Michael's Feed
Jun 2, 2015

Expansion in U.S. ethanol on hold after blending targets slashed

CHICAGO (Reuters) – Expansion in the U.S. ethanol industry, stuck in neutral for more than a year as the government debated biofuel blending requirements, is now likely to come to a screeching halt.

With the U.S. Environmental Protection Agency last week essentially maintaining the so-called blend wall that mandates nearly every gallon of gasoline sold in the United States contain 10 percent ethanol, there is little need for new plants in a saturated market, industry sources said.

May 22, 2015

Soy, corn, wheat tumble as dollar firms before long weekend

CHICAGO, May 22 (Reuters) – U.S. grains and oilseeds fell
more than 1 percent on Friday, with soybeans tumbling to the
lowest levels since October in a broad commodities selloff as
the dollar rallied against a basket of global currencies.

Soybeans, corn and wheat each reversed earlier gains and
fell to session lows as the dollar rode to session highs by
midmorning, before another round of selling in the minutes
before the close. Some investors also were liquidating holdings
ahead of the three-day U.S. Memorial Day holiday weekend.

May 22, 2015

Wheat, corn ease 1 pct as dollar firms ahead of long weekend

CHICAGO, May 22 (Reuters) – U.S. wheat and corn futures each
fell as much as 1 percent on Friday, reversing from earlier
gains in a technical selloff as the dollar rallied against a
basket of global currencies.

Soybean futures also edged lower in overall thin volumes at
the Chicago Board of Trade as investors exited positions ahead
of the three-day weekend for Monday’s U.S. Memorial Day holiday.

May 20, 2015

U.S. soy at 7-month low, corn weak on favorable U.S. weather

CHICAGO, May 20 (Reuters) – U.S. soybeans fell to
seven-month lows and corn to one-week lows on Wednesday,
pressured by forecasts for near-ideal growing conditions for the
crops next week in the United States.

Cold temperatures that supported prices earlier this week
were seen warming up by next week. Coupled with recent rainfall
in the Midwestern crop belt, the extended outlook was seen as
beneficial to the crops with farmers nearly done with corn
plantings and about halfway done with soybean sowings.

May 19, 2015

Soybeans fall to contract lows on speedy U.S. plantings

CHICAGO, May 19 (Reuters) – U.S. soybeans fell to contract
lows while corn eased 1.8 percent on Tuesday, pressured by
faster-than-normal spring plantings and overall favorable crop
conditions in the United States.

Wheat futures tumbled 2.7 percent at the Chicago Board of
Trade, with all three markets reversing from gains in the
previous session as the dollar jumped to a two-week high
against a basket of currencies.

May 18, 2015

Wheat surges 3 pct on more U.S. rains, frost fears

CHICAGO, May 18 (Reuters) – U.S. wheat surged as much as 3
percent to the highest levels in a month on Monday as forecasts
for more rain in the U.S. Plains revived concerns about crop
damage and encouraged buying among investors with large short
positions.

Worries that frost and cold temperatures could reduce yields
in the northern portion of the Plains also bolstered prices for
wheat, which are up nearly 10 percent in less than a week.

May 1, 2015

Corn falls to lowest since October on rapid U.S. plantings

CHICAGO, May 1 (Reuters) – U.S. grains shed as much as 1
percent on Friday as investors sold off positions on the first
day of May amid bearish headwinds of rapid pace of spring
plantings and a strong dollar that could limit export prospects.

Chicago Board of Trade corn futures <0#C:> fell to the
lowest levels since October while soybeans <0#S:> declined from
a three-week high reached in the previous session. Wheat prices
were mixed, hovering near a roughly five-year low notched on
Tuesday.

May 1, 2015

Corn, soy fall 1 pct on U.S. plantings, fund selling

CHICAGO, May 1 (Reuters) – U.S. grains shed about 1 percent
on Friday as investors sold off positions on the first day of
May amid bearish headwinds of rapid pace of spring plantings and
a strong dollar that could limit export prospects.

Chicago Board of Trade corn futures <0#C:> fell to the
lowest levels since October while soybeans <0#S:> declined from
a three-week high reached in the previous session. Wheat prices
were hovering near a roughly five-year low notched on Tuesday.

Apr 30, 2015

Wheat slumps 2 pct on record-large US export cancellations

CHICAGO, April 30 (Reuters) – U.S. wheat fell as much as 2
percent on Thursday, heading for its second straight monthly
decline on pressure from improving crop conditions in the
southern Plains and disappointing weekly export sales.

Corn and soybeans also were lower at the Chicago Board of
Trade, weighed down by favorable weather for U.S. plantings and
offsetting support from a weaker dollar that could improve
export prospects.

Apr 29, 2015

Corn, wheat rebound on technicals, dollar declines

CHICAGO, April 29 (Reuters) – U.S. grains jumped as much as
1 percent on Wednesday, with corn rebounding from a six-month
low and wheat from a nearly five-year low on support from short
covering and a weaker dollar.

Soybeans also gained at the Chicago Board of Trade, buoyed
by a strike of boat captains at the main grains port in
Argentina, the top exporter of soymeal and soyoil.