Chicago | Reuters — U.S. soybean futures posted contract lows for a fourth straight session on Thursday after weak U.S. Department of Agriculture (USDA) export sales data and amid ongoing concerns that rain-delayed corn sowing would increase soy plantings. Corn was mixed as spillover pressure from lower soybeans offset support stemming from concerns about delayed […] Read more
Tag Archives midwest — page 13
U.S. grains: Weak export data drags soybeans to new lows
U.S. grains: Soy, wheat hit new lows as supplies outweigh rainy weather
Chicago | Reuters — U.S. soybean futures fell for a third straight session on Tuesday and struck fresh contract lows in most months as burdensome global stocks and sluggish U.S. exports dragged prices lower, triggering technical selling. Wheat futures, too, posted contract lows as better-than-expected U.S. winter crop conditions added to pressure from largely beneficial […] Read more
U.S. grains: Corn firms as rains stall planting
Chicago | Reuters — U.S. corn futures firmed on Monday, hitting the highest point in a week as wet weather across much of the U.S. Midwest and forecasts for continued rains this week threatened to prolong spring planting delays. Soybeans were lower on sluggish U.S. exports, abundant global supplies and worries that delayed corn seeding […] Read more
U.S. grains: Corn higher on wet weather forecast
Chicago | Reuters — U.S. corn futures rose about one per cent on Friday as wet weather forecast for the Midwest crop belt prompted short-covering, analysts said, while soybeans fell to multi-month lows. Wheat futures firmed slightly but still recorded a weekly decline as ample global supplies anchored the market. Chicago Board of Trade July […] Read more
CBOT weekly outlook: Currency, swine fever weigh on prices
MarketsFarm — A strong U.S. dollar and China’s prolonged battle with African swine fever have turned Chicago Board of Trade markets largely bearish. “We’re seeing a slew of positive [economic] news out of the U.S., and a rallying dollar that has been strong for four out of five sessions,” said Terry Reilly, a grains analyst […] Read more
Blizzard forces closure of some U.S. grain processors, elevators
Chicago | Reuters — A second “bomb cyclone” blizzard hitting the United States was limiting the movement and processing of corn, soybeans and wheat around the Midwest and Plains on Thursday. Grain trader Cargill said it was closing three of its grain handling facilities in Minnesota, two in South Dakota and one in Nebraska on […] Read more
Klassen: Feeder market incorporates risk premium
Fed and feeder cattle markets have incorporated a risk premium due to the uncertainty in beef production. Adverse weather has plagued much of the U.S. Midwest over the past couple of months and the six- to 10-day forecast calls for above-normal precipitation. Compared to last week, western Canadian yearling markets traded $2-$3 higher on average […] Read more
Midwest floods hammer U.S. ethanol industry
New York | Reuters — The March floods that punished the U.S. Midwest have roiled the ethanol industry, hammering prices and trapping barrels in the country’s interior while the U.S. coasts suffer from shortages of the biofuel. The historic March floods have dealt a series of blows to large swaths of an ethanol industry that […] Read more
U.S. grains: Soybeans bounce ahead of USDA data
Chicago | Reuters — U.S. soybean futures inched higher on Thursday as traders covered shorts and squared positions a day after a steep drop to four-month lows and on the eve of U.S. government stocks and planting reports. Corn futures were flat as improving crop prospects in South America offset concerns about flooding in the […] Read more
CBOT weekly outlook: Markets at mercy of weather
MarketsFarm — Traders are bracing for more inclement weather to hit the U.S. Midwest, which in turn could rock commodities. Springtime floods and adverse weather have impacted the majority of the U.S. Plains and Midwest, and those regions expect another snow system before the end of March. Flooding may delay planting dates, causing farmers to […] Read more
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