Disaster aid will be slow to come for South Dakota ranchers who lost as many as 60,000 head of cattle during an historic blizzard over the weekend, industry officials said on Tuesday. Cattle died of hypothermia or suffocated under snowdrifts after a “perfect storm” brought rain, then record snowfall and strong winds to the portion […] Read more
Record blizzard kills South Dakota cattle
U.S. wheat eases on way to third straight weekly gain
U.S. wheat futures edged lower on Friday but hovered near a 3-1/2 month high and notched their third straight weekly gain amid tightening global supplies and strong demand. Soybean and corn futures were each narrowly higher in light volume at the Chicago Board of Trade. Prices rebounded from recent lows, with soybeans getting a boost […] Read more
U.S. wheat hits 3-1/2 month high on tighter supply outlook
U.S. wheat rose for a third straight session on Thursday, hitting a 3-1/2 month high and increasing its premium over corn to the largest in more than three years amid strong export demand and supply risks in major producing countries. Profit-taking late in the trading session took wheat off its highs, while farmer selling and […] Read more
U.S. wheat hits 11-week high on export optimism
U.S. wheat climbed to an 11-week high on Wednesday on bets that slow grain shipments out of the Black Sea region could help maintain the brisk pace of U.S. exports. Soybeans also gained at the Chicago Board of Trade, rebounding from a recent 19-month low on light investment fund buying of agricultural commodities. Corn ended […] Read more
Chicago soy loss deepens, corn at three-year low
U.S. soybeans plunged to a 19-month low on Tuesday for their worst drop since February in the wake of government reports on Monday that showed larger-than-expected existing supplies and improving conditions for the new crop. Corn futures also fell, hitting their lowest levels in three years as U.S. farmers harvested a forecasted record-large corn crop […] Read more
Chicago corn, soy fall most in months on USDA stocks surprise
U.S. corn futures plunged to a three-year low on Monday and soybeans fell the most since February to a five-week bottom after a government crop report surprised traders by showing larger-than-expected stocks of both commodities. The declines at the Chicago Board of Trade capped corn’s worst quarterly performance in 17 years and soybeans’ poorest such […] Read more
U.S. wheat hits two-month low as harvest advances
U.S. wheat futures settled at the lowest level in more than two months on Friday as harvest advanced in the southern Plains, while new-crop corn and soybean futures eased on ideal growing conditions for the young crops. Farmers were gathering hard red winter wheat in Texas and Oklahoma, with harvest likely to begin soon in […] Read more
U.S. corn, soy fall as growing conditions turn ideal
U.S. grain futures fell on Thursday, with corn hitting a three-week low and soybeans down two per cent, as ideal growing conditions developing in the Midwest grain belt dampened bullish sentiment over tight old-crop supplies. Soybean futures posted their largest daily loss in about a month as investors sold off long positions and exited bull […] Read more
U.S. corn falls most in a month on forecast record output
U.S. corn futures fell 2.5 per cent for their largest decline in a month on Wednesday as the market was caught off guard when the government cut its production estimates less sharply than expected. The U.S. Department of Agriculture’s monthly supply and demand report said farmers will harvest 14 billion bushels of corn. This would […] Read more
U.S. corn, soy jump in bull spreading ahead of report
U.S. grains rallied on Tuesday, with corn and soybeans each gaining more than one per cent and rebounding from steep losses on tight supply concerns ahead of a government crop report due on Wednesday. Wheat futures also rose for the first time in five sessions, as Japan announced its first feed wheat tender following the […] Read more