Ag markets began the week in mixed fashion
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
Grain, soy complex markets ended the day higher
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
Ag markets turned higher at midsession Tuesday
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
Chinese news is affecting the crop markets early Friday morning
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, 5 MONTHS AGO
Grain and soy futures diverged from the other ag markets Thursday
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, 5 MONTHS AGO
Export news boosted the crop markets Thursday morning
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, 5 MONTHS AGO
Surging soy, U.S. dollar quotes highlight Friday futures trading
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
Surging U.S. dollar values weighed on ag markets Friday morning
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
Surging soy prices sparked a broad crop-market advance Wednesday
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
Soy futures continued boosting crop prices Wednesday morning
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
Sliding soy meal futures took starch out of crop markets Tuesday
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
Tuesday's early meal reversal weighed on crop markets
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
Beans and meal led the crop markets higher Monday
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
Bean, meal strength pull crop markets higher Monday morning
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
Ag markets moved almost unanimously higher Wednesday morning
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, 6 MONTHS AGO
Ag markets moved mostly higher Tuesday morning
Corn futures are rallying Tuesday morning. Monday’s weekly USDA Crop Progress report stated the corn harvest as being just 31% complete, which apparently sparked a corn futures bounce from their overnight decline. Prospects for fine Midwest weather for harvesting through the end of the month may be limiting gains, but …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Moves in livestock futures bracketed those of the crop markets
Corn futures posted a firm Monday close. Forecasts for benign harvest weather and a disappointing result on the weekly USDA Export Inspections report weighed on corn futures to start the week. However, CBOT prices staged a late comeback, which probably reflected the slow harvest pace to this point, short-covering and …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Most ag markets ended the week rather poorly
Traders cited harvest pressure for Friday’s crop market weakness. Corn futures acted surprisingly well Thursday night, but followed soybeans lower as Friday passed. Prices fell despite early news of a big sale and a huge total on the weekly USDA Export Sales report. Wire service sources cited fresh harvest pressure …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Ag markets proved generally mixed Friday morning
Traders are citing harvest pressure on corn and soybeans. Corn futures acted surprisingly well Thursday night, but have followed soybeans lower this morning. Wire service sources cited fresh harvest pressure for the losses. Still the corn drop is pretty surprising, since early news of a big sale was supplemented by …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Most ag markets rose in concert with equities Thursday
The crop markets exhibited surprising strength Thursday. Overnight grain weakness seemed to reflect bearish equity market expectations, as well as an acceleration of the fall harvest as the Midwest dries out. But the corn market rebounded by midmorning, which probably reflected a sizeable sale announced earlier, as well as the …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Financial market reversals seemed to boost most ag markets
The crop markets exhibited surprising strength Thursday morning. Overnight grain weakness seemed to reflect bearish equity market expectations, as well as an acceleration of the fall harvest as the Midwest dries out. However, the crop markets rebounded significantly by midmorning, which probably reflected a sizeable sale announced this morning, as …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Large stock market losses depressed commodities Wednesday
Big equity losses weighed on the ag markets Wednesday. Tuesday’s weekly USDA Crop Progress indicated the corn harvest was farther along than expected, which weighed on CBOT futures in early trading. However, today’s late corn weakness probably exemplified a bearish commodity reaction to big losses in the equity markets, since …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Financial markets affected commodity futures Tuesday morning
Big equity losses are weighing on the ag markets. The weekly USDA Crop Progress indicated the corn harvest was farther along than expected, which weighed on CBOT futures in early trading. However, today’s sustained weakness probably represents a commodity reaction to big early losses in the equity markets, since those …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Ag markets diverged significantly Tuesday
