Mark's Feed
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.

Jun 18, 2015

Soy rallies on short-covering, planting woes; corn, wheat fall

CHICAGO, June 18 (Reuters) – U.S. soybean futures rose for
the third day in a row on Thursday, touching their highest in
more than five weeks on concerns that dry weather will arrive
too late to allow for planting in rain-soaked areas of the
Midwest, traders said.

Traders said the excess moisture could force farmers to cut
back on their intended soy seedings as the optimum window for
planting closes.

Jun 18, 2015

U.S. soybeans rise to five-week high; corn falls

CHICAGO, June 18 (Reuters) – U.S. soybean futures rose for
the third day in a row on Thursday, touching a five-week high on
concerns that dry weather
will arrive too late to allow for planting in rain-soaked areas
of the Midwest, traders said.

Weather concerns also lifted Chicago Board of Trade soft red
winter wheat futures, as the wet fields were slowing harvest of
the crop.

Jun 17, 2015

CBOT corn, soy wheat rise as weather outlook raises concerns

CHICAGO, June 17 (Reuters) – U.S. soybean futures rose on
Wednesday as concerns about rain forcing some farmers to dial
back their plantings sparked a round of short-covering, traders
said.

Corn and wheat futures also closed higher, supported by
technical buying as well as some weather-related concerns.

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.

    • 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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