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Nov 19, 2014

Ethanol tumbles 7 pct on near-record U.S. production

CHICAGO, Nov 19 (Reuters) – U.S. ethanol futures
tumbled more than 7 percent on Wednesday after the Energy
Information Administration pegged production of the grain-based
biofuel last week at the second highest level on record.

The EIA said ethanol production in the week ending Nov. 14
averaged 970,000 barrels per day, the highest rate since the
record production of 972,000 bpd in the week of June 13.

Nov 18, 2014

Corn down most in 2 months as record harvest nears completion

CHICAGO, Nov 18 (Reuters) – U.S. grain and soybean futures
eased on Tuesday, with corn on pace for its worst slump in
nearly two months as investors took profits and record-large
corn and soybean harvests neared completion.
Chicago Board of Trade corn futures lost ground for the
third straight session while wheat eased for the second day.
Each contract declined following three-month highs last week.
Soybeans reversed from gains earlier in the session.
“When the market breaks like this, it tells me that buyers
have enough for now,” said Dave Fogel, a broker at Advance
Trading.
Record export demand for soybeans and soymeal and strong
domestic demand for corn from ethanol producers helped limit the
declines, while bitter cold in the United States could damage
emerging wheat plants.
“We’ll find good support from end users and funds defending
their long positions,” Jefferies Bache analyst Shawn McCambridge
said of the corn pit. “I just don’t see heavy sellers coming
into this market.”
CBOT December corn was down 5-1/2 cents at $3.72 per
bushel and January soybeans were off 14-3/2 cents at
$10.21-1/2 as of 11:20 a.m. CST (1720 GMT).
CBOT December wheat fell 5-1/4 cents to $5.46-3/4
after the contract had its best week last week in two years.
The U.S. Agriculture Department said after the close of
trading on Monday that the corn harvest was 89 percent complete
and the soy harvest 94 percent complete, with cuttings of each
crop mostly on pace with recent years after a slow start.

The corn harvest lagged in the northern Corn Belt states of
Michigan, Wisconsin and portions of Minnesota, where snowfall
could delay the final phases of autumn fieldwork, agricultural
meteorologists said.
“Despite those three places, harvest is essentially over,”
Fogel said.
In wheat-growing regions in the U.S. Plains,
colder-than-normal conditions could persist for the next 10 days
before normal temperatures return, the Commodity Weather Group
said.

Nov 17, 2014

Soybeans rally on record exports, big U.S. crush

CHICAGO, Nov 17 (Reuters) – U.S. soybeans trimmed early
losses and turned higher on Monday after government and private
reports showed larger-than-expected demand for the beans from
exporters and crushers.

Wheat and corn futures each fell more than 1 percent at the
Chicago Board of Trade, pressured by disappointing international
demand for U.S. grain.

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.