Corn futures reacted well to the Export Inspections data. Talk of harvest delays and production losses appeared to boost the corn market again Tuesday. Prices got added support from the USDA Export Inspections report, since the corn total topped increased forecasts. Bulls pushed December prices over their 40-day moving average, …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Ag markets proved decidedly mixed Tuesday morning
Crop futures are reacting to the Export Inspections data. Talk of harvest delays and production losses appears to be supporting the corn market at this point. Prices got added support from the USDA Export Inspections report, since the corn total topped increased forecasts. Bulls hope to push December prices over …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Livestock markets posted disparate reactions to the USDA data
Corn futures suffered a belated bearish reaction to Friday’s USDA data. Corn had declined in concert with soybeans prior to the release of today’s 11:00 AM CDT release of the USDA’s Crop Production and Supply/Demand (WASDE) reports. The data were construed as somewhat supportive since most numbers fell slightly below …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Ag markets moved mostly higher again Tuesday morning
Slow harvesting may be boosting corn and soybean futures. Monday’s weekly Crop Progress report showed both the corn and soybean harvest are lagging well behind normal. Moreover, with Iowa wet and rain forecast for much of the Midwest in the short run, the slow harvest may reduce the size and …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Ag markets moved almost universally higher Monday morning
Export Inspections probably encouraged bulls Monday morning. Rainfall over the central U.S. is likely to slow the U.S. fall harvest rather significantly, thereby potentially reducing yields. The frost that hit the central Plains over the weekend also raised quality concerns. The strong results on the Export Inspections report are also …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Hog markets led cattle lower on Friday
Grain futures remained surprisingly stable Friday. Strong employment data and mixed economic numbers boosted stocks and sent the U.S. dollar soaring Friday morning. The fact that corn and wheat futures remained firm in the face of those moves was impressive. Bulls are crediting the storm system slowing the corn harvest …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Crop markets posted another general rebound Thursday
Corn markets ended Thursday on a firm note. Although crop futures dipped again Wednesday night and Thursday’s news seemed less than supportive, they ended the day have posted moderate gains. Talk of harvest delays and financial market moves (stock rebound & dollar weakness), along with short-covering probably boosted corn prices. …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Ag markets posted mixed reactions to the USDA reports
The stocks report weighed on corn futures around midsession Tuesday. The quarterly Grain Stocks report stated September 1 U.S. corn stockpiles at 1.236 million bushels, which exceeded industry expectations. That explains moderately bearish futures reaction. December corn futures slumped 2.25 cents to $3.235/bushel in post-report action, while May lost 2.25 …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Ag markets ended Monday mostly higher
Grain traders were probably squaring positions Monday. The corn market has recently suffered badly from prospects for a huge U.S. harvest and from U.S. dollar strength. Today’s Export Inspections result also looked rather bearish. Nevertheless, futures rose modestly today, which probably reflected widespread short-covering ahead of tomorrow’s quarterly Grain Stocks …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Ag markets proved generally mixed Monday morning
Grain traders are probably squaring positions Monday morning. The corn market has recently suffered badly from prospects for a huge U.S. harvest and from U.S. dollar strength. Today’s Export Inspections result also looked rather bearish. Nevertheless, futures rose modestly this morning, which probably reflected widespread short-covering ahead of tomorrow’s quarterly …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 6 MONTHS AGO
Ag markets posted mixed closes Tuesday afternoon
Good harvest conditions continued depressing corn prices Tuesday. The weekly Crop Progress report didn’t seem to affect corn futures Monday night. Indeed, prices resumed their late slide in apparent anticipation of a surge in harvesting, since weather forecasts point to warm, dry weather over the short run. December corn futures …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Ag markets firmed Tuesday morning
Good harvest conditions continued depressing corn prices. The weekly Crop Progress report didn’t seem to affect corn futures overnight. Indeed, prices are still sliding in apparent anticipation of a surge in harvesting, since weather forecasts point to warm, dry weather over the short run. December corn futures dipped 3.25 cents …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Crop futures proved quite weak again Friday morning
