Chicago | Reuters — Chicago corn inched slightly lower on Friday, as traders questioned federal acreage data and assessed the extent of storm damage in the U.S. Midwest. Prices slipped early in the day, after a rally in the previous session pushed corn futures to a four-week high. Soybeans also fell after jumping to a […] Read more
Tag Archives midwest — page 7
U.S. grains: Corn eases on profit-taking
Traders question USDA numbers, raising uncertainty
U.S. grains: Corn futures tread water as Midwest’s farmers assess storm damage
Analysts still expect large U.S. harvest
Chicago | Reuters — U.S. corn futures ended flat on Tuesday as traders and analysts predicted that farmers will harvest a large crop despite a damaging storm that tore across the U.S. Midwest on Monday. Soybean futures were steady, while wheat futures rose on technical buying. Farmers are assessing the damage to their corn from […] Read more
Yield, production increases expected from USDA
MarketsFarm — Market expectations ahead of a crop production report due out Wednesday from the U.S. Department of Agriculture are for increases in U.S. soybean and corn yields. “I get the sense the trade is looking for the USDA to up corn yields by 1.9 bushels per acre, to 180.4 bu./ac., while soy yields are […] Read more
CBOT weekly outlook: Benign weather keeps corn, soybeans pointed down
MarketsFarm — Good U.S. Midwestern weather should keep the bias to the downside in corn and soybean contracts at the Chicago Board of Trade over the next few weeks, according to an analyst. Corn hit fresh contract lows on Tuesday before showing some recovery Wednesday, but “it’s not looking like it’s hit a bottom just […] Read more
U.S. grains: Crop expectations spark sell-off in corn, soy futures
Bleak export prospects sink CBOT wheat
Chicago | Reuters –– U.S. corn and soybean futures posted sharp declines on Tuesday, with the market focused on expectations for bumper yields across the U.S. Midwest this fall due to forecasts for rain in key growing areas, traders said. On a continuous basis, corn futures dropped to their lowest level since June 29 while […] Read more
U.S. grains: China tensions cap soybeans’ gains
Corn prices up slightly on trade optimism; wheat falls back slightly
Chicago | Reuters — U.S. soybean futures climbed on Thursday, boosted by demand from China, although escalating tensions between Beijing and Washington capped gains. Corn edged higher as optimism over possible continued buying from China offset strong crop conditions. Wheat scaled back on technical selling. The most-active soybean contract on the Chicago Board Of Trade […] Read more
U.S. grains: Soybeans gain ground on Chinese buying
Wheat rebounds after technical correction
Chicago | Reuters — Chicago corn and soybeans futures climbed on Wednesday as news of Chinese purchases offset strong yield prospects after recent rain across the U.S. Midwest offered relief to pollinating corn crops. Both commodities gained even after the United States ordered China to close a consulate in Houston, escalating diplomatic tensions and putting […] Read more
U.S. mushroom giant buys major Manitoba grower
Loveday Mushroom Farms joins South Hill Champs
A major player in the North American mushroom business expects to expand its reach in the U.S. Midwest and Canada’s Prairies with a deal for a storied Winnipeg producer. South Mill Champs, formed in 2018 from the merger of Philadelphia-area producer South Mill and Aldergrove, B.C.-based Champs Mushrooms, announced Tuesday it has expanded to include […] Read more
U.S. grains: Corn weakens on rain across Midwest
Soybeans gain for fifth session, wheat futures tumble
Chicago | Reuters — Chicago corn futures dropped on Monday, as rainfall strengthened crop conditions during a crucial stage in development. Soybean futures gained for a fifth consecutive session on renewed Chinese demand and support from the soybean oil market. Wheat, meanwhile, sank as harvest across the U.S. Great Plains continued and a strengthening dollar […] Read more
CBOT weekly outlook: Weather the key for soybeans, corn
MarketsFarm — Soybean and corn futures at the Chicago Board of Trade fell off nearby highs over the past week, with shifting weather forecasts directing the flow of money in the markets. “Ninety per cent of our price influence in a supply-side driven market during the growing season will be weather,” said analyst Sean Lusk […] Read more
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