Reuters — U.S. ethanol production topped one million barrels per day for the first time last week, data showed Wednesday, ahead of a government deadline to issue a plan for the country’s hotly debated biofuels program. The largest boost in production rates since May showed U.S. ethanol makers capitalizing on a recent uptick in profit […] Read more
U.S. ethanol output rising as industry awaits new mandates
U.S. livestock: Cattle ease on profit-taking after one-week highs
Chicago | Reuters — U.S. live cattle and feeder cattle futures fell as much as 1.8 per cent on Tuesday as investors took profits after prices hit a one-week high in the previous session, traders and analysts said. A government report on Monday showing bigger beef supplies than a year ago also weighed on futures […] Read more
U.S. livestock: Live cattle, feeders fall to contract lows on fund selling
Chicago | Reuters — U.S. live cattle and feeder cattle futures plunged to contract lows on Tuesday while lean hogs also extended recent losses, pulled down by ample supplies of animals for slaughter, and meat in storage. Expectations for lower cattle prices in cash markets also weighed. Live cattle and feeder cattle had declined by […] Read more
U.S. grains: Wheat mostly lower on technical selling
Chicago | Reuters — U.S. wheat and soybean futures were mostly lower on Friday, in a technical selloff and as the U.S. dollar rose to its highest in two months against a basket of currencies. Prices trimmed losses while corn futures turned higher late in the session, lifted in part by the expiration of November […] Read more
U.S. grains: Corn, soy turn lower on technical selling, dollar surge
Chicago | Reuters –– U.S. corn and soybean futures turned lower on Thursday, reversing from one-week highs on technical selling and pressured by steep gains in the dollar that made U.S. commodities less attractive in export markets. Wheat futures also fell, retreating from gains early in the session at the Chicago Board of Trade. The […] Read more
U.S. grains: Corn up on bargain buying after five-week low
Chicago | Reuters — U.S. corn, soybean and wheat futures rose on Tuesday, rebounding from earlier losses on technical buying and bargain hunting even as autumn harvests advanced more quickly than usual under dry weather conditions. Corn jumped from a five-week low and soybeans gained for the first time in five sessions. Wheat bounced from […] Read more
U.S. grains: Wheat hits four-week low as relieving rains forecast
Chicago | Reuters –– U.S. wheat futures fell to the lowest levels in about a month while corn and soybeans also eased on Monday, pressured by forecasts for crop-friendly rains and plentiful global supplies, traders and analysts said. Showers this week were likely to benefit parched wheat fields in Russia and the southern U.S. Plains […] Read more
U.S. grains: Corn, wheat fall for second day on harvest, ample supply
Chicago | Reuters — U.S. grains were lower on Wednesday, with both corn and wheat easing about one per cent for their second straight session of declines on pressure from the advancing corn harvest and plentiful global grain supplies. Soybeans reversed from earlier gains to turn narrowly lower, in light trading volumes in each commodity […] Read more
U.S. grains: Soybeans hit three-week high as crop condition declines
Chicago | Reuters –– U.S. soybeans rose to a three-week high on Tuesday, underpinned by a U.S. Department of Agriculture report showing a slight deterioration in crop ratings that could result in lower yields. Wheat and corn declined at the Chicago Board of Trade (CBOT) in relatively thin volumes in all three commodities, with many […] Read more
U.S. grains: Corn extends run to one-month top on USDA yield cut
Chicago | Reuters — U.S. corn surged to a one-month high while wheat and soybean futures also rose sharply on Monday as investors bet the U.S. Department of Agriculture will reduce crop production forecasts in reports due in the coming weeks. Traders also exited short positions in nearby Chicago Board of Trade contracts as September […] Read more
Cyber-Savvy Farmer
