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Nov 11, 2013

Wheat more attractive to U.S. farmers with corn price at 3-yr low

CHICAGO, Nov 11 (Reuters) – A drop in corn prices to a
three-year low this autumn has caused U.S. farmers to
contemplate boosting their wheat plantings, a shift that would
stem a decades-long trend toward corn.

Wheat futures have surged this autumn, hitting a 4-1/2 month
high as planting of the winter wheat crop kicked into high gear
in the U.S. Plains. Prices for corn fell just as wheat was
rallying, a rare divergence between the two markets that
typically move in the same direction.

Nov 7, 2013

Corn, soy futures firm with cash market before USDA report

CHICAGO, Nov 7 (Reuters) – U.S. corn and soybean futures
rose on Thursday, one day ahead of a key U.S. government report,
due to strength in the cash market as well as signs of firm
demand on the export market, traders said.

Wheat futures were mixed, with Chicago Board of Trade soft
red winter wheat following corn but Kansas City Board of Trade
hard red winter wheat and MGEX spring wheat contracts pressured
by abundant supplies.

Nov 5, 2013

US wheat falls on good crop prospects; corn, soy also weak

CHICAGO, Nov 5 (Reuters) – U.S. wheat futures fell to their
lowest in nearly six weeks on Tuesday due to improving crop
prospects in the U.S. Plains and declining demand on the export
market, traders said.

Soybeans also fell, hitting their lowest since February
2012, while corn was close to unchanged and hovering near a
three-year low. Expectations for an upcoming U.S. government
report to show huge U.S. production of both crops weighed on
both commodities.

Nov 4, 2013

U.S. soy rises on short-covering, bargain buying ahead of USDA report

CHICAGO, Nov 4 (Reuters) – U.S. soybean futures rose on
Monday on a round of bargain buying and short-covering after
prices fell to their lowest in 21 months during the overnight
trading session.

Traders also were squaring up positions ahead of the U.S.
Department of Agriculture’s much anticipated monthly supply and
demand report on Friday. The October report was scuttled due to
the partial shutdown of the federal government.

Oct 30, 2013

CBOT corn falls on big U.S. harvest, pressures wheat

CHICAGO, Oct 30 (Reuters) – U.S. corn futures sagged for the
third time in four days on Wednesday, weighed down by the
ongoing harvest of what is expected to be a record crop in the
United States, traders said.

The weakness in corn, which was hovering near a three-year
low, weighed on the wheat market.

Oct 24, 2013

Citgo Illinois refinery shut after fire; gasoline spikes

LEMONT, Illinois (Reuters) – Citgo Petroleum Corp effectively shut down its refinery in Illinois after a fire at its main crude unit and said on Thursday it did not know when operations would resume, sending gasoline prices higher.

The Wednesday night fire at the 174,500 barrel per day (bpd) refinery in Lemont, Illinois, broke out at a crude distillation unit, the workhorse of any refinery that processes crude oil into feedstock for other units within the plant.

Oct 13, 2013

Kenyans dominate Chicago marathon

CHICAGO (Reuters)- – Dennis Kimetto and Rita Jeptoo led a Kenyan sweep in contrasting styles at the Chicago marathon on Sunday in a race staged amid heightened security after the Boston marathon bombings in April which killed three people.

Kimetto won the men’s race after a gripping duel with compatriot Emmanuel Mutai while Jeptoo cruised to an easy victory to add the Chicago women’s crown to the Boston title she won this year.

Oct 9, 2013

Security tightened for Chicago Marathon after Boston attack

CHICAGO (Reuters) – Increased security will be in effect for Sunday’s Chicago Marathon, the first major marathon staged in the United States since the tragic April bombing at the Boston race, organizers and police said.

Organizers have instituted baggage checks for runners and fans as well as restricting access to key points along the 26.2-mile route that winds through the downtown Loop, passes Lincoln Park Zoo and neighborhoods such as Little Italy and Chinatown.

Aug 28, 2013

Cash-rich U.S. farmers slow to sell huge corn, soybean crops

By Mark Weinraub

CHICAGO, Aug 28(Reuters) – Several years of profitable crops
have left U.S. farmers with enough cash that they can delay
additional sales of corn and soybeans, which could be bad news
for food companies, livestock feeders, and exporters hoping for
an abundance of low-price grain after this year’s harvest.

While the U.S. Agriculture Department has forecast huge corn
and soybean crops this autumn, these rich farmers have enough
on-farm grain storage to hold onto much of their bounty until
prices move higher.

Jul 25, 2013

Northern N Dakota wheat crop seen below 2012 after late plant -tour

DEVILS LAKE, North Dakota, July 24 (Reuters) – Spring wheat
yields across northern North Dakota were projected lower than a
year ago but were still trending above average despite severe
planting delays, scouts on an annual crop tour of the top U.S.
spring wheat state said on Wednesday.

The crop was less mature than usual due to the delays and
will need good weather in the next few weeks to reach its full

    • 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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