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 […] Read more
Chicago corn falls for second day as crop prospects improve
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 […] Read more
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 […] Read more
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 […] Read more
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 […] Read more
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 […] Read more
Brisk export, feed demand lift U.S. wheat
Chicago Board of Trade (CBOT) wheat futures rose to a three-week high on Wednesday on brisk demand from feeders and exporters, while corn rose to a six-week high with the market buoyed by tight stocks, firm cash and slow farm sales. “Wheat strength is the easier trend to identify today. Wheat remains very competitive to […] Read more
U.S. corn at six-week peak on snug stocks, strong cash
Chicago Board of Trade (CBOT) corn futures rose one per cent on Tuesday, the biggest one-day advance in a week, to a six-week peak on dwindling supplies of corn, slow farmer selling and firm cash basis markets. Active spot May corn futures broke above technical resistance at the 200-day moving average, reaching a session high […] Read more
U.S. soybeans slip on Cyprus worries
Chicago Board of Trade (CBOT) soybean futures fell for the fifth day in a row on Monday, sliding to a one-month low on concerns about a bailout plan for euro zone member Cyprus — and on availability of a large South American soybean harvest. Wheat turned down for the first time in seven trading sessions […] Read more
U.S. corn up one per cent; third day of gains on tight stocks
Chicago Board of Trade (CBOT) corn futures rose over one per cent, posting advances for the third straight session on Monday on tight stocks and on spillover from the rally that followed the bullish corn supply numbers the U.S. government released Friday, traders said. "Corn is leading everything higher today and it’s technical support after […] Read more
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