Rains in the Midwest of the U.S. helped pull down soybean futures on Monday as the grain's losses were the biggest in 11 days, according to Reuters. Though the agricultural commodity fell as much as 2 percent, it has skyrocketed during the past 60 days as much as 27 percent because of a drought. But… Read more.
Corn futures dropped on Thursday as a consequence of U.S. lawmakers urging the nation to apply changes to the mandate for alternative sources of fuel, which pulled down demand for corn, Bloomberg reports. Republican and Democratic political leaders are planning to solicit the administration of President Barack Obama to reduce the U.S. mandate for ethanol,… Read more.
This is a sample entry from Brian Cullen’s email newsletter, The Cullen Outlook. NOVEMBER SOYBEANS I am looking to get long the SOYBEAN market. I will turn to the mini-contract which is 1/5 the contract size of the regular. This will allow us to build a position should we choose to add additional contracts as… Read more.
Minimal rain might come to parts of Indiana and Ohio on Wednesday and Thursday, but that slight amount of rain is unlikely to reverse crop losses, according to Bloomberg. Corn futures were driving higher on Wednesday as the worst drought in the history of the Midwest continues during the most vital phase that determines corn… Read more.
The worst drought in at least five decades pushed soybean futures to record highs on Friday, according to Bloomberg. As the globe's largest grower of the agricultural commodity, the U.S. is in peril of having mass amounts of crops damaged as the drought parches land in the Midwest. As of this past Tuesday, 48 percent… Read more.
Preoccupations about an extended drought in the U.S. Midwest helped drive soybean futures to their highest price in four years on Thursday, according to Bloomberg. Wheat futures pushed to their highest price since early 2011 and corn futures bounced back after the U.S. Agriculture Secretary said the growing season might be plagued with minimal rain.… Read more.
The likelihood of inclement weather continuing in the Midwest helped push corn futures to their highest price since September of last year, according to Bloomberg. The next week-plus is likely to see a continuation of the parched weather, which helped fuel speculation that exports from the U.S. will drop. The nation is the globe's largest… Read more.
This is a sample entry from Craig Turnerâ€™s weekly market analysis newsletter, Turner’s Take. CORN: The WASDE increased ending stocks to 903 million bushels for 2011-2012 corn, up from 851 previously. The USDA has the July Corn yield at 146.0 and cut demand over 1 billion bushels. It is important to note what the yield… Read more.
Ongoing droughts are expected to continue a rally in corn and soybeans in the coming week, according to Bloomberg. Corn saw its largest two-day rally since 2010 early in the week after the U.S. Department of Agriculture announced significantly reduced estimates for corn and soybean crops in the Midwest, thanks to severe droughts. "The current… Read more.
This is a sample entry from Craig Turner’s weekly market analysis newsletter, Turner’s Take. IN THIS ARTICLE: Macro Markets: G-20 urges Europe to take “all necessary policy measures” EURO: Bounces will be short lived EMINI S&P 500: We may be range bound from 1275 to 1425 for the rest of 2012. We like selling the… Read more.