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Jan 14, 2014

Corn dips on profit-taking, wheat off as rebound stalls

CHICAGO, Jan 14 (Reuters) – U.S. corn futures fell 1.4
percent on Tuesday as traders locked in profit from the rally
that followed a surprise government cut to the U.S. harvest

Wheat futures also fell, pressured by ample global supplies,
but soybeans were firm as demand remained strong despite
forecasts for a huge South American harvest, traders said.

Jan 13, 2014

Rising export demand pushes wheat, soybeans higher

CHICAGO, Jan 13 (Reuters) – U.S. soybeans and wheat futures
rose on Monday, with a pickup in export demand supporting both
commodities, traders said.

Corn futures also closed higher, feeding off the strength of
soybeans and wheat, but gains were kept in check by
profit-taking following a 5 percent rally on Friday.

Jan 5, 2014

Amazon’s Bezos rescued by Ecuador Navy due to kidney stone

CHICAGO/QUITO, Jan 4 (Reuters) – founder
Jeff Bezos was airlifted from a cruise ship by the Ecuadorean
Navy after suffering a kidney stone attack in the Galapagos
Islands on New Year’s Day.

“Galapagos: five stars. Kidney stones: zero stars,” Bezos
said in an e-mail provided by Amazon in response to a Reuters
request for comment.

Jan 3, 2014

U.S. wheat threatened by Arctic cold, dryness

CHICAGO, Jan 3 (Reuters) – Bitter cold temperatures across
the U.S. Plains early next week will put some of the dormant
hard red winter wheat crop at risk of damage, particularly in
drier areas of the region, meteorologists and agronomists said
on Friday.

Low temperatures on Monday morning were expected to hit 5 to
15 degrees Fahrenheit below zero (minus 20.6 Celsius to minus
26.1 C) in parts of Kansas and Nebraska, cold enough to destroy
some crops through winterkill.

Dec 27, 2013

U.S. corn sales to China sink on Beijing’s GMO clampdown

CHICAGO, Dec 27 (Reuters) – U.S. corn sales to China fell 85
percent last week, government data showed on Friday, as the
export market was roiled by Beijing’s tighter screening for an
unapproved strain of GMO corn.

Shippers have been forced to divert cargoes already on the
water destined for China, the world’s biggest consumer of feed
grain. Uncertainty over the government policy has cast a pall
over the entire market, limiting gains in futures and worrying

Dec 27, 2013

U.S. corn shipments to China slow after GMO rejections

CHICAGO, Dec 27 (Reuters) – U.S. corn exports to China
slowed as Beijing continued to reject cargoes containing an
unapproved genetically modified strain, government data released
on Friday showed.

The U.S. Agriculture Department said that 204,600 tonnes of
U.S. corn was shipped to China this week, down 17 percent from a
week ago and the smallest amount since early November. The
cargoes to China accounted for about 15 percent of U.S. corn
shipped overseas.

Dec 26, 2013

Corn falls on China GMO concerns; wheat, soy also weak

CHICAGO, Dec 26 (Reuters) – U.S. corn futures fell 1.6
percent to a one-week low on Thursday, pressured by worries of
weakening demand for U.S. supplies from China, traders said.

Wheat and soybean futures also fell, with wheat hitting a
19-1/2 month low due to ample global stocks that weighed on the
export prospects for U.S. supplies. Soybeans dropped on
improving forecasts for crop development in Argentina.

Dec 18, 2013

U.S. wheat hits 18-month low on weak exports; corn, soy firm

CHICAGO, Dec 18 (Reuters) – U.S. wheat futures sank to their
lowest in 1-1/2 years on Wednesday, their fifth straight day of
declines, on poor export demand for U.S. supplies, traders said.

Soybean and corn futures edged higher as traders squared
positions ahead of the U.S. Federal Reserve’s decision on its
stimulus program.

Dec 9, 2013

Soybeans up 1.3 percent on strong demand; corn, wheat firm

CHICAGO, Dec 9 (Reuters) – U.S. soybean futures rose 1.3
percent to a one-week high on Monday morning on strong end user
demand, traders said.

Corn futures were up slightly, supported by the gains in
soybeans, while wheat was steady to firm.

Dec 2, 2013

Corn, soy, wheat falter on concerns about China GMO imports

CHICAGO, Dec 2 (Reuters) – U.S. grain and soybean futures
fell on Monday, with corn hitting its lowest in more than three
years amid concern that China will limit imports of U.S.
agricultural commodities, traders said.

Soybeans led the declines, falling 1.1 percent. The market
faced additional pressure from profit taking after prices hit
their highest since Sept. 19 during overnight trading.

    • 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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