets
GRAINS-Wheat hits 3-mth low, corn falls on supply prospects
FOB Gulf Grain-Demand for new-crop U.S. soy keeps offers firm
CHICAGO, May 30 (Reuters) – U.S. FOB Gulf soybean basis offers remained firm after the close of trading on Friday due to robust demand for new-crop supplies, exporters said. * Dealings were mostly quiet ahead of the weekend, traders said. * U.S. soybean export sales last week were 881,400 tonnes, topping expectations for 400,000 to
CME live cattle futures slip on profit-taking
May 30 (Reuters) – Chicago Mercantile Exchange live cattle futures on Friday edged down slightly, pressured by profit-taking after Thursday’s steep climb, traders said. * Futures’ discount to this week’s prices for market-ready, or cash, cattle limited market losses, they said. * Friday’s USDA export data for the week ended May 22 showed U.S. beef
GRAINS-Wheat poised to finish the month down 12 pct
SYDNEY, May 30 (Reuters) – U.S. wheat futures were little changed on Friday, hovering around a near three-month low, with the grain was set to end the month down more than 12 percent after improved weather eased concerns over the U.S. crop. FUNDAMENTALS * July wheat down 12.4 percent for the month, the contract’s biggest
FOB Gulf Grain-Soy offers stay mostly steady on new-crop demand
CHICAGO, May 29 (Reuters) – FOB basis offers for soybeans at the U.S. Gulf of Mexico were mostly steady on Thursday as exporters said they continued to see demand for the new crop. * Offers for corn and wheat also were stable, traders said * Demand for 2014/15 U.S. soybeans supported offers as China, the
GRAINS-Wheat falls 7th day, corn nears 3-mth low on weather
(Adds analyst comment and updated prices; changes byline, dateline, previous LONDON) * Drought conditions ease in U.S. Plains, rains in Midwest * Wheat heading for largest monthly decline since Sept 2011 * Soybeans boosted by tight old crop supplies in the U.S. By Michael Hirtzer CHICAGO, May 29 (Reuters) – U.S. grains slumped on Thursday,
CIF Gulf Grain-Corn basis hits 2-week high on slow farmer sales
May 29 (Reuters) – Basis bids for corn shipped by barge to the U.S. Gulf Coast rose to the highest level in two weeks on Thursday, lifted by seasonally light farmer offerings and the lowest futures in roughly three months, traders said.
GRAINS-Soybeans firm as Chinese demand stokes US shortage worries
* Soybeans extend gains into second session * Wheat firms for first time in seven sessions By Colin Packham SYDNEY, May 29 (Reuters) – Chicago soybeans rose on Thursday, extending gains into a second session, as fresh orders from China added to concerns about U.S. supplies that have already been depleted by heavy exports. Wheat
CIF Gulf Grain-Corn, SRW wheat basis firm as lower futures chill sales
May 28 (Reuters) – Basis bids for corn and soft red winter wheat shipped by barge to the U.S. Gulf Coast were slightly higher early on Wednesday as the lowest futures in about three months kept farmer offerings of the crops to a minimum, traders said.
CME live cattle futures turn up with beef prices
May 28 (Reuters) – Chicago Mercantile Exchange live cattle futures turned higher on Wednesday, supported by late Tuesday’s strong wholesale beef prices, traders said. * Tuesday afternoon’s wholesale choice beef price rose $1.14 per hundredweight (cwt) from Monday to $233.12. Select cuts jumped $1.75 to $222.65, based on U.S. Department of Agriculture data. * Packer
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