Latest news with #CropFutures
Bloomberg
6 days ago
- Climate
- Bloomberg
Grains and Soy Hold Near Lows Ahead of US Conditions Report
Crop futures were hovering near recent low levels in Chicago as the weather remained broadly favorable for US fields ahead of a weekly conditions report due later Monday. Corn is holding above the key psychological threshold of $4 a bushel with America's most widely grown crop on track for a record harvest. Meanwhile, soybeans have drifted below $10 a bushel while wheat fell to a 12-week low before ticking slightly higher.
Yahoo
25-07-2025
- Business
- Yahoo
Corn and Soybeans Head for Weekly Losses as US Weather Stays Wet
(Bloomberg) -- Crop futures were on track for a weekly decline as weather outlooks called for more rain in the US Midwest, boosting yield prospects at a time when investors were already bearish. Trump Awards $1.26 Billion Contract to Build Biggest Immigrant Detention Center in US The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom Trump Administration Sues NYC Over Sanctuary City Policy A slow-moving cold front in the region Friday helped to bring cooler temperatures, according to the US Department of Agriculture's daily outlook. 'Heavy showers and thunderstorms along the front are maintaining favorable moisture supplies for corn and soybeans in the central Corn Belt,' the agency said. Heat earlier this week was linked to 'corn sweat,' when plants release moisture in the atmosphere that contribute to humidity. Over half the crop is throwing threads of silk as part of the yield-determining pollination process, while corn's national ratings of 74% 'good or excellent' are the best for this time of year since 2016. The favorable weather is keeping some investors on the sidelines, with light trading volumes on the Chicago exchange. 'Limited volume tells us that the market is comfortable with the current situation,' said StoneX risk management consultant Matt Campbell, adding that supplies are adequate and there's no need to change prices. Still, some buyers were taking advantage — the USDA reported daily export sales of both corn and soybeans to Mexico. In other markets, MIAX spring wheat futures were little changed one day after an annual crop tour found yield potential below USDA's estimate in North Dakota, the biggest grower. Burning Man Is Burning Through Cash Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Elon Musk's Empire Is Creaking Under the Strain of Elon Musk A Rebel Army Is Building a Rare-Earth Empire on China's Border ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
25-07-2025
- Climate
- Bloomberg
Corn and Soybeans Head for Weekly Losses as US Weather Stays Wet
Crop futures were on track for a weekly decline as weather outlooks called for more rain in the US Midwest, boosting yield prospects at a time when investors were already bearish. A slow-moving cold front in the region Friday helped to bring cooler temperatures, according to the US Department of Agriculture's daily outlook. 'Heavy showers and thunderstorms along the front are maintaining favorable moisture supplies for corn and soybeans in the central Corn Belt,' the agency said.
