posted on November 20, 2009 3:48 PM
A rapidly progressing harvest and a strengthening dollar late this week pressured corn prices, but wheat prices continued their upward trend.
For the week, December wheat gained more than 20 cents, while the nearby corn contract was fractionally higher.
Soybeans followed wheat higher, as the January ...
Full Story
posted on November 13, 2009 4:29 PM
USDA's prediction of a record corn yield would normally have bearish implications on prices, but this week a rally in wheat led coarse grains higher.
For the week, December wheat gained more than 40 cents, while the nearby corn contract moved 23 cents higher.
Soybeans followed suit with the ...
Full Story
posted on November 6, 2009 4:18 PM
A reversal in grain prices recently attributed by many analysts to a weakening dollar was offset this week by harvest pressure.
For the week, December wheat lost nearly 3 cents, while the nearby corn contract moved a penny lower.
For the second consecutive week, November soybeans lost 30 cents, ...
Full Story
posted on October 30, 2009 3:59 PM
Despite showers keeping many combines idle late this week, earlier reports of better-than-average yields pressured grain prices.
For the week, December wheat lost more than 55 cents, while the nearby corn contract moved 37 cents lower.
The rare "harvest rally" in soybeans also ran out of steam. ...
Full Story
posted on October 23, 2009 3:43 PM
Underpinning much of the rural economy, of course, are commodity prices. And this week, with most farmers well behind schedule, the rare harvest rally continued. As of Thursday's close, December wheat gained more than 30 cents, while the nearby corn contract moved nearly 10 cents higher. Harvest ...
Full Story
posted on October 16, 2009 3:21 PM
Grain markets continued their unusual harvest rally this week with the nearby wheat contract testing the $5 mark.
For the week, December wheat gained more than 30 cents, while the nearby corn contract moved nearly 10 cents higher.
Harvest delays and uncertainty in the southern hemisphere supported ...
Full Story
posted on October 9, 2009 3:36 PM
USDA released it much anticipated October crop production report this week predicting U.S farmers would harvest a little more than 3 billion bushels of corn this fall with an average yield of 164.2 bushels per acre. If realized, the U.S. corn crop would be the 2nd highest on record.
For the week, ...
Full Story
posted on October 2, 2009 8:00 PM
Informa Economics released its latest corn production estimates Friday, predicting U.S farmers would harvest 3.127 billion bushels of corn this fall with an average yield of 164.7 bushels per acre. Both figures, if realized, would be record highs. The projections did NOT bode well for prices.
For ...
Full Story
posted on September 25, 2009 8:00 PM
Good weather, a cheap dollar, lower crude prices and the expectation of a record harvest all served to push prices lower.
For the week, December wheat lost 8 cents, while the nearby corn contract moved more than 16 cents higher.
Even with concerns over wet weather in the southern region of the ...
Full Story
posted on September 18, 2009 8:00 PM
Another week in the books means the threat of an early frost is weakening by the minute. Couple that with estimates of record corn yields, and you have a recipe for lower prices. For the week, December wheat lost 10 cents, while the nearby corn contract moved more than 17 cents lower.
With harvest ...
Full Story
posted on September 11, 2009 8:00 PM
The agriculture department released its latest crop production and supply and demand estimates Friday. As expected, USDA called for a 13 billion bushel corn crop and a record yield of 162 bushels per acre. Nevertheless corn prices rallied.
For the week, September wheat declined about 2 cents while ...
Full Story
posted on September 4, 2009 8:00 PM
Early predictions of a bumper crop thumped the grain markets this week as many nearby contracts were in a downward trend.
For the week, September wheat was down 23 cents and the nearby corn contract traded 20 cents lower.
The soybean pits erased the previous week's gains and then some on reports ...
Full Story
posted on August 28, 2009 8:00 PM
With development delayed in many regions, the big question now is how mature the crops will be IF and WHEN "Jack Frost" comes to town. This week though, the trade didn't appear to be too concerned.
Full Story
posted on August 21, 2009 8:00 PM
Grain prices trended lower this week as the trade pondered the notion of bountiful harvests.
For the week, September wheat lost more than 20 cents, while the nearby corn contract was down 2 cents.
After last week's bearish report soybeans traded in a sideways fashion. For the week, the August ...
Full Story
posted on August 14, 2009 8:00 PM
Prices rallied somewhat towards week's end but not enough to erase previous losses.
For the week, September wheat lost nearly 8 cents, while the nearby corn contract was down 3 cents.
The report had bearish implications for soybean prices. For the week, the August contract lost 85 cents but the ...
Full Story