MINNEAPOLIS— Delays in railroad shipping have cost Minnesota corn, soybean and wheat farmers nearly $100 million and cut deeply into the value of grain still in storage at farms across the state, according to a University of Minnesota report released at an agricultural freight conference Thursday.» Read More
*Soybeans firm on bargain buying, exports. *Corn following wheat higher after hitting four-month low. Corn followed wheat higher, with short-covering also noted after the front-month contract dropped to a four-month low on Tuesday.
*Soybeans drop below $14, fund selling noted. CHICAGO, June 17- U.S. soybean futures fell 1.6 percent at the Chicago Board of Trade on Tuesday, dropping below $14 a bushel for the first time since March 24, on the easing of pressure on the U.S. balance sheet, traders said.
*Wheat hits lowest since late Feb after firm start. *USDA crop ratings expected to be bearish for corn, soybeans. CHICAGO, June 16- Chicago Board of Trade corn futures dropped 1.3 percent on Monday on expectations of a robust U.S. harvest this fall due to good crop weather across the U.S.
*Wheat up after heavy losses in past 5 weeks. PARIS/ SINGAPORE, June 16- Chicago wheat rose more than 1 percent on Monday in a second day of gain on bargain buying after falling for the last five weeks, while soybeans recovered from last week's 2-1/ 2- month low, underpinned by tight old-crop supplies in the United States.
*Soybeans fall despite USDA cutting 2013/ 14 U.S. stocks. USDA also raised its estimate of global 2014/ 15 wheat production, more than offsetting a cut in the U.S. wheat harvest. USDA lowered its estimate of U.S. 2014 winter wheat output to 1.381 billion bushels, from 1.403 billion in May, reflecting losses in the drought-hit U.S.
*Corn also pressured by China halting import permits for U.S. *Wheat sags as Northern Hemisphere harvest nears. At the Chicago Board of Trade as of 11:55 a.m. CDT, July corn was down 10 cents at $4.49 per bushel after hitting $4.45-1/ 2, the lowest spot price since Feb. 24.
*Corn, wheat facing 4th straight weekly drop. *Wheat market watching U.S. harvest, heat in Russia. PARIS/ SINGAPORE, June 6- Chicago corn and wheat futures edged higher on Friday, finding support after favourable crop weather drove prices to three-month lows earlier in the session.
Poor rains in India, where farmers depend on the annual June-September monsoon to irrigate nearly half their land, typically stoke inflation- a key worry for Prime Minister Narendra Modi's newly formed government. India has sold a total of about 11.5-12 million tonnes of wheat overseas in the past two years, dragging on global prices.
FAO WORLD WHEAT OUTPUT FORECAST IS NEARLY 703 MLN TONNES IN 2014, 12.6 MLN TONNES BELOW 2013 RECORD HARVEST.
Decatur, Illinois, rolled its spot bid to 95 cents over August futures on Tuesday. *Old-crop FOB Gulf soybean basis offers fell 5 cents, with June at 90 cents over and July at 85 cents over July futures. *CBOT July soybeans ended 19-1/ 4 cents lower at $14.81-1/ 4 a bushel while November soy closed 8 down at $12.21-3/ 4.
*Soybeans top $15 on bull spreading, strong export demand. *Corn follows soy higher but U.S. weather weighs. *Wheat drops to lowest since March 3.
*Bumper wheat harvests in Ukraine, Russia push down prices. Blessed with near-record output, exporters in Russia and Ukraine are offering the cheapest wheat from the Black Sea region, tempting Asian buyers to switch from the Australian and U.S. grain that has traditionally dominated their supplies.
*Wheat heading for largest monthly decline since Sept 2011. Wheat futures have fallen sharply from the more than 10- month high they notched early this month amid a deep drought in the southern U.S. Wheat on a continuous chart was on track to shed about 11.5 percent this month for the worst such performance since September 2011.
OCTOBER 6 VILLAGE, Egypt May 25- Egypt aims to buy about half of its domestic wheat harvest this year at 4.4 million tonnes and is unlikely ever to get much more from farmers, who need to reserve the rest for seed and to feed their families.
"There is not a lot of business being done," said Mark Schultz, analyst at Northstar Commodity in Minneapolis. The market... has anticipated the crop getting planted, "said Bill Gentry, broker at Risk Management Commodities. For the week, Chicago Board of Trade soft red winter wheat was down 5.5 percent, its biggest weekly decline in four months.
CHICAGO, May 16- U.S. wheat futures fell for the eighth straight session on Friday, on track for their longest losing streak since June, due to poor demand for U.S. offerings on the export market despite the streak of declines. "There is not a lot of business being done," said Mark Schultz, analyst at Northstar Commodity in Minneapolis.
*Wheat unchanged, still on track for sharp fall this week. PARIS/ SINGAPORE, May 16- Chicago corn traded nearly flat on Friday, hovering near a seven-week low hit in the previous session as forecasts for improved weather in the U.S. grain belt boosted expectations that farmers will make rapid planting progress.
*Wheat down 7.4 percent during seven days of declines. The current cold conditions that certain parts of the country are experiencing are going to change next week, "said Tom Fritz, an analyst at EFG Group in Chicago.
*Wheat down 7.4 percent during losing streak. Wheat and soybean futures also were lower, with wheat dropping for the seventh day in a row due to ample global supplies that were chilling demand for U.S. offerings on the export market.
*Wheat pauses after rising in 10 of last 11 sessions. Wheat futures also dropped, taking a breather after reaching the highest levels in more than a year, and corn was lower as well. At the Chicago Board of Trade, benchmark July soybeans settled down 13-1/ 4 cents at $14.46-1/ 4 per bushel, after falling to $14.41-3/ 4, their lowest since April 3.