posted on September 3, 2010 3:39 PM
Robust weekly export numbers supported corn prices this week, while a 10 percent reduction in Russian wheat output by the U.N's Food and Agriculture Organization sustained a rally in wheat prices.
For the week, December wheat gained 46 cents, while the nearby corn contract moved nearly 30 cents higher. ...
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posted on August 27, 2010 5:13 PM
Wheat prices fell below support levels this week, while nearby corn contracts put in new highs for the current move.
For the week, September wheat lost more than 15 cents. Nearby corn prices, meanwhile, traded in a sideways fashion.
Soybeans rallied late in the week with the September contract ...
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posted on August 20, 2010 4:59 PM
For the past 45 days wheat prices have enjoyed positive fundamentals in the form of drought in the former Soviet Union, and too much rain in parts of North America. Last week, though, the rally ran out of stream, and the sell-off continued this week...
For the week, September wheat lost nearly 25 ...
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posted on August 13, 2010 4:54 PM
Russia's worst drought in 130 years of record keeping continues to be the dominant factor affecting grain prices. And in USDA's latest supply and demand estimates Thursday, global wheat supplies went from being ample to adequate. The report was friendly to wheat prices, but not enough to negate losses ...
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posted on August 6, 2010 4:46 PM
The Agriculture Department released its annual estimates on agricultural land values this week. According to USDA, the national average value of U.S. farm land rose 1.4 percent to $2,140 per acre, ranging from a low of $480 in New Mexico, to a lofty high of $13,600 per acre in Rhode Island. And like ...
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posted on July 30, 2010 4:41 PM
Vast sections of Russia were under a state of emergency Friday as more than 10,000 firefighters battled wildfires during the country's hottest summer on record. At least 25 deaths were reported in the past two days alone. And with rumors being heard, that Russia -- the world's 3rd largest wheat EXPORTER ...
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posted on July 23, 2010 4:16 PM
Amidst the worst drought in 130 years, Russia - the world's 3rd largest wheat exporter --announced this week it would begin selling government wheat reserves to its livestock and dairy producers in an effort to contain food prices. According to the Russian Agriculture Ministry, at least 20 percent ...
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posted on July 16, 2010 4:51 PM
Wheat prices rallied again this week on weather concerns from Kazakhstan to Canada. ...
For the week, September wheat advanced nearly 50 cents while the nearby corn contract settled Friday with a weekly gain of 11 cents.
Soybeans also trended higher this week on the threat of decreased U.S. production ...
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posted on July 9, 2010 4:13 PM
USDA released its July "guesstimates" on supply and demand Friday. The report was viewed as neutral to slightly bearish for corn, and bearish for wheat. Both commodities trended lower on the news, but not enough to erase gains from previous sessions.
For the week, July wheat advanced 35 cents while ...
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posted on July 2, 2010 4:20 PM
Despite the reports' bearish implications, wheat prices followed corn higher.
For the week, July wheat advanced 32 cents while the nearby corn contract settled Friday with a weekly gain of 24 cents.
Soybeans moved in step with the coarse grains as the July contract was up 6 cents, while the nearby ...
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posted on June 25, 2010 4:11 PM
China's decision to allow the Yuan to float against other currencies was friendly to major commodities briefly this week, but by Friday's close forecasts of ideal growing conditions pressured grain prices.
For the week, July wheat lost 5 cents and the nearby corn contract was down more than 20 cents. ...
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posted on June 18, 2010 4:25 PM
Favorable export numbers this week and wet conditions in Canada fueled a rally in wheat prices.
For the week, July wheat gained 21 cents and the nearby corn contract was up more than 10 cents.
Soybeans followed the coarse grains higher with the July contract gaining nearly 15 cents, while ...
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posted on June 11, 2010 4:34 PM
USDA's supply and demand report did little to stimulate wheat prices, but estimates of stronger demand for ethanol were friendly to corn.
For the week, July wheat gained 5 cents and the nearby corn contract was up nearly 10 cents.
Soybeans followed corn higher with the July contract gaining ...
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posted on June 4, 2010 4:53 PM
Despite strong demand, favorable growing conditions in much of the Midwest pressured grain prices.
For the week, July wheat lost 22 cents and the nearby corn contract was off nearly 20 cents.
Soybeans followed the coarse grains lower albeit more modestly. For the week, the July contract lost ...
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posted on May 28, 2010 4:38 PM
The federal government estimated this week that U.S. agricultural exports would amount to nearly $105 billion in 2010, up nearly $8 billion from 2009. Nevertheless grain prices trended lower.
For the week, July wheat lost nearly 15 cents and the nearby corn contract was off a dime.
USDA credited ...
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