Mark's Feed
Jun 17, 2015

Weather concerns support U.S. wheat, soybeans

CHICAGO, June 17 (Reuters) – Chicago Board of Trade soft red
winter wheat futures rose 1.2 percent on Wednesday, pulled
higher by concerns that rainy weather may delay harvesting of
the crop in the U.S. Midwest, traders said.

“While heavy rains from Tropical Storm Bill won’t impact
many hard red winter wheat acres, that system will keep fields
in the eastern Midwest (planted with soft red winter wheat) too
wet over the next seven days,” Farm Futures market analyst Bryce
Knorr said in a note to clients.

Jun 16, 2015

Soybeans rally as planting slows, crop concerns emerge; corn firm

CHICAGO, June 16 (Reuters) – Chicago Board of Trade soybean
futures rose as much as 2.5 percent on Tuesday, supported by the
U.S. Department of Agriculture’s cut to crop ratings and its
report showing planting has fallen behind the typical pace,
traders said.

Corn futures rose too, firming on bargain buying after
posting a sharp decline on Monday. The gains in corn, which also
received support from declining crop ratings, pulled it from
contract lows.

Jun 16, 2015

Soy rises after USDA ratings cuts; corn, wheat firm

CHICAGO, June 16 (Reuters) – Chicago Board of Trade soybean
futures rose on Tuesday, supported by the U.S. Agriculture
Department’s cut to crop ratings and its report showing planting
has fallen behind the typical pace, traders said.

Corn and wheat futures rose too, edging higher on mild
bargain buying after posting sharp declines on Monday. The gains
in corn, which also was receiving support from declining crop
ratings, pulled it from contract lows.

Jun 15, 2015

U.S. weather view weighs on CBOT corn, wheat futures

CHICAGO, June 15 (Reuters) – Chicago Board of Trade wheat
futures sank 2.9 percent on Monday, hitting a two-week low on
expectations that drier conditions in the U.S. Plains will allow
farmers to harvest a bumper crop, traders said.

Corn futures also fell, hitting new contract lows amid
pressure from good weather for crop development across the U.S.
Midwest.

Jun 15, 2015

U.S. wheat, corn fall on good weather outlook

CHICAGO, June 15 (Reuters) – Chicago Board of Trade wheat
futures plunged 3 percent on Monday, hitting their lowest since
June 1 on expectations that drier conditions in the U.S. Plains
will allow farmers to harvest a bumper crop, traders said.

Corn futures also fell, hitting new contract lows on
pressure from good weather for crop development across the U.S.
Midwest.

Jun 10, 2015

USDA increases wheat harvest outlook after rains

WASHINGTON, June 10 (Reuters) – Heavy rains across the
southern and central U.S. Plains throughout May boosted wheat
production in that area, the U.S. Agriculture Department said on
Wednesday.

USDA also lowered its soybean supply outlook for the 2015/16
crop year due to increased domestic usage and raised its view of
corn supplies due to lower ethanol production in its monthly
supply and demand report.

Jun 10, 2015

USDA raises wheat production outlook following rain in Plains

WASHINGTON, June 10 (Reuters) – Heavy rains across the
southern and central U.S. Plains throughout May boosted wheat
production in that area, the U.S. Agriculture Department said on
Wednesday.

USDA also lowered its soybean supply outlook for the 2015/16
crop year due to increased domestic usage and raised its view of
corn supplies due to lower ethanol production in its monthly
supply and demand report.

Jun 5, 2015

Profit-taking weighs on U.S. soybeans, corn, wheat

CHICAGO, June 5 (Reuters) – U.S. corn, wheat and soybean
futures fell on Friday on end-of-week profit-taking and
technical selling, traders said.

It was the first time all three commodities posted losses on
the same day since May 26. Some position squaring ahead of the
U.S. Agriculture Department’s monthly supply and demand report
on Wednesday was noted.

Jun 5, 2015

Wheat firm on short-covering; corn, soy weak

CHICAGO, June 5 (Reuters) – Chicago Board of Trade wheat
futures firmed on Friday, and were on track to notch their
biggest weekly gain in nearly three years, as traders further
unwound bearish bets amid uncertainty about the upcoming harvest
in the U.S. Plains.

Soybean and corn futures sagged on a mild profit-taking
setback after hitting their highest in 2-1/2 weeks. Corn’s
decline was limited by the strength in wheat.

Jun 4, 2015

Weather concerns prompt short covering in wheat; soy, corn firm

CHICAGO, June 4 (Reuters) – Chicago Board of Trade wheat
futures jumped 2.3 percent on Thursday, posting their third gain
in the last four sessions as some weather concerns provided the
impetus for traders to cover short positions.

The forecast for more rain, which could slow the tail end of
seeding in parts of the U.S. Midwest, also lent support to
soybeans and corn, traders said. All three commodities closed
near session highs, a bullish sign.

    • 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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