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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iwheat-1May 11th, 2015

Grain, oilseed and cotton markets have lots of big questions as they stand on the threshold of their respective 2015-16 marketing years.

How much corn will trouble-hit Ukraine export? How much wheat will Europe produce? Will Brazil rise back above the US again in the soybean export league?

And Tuesday will bring answers too all these questions, and more.

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March 28th, 2013

Soybean Futures – U.S. farmers will sow fewer acres with soybeans this year, the government said, surprising analysts who were expecting a gain. Corn will get the most acreage since 1936, the U.S. Department of Agriculture said.

About 77.126 million acres will be sown with soybeans, down 0.1 percent from 77.198 million a year ago, the USDA said today in a report based on a survey of farmers. Analysts in a Bloomberg survey were expecting 78.351 million. Corn acreage will reach 97.282 million, up from 97.155 million last year, the agency said. The average analyst estimate was 97.339 million.

Soybean plantings fell in Minnesota, the third-biggest grower, and in every Great Plains state except North Dakota, offsetting increases in Iowa and Illinois, the two top producers. Prices for corn and soybeans are up this year, making the crops attractive for farmers who hope to replenish stockpiles after drought curbed production last year.

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March 12th, 2013

Soybean futures fell from the highest close in more than four weeks as the harvest accelerates in Brazil, where farmers are expected to produce a record crop.

Brazilian farmers collected about 48 percent of the crop as of March 8, compared with 46 percent a year earlier, researcher Safras & Mercado said in a report yesterday. Brazil, expected to overtake the U.S. as the world’s biggest exporter, may produce a record 83.5 million metric tons of soybeans, the U.S. Department of Agriculture said March 8. U.S. soybeans inspected for export in the week to March 7 slid 58 percent from a week earlier to 17 million bushels, the USDA said yesterday.

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March 8th, 2013

Soybean futures and corn rose for a second straight day on speculation that the U.S. government will lower its forecast for crops in South America.

Argentina, the world’s third-largest soybean exporter, may harvest 51.2 million metric tons of the oilseed, less than last month’s estimate of 53 million tons, according to a Bloomberg survey of 25 analysts before today’s U.S. Department of Agriculture report. Argentina, which has had dry weather, may harvest 25.7 million tons of corn, less than the 27 million tons projected in February. Brazil’s soybean and corn crops may both be 0.4 percent less than previously forecast, at 83.2 million tons and 72.2 million tons, the survey showed.

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Commodity Futures: Go for the Grain

On November 26, 2012, in Commodity Futures News Report, by Infinity Trading

November 26th, 2012

Investors would do well to eat their Wheaties. After drifting downward from their four-year high of $9.43 a bushel in July, U.S. wheat futures are poised to bounce back.

Just a few months ago, analysts and traders thought the world’s wheat supplies remained ample enough to easily meet demand, despite a range of threats to crops. But those threats have grown, and the outlook for wheat supplies is tightening. Add in a likely uptick in demand for U.S. wheat exports, and futures should rise in the coming weeks.

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August 7th, 2012

Soybean futures and corn advanced on speculation that rains forecast in the U.S. may be unable to revive plants that have been parched by drought in the world’s largest grower. Wheat was little changed.

Thirty-nine percent of the U.S. soybean crop was in poor to very poor condition as of Aug. 5, compared with 37 percent a week earlier, the Department of Agriculture said yesterday. For corn, 50 percent got the lowest ratings, up from 48 percent a week earlier. Temperatures across the Midwest may cool to near normal this week, while storms may bring “moderate rainfall” to much of the region by midweek, AccuWeather Inc. said.

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June 25th, 2012

Commodity Investing – At a time when Goldman Sachs Group Inc. (GS) and Credit Suisse Group AG are predicting the bear market in commodities will end, a gauge of prices for raw materials from cow hides to steel is extending the longest slump since it presaged the global recession in 2008.

Credit Suisse said June 21 that an economic recovery will spur a 9.3 percent gain in commodities in 12 months and Goldman forecast a 29 percent return on June 11. A measure of industrial commodities from the Journal of Commerce that includes rubber, plywood and burlap is signaling contraction for an 11th month, the longest stretch since a retreat of the same duration that began in August 2008.

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Corn Futures Climb on Weather Forecasts

On June 25, 2012, in Corn Futures News Report, by Infinity Trading

June 25th, 2012

Corn futures prices advanced, boosted by forecasts for more hot and dry weather in the Midwest.

In electronic trading, Chicago Board of Trade futures for July delivery were up 22 1/4 cents, or 3.8%, at $6.13 1/4 a bushel. December corn is up 28 3/4 cents, or 5.2%, at $5.82 3/4 a bushel, the contract’s highest level since January.

Forecasters predict hot temperatures and low chances of rain across the corn belt this week. Temperatures could reach 100 degrees later this week in areas including parts of Missouri and Illinois, according to the National Weather Service.

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June 7th, 2012

Soybean futures advanced for a fourth day, the longest winning streak since April, as U.S. exporters sold more oilseeds to China and on signs policy makers around the world may take steps to revive the slowing economy.

Soybean futures for November-delivery gained as much as 2.1 percent to $13.2625 a bushel on the Chicago Board of Trade and were at $13.24 at 1:39 p.m. in London.

Exporters in the U.S., the world’s largest grower and shipper, sold 120,000 metric tons of soybeans to China for delivery in the year ending Aug. 31, the Department of Agriculture said yesterday. The Group of Seven nations agreed to coordinate their response to Europe’s debt crisis. Federal Reserve Vice-Chairman Janet Yellen said the U.S. economy may need additional monetary stimulus.

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