The crop markets are starting the week in mixed fashion. The energy sector breakdown dominated the financial markets last Friday, with corn and beans being affected by their biofuel connections. Corn futures are slipping again this morning, which may also reflect follow-through crude oil and ethanol price weakness, as well …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 4 MONTHS AGO
Corn futures turned decisively firm Tuesday. Prices jumped nearly two percent at close, approaching session highs. Technical buying certainly sent prices higher. Strong cash bids triggered additional buying interests in the futures market. However, sluggish export demand continued to add pressure to the market, thus curbing the gains. Stabilizing factors …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 4 MONTHS AGO
Corn futures moved higher on Tuesday morning. Technical buying pushed prices moderately higher. However, sagging export demand tied to the strong U.S. dollar continued to add pressure to the market, thus curbing the gains. Stabilizing factors are harvest nearing completion at 94% in yesterday’s crop progress report from NASS, up …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 4 MONTHS AGO
China’s interest rate cut is weighing on crop futures. Thursday’s export news was quite supportive of the corn and soy markets and powered sizeable gains. However, the crop markets are suffering a relapse in the wake of early-morning news that China’s central bank is cutting interest rates. That implicitly lowered …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 4 MONTHS AGO
Export news boosted corn and beans Thursday. The corn market built upon modest overnight gains this morning after the weekly USDA Export Sales report stated the corn total well above expectations. That news was followed by a daily system report of a 101,600 sale to an unknown destination. December corn …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 4 MONTHS AGO
Export news boosted corn and beans Thursday morning. The corn market built upon modest overnight gains this morning after the weekly USDA Export Sales report stated the corn total well above expectations. That news was followed by a daily system report of a 101,600 sale to an unknown destination. December …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 4 MONTHS AGO
Resurgent soybeans pulled corn higher Friday. Prospects for good early-November harvest weather and today’s big U.S. dollar jump pushed corn futures lower around midsession Friday. However, talk of extreme short-term tightness apparently powered the soy complex higher once again, which then pulled corn upward as well. December corn futures closed …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 5 MONTHS AGO
The surging dollar may be undercutting commodities. The soy complex remained generally strong Friday morning, but that support couldn’t keep the grain markets from sliding. Prospects for good harvest may be weighing on corn but today’s big U.S. dollar jump is very likely depressing the commodity markets, particularly those with …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 5 MONTHS AGO
The soy complex continued pulling crop prices higher Wednesday. The corn harvest may have been slightly delayed by the latest Corn Belt weather system, but there’s little doubt it’s advancing rapidly. Nevertheless, CBOT futures rose again today as talk of torrid soy demand sent that complex higher (and pulled the …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 5 MONTHS AGO
The soy complex continues pulling crop prices higher. The corn harvest may have been slightly delayed by the latest Corn Belt weather system, but there’s little doubt it’s advancing rapidly. Nevertheless, CBOT futures are rising again today as talk of torrid soy demand sends that complex higher (and pulls the …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 5 MONTHS AGO
Corn futures set back in concert with soybeans. Soybeans and meal led the crop markets sharply higher Monday night and Tuesday morning, with bulls apparently banking on robust demand and slow harvests to power prices higher. However, the surge ran out of momentum and bullish profit-taking and fresh selling greatly …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 5 MONTHS AGO
Talk of slow harvesting is again boosting corn futures. Soybeans and meal led the crop markets higher overnight, but have set back from their highs. However, that has done little to discourage corn bulls, who reportedly were encouraged by the persistently slow harvest. December corn futures climbed 4.75 cents to …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 5 MONTHS AGO
Soybeans and meal led the crop markets higher Monday. Ideas that today’s weekly USDA Crop Progress report will show a big increase in crop harvesting weighed on corn and bean futures Sunday night. However, daily and weekly reports confirmed extremely strong demand for beans (and probably meal), which sent those …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 5 MONTHS AGO
Soybeans and meal led the crop markets higher Monday morning. Ideas that today’s weekly USDA Crop Progress report will show a big increase in crop harvesting weighed on corn and bean futures Sunday night. However, daily and weekly reports confirmed extremely strong demand for beans (and probably meal), which sent …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 5 MONTHS AGO
Soybeans pulled grain prices higher Wednesday morning. Corn and wheat futures set back from overnight gains in apparent response to growing harvest pressure on the yellow grain. However, Brazil’s drought problems and news of a big Chinese purchase sent the soy complex surging, which pulled grain futures upward as well. …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 5 MONTHS AGO