Dollar strength and harvest prospects are depressing crop markets. Anticipation of another massive U.S. corn crop is depressing prices. Weakness spilling over from the wheat and bean markets, as well as U.S. dollar values at 4.5-year highs are probably exaggerating current losses, despite an early announcement of a big sale …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Divergent livestock futures highlighted Wednesday's market action
Ethanol news likely undercut corn futures Wednesday. The weekly EIA report on the energy sector stated domestic ethanol stocks at an 18-month high, thereby implying diminished corn demand from that sector. That won’t help the grain industry with another massive harvest looming. December corn futures dipped 2.0 cents to $3.4175/bushel …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Ag markets turned mostly lower Tuesday morning
Crop futures couldn’t sustain early gains. The Farm Service Agency released its updated numbers concerning acreage enrolled in U.S. crop insurance programs Monday night. It boosted corn acreage and prevent planted acres from its August estimates. Futures rallied in response overnight, but have subsequently turned lower. December corn futures sagged …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Ag markets proved quite mixed Monday
Export news affected the crop markets Monday. After declining Sunday night in reaction to the near-miss on northern Plains frost damage, corn futures seemed set to add to those losses today. That changed after a 120,000-tonne corn sale to Mexico was announced, but the poor showing on the Export Inspections …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Ag markets turned generally mixed Monday morning
Export news affected the crop markets Monday morning. After declining Sunday night in reaction to the near-miss on northern Plains frost damage, corn futures seemed set to add to those losses today. That changed after a 120,000-tonne corn sale to Mexico was announced. The poor showing on the Export Inspections …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Ag markets ended the week in decidedly mixed fashion
Large supplies again weighed on the crop markets. Corn futures stabilized Thursday night in the wake of the bearish USDA reports and subsequent price drops to fresh lows. However, prices subsequently weakened in Friday trading, despite early morning news of a sizeable corn sale to an unknown destination. December corn …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Ag markets turned mostly lower Friday morning
Large supplies are again weighing on the crop markets. Corn futures stabilized Thursday night in the wake of the bearish USDA reports and subsequent price drops to fresh lows. However, prices have subsequently weakened once again, despite early morning news of a sizeable corn sale to an unknown destination. December …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Thursday's USDA reports generally bearish for crop markets
Corn futures reacted weakly to today’s USDA reports. The USDA’s September Crop Production and WASDE reports seemingly held bearish implications for the corn outlook, since futures built upon early losses in the wake of the news. December corn futures fell 8.75 cents to $3.37/bushel in late Thursday morning action, while …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Ag markets posted mixed closes ahead of Thursday's USDA reports
Traders were looking forward to Thursday’s USDA reports Wednesday. Expectations for a massive corn harvest have weighed heavily upon the market this summer. However, the possibility that tomorrow’s USDA Crop Production and WASDE reports will hold surprises apparently spurred short-covering ahead of their release. Thus, corn futures traded slightly higher. …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Crop markets are mostly lower again Wednesday morning
Crop futures generally continued sliding Tuesday night. The ag industry is focusing upon the likely results of Thursday’s Crop Production and WASDE reports, with huge forecasts for the U.S. corn and soybean harvests likely. Thus, most crop futures sustained their recent downtrends overnight. But, we should probably look for short …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Grain and soy prices remained weak Tuesday
Bearish expectations weighed on crop futures again Tuesday. The reduced threat of frost this weekend seemingly triggered fresh selling in the crop markets today, but traders were probably anticipating bearish production revisions on Thursday’s big USDA reports as well. December corn futures settled 4.0 cents lower at $3.4425/bushel Tuesday, while …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Livestock diverged from weak crop futures Tuesday morning
Bearish expectations continue weighing on crop futures. The reduced threat of frost this weekend seemingly triggered fresh selling in the crop markets this morning, but traders are probably anticipating bearish production revisions on Thursday’s big USDA reports. December corn futures sagged 3.75 cents to $3.445/bushel late Tuesday morning, while May …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Ag markets moved mostly lower Monday
