
Tag Archives Corn Belt

U.S. grains: Wheat slips on bumper harvest, soy up on exports
Corn inches up on technical trading, weather questions
Chicago | Reuters — Chicago wheat futures slid again on Thursday, dropping to their lowest in more than eight months amid a bumper U.S. harvest and well-timed European rains. Soybeans and corn edged higher, on technical trading and signs weather may not be so crop-friendly across the U.S. Corn Belt in coming days. The most-active

Comment: U.S. farmers ramp up corn, soybean acres
The trend comes amid historically low futures prices
Reuters – New-crop corn and soybean futures on the Chicago Board of Trade have reached the lowest March levels in more than a decade with just a few weeks until the kickoff of the U.S. planting season. But despite the low prices, U.S. farmers are expected to boost acreage significantly over last year’s levels, which

U.S. grains: Corn reaches five-year high on crop uncertainty, firm cash
Chicago | Reuters — Chicago corn futures climbed to their highest level in five years on Friday as forecasts for more showers in the eastern Midwest next week clouded U.S. production prospects, analysts said. Soybeans also advanced on the weather worries and wheat closed higher after a choppy session. Chicago Board of Trade July corn

U.S. grains: Corn ends firm, farmer selling pares gains
Chicago | Reuters — U.S. corn futures hit a six-week high on Wednesday on forecasts for rains in the Midwest crop belt that could signal further planting delays, but the market pared gains as the run-up in prices triggered a round of farmer selling, traders said. Wheat futures also ended nearly flat while soybeans closed

U.S. grains: Soybeans, corn ease in technical setback
Chicago | Reuters — U.S. soybean futures eased on Wednesday in a technical selling setback following two days of gains despite concerns that rainy weather in parts of the Midwest would delay harvesting and possibly damage some crops. Corn futures also fell as technical selling more than offset support from strong demand and potential harvest

U.S. EPA ups biofuel targets slightly
Reuters — The U.S. Environmental Protection Agency said on Thursday it will require fuel companies to blend slightly more biofuels into the nation’s gasoline and diesel next year, angering oil refiners who view them as a competitive threat. The announcement follows weeks of lobbying by Midwestern lawmakers and representatives of the corn industry who wanted

Climate Corp. to partner with Canadian drone data firm
In a bid to bring its eye-in-the-sky views of clients’ fields closer to Earth, Monsanto’s Climate Corp. has struck up a partnership with a Canadian drone data provider. Climate on Nov. 15 announced an “official” partnership with Toronto-based Deveron UAS, which operates a fleet of drones serving farm clients across North America, to deliver “advanced”

U.S. grains: Wheat dips, halting rally as weather damage assessed
Chicago | Reuters — Chicago wheat futures fell nearly two per cent on Wednesday, after hitting their highest level in a year as traders assessed the extent to which hot, dry weather would dent a global market laden with record inventories. Corn and soybean futures declined as forecasts called for benign crop weather in the

Is the corn market ready to rally on U.S. weather worries?
A cold, wet spring is giving way to what looks like a hot and dry summer
Corn futures prices have remained stubbornly low for the past three months despite heavy rain and cold weather complicating planting and early crop development. But the tide may be shifting as the summer is beginning under a warmer and drier regime. Driven partially by mounting U.S. weather concerns, July corn on June 7 broke above

CBOT weekly outlook: Weather watching trade in summertime
CNS Canada –– Corn and soybean futures at the Chicago Board of Trade are hanging in a seasonal weather-based market, with traders watching crop conditions week-to-week. Corn futures have downside potential, gathering influence from wheat futures and crop ratings in the near term. “I’m looking for an improvement in crop ratings next week, which might
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