Tag Archives: Crop Production

Market News – Grains, opening calls

Soybeans – Called to open 6 to 8 cents higher after a decline in the weekly crop ratings and the forecast of more hot and dry weather . Wheat – Called to open 3 to 4 cents higher, supported by the weaker dollar and increased demand. Corn – Called to ope 3-4 cents higher on… read more

USDA Grain Stocks report and the Prospective Plantings report

USDA Grain Stocks report and the Prospective Plantings report were released this morning. * Corn stocks 11 pct bigger than analysts expected * Corn sowing 2 pct above, soy 2 pct below expectations * Plantings imply record US corn crop on the way * Rice, durum plantings down sharply in rain, floods The USDA report released… read more

EIA Petroleum Status Report : Futures Trading Brokerage, Commodity Trading Brokerage, Futures Broker, Futures Swing Trading

Crude oil inventories came in at 0.0 barrels last week was 3.8 M barrels. Gasoline was at 0.1 M barrels Distillates was at -1.2 M barrels Imports drop and refinery demand went up which held down oil inventories at unchanged for the week of May 13.… read more

Futures market news – Grain opening calls

CHICAGO, April 26 (Reuters) – Wheat futures were called toopen 6 to 8 cents per bushel lower at the Chicago Board ofTrade on Tuesday as traders were expected to lock in profitsfrom the market’s rally to a two-month high on Monday. * The market still had good fundamentals underpinningvalues and declines were expected to be… read more

Grains – USDA stands pat on corn/soy stocks.

CHICAGO, April 8 (Reuters) – The U.S. Department of Agriculture on Friday kept its estimate of U.S. corn ending stocks unchanged at 675million bushels, which was above an average trade forecast for 586 million bushels.    The USDA also kept its estimate of U.S. soybean ending stocks unchanged at 140 million bushels, just above an average… read more

Grains news – Chinese rate hike to pressure soybeans

CHICAGO, April 5 (Reuters) – Soybean futures on the Chicago Board of Trade were expected to open down 8 to 10 cents a bushel Tuesday, pressured by news China was raising benchmark deposit and lending rates in an attempt to cool inflation.    Also weighing on prices is the advancing harvest of what is expected to… read more

Grains called to open sharply higher

* Corn seen up 15-30 cents on bullish USDA data * Soybeans called up 35-45 cents, wheat seen up 10-20 * USDA corn, soy stocks data bullish, to offset acreage * Wheat seen following corn, soy despite bearish USDA data CHICAGO, March 31 (Reuters) – U.S. corn futures wereforecast to surge by as much as… read more

USDA Prospective Planting report summary

CHICAGO (Dow Jones)–The following table is provided as a service to Dow Jones Newswires subscribers in conjunction with the U.S. Department of Agriculture’s prospective plantings and quarterly grain stocks reports. The reports were released Thursday morning.  Estimates are in millions of acres for 2011 U.S. prospective plantings and billions of bushels for grain stocks as of March 1.   Pospective… read more

Wheat and Corn Stocks larger than expected!

By Russell Blinch and Roberta Rampton WASHINGTON, March 10 (Reuters) – Stockpiles of U.S. wheat and corn are forecast to be larger this year than traders had expected, a government report said in a report on Wednesday, noting sky-high wheat prices have trimmed demand.    The Agriculture Department forecast U.S. wheat stocks of 843 million bushels… read more