Mark's Feed
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.

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.

    • 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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