Michael's Feed
Jul 17, 2015

Corn, wheat fall 1 pct or more on dollar gains, U.S. weather

CHICAGO, July 17 (Reuters) – U.S. corn and wheat fell as
much as 2 percent on Friday, while soybeans also declined as the
dollar climbed and rains provided needed moisture in the western
half of the Midwest Crop Belt.

Chart-based selling also was noted as prices for the crops
fell below key moving averages, triggering long liquidation.
Light short-covering limited losses, though, with some investors
exiting positions ahead of the weekend in a common occurrence in
summer “weather markets.”

Jul 17, 2015

Corn, wheat fall nearly 2 pct on dollar gains, U.S. weather

CHICAGO, July 17 (Reuters) – U.S. corn and wheat fell nearly
2 percent on Friday, while soybeans also declined as the dollar
climbed and rains provided needed moisture in the western half
of the Midwest Crop Belt.

Chart-based selling also was noted as prices for the crops
fell below key moving averages, triggering long liquidation.
Light short-covering limited losses, though, with some investors
exiting positions ahead of the weekend in a common occurrence in
summer “weather markets.”

Jul 15, 2015

Corn, soy fall on fund liquidation, better U.S. weather

CHICAGO, July 15 (Reuters) – U.S. corn and soybean futures
continued to retreat from multimonth highs on Wednesday,
pressured by investment fund selling tied to outlooks for drier
weather in the United States and reduced export demand.

Wheat futures declined to a two-week low as a rising dollar
contributed to a broad commodities selloff, with gold and
crude oil prices also falling sharply.

Jul 14, 2015

Corn tumbles from 1-year high on drier U.S. weather outlook

CHICAGO, July 14 (Reuters) – U.S. corn futures retreated
from an earlier one-year high and fell as much as 2 percent on
Tuesday on technical selling and forecasts for crop-friendly
weather in the United States.

Wheat futures also were lower, pressured by the advancing
winter wheat harvest. Soybean futures were little changed as a
Monday report of a decline in U.S. crop conditions was offset by
outlooks for favorable weather ahead.

Jul 13, 2015

Corn hits 1-year high on supply outlook, U.S. crop conditions

CHICAGO, July 13 (Reuters) – U.S. corn futures rose on
Monday for the fifth straight session, hitting a one-year high
on better-than-expected demand and as heavy rains limited the
yield potential of the new crop.

The U.S. Department of Agriculture, in a monthly report
issued on Friday surprised investors, showing corn and soybean
supplies at levels smaller than anticipated, sending prices
higher for each crop.

Jul 13, 2015

Corn holds near 1-year high on tightening supply outlook

CHICAGO, July 13 (Reuters) – U.S. corn futures rose on
Monday, on pace for their fifth straight session of gains and
holding near the highest levels in a year, on
better-than-expected demand and as heavy rains limited yield
potential of the new crop.

Soybeans were also higher on punishing showers while wheat
futures fell as much as 2 percent on lackluster export demand.

Jul 8, 2015

Brazilian corn cargos bound for Southeastern U.S. -traders

CHICAGO, July 8 (Reuters) – Cargill Inc next week
is likely to load 50,000 tonnes of Brazilian corn bound for the
United States, shipping data showed on Wednesday, in what is
expected to be the first of several bulk vessels of South
American grain that will be imported here this year.

Hog and poultry producers in the Southeastern United States
purchased two vessels of corn from South America for arrival in
August and September while at least one other vessel was likely
to arrive by March, three U.S. corn export traders said.

Jul 6, 2015

U.S. ethanol makers race to expand even with policy uncertainty

NEW YORK/CHICAGO, July 6 (Reuters) – Some U.S. ethanol
producers are racing to bring on capacity, pushing output to
fresh highs even as soaring corn prices tighten margins and the
nation’s biofuels program faces prolonged uncertainty.

Betting on exports and robust domestic fuel demand, four
companies are finalizing expansions and projects that will add
375 million gallons of corn-based ethanol capacity this year.

Jul 2, 2015

Prices cool for ringside seats as Chicago futures floors wind down

CHICAGO, July 2 (Reuters) – The cost of membership at
Chicago’s famous futures trading exchanges has topped $1 million
in the past as traders snapped up the chance for benefits like
cut-price fees on deals.

But prices are sinking as the imminent closure of a huge
part of business on the trading floors reduces the appeal of a
ringside seat, and threatens a supply glut for sale or leasing
as many players retire.

Jul 2, 2015

Hungry hogs, cattle gobble up grain during U.S. bird flu outbreak

CHICAGO (Reuters) – Higher numbers of hogs, cattle and broiler chickens are gobbling up animal feed, eating into supplies that were expected to grow due to the loss of 48 million chickens and turkeys in the worst-ever outbreak of bird flu in U.S. history.

The U.S. Department of Agriculture shocked markets on Tuesday when it reported that corn stocks as of June 1 were 2 percent smaller than traders and analysts had expected and soybean stocks were about 7 percent tighter.