Corn and wheat futures also fell at the Chicago Board of Trade, with corn hitting session lows in the minutes after the monthly supply and demand report was released at midday. USDA pegged both soybean and corn ending stocks below analyst expectations amid strong soy export demand and increased corn domestic demand for sweeteners. "I think it's a buy the rumor,...» Read More
*Corn supported by gains in soybeans, strong export data. "There is just a lot of demand out there," said Greg Grow, director of agribusiness at Archer Financial Services. Corn prices edged higher, supported by the gains in soybeans as well as better-than-expected export data.
*Corn, soy close firm on short-covering. Corn and soybeans rose, snapping two-session losing streaks on a round of short-covering. Egypt, the world's top buyer of wheat, on Wednesday again bypassed U.S. offerings in its latest tender in favor of cheaper supplies from France and Ukraine.
*Corn edges higher on bargain buying. Corn edged higher, with traders noting some bargain buying after posting sharp declines in the previous two sessions. Egypt, the world's top buyer of wheat, on Wednesday again bypassed U.S. offerings in its latest tender in favor of cheaper supplies from France and Ukraine.
*Wheat also weak on technical selling. CHICAGO, Nov 4- U.S. corn and soybean futures fell for the second day in a row on Tuesday on pressure from an advancing harvest that provided country elevators and processors around the U.S. "We have established a short-to-intermediate top of our trading range and we are just kind of retreating back toward the middle of it," said...
*Wheat also weak on technical selling. "We have established a short-to-intermediate top of our trading range and we are just kind of retreating back toward the middle of it," said Bill Gentry, broker at Risk Management Commodities. At 10:54 a.m. CST, Chicago Board of Trade corn for December delivery was down 7 cents at $3.66-1/ 2 a bushel.
*Corn also weak as harvest pace quickens. *Wheat firm but poor export demand limits gains. Corn futures also fell, weighed down by the weakness in the soy complex as well as a firm dollar that chilled demand for U.S. supplies on the export market.
*Wheat firm but poor export demand limits gains. Good harvest weather in the U.S. and better planting weather in South America suggest that supply will remain comfortable, " Tobin Gorey, an analyst at Commonwealth Bank of Australia, said in a research note to clients. Chicago Board of Trade soybeans for January delivery were down 19-3/ 4 cents at $10.29-1/ 2 a bushel at...
--Clyde Russell is a Reuters columnist. This will still take some time, as Thailand, when it was the world's top exporter of the grain, shipped around 10 million tonnes a year, meaning even 2 million tonnes of stockpile is a significant amount for the market to absorb. The not so positive news is that Thailand has 12.6 million tonnes of rapidly deteriorating rice that...
*Wheat supported by USDA stocks view. CHICAGO, Oct 10- Chicago Board of Trade corn and soybean futures dropped on Friday, with big crops in focus following a U.S. Agriculture Department report that boosted already-record forecasts for U.S. production. Wheat futures closed higher after the USDA cut its outlook for domestic supplies in the closely watched report.
*Corn, soy firm despite expectations for record crops. Corn and soybeans firmed, with corn notching its seventh straight day of gains. "It seems that the rally ran out of steam as fundamentals globally remain a bit bearish," said Greg Grow, director of agribusiness at Archer Financial Services.
*Corn, soy firm despite expectations for record crops. Corn and soybeans firmed, with corn on track for its seventh straight day of gains. "The U.S. Agriculture Department is going to remind us of a world that is flush with wheat," said Tom Fritz, a partner with EFG Group in Chicago.
CHICAGO, Sept 19- U.S. wheat futures fell 2.9 percent to their lowest in more than four years on Friday, matching a similar low in Paris wheat futures, as a global supply glut overwhelmed demand and pressured prices.
*Soybeans, corn shrug off export news. *Soybeans on track for weekly loss of 12.2 percent. CHICAGO, Sept 19- U.S. wheat futures fell 2.1 percent to their lowest in more than four years on Friday, matching a similar low in Paris wheat futures, as a global supply glut overwhelmed demand and pressured prices.
CHICAGO, Sept 17- Chicago Board of Trade soybeans and wheat firmed slightly on Wednesday as bargain hunters stepped into the market to provide a boost to commodities that were trending near four-year lows, traders said. "The new crop is going to overwhelm the balance tables," Matt Zeller, director of market information at INTL FCStone, said in a note to clients.
The ongoing drought in California is cutting back the state's rice crop. It's gotten so bad, one rice farmer said they might have to sell the land.
*Thailand may miss 10 million T export target for this year. SAMUT PRAKAN, Thailand, Aug 29- Thailand is facing delays in plans to export millions of tonnes of rice from state stockpiles because of a labour shortage at ports after hundreds of thousands of foreign workers fled amid fears of a military crackdown on illegal migrants.
BANGKOK, Aug 14- Thailand's military government will likely cut the floor price for sales from the country's mammoth rice stocks after it failed to shift any grain in its first tender last week, a senior government official said on Thursday.
MUMBAI/ BANGKOK, July 21- Thailand is set to reclaim its status as the world's top rice exporter as weak monsoon rains curb India's crop, helping the Southeast Asian country's new military government offload bulging stockpiles.
*South Korea has long been expected to switch to tariffs. SEOUL, July 18- South Korea will scrap caps on rice imports from the start of 2015, instead managing shipments into the country using a system of steep tariffs, the government said on Friday.
Common grade Thai 5 percent white rice was offered at $430 per tonne, up from $420 last week. In Vietnam, the price of low-quality 25- percent broken rice rose around 5 percent from $365 to $370 to $385 to $390 a tonne, the highest in nearly seven months, driven up by limited supply and regional buying, traders said.