Reduced frost risk undercut the crop markets Monday. The lack of action in the Black Sea region probably depressed the grain markets today, but the early revision to the weather forecast seems more important at this point. That is, the anticipated freeze line on the weekend weather forecasts moved northward, …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Ag markets moved mostly lower Monday morning
Reduced frost risk is undercutting the crop markets. The lack of action in the Black Sea region is probably depressing the grain markets Monday morning, but the early revision to the weather forecast seems more important at this point. That is, the anticipated freeze line on the weekend weather forecasts …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Most ag markets closed the week strongly
Cool weather forecasts may have boosted the crop markets. Concerns about weekend events in the Black Sea region probably gave the grain markets an upward bias today. Traders also seemed to be reacting to cool weather forecasts, since a mid-September frost in northern Corn Belt could hurt corn and bean …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Ag markets posted divergent moves Thursday
Crop futures extended Wednesday’s losses Thursday. Anticipation of a huge U.S. corn crop heightened Wednesday, thereby triggering a drop to fresh lows. The drop resumed today, despite early news of a sizeable corn sale to an unknown destination. December corn futures settled 5.5 cents lower at $3.465/bushel Thursday, while May …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Ag markets seemed confused Thursday morning
Crop futures extended Wednesday’s losses this morning. Anticipation of a huge U.S. corn crop heightened Wednesday, thereby triggering a drop to fresh lows. The drop resumed today, despite early news of a sizeable corn sale to an unknown destination. December corn futures slumped 6.0 cents to $3.46 late Thursday morning, …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Soy, grain markets tumbled Wednesday
Crop forecasts are again depressing grain and soy prices. The weekly USDA Crop Progress report boosted the corn crop rating 1% to 74% good-to-excellent, which is the second highest late-August reading since 1994. The prospect of huge fall yields, as well as industry forecasts to that effect, clearly undercut CBOT …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Ag markets diverged Tuesday morning
The corn market seems directionless at midday Tuesday. The Grain and soy futures began the week trading firmly, although there was little fresh news. Corn futures have since turned downward, possibly reflecting disappointment with the weekly Export Inspections report. Current Midwest rainfall may also be weighing on prices. December corn …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Ag markets posted a mixed showing before the long weekend
An increased production forecast seemed to depressing corn futures Friday. The corn market slipped Thursday night, then moved lower in response to news that the International Grain Council had boosted its global production forecast 4.0 million tonnes to 973 million. Nearby futures also seem to fail at technical resistance. September …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Ag markets moved mostly higher Thursday
Rising Black Sea tensions supporting the grain markets. Sources have proven that Russian forces are in eastern Ukraine. Meanwhile rebel forces have reportedly occupied the important port town of Mariupol, which may slow the flow of Ukrainian grain to the world market. Corn is less affected than wheat, but that …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Livestock futures outperformed the crop markets Tuesday morning
Monday’s progress report is weighing on the crop markets. The weekly USDA Crop Progress report raised the latest rating for the U.S. corn crop 1%, which made it the second-highest mid-August reading since 1994. The fact that traders were already anticipating a huge harvest doesn’t seem to be limiting the …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Most ag markets held up surprisingly well Tuesday
Monday’s progress report weighed the corn market. The weekly USDA Crop Progress report raised the latest rating for the U.S. corn crop 1%, which made it the second-highest mid-August reading since 1994. The fact that traders were already anticipating a huge harvest may have limited the bearish reaction later in …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 7 MONTHS AGO
Ag markets are decidedly mixed at midsession Tuesday
Talk of large production is depressing corn futures. Corn futures proved unable to sustain their early-week follow-through to last week’s late rally and turned downward yesterday. Preliminary results of an ongoing crop tour seem to be weighing on the corn and bean markets. September corn stalled at $3.6075/bushel late Monday …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Ag markets flailed around with little net movement Friday morning
Corn futures began Friday on a firm note. The annual USDA report on farmer enrollment in subsidy programs was published early this morning. They enrolled 83.322 million acres of corn, with 1.54 million classified as ‘prevent planted.’ Nearby futures rose modestly in response, since the indicated acreage totals seemed surprisingly …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Ag markets diverged somewhat Thursday morning
