Mark's Feed
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.

Jun 4, 2015

Wheat rallies as weather woes prompt short covering; corn, soy firm

CHICAGO, June 4 (Reuters) – Chicago Board of Trade wheat
futures jumped 1.8 percent on Thursday, and were on track to
post a 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.

Jun 3, 2015

Wheat, soybeans sag after rally; corn steady to firm

CHICAGO, June 3 (Reuters) – U.S. wheat futures fell on
Wednesday, shrugging off weakness in the dollar as investors
locked in profits following two days of sharp gains, traders
said.

Soybean futures ended lower too, pressured by commercial
hedging after farmers booked sales on the cash market following
a rally that pushed futures prices to their highest since May
21.

Jun 3, 2015

Wheat renews rally after dollar turns lower; corn, soy firm

CHICAGO, June 3 (Reuters) – U.S. wheat futures rallied for
the third day in a row on Wednesday as a falling dollar sparked
a fresh round of short-covering, traders said.

The weakening dollar also spurred buying in soybeans and
corn. Prices for all three commodities had traded close to
unchanged during the overnight session but buyers stepped into
the market when the dollar turned lower and eclipsed
Tuesday’s 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."
    • Follow Mark