Michael's Feed
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.

Apr 29, 2015

Corn rebounds from 6-month low on technicals, weak dollar

CHICAGO, April 29 (Reuters) – U.S. corn edged higher on
Wednesday, rebounding from a six-month low notched in the
previous session on light investor short covering and a weaker
dollar.

Soybeans also gained at the Chicago Board of Trade on
exporter demand, led by top importer China, while wheat prices
were mixed after Tuesday’s nearly five-year low.

Apr 28, 2015

Wheat higher on short-covering after nearly 5-year low

CHICAGO, April 28 (Reuters) – U.S. wheat futures were
narrowly higher on Tuesday, rising in a short-covering bounce
after tumbling to their lowest levels since June of 2010 earlier
in the session.

Bargain buying, coupled with a weaker dollar, offset
pressure from stable U.S. crop conditions and recent rains in
dry portions of the southern Plains.

Apr 28, 2015

Wheat near 5-year low on good U.S. crop conditions, rains

CHICAGO, April 28 (Reuters) – U.S. wheat tumbled to its
lowest levels since June 2010 on Tuesday, pressured by stable
crop conditions and recent rains in what were dry portions of
the southern Plains.

A massive net short position held by speculative investors
also weighed on Chicago Board of Trade wheat futures <0#W:> amid
plentiful global grain supplies and cheaper offerings out of
Europe and the Black Sea region.