Michael's Feed
Nov 5, 2014

Pasta prices on the boil after global durum crop disappoints

CHICAGO/LONDON, Nov 5 (Reuters) – Pasta lovers are not
savoring the lowest wheat prices in years.

This year’s wheat harvest was the biggest ever, but the
durum crop – the type of wheat used for pasta – was the smallest
in 13 years. As a result, makers of the Italian cuisine staple
face the highest costs in four years for the prized wheat
variety milled into the semolina flour that makes pasta noodles.

Oct 31, 2014

Soymeal heads for biggest monthly gain since 1976 on tight supply

CHICAGO, Oct 31 (Reuters) – U.S. soymeal shrugged off early
losses to gain 2 percent on Friday, on course for its biggest
monthly gain since 1976, as short-term supply strains in the
United States continued to fuel buying.

Soybeans were also higher, following gains in soymeal, while
wheat and corn futures declined on pressure from multiyear highs
in the dollar that made the crops less competitive in global
markets.

Oct 30, 2014

Soymeal eases on profit-taking on way to best month since 1976

CHICAGO, Oct 30 (Reuters) – U.S. soymeal futures fell 2.7
percent on Thursday, heading for their biggest daily losses in
two months as investors locked in profits after prices for the
protein-rich animal feed soared to a seven-week high.

Soybean futures shed 1 percent, while corn was roughly
unchanged following a spike in sales by U.S. farmers, who were
harvesting record-large crops. A slow start to the autumn
harvest and light farmer offerings had propped up grain prices
to multiweek highs earlier in the session.

Oct 29, 2014

Soymeal jumps 7 pct on rail woes, record export demand

CHICAGO, Oct 29 (Reuters) – U.S. soymeal surged 7 percent on
Wednesday, increasing this week’s gains to the largest in six
years as a slow start to a record soybean harvest coupled with
slow traffic on the nation’s railroads forced crushing plants to
cover short cash positions in the futures market.

Soybeans jumped nearly 3 percent and corn 1.8 percent, with
each futures contract pushed higher by the gains in soymeal.

Oct 28, 2014

Soybeans trim gains after short-covering surge

CHICAGO, Oct 28 (Reuters) – U.S. soybean futures pared gains
after rising to a nearly two-month high on Tuesday after a rally
fuelled by soaring soymeal prices sparked a round of farmer
sales and investor profit taking.

Soybean and soymeal futures each traded in both
positive and negative territory in volatile dealings at the
Chicago Board of Trade. A record-large U.S. soy harvest started
to gain steam after a slow start, replenishing supplies that had
run short at domestic processing plants.

Oct 3, 2014

Soy falls on big yields, heads for gain on harvest delays

CHICAGO, Oct 3 (Reuters) – U.S. soybeans edged lower on
Friday, losing ground for the first time in three sessions on
pressure from impressive yield results during the early days of
a record harvest.

But prices for the oilseed were on track for a modest weekly
gain at the Chicago Board of Trade after rains delayed fieldwork
in the Midwestern crop belt during the latter half of the week.

Oct 1, 2014

Corn, soy rebound on short-covering after multiyear lows

CHICAGO, Oct 1 (Reuters) – U.S. corn and soybeans edged
narrowly higher on Wednesday as investors covered short
positions after prices fell to multiyear lows earlier in the
session and while rains stalled record harvests in the
Midwestern crop belt.

Wheat futures also were higher, stabilizing after their
four-year low reached last week. The gains followed the U.S.
Agriculture Department’s largely bearish quarterly stocks and
small grains summaries that were released on Tuesday.

Sep 30, 2014

Soybeans set for biggest quarterly loss in 6 years on supply pressure

CHICAGO, Sept 30 (Reuters) – U.S. soybeans eased 1 percent
on Tuesday, giving back most of their gains from the previous
session and heading for their biggest quarterly loss in six
years, sapped by the prospect of a record U.S. crop and a surge
in the dollar.

Wheat also fell sharply while corn was narrowly lower as
investors squared books in the final trading day of the third
quarter and awaited a quarterly stocks report from the U.S.
Department of Agriculture due at 11 a.m. CDT (1600 GMT).

Sep 29, 2014

Corn, soy rebound after multiyear lows on record U.S. harvest

CHICAGO, Sept 29 (Reuters) – U.S. corn and soybeans edged
higher on Monday, rebounding from their multiyear lows reached
earlier in the trading session amid the advancing harvest of
record crops and a continuing dollar rally that dented export
hopes.

Wheat futures also were mostly higher at the Chicago Board
of Trade after the dollar trimmed gains against a basket
of other currencies. Plentiful global grain supplies and a
surging greenback have made U.S. corn and wheat less competitive
in top export destinations in Asia, Africa and the Middle East.

Sep 26, 2014

Corn, soy at fresh 4-year lows on accelerating US harvest

CHICAGO, Sept 26 (Reuters) – U.S. corn and soybeans extended
losses to reach fresh four-year lows on Friday as weather
conditions remained ideal for record harvests in the Midwestern
crop belt while new highs in the dollar made the supplies less
competitive in global markets.

Wheat futures were narrowly higher, pressured by prospects
of a record global crop this season.