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Jul 10, 2015

U.S. old-crop soy, corn stocks miss forecasts, prices soar

WASHINGTON, July 10 (Reuters) – The U.S. Agriculture
Department on Friday cut its outlook for the supply of corn and
soybeans that will be left over at the end of the 2014/15
marketing year by more than expected, sending futures prices
sharply higher.

But new-crop corn and soybean stocks came in above
expectations due to large harvests of both commodities, the
government said.

Jul 10, 2015

U.S. new-crop corn, soy supply view tops forecasts on bumper harvests

WASHINGTON, July 10 (Reuters) – U.S. corn and soybean
supplies will be bigger than expected at the end of the 2015/16
marketing year due to large harvests of both commodities, the
government said on Friday.

But old-crop supplies were cut by more than expected.

The U.S. Agriculture Department left its average yield
estimates for both crops unchanged – 166.8 bushels per acre for
corn and 46 bushels per acre for soybeans – despite a wet spring
that has raised concerns about crop development.

Jul 9, 2015

Soybeans, corn rally ahead of USDA report; wheat mixed

CHICAGO, July 9 (Reuters) – Chicago Board of Trade soybean
futures surged 2.9 percent on Thursday on concerns that more
rain in the U.S. Midwest would hinder crop development, traders
said.

Corn futures followed soybeans higher.

Expectations that the U.S. Agriculture Department will trim
its production forecast for both commodities in its monthly
supply and demand report on Friday added support. The USDA also
was expected to tighten its estimate of domestic corn and
soybean stocks.

Jul 1, 2015

Wheat crumbles after hitting 6-month high, soy also weak

CHICAGO, July 1 (Reuters) – Chicago Board of Trade soft red
winter wheat futures plunged 4.4 percent on Wednesday, with the
front-month contract crashing from a six-month high as investors
locked in profits from Tuesday’s corn-led rally, traders said.

Corn closed mostly firmer after trading in negative
territory for much of the day while soybeans fell. Both
commodities settled above session lows, supported by ongoing
concerns about excessive rains reducing final crop yields in the
U.S. Midwest.

Jun 30, 2015

U.S. corn, soy stocks grow less than expected; demand strong

WASHINGTON, June 30 (Reuters) – U.S. soybeans and corn
stocks ballooned from a year ago but still missed market
forecasts as strong demand ate into supplies, the U.S.
Agriculture Department said on Tuesday.

Wheat supplies were bigger than expected. U.S. wheat has
struggled on the export market and weak prices for corn have cut
demand for wheat from domestic livestock producers.

Jun 30, 2015

U.S. corn, soybean stocks rise despite heavy usage

WASHINGTON, June 30 (Reuters) – U.S. soybean and corn stocks
ballooned from a year ago but supplies were below market
forecasts due to heavy demand for both commodities, the U.S.
Agriculture Department said on Tuesday.

Wheat supplies were bigger than expected. U.S. wheat has
struggled on the export market and weak prices for corn have cut
demand for wheat from domestic livestock producers.

Jun 29, 2015

Wheat firms as rain slows U.S. harvest; corn, soy mostly weaker

CHICAGO, June 29 (Reuters) – Chicago Board of Trade wheat
futures rose 2.5 percent on Monday, closing in positive
territory for the sixth time in seven sessions on support from
wet weather that has been delaying harvest in key U.S. growing
areas, traders said.

The concerns about the slow harvest, which was most
pronounced in areas east of the Mississippi River, have led to a
round of speculative short covering in wheat. The front-month
Chicago Board of Trade soft red winter wheat contract hit its
highest level since Jan. 7.

Jun 22, 2015

U.S. Plains flooding refills soil moisture, farmers’ wallets

CHICAGO (Reuters) – Farmers are reaping higher yields and ranchers’ feed costs have fallen sharply since flooding swept across the southern U.S. Plains in May, with the record rains providing tangible benefits to agriculture despite causing damage that will likely cost billions of dollars to repair.

The storms inundated fields across Texas and Oklahoma but they broke a years-long drought that wreaked havoc on the profitability of growers and cattlemen.

Jun 19, 2015

Profit-taking pressures soybeans, corn falls on improving weather view

CHICAGO, June 19 (Reuters) – Chicago Board of Trade soybean
futures fell on Friday, setting back from a three-day rally on a
round of profit-taking after prices hit their highest in more
than a month, traders said.

Corn futures also fell, pressured by forecasts for drier
weather and rising temperatures that will foster corn
development.

Jun 19, 2015

Soybeans fall on profit taking; corn, wheat weak

CHICAGO, June 19 (Reuters) – Chicago Board of Trade soybean
futures fell on Friday, setting back from a three-day rally on a
round of profit taking after prices hit their highest in more
than a month, traders said.

Wheat and corn futures also fell, pressured by forecasts for
drier weather and rising temperatures that will foster corn
development and allow farmers to harvest their wheat crop.

    • 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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