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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