Chicago, Feb 5- U.S. wheat futures slumped for a second session on Friday, anchored by ample global supplies and after top importer Egypt canceled a tender for the second time this week. Corn and soybeans were also lower at the Chicago Board of Trade, with all three markets on pace for a weekly decline ahead of a U.S. Department of Agriculture supply and demand...» Read More
*Soybeans extend gains to 1.3 pct after China cuts rates. *USDA leaves condition of soybean, corn crop unchanged. Wheat gained 1 percent despite the U.S. Department of Agriculture pegging the progress of the spring wheat harvest above market expectations.
*Corn, wheat futures advance into positive territory. CHICAGO, Aug 24- U.S. soybean futures dropped to their lowest levels in over six years on Monday and soyoil touched a nine-year low as concerns about China's faltering economy fueled selloffs in commodities and equities markets. Soybeans have dropped in six out of the last seven sessions on worries that signs...
*Corn also down after rally, Pro Farmer tour yields eyed. Corn was on pace for a modest weekly gain after falling 2 percent last week but soybeans and wheat were poised for a second straight weekly drop. Corn prices softened after consolidating from a rally this week, with traders awaiting Friday's crop estimates from the Pro Farmer newsletter following this...
*Wheat holds at $5 as corn, dollar offset global supply. Soybeans also remained under pressure from concerns about the economy in China that have pushed commodity markets to multi-year lows. Chicago wheat also ticked upwards, drawing support from corn, a weaker dollar and chart support around the $5 level.
*Wheat up nearly 2 pct after Wednesday's 3 pct slide. *USDA surprised market with higher soy, corn crop forecasts. At the Chicago Board of Trade as of 12:55 p.m. CDT, September wheat was up 8 cents at $5.00-1/ 4 per bushel.
About a quarter of all S&P 500 companies will report earnings in the coming week, which could be a boost for stocks.
CNBC's Jane Wells reports the details out of the latest U.S. crop report.
When the price of sugar falls, things get sweeter for processed food manufacturers such as J.M. Smucker and Hershey, if history is a guide.
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.
Discussing how staples, including corn, wheat and soy, are holding up in the Midwest amid cold weather, with Weather Channel's Reynolds Wolf and Jeff Kilburg, KKM Financial.