The export data boosted corn futures Thursday morning. The ag industry is clearly expected huge fall corn production, but traders sometimes forget that demand is also quite strong. They were reminded of that fact by the weekly USDA Export Sales report, which stated corn commitments above industry forecasts. That’s a …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Ag markets ended Wednesday in decidedly mixed fashion
Corn futures posted a late-Wednesday comeback. Tuesday’s USDA reports implied record U.S. corn yield and harvest totals this fall, which weighed on CBOT futures Tuesday and again Wednesday. However, news of sizeable export sales boosted prices early today. Futures rallied from lower levels later in the day. September corn closed …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Ag markets moved mostly lower again Wednesday morning
Corn futures resumed their post-report decline Wednesday morning. Tuesday’s USDA reports implied record U.S. corn yield and harvest totals this fall. Futures reacted poorly to the news and couldn’t sustain overnight efforts to stabilize. Indeed, early morning announcements of fresh export sales also failed to push prices higher. Traders think …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Corn was the exception to the bearish ag market rule Tuesday
Corn futures bounced on Tuesday’s production data. Today’s USDA Crop Production report stated the forthcoming corn crop at 14.032 billion bushels, which fell moderately below the average of analyst estimates. Global carryout on the WASDE report also fell short of expectations, thereby causing corn futures to edge upward by the …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Ag markets moved mostly lower after Tuesday's USDA reports
Corn futures bounced on Tuesday’s production data. Today’s USDA Crop Production report stated the forthcoming corn crop at 14.032 billion bushels, which fell moderately below the average of analyst estimates. Global carryout on the WASDE report also fell short of expectations, thereby causing corn futures to take back a portion …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Ag markets posted divergent closes Monday
Corn futures edged higher to start the week. Talk of poor growing conditions and a likely improvement in Chinese demand seemed to boost the corn and bean markets to start the week. Short covering prior to tomorrow’s big USDA reports probably supported prices as well. September corn closed 5.0 cents …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Crop futures are mixed Monday, while livestock prices are down
Corn futures edged higher to start the week. Talk of poor growing conditions and a likely improvement in Chinese demand seemed to boost the corn and bean markets to start the week. However, unlike beans, this morning’s Export Inspections report probably disappointed corn traders. September corn gained 3.25 cents to …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Crop markets weak, livestock prices plunging on Thursday
The Export Inspections data is weighing on the crop markets. The prospects of huge fall supplies depressed the grain and soy complexes Wednesday night. Today’s early USDA Export Sales report caused additional corn losses, since the results were near the lower end of forecast ranges. September corn slid 5.25 cents …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Livestock led the ag markets lower Thursday
The Export Inspections data weighed on the crop markets. The prospects of huge fall supplies depressed the grain and soy complexes Wednesday night. The weekly USDA Export Sales report seemingly caused additional corn losses, since the results were near the lower end of forecast ranges. September corn slid 3.75 cents …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Ag markets turned mostly lower in early Tuesday trade
Corn futures are following soybeans lower Tuesday morning. The weekly USDA Crop Progress report indicated a 2% drop in good-to-excellent ratings for U.S. corn, which probably exceeded expectations. However, given the gains posted Monday and the surprisingly good soy result, corn futures followed the soy complex lower. September corn slid …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Ag markets moved mostly higher Monday morning
The crop markets started the week strongly. Although the weather remains conducive to huge fall crops, crop futures bounced in Sunday night/Monday morning action. That seemingly reflected ideas that recent losses were overdone. The weekly Export Inspections report also indicated a strong corn sales total, which apparently offered additional support. …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Ag markets ended the week in mixed fashion
Corn futures remained under pressure Friday. Prospects for a huge fall crop rather obviously weighed upon corn prices again today, especially with Corn Belt rainfall now forecast for the next two weeks. The fact that nearby futures failed at their 10-day moving averages this week probably exaggerated CBOT selling. September …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Ag turned decidedly mixed Friday morning
