Menu

Pork Network Pork Network

Click here for navigation menu

Search form

Markets

Markets

Soy complex softens as weekend nears

Rainy weather may have affected corn futures. The corn market seemingly had few reasons to rally Friday, especially with the stock market diving and the U.S. dollar rebounding. The yellow grain may simply have reacted to firm soy and wheat quotes, but one also has to wonder if the early strength reflected ongoing planting delays and forecasts for wet, cool weather into early May. May corn futures rose 3.5 cents to $3.7975/bushel in late Friday action, while December added 3.0 to $4.0325.

Markets

Rainy weather affecting corn futures Friday at midday

Rainy weather may be starting to affect corn futures. The corn market seemingly had few reasons to rally this morning, especially with the stock market diving and the U.S. dollar rebounding. The yellow grain may simply be reacting to firm soy and wheat quotes, but one also has to wonder if today’s early strength reflects ongoing planting delays and forecasts for wet, cool weather into early May. May corn futures gained 2.75 cents to $3.79/bushel late Friday morning, while December added 2.0 to $4.0225.

Markets

Soy complex narrowly mixed on Thursday

Fed statements sank the dollar and supported markets Thursday afternoon. Talk of improved spring weather weighed on the crop markets this morning, but general market pessimism also played a role in undercutting corn futures. Today’s USDA Export Sales report looked quite supportive of yellow grain values, but prices reacted little. However, a Fed bank president discussed the U.S. economy today, with statements about inflation and interest rate hikes apparently depressing the dollar and boosting markets. Corn futures ended the day mixed to higher.

Markets

Export data fail to help crop markets Thursday at midday

Thursday’s export data hardly helped the crop markets. Today’s USDA Export Sales report stated the corn total near the upper end of the forecast range, but futures couldn’t sustain their initial positive reaction. Overnight economic statements and disappointing economic reports appear to be weighing on most markets, with corn futures following the general downward trend. May corn futures slid 2.25 cents to $3.7375/bushel around midsession Wednesday, while December dipped 2.75 to $3.9775.

Markets

Wheat futures end Wednesday on down note

Talk of slow plantings seemed to boost corn futures Wednesday. Corn prices dipped overnight and appeared to be vulnerable to more of the same, especially with ethanol output slowing last week and an Argentine firm boosting that country’s harvest forecast. And yet, CBOT prices turned higher later in the days; sources cited the slow start to U.S. plantings. May corn futures settled 2.5 cents higher at $3.76/bushel Wednesday, while December added 1.5 to $4.005.

Welcome

to our redesigned homepage!

Scroll Down for more stories

Feedback Form
Feedback Form