Richard Feltes News
-
Soybeans fell the most in three weeks as the highest prices this year prompted U.S. farmers to boost sales and processors offered smaller premiums for deliveries. Wheat futures also slid while corn rose.
-
CME Group Inc., owner of the world’s largest grain market, is set to cut trading hours next week as the exchange backs off expanded access that customers complained was too long and eroded market liquidity.
-
Soybean prices may rise this year because U.S. farmers plant less and demand for animal feed and cooking oils made from the oilseed will increase, said Richard Feltes , vice president of research for R.J. O’Brien & Associates LLC.
-
Prices for the two biggest U.S. crops will fall this year on record corn and soybean production, easing food inflation while providing less cash for growers recovering from drought, the government said.
-
Corn fell from a two-month high as U.S. farmers stepped up sales of inventories from last year’s record harvest, and slumping oil prices eroded the appeal of grain used to make ethanol.
-
IntercontinentalExchange Inc., the second-largest U.S. futures market, is adding agricultural contracts to draw trading from speculators betting on price swings linked to changes in U.S. government crop estimates.
-
Wet weather that delayed corn planting in the U.S., the world’s largest exporter, may send global inventories to their lowest in 37 years, signaling higher costs for consumers and livestock producers.
-
What follows are opening calls for U.S. grain and oilseed markets.
-
Crop prices surged in Chicago, lifting soybeans to a record, as the worst U.S. drought since 1956 scorched fields and raised chances of higher food prices.
-
Soybean futures fell the most in three months and corn extended the longest slump since December after the U.S. government forecasts bigger global inventories of both crops than analysts expected.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page