Corn futures remained under pressure Friday morning. Prospects for a huge fall crop are apparently weighing upon corn prices again today, especially with Corn Belt rainfall now forecast for the next two weeks. The fact that nearby futures failed at their 10-day moving averages this week is probably exaggerating current …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Ag markets remained mixed at midsession Thursday
The USDA’s Export Sales report discouraged corn traders. The weekly export sales report indicated a disappointing total for old crop corn sales, although the new crop total easily topped forecasts. The former apparently grabbed the attention of traders, as indicated by subsequent CBOT weakness. September corn dropped 3.75 cents to …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Ag markets posted divergent moves again Thursday
The Export Sales report discouraged corn traders. The USDA report indicated a disappointing total for old crop corn sales, although the new crop total easily topped forecasts. The former apparently grabbed the attention of traders, as indicated by subsequent CBOT weakness. Superlative growing conditions are encouraging bears. September corn dropped …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Ag markets suffered a general divergence Wednesday
Corn futures fluctuated around unchanged levels Wednesday. The corn market followed soybeans lower Tuesday night as improved weather forecasts weighed on prices. Ongoing U.S. dollar gains weren’t helpful either. However, news of a sizeable wheat sale to Nigeria boosted those markets, which in turn appeared to keep yellow grain prices …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Crop futures firmed Monday
Corn futures followed the soy markets higher. The prospect of a huge fall crop has badly depressed corn futures, but prices rebounded in concert with the soy complex Monday. Talk of surging export demand for soybeans and dryer August weather is apparently supporting the markets. Traders were probably disappointed by …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Crop markets generally strong at midday Monday
Corn futures have backed away from early highs around midsession Monday. The prospect of a huge fall crop has badly depressed corn futures, but prices are trying to rebound in concert with the soy complex. Talk of surging export demand for soybeans and dryer August weather is apparently supporting the …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 8 MONTHS AGO
Ag futures ended the week in decidedly mixed fashion
Corn futures posted a late bounce Friday afternoon. Large fall harvest prospects have recently exerted great pressure on the corn market, but concurrent slippage in the soy complex added weight this morning. A late statement from the U.S. Grains Council argued that China’s forthcoming rule on DDG imports is unworkable, …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 9 MONTHS AGO
Ag markets remained quite mixed at noon Friday
Corn futures dipped along with soy prices Friday morning. Large fall harvest prospects are exerting general pressure on the corn market, but concurrent slippage in the soy complex is also weigh on grains today. A late statement from the U.S. Grains Council argues that China’s forthcoming rule on DDG imports …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 9 MONTHS AGO
Bears made presence felt in the ag markets Thursday afternoon
Corn futures dipped on China talk Thursday. Corn futures followed soybeans higher Wednesday night and seemed likely to keep rising after the weekly Export Sales report stated the new-crop result far above expectations. However, rumors that China will insist that U.S. DDGs shipped to that country be certified free of …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 9 MONTHS AGO
Ag markets proved surprisingly changeable Thursday morning
Corn futures dipped on China talk Thursday morning. Corn futures followed soybeans higher Wednesday night and seemed likely to keep rising after the weekly Export Sales report stated the new-crop result far above expectations. However, rumors that China will insist that U.S. DDGs shipped to that country be certified free …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 9 MONTHS AGO
Corn futures end Wednesday lower
Corn futures ended the day with lower quotes. That marked the seventh consecutive session of weakness. The corn prices fell to the lowest since August 2010 on a continuous chart. The market was depressed by the ideal crop weather conditions as the crop moves into pollination. However, talk of sizeable …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 9 MONTHS AGO
Ag markets began Wednesday's trading in mixed fashion
Favorable conditions continued depressing corn futures Tuesday night. Although China announced overnight that it will increase its domestic grain storage capacity by 50 million tonnes, that apparently did little to support corn futures. Prospects for a bumper autumn harvest reportedly dragged yellow grain prices lower once again. July slid 2.5 …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 10 MONTHS AGO
Ag markets diverged Wednesday morning
