corn futures quotes

corn futures quotes

June 9th, 2015

Soybeans followed corn in attracting concerns that US farmers might not complete sowings programmes after official data showed seedings falling behind the average rate, with marked shortfalls in some states.

Data overnight from the US Department of Agriculture showed the strong start to the country’s soy sowing season had foundered, with plantings, at 79% complete, 2 points behind the average.

A month before, sowing were, at 31%, 11 points ahead of the typical pace.

The slowdown reflected in particular setbacks in a central Midwest growing belt of Nebraska and, in particular, Kansas and Missouri where heavy rains have slowed fieldwork to a crawl.

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corn options

corn options

April 21st,2015

US corn sowings maintained their slow start, spurring talk of a shift by farmers to later-planted crops, although concerns have yet to spread to the main producing states which would provoke support to prices.

US growers had sowed 9% of their corn as of Sunday – up seven points week on week but behind remaining behind the average of getting 13% of their crop in the ground as of then, US Department of Agriculture data showed.

The figure was also behind market expectations for a figure of at least 10%.

The slow start reflected wet Midwest conditions, particularly in eastern and southern areas, with just 6% of crop in Tennessee sown, compared with an average of 43%.

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corn futures quotes

corn futures quotes

November 13th, 2014

Corn futures rose for a fourth day on speculation that a winter blast in the U.S. will boost demand for animal feed. Wheat fell after reaching a 10-week high yesterday.

Corn for December delivery advanced 0.8 percent to $3.8075 a bushel at 5:06 a.m. on the Chicago Board of Trade. Futures jumped to $3.85 yesterday, the highest price since July 18. Wheat for delivery in March dropped 0.5 percent to $5.4525 a bushel after climbing to $5.49 yesterday, the highest since Sept. 3.

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corn futures options

corn futures options

July 16th, 2014

Corn and wheat futures rose in Chicago amid speculation of buying interest from animal-feed makers and investors after grain prices fell to four-year lows this week.

Corn futures have slumped 25 percent in the past 12 months while wheat fell 19 percent amid expectations for bumper crops to boost supply. World grain stocks will rise to a 15-year high by the end of the 2014-15 season as production of both crops outpaces demand, the International Grains Council forecasts.

“We’ve come to a level where it’s starting to be interesting for buyers,” Arnaud Saulais, a broker at Starsupply Commodity Brokers in Nyon, Switzerland, said by phone. “There’s a bit of buyer interest at this moment. It’s always hard to say whether it will resist harvest pressure.”

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corn options

corn options

June 26th, 2014

Iowa farmer Julius Schaaf isn’t waiting for his corn to grow kernels before he sells this year. As last season’s record harvest spurs bulging inventories, he’s playing it safe, even as most growers hold onto their grain.

“We had perfect planting conditions, and everything is in place to produce a big crop,” said Schaaf, 61, who has already sold 70 percent of the grain he plans to produce on 3,800 acres of corn and soybeans near Randolph, Iowa. That compares with the 25 percent he would normally have sold by this time of year. “I feel pretty good with my hedge positions, because it is evident that prices will take a downturn. With above-average yields, it will be close to break-even.”

A bumper harvest in 2013 means stockpiles in the U.S., the world’s biggest grower, are rising at the fastest pace in nine years, according to traders and analysts surveyed by Bloomberg. Ample rains and warm weather boosted early crop development for this season and allowed farmers to plant more than the government estimated in March, a separate survey showed. Prices will fall about 9.5 percent in six months, Goldman Sachs Group Inc. forecasts.

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corn futures options

corn futures

June 3rd, 2014

Corn futures declined for a fourth day as farmers in the U.S., the world’s biggest exporter, boosted planting and crop conditions improved. Wheat advanced, snapping the longest slump in 15 years.

Corn futures for July delivery lost as much as 0.7 percent to $4.6225 a bushel on the Chicago Board of Trade and was at $4.64 at 2:21 p.m. in Singapore. Prices fell to $4.6025 yesterday, the lowest for a most-active contract since Feb. 28.

U.S. farmers had planted 95 percent of the corn crop as of June 1, up from 88 percent a week earlier, the U.S. Department of Agriculture said yesterday. Abundant rain in the central and southwest Midwest will improve moisture and maintain favorable conditions for corn and soybeans, MDA Information Systems LLC said. Domestic corn output is set to reach an all-time high of 353.97 million metric tons, the USDA predicts.

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corn futures brokers

corn futures trading

May 27th, 2014

Corn futures dropped to the lowest level since March on speculation U.S. farmers accelerated planting last week while rain in the next few days improves prospects for developing crops. Wheat declined to an 11-week low.

About 73 percent of corn in the main U.S. growing areas was planted as of May 18, near the five-year average pace of 76 percent and accelerating after cold weather delayed sowing earlier this year, U.S. Department of Agriculture data show. The USDA is set to update its weekly crop progress report later today. About 30 percent of the U.S. Corn Belt will see favorable rains early this week, QT Weather said in a report.

“Planting might have been late two and three weeks ago, but it is almost certainly back to the five-year average now, and we’d not be surprised to see both corn and soybean planting ahead of schedule,” economist Dennis Gartman said in his daily Gartman Letter. “Over the next few days we shall begin considering just how far down prices can fall.”

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corn futures options

May 2nd, 2014

Corn futures fell, capping the largest weekly drop in six months, on speculation that favorable weather will boost planting in the U.S., the world’s top producer. Hard-red wheat rose to a 14-month high, and soybeans gained.

The seeding pace in the Midwest will accelerate through the end of next week as higher temperatures and drier weather in portions of the Corn Belt aid growers, Commodity Weather Group in Bethesda, Maryland, said today in a report. Yesterday, futures dropped the most in four weeks.

“I’d be surprised if the planters aren’t going now,” Larry Glenn, an analyst with Frontier Ag in Quinter, Kansas, said in a telephone interview. “They should be very active through the weekend. The skies are clear.”

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corn futures

corn futures brokers

April 28th, 2014

Corn futures advanced for a third day, poised for the longest run of monthly gains since 2010, after the U.S. Department of Agriculture said planting in the world’s largest producer and exporter trailed a five-year average.

The contract for July delivery climbed as much as 0.7 percent to $5.1725 a bushel on the Chicago Board of Trade and was at $5.1675 by 11:45 a.m. in Singapore. Prices are set to advance a fourth month, the longest rally since October 2010.

About 19 percent of the corn crop was planted as of April 27, the USDA said yesterday. While that compares with 6 percent a week earlier, it is behind the 28 percent completed on average in the prior five years, it said. Slow planting progress has seen the large risk premium that built through March remain in the market, Macquarie Group Ltd. said in a report yesterday.

“We’re still lagging the 5-year average,” Luke Mathews, a commodity strategist at Commonwealth Bank of Australia, said by phone from Sydney today. While “U.S. corn farmers can plant at a very rapid rate when conditions improve, there might be some underlying support being provided by the slow pace that we’ve observed to date.”

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March 12th, 2014

Corn Futures – The return of rain to corn-growing areas of Brazil, the world’s second-largest exporter, is threating to cut output after dryness earlier this year delayed planting of the country’s second annual crop.

While dryness in most producing areas in the month to Feb. 15 delayed sowings, the return of rain compounded the lack of sunshine to slow crop development, according to Marco Antonio dos Santos, an agronomist at Sao Paulo-based weather forecaster Somar Meteorologia. Too much rain in Mato Grosso, the biggest producing state, meant growers couldn’t harvest their soybeans in time, which postponed replanting of fields with corn.

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