By Mark Weinraub CHICAGO, July 6 (Reuters) – The U.S. Agriculture Department lowered its good to excellent ratings for U.S. corn and soybeans on Tuesday as damp conditions took a toll on crops in key production states such as Iowa. In its weekly report, USDA rated the corn crop as 71 percent good to excellent,… read more
Tag Archives: Trading News
Futures Broker / Grain Calls and News
WHEAT – Down 1 to 2 cents per bushel. Profit-taking ahead of three-day weekend and after the big rally on Thursday. U.S. seasonal harvest pressure also weighs, but market underpinned by harsh weather in portions of Europe and in the Black Sea wheat region. CORN – Down 2 to 3 cents per bushel. Profit-taking after… read more
Futures Broker / Grain Calls and News
WHEAT – 5 to 7 cents per bushel higher. * USDA reported June 1 U.S. wheat stocks at 973.4 million bushels, above the average trade estimate of 940 million. * USDA reported U.S. 2010 all-wheat acreage at 54.3 million acres, slightly above an average of analyst estimates at 53.8 million. CORN – 15 to 20… read more
Futures Broker / Grain Report
WASHINGTON, June 30 (Reuters) – U.S. farmers could harvest 13.2 billion bushels of corn, the Agriculture Department’s annual report on plantings indicated on Wednesday, implying harvest could be 1 percent smaller than its forecast earlier this month, but still narrowly topping last year’s record. Soybean harvest could be 3.3 billion bushels, up 1 percent from… read more
Futures News / Grain Calls and News
WHEAT – Up 1 to 2 cents per bushel. Short-covering support as market remains heavily loaded with fund shorts. USDA’s export sales report also supportive. Gains limited by plentiful supplies of wheat as noted by Thursday’s IGC report and a firm dollar. CORN – Up 2 to 3 cents per bushel. Short-covering technical rebound after… read more
Futures Broker / Grain Calls and News
WHEAT – Up 3 to 4 cents per bushel. * Short-covering as wet weather in Canada continues to cause potential further harm to the wheat crop CORN – Down 1 to 2 cents per bushel. * Follow-through technical selling, good U.S. crop weather and lower crude oil combine to weigh on corn futures. SOYBEANS –… read more
Futures Broker / Grain Calls and News
* WHAT: USDA Weekly Crop Progress report * WHEN: Monday 1600 EDT (2000 GMT) * Analysts see U.S. corn rated 76 pct good/excellent * Analysts see soybeans rated 71 pct good/excellent CHICAGO, June 21 (Reuters) – Rainy weather around the U.S. Midwest last eek was expected to cause the U.S. Agriculture Department to slightly ower… read more
Futures Broker / Grain Calls and News
By Andrew Johnson Jr. Of DOW JONES NEWSWIRES CHICAGO (Dow Jones)–Soybean futures are expected to begin Thursday’s day session higher, buoyed by follow through buying from Wednesday. Strength in overnight trade is serving as an early signal of price direction. Soybeans are seen 2 cents to 4 cents higher. Overnight, Chicago Board of Trade July… read more
CPI [6-17-2010] – Futures Broker
WASHINGTON, June 17 (Reuters) – U.S. consumer prices recorded their bigge decline in nearly 1-1/2 years in May as energy costs dropped, according to a government report on Thursday that pointed to tame inflation pressures and lo interest rates. The Labor Department said its seasonally adjusted Consumer Price Index fe 0.2 percent last month, the… read more
Futures Broker / Grain Calls and News
June 16 (Reuters) – Chicago soybean futures rose half a percent on Wednesday, as oilseed markets remained supported by rains that could slash canola output in Canada and hamper soybean crop progress in the United States. Chicago soy and grain futures drew some strength from greater risk appetite among investors, although share prices gave up… read more