Big ethanol production may be boosting corn futures. Corn futures bounced from fresh five-month lows yesterday and remained strong overnight. Bulls were probably pleased as well by the weekly EIA report stating last week’s ethanol production at a record high (due to rising gasoline prices). July corn gained 4.0 cents …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 10 MONTHS AGO
Crop futures began the week rather poorly, but livestock markets looking up
DDG news sent corn futures lower Monday. Current weather forecasts continue pointing to ideal U.S. conditions, which weighed upon corn futures today. However, Sunday night news that China has stopped issuing import permits for U.S. distillers grains (ddg) apparently exaggerated the losses. July corn dove 8.0 cents to $4.51/bushel at …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 10 MONTHS AGO
Ag markets diverged again Thursday
Weather news continued weighing on corn futures Thursday. The weekly USDA Export Sales report seemed supportive of CBOT corn prices, but the market suffered moderate across-the-board losses today. Ultimately, improved Midwest weather and prospects for a huge fall crop are depressing prices. July corn slumped 7.25 cents to $4.49/bushel at …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 10 MONTHS AGO
Ag markets took some rather divergent paths Wednesday
Favorable crop prospects seemed to renew pressure on CBOT corn Wednesday. Talk that recent corn and wheat losses will reinvigorate demand boosted those markets Tuesday night, but yellow grain increases prices couldn’t be sustained. Traders apparently resumed their recent sales in response to the favorable moisture situation across the Corn …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 10 MONTHS AGO
Ag markets ended Monday on a decidedly mixed note
Corn futures seemed to post a technical bounce Monday. The ag markets started this week rather poorly as forecasts for favorable spring weather continued weighing on prices. The weekly Export Inspections report didn’t seem very supportive, but nearby corn futures bounced from early lows. Beans led the rebound, but it …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 10 MONTHS AGO
Ag markets were decidedly mixed again Thursday morning
Weather forecasts are again weighing on corn prices. Although corn futures followed the bean market higher yesterday, bulls couldn’t sustain the upward momentum despite signs of potential technical support. Ultimately, favorable spring weather is pointing to a good fall harvest, which in turn is weighing on prices. July corn slumped …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 10 MONTHS AGO
Ag markets ended the week in decidedly mixed fashion
Improved planting prospects depressed corn futures Friday. The grain and soy markets bounced Thursday night, but corn turned lower in Friday action. Talk of improved planting weather apparently triggered fresh selling, since farmers could get a great deal of grain planted during the prospective window expected next week. July corn …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 11 MONTHS AGO
Ag markets proved generally weak Tuesday night
Profit-taking reportedly hit the crop markets Tuesday night. The crop markets posted impressive gains Tuesday, with the nearby contracts making multi-month highs. Their rallies may persist, especially if country prices remain strong, but the markets apparently suffered from widespread profit-taking in overnight action. May corn sank 4.0 cents to $5.1175/bushel …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 11 MONTHS AGO
Ag market proved generally mixed Monday
Corn was supported by slow planting prospects Monday. Although some farmers may have been able to rush some corn planting late last week, the advent of wet, chilly weather over the Corn Belt over the weekend reportedly encouraged buying. Little corn is likely to get planted during the next two …
COLUMBIA BASIN HERALD | UPDATED 10 YEARS, 12 MONTHS AGO
Soy, wheat markets surged Tuesday
Spillover strength supported corn futures Tuesday. The latest forecasts point to cool mid-April temperatures, but they also imply a stretch of dryness. That may allow farmers to take advantage of the dry spell and get lots of corn planted, which weighed upon prices late this morning. However, strength spilling over …
COLUMBIA BASIN HERALD | UPDATED 11 YEARS AGO
Ag markets seemingly weakened as Monday morning passed
Corn futures started the week on a soft note. Ongoing rains over parts of the Corn Belt and improved weather forecasts for the central U.S. seemed to weigh upon corn future Sunday night. Traders reportedly expect late-week dryness to allow a big surge in plantings. Early losses were likely limited …
COLUMBIA BASIN HERALD | UPDATED 11 YEARS AGO
Ag markets proved rather volatile Wednesday morning
Corn futures followed wheat higher Wednesday morning. The corn market has bounced from technical support this week with a big assist from surging wheat prices. Wheat gains and talk of potential spring dryness in the U.S. and Black Sea appear to be boosting prices, but traders were probably encouraged by …
COLUMBIA BASIN HERALD | UPDATED 11 YEARS, 1 MONTH AGO
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