CHICAGO— Grain futures were lower Friday in early trading on the Chicago Board of Trade. Wheat for May delivery unchanged at $5.0050 a bushel; May corn was 1.75 cents lower at $3.8675 a bushel; May oats were unchanged at $2.7450 a bushel; while May soybeans lost. 75 cent to $10.2575 a bushel. April live cattle was 1.40 cents higher at $1.5120 a pound; March feeder cattle...» Read More
*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.
NEW YORK- A futures broker has agreed to pay a $1.56 million penalty to settle claims that he manipulated wheat futures prices with fictitious sales in 2009, according to a court filing.
*Corn, soy rise ahead of USDA stocks report next week. PARIS/ SINGAPORE, Sept 25- Chicago wheat on Thursday pared overnight gains as operators feared that a rise in the dollar could hamper demand for U.S. supplies, after more than four months of mostly falling prices had reached levels that attracted buyers.
*Wheat traders gained confidence this week after Egypt's GASC bought its first cargo of U.S. wheat in six months, taking SRW at nearly a $10 per tonne discount on a FOB basis to French wheat. *FOB hard red winter wheat basis offers rose 5 cents for Oct/Nov/Dec loadings to 205/ 205/ 200 cents over KCBT December futures.
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.
*FOB soybean offers for October/November shipments fell 7 cents to 173/ 163 cents over CBOT November futures, tracking weaker nearby CIF values- which fell about 25- 30 cents a bushel this week- ahead of the expected record harvest.
The price of oil continues to slide, and it's the birthday of commercial oil wells in the U.S. CNBC's Rick Santelli checks on corn and wheat prices.
The Futures Now team discusses concerns about food inflation, and whether the slide in corn and wheat is good news.
Abah Ofon, Director of Agricultural Commodities Research at Standard Chartered, says tensions about Ukraine have added a supply premium to the wheat market.
The Ukraine conflict has sent commodities markets into a tizzy, with Russia's invasion of the Ukrainian peninsula Crimea pushing up wheat and corn.
In two weeks, Girl Scouts will descend upon supermarkets and businesses to peddle boxes of cookies, tempting people with a new gluten-free cookie.
The United Nations food agency said rising sugar prices due to harvest concerns in Brazil drove global food prices slightly higher in October.
Simona Gambarini, associate director of research at ETF Securities, expects the upcoming USDA crop report to stay bearish.
Philippa Malmgren, president of Principalis Asset Management, argues that the protests in Egypt erupted due to the government's failure to deliver on its promise for lower wheat prices.
Farmers are planting more corn than expected -- in fact, they planted more than any year since 1936, reports CNBC's Jane Wells. The USDA also expects record Soy crops, she says.
The Department of Agriculture has found unapproved, genetically modified wheat on an Oregon farm, reports CNBC's Hampton Pearson.
Jerry Gulke, Gulke Group president discusses what he expects to see from today's USDA Supply and Demand Report, with CNBC's Rick Santelli.