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Sep 2, 2015

Hard wheat futures hit 8-year low on plentiful supplies

CHICAGO, Sept 2 (Reuters) – U.S. wheat futures sank on
Wednesday, weighed down by signs of abundant supplies and dim
prospects for U.S. exports, traders said.

The front-month K.C. hard red winter wheat contract
shed 2.5 percent and hit its lowest in more than eight years,
while the most actively traded Chicago Board of Trade December
soft red winter wheat contract touched contract lows.

Sep 2, 2015

Wheat drops on supply glut; hard red winter wheat at 8-yr low

CHICAGO, Sept 2 (Reuters) – U.S. wheat futures sank on
Wednesday, weighed down by signs of abundant supplies and dim
prospects for U.S. exports, traders said.

The front-month K.C. hard red winter wheat contract
shed 2.8 percent and hit its lowest in more than eight years,
while the most actively traded Chicago Board of Trade December
soft red winter wheat contract flirted with contract lows.

Sep 1, 2015

U.S. corn, soy futures drop on Chinese manufacturing woes

CHICAGO, Sept 1 (Reuters) – Chicago Board of Trade corn and
soybean futures fell sharply on Tuesday on concerns that
commodity purchases from China will slow as that country’s
economy softens, traders said.

Wheat futures edged higher despite worries about the
viability of U.S. exports as investment funds covered short
positions following a decline to the lowest levels in nearly
four months on Monday.

Sep 1, 2015

Soybeans, corn fall as China woes raise export concerns

CHICAGO, Sept 1 (Reuters) – Chicago Board of Trade corn and
soybean futures dropped on Tuesday on concerns that commodity
purchases from China will slow as the country’s economy softens,
traders said.

Wheat futures firmed despite worries about the viability of
U.S. exports as investment funds covered short positions
following a decline to the lowest in nearly four months on
Monday.

Aug 31, 2015

U.S. corn, soybeans, wheat post monthly loss

CHICAGO, Aug 31 (Reuters) – Chicago Board of Trade soybean
futures edged higher on Monday on a round of end-of-month short
covering while wheat was mixed and corn settled close to
unchanged, traders said.

Corn, soybeans and wheat posted monthly losses during
August, the second straight month of declines for all three
commodities. Expectations that a bumper harvest in the fall will
add to an already ample global supply base weighed on grains
throughout the month.

Aug 31, 2015

U.S. wheat weakens on demand woes; soy, corn falls too

CHICAGO, Aug 31 (Reuters) – Chicago Board of Trade wheat
futures fell for the fifth straight day on Monday, hitting their
lowest in nearly four months on low demand for U.S. supplies on
the export market, traders said.

Soybean futures also slipped on concerns that economic woes
in China will limit purchases from the world’s top buyer of the
oilseed. Projections for a big U.S. harvest added pressure on
concern it would swell already ample global supplies.

Aug 12, 2015

USDA sees bumper corn, soy crops despite floods; futures sink

WASHINGTON, Aug 12 (Reuters) – U.S. corn and soybean
harvests were pegged above expectations this year as strong
yields in areas west of the Mississippi River will make up for
problems caused by excessive rains in eastern production states,
the government said on Wednesday.

The U.S. Department of Agriculture forecast the 2015-16
soybean harvest at 3.916 billion bushels based on an average
yield of 46.9 bushels per acre. Both figures were above the
government’s previous forecasts and topped the high end of the
range of market estimates.

Aug 12, 2015

USDA sees bumper U.S. soy, corn crops despite spring floods

WASHINGTON, Aug 12 (Reuters) – U.S. corn and soybean
harvests were pegged above expectations this year as strong
yields in areas west of the Mississippi River will make up for
problems caused by excessive rains in eastern production states,
the government said on Wednesday.

The U.S. Agriculture Department forecast the 2015/16 soybean
harvest at 3.916 billion bushels, based on an average yield of
46.9 bushels per acre. Both figures were above the government’s
previous forecasts and topped the high end of the range of
market estimates.

Jul 31, 2015

Soybean, corn futures fall; wheat mixed

CHICAGO, July 31 (Reuters) – Chicago Board of Trade soybean
futures fell on Friday, pressured by profit-taking and the
cancellation of an export deal with China, traders said.

Wheat futures were mixed, with CBOT soft red winter wheat
and K.C. hard red winter wheat edging higher on some
end-of-month short-covering. MGEX wheat fell on forecasts for a
bumper crop in the northern U.S. Plains.

Jul 31, 2015

U.S. soy falls after canceled China deal; wheat firm; corn flat

CHICAGO, July 31 (Reuters) – Chicago Board of Trade soybean
futures fell on Friday, pressured by profit taking and the
cancellation of an export deal with China, traders said.

Wheat futures edged higher on some end-of-month
short-covering while corn was unchanged. Bargain buying lent
support to corn, but the grain faced pressure from hefty U.S.
harvest expectations because of near-ideal weather for crop
development throughout July.

    • About Mark

      "I cover grain futures out of Chicago, with a focus on the wheat market. Examining the effects of world crop production on prices and the vagaries of export demand for U.S. supplies takes up most of my time. Previously, I was a reporter on the equities desk in New York and I got my start as a news assistant in the Washington Bureau."
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