Karl's Feed
May 28, 2015

Corn rebounds on short covering, lower ethanol stocks

CHICAGO, May 28 (Reuters) – U.S. corn futures on Thursday
rebounded from a seven-month low after three days of declines in
a short-covering bounce and following a government report
showing higher ethanol output and lower stocks of the corn-based
biofuel.

Wheat futures climbed after hitting a two-week low a day
earlier, boosted by a weaker dollar and concerns about the
outlook for crops in Russia, while soybeans were narrowly mixed.

May 27, 2015

Wheat sinks to 2-week low on favorable winter crop rating

CHICAGO, May 27 (Reuters) – U.S. wheat futures fell for the
third straight session on Wednesday, hitting a two-week low on
big global supplies and after a government report pegged U.S.
winter wheat crop ratings above market expectations.

Corn also slumped to a seven-month low on spillover pressure
from sinking wheat and positive U.S. crop ratings, while
soybeans firmed in a rebound from contract lows the previous
day.

May 26, 2015

U.S. wheat plunges on dollar rally, technical selling

CHICAGO, May 26 (Reuters) – U.S. wheat futures plunged more
than 3 percent on Tuesday as pressure from a strong dollar and
technical selling outweighed concerns about crop damage due to
heavy rain in the southern Plains.

Corn prices slid about 1 percent on spillover weakness from
tumbling wheat and generally favorable crop development weather
around the U.S. Midwest, while concerns about rain-delayed
planting supported soybean values.

May 22, 2015

As ethanol boom fades, ADM sees bright future for corn in grocery aisle

CHICAGO, May 22 (Reuters) – The world’s largest corn
processor, Archer Daniels Midland Co, is shifting focus
from its long-standing cash generator ethanol into developing
new food ingredients as the biofuel boom that underpinned its
financial success has cooled.

The shift could be one of the most transformative moves ever
made by 113-year-old ADM, triggered by signs of strain in its
legacy products. Demand for the gasoline additive ethanol is
forecast to remain flat over the next decade while its other
mainstay, high fructose corn syrup (HFCS), is beset by health
concerns.

May 22, 2015

Total U.S. egg output rises in April, but table eggs down -USDA

May 22 (Reuters) – U.S. production of table eggs bound for
breakfast tables, baked goods and other purposes was down 0.6
percent in April, the U.S. Department of Agriculture said on
Friday, as the country’s worst-ever bird flu outbreak decimated
flocks.

Nevertheless, total egg production rose slightly in April,
supported by a greater output of eggs for hatching into
meat-producing birds and more egg-laying hens, the USDA
reported.

May 19, 2015

Google Ventures leads $15 million deal in Farmers Business Network

May 19 (Reuters) – Google Inc and two venture
capitalist firms are investing $15 million in a U.S. tech
company that helps farmers maximize their crops based on data
gathered by agricultural equipment and shared between growers.

Google Ventures, the technology company’s venture capital
unit, is leading the fundraising for farm data startup Farmers
Business Network, FBN announced on Tuesday.

May 5, 2015

ADM 1st-qtr profit jumps on strong oilseed processing results

CHICAGO, May 5 (Reuters) – U.S. agribusiness Archer Daniels
Midland Co on Tuesday reported higher-than-expected
quarterly profit on strong oilseed crushing margins and robust
global demand for soybean meal.

Revenue, however, fell 15 percent as the strong dollar
limited U.S. grain exports, and corn processing profit fell on
weak ethanol margins and lower biofuel production volumes.

Apr 24, 2015

Corn drops to 5-month low on good planting weather

CHICAGO, April 24 (Reuters) – U.S. corn futures dropped to a
five-month low on Friday in a fifth straight losing session on
expectations for a rapid advance in corn planting as forecasters
expect mostly clear weather across the Midwest over the coming
days.

Soybeans surrendered all of the previous session’s gains as
worries abated that a trucker strike could disrupt Brazilian
soybean shipments.

Apr 23, 2015

Soybeans up on trucker strike worry; corn turns lower

CHICAGO, April 23 (Reuters) – U.S. soybean futures snapped
two sessions of declines and climbed to the highest in 2-1/2
weeks on concerns that labor strikes in South America could
limit supplies to ports during the peak export season in Brazil
and Argentina.

Truckers in Brazil began to block roads across the country’s
main farm belt early on Thursday after failing to reach common
ground in negotiations in recent weeks with the government and
freight companies regarding pay and fuel prices.

Apr 23, 2015

Soy up on trucker strike worry; exports lift corn, wheat

CHICAGO, April 23 (Reuters) – U.S. soybean futures snapped
two sessions of declines and climbed to the highest in 2-1/2
weeks on concerns that labor strikes in South America could
limit supplies to ports during the peak export season in Brazil
and Argentina.

Truckers in Brazil began to block roads across the country’s
main farm belt early on Thursday after failing to reach common
ground in negotiations in recent weeks with the government and
freight companies regarding pay and fuel prices.