Latest news with #CDT
Business Recorder
3 days ago
- Business
- Business Recorder
Wheat steady-down 3 cents, corn down 2-3, soy steady-down 4
CHICAGO: The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday. Note: The U.S. Department of Agriculture is expected to release its monthly World Agricultural Supply and Demand Report at 11:00 a.m. CST. Wheat - Steady to down 3 cents per bushel CBOT wheat ticked down as the U.S. dollar gained strength and traders positioned prior to the release of the USDA's monthly supply and demand report. Ahead of the USDA's monthly supply-demand and crop production reports on Friday, analysts surveyed by Reuters on average expect the government to lower its estimate of U.S. 2025/26 wheat production. Only slight changes were seen for the USDA's forecasts of 2025/26 U.S. and global wheat ending stocks. European Union production of soft wheat, the bloc's main cereal crop, is expected to reach 123.4 million metric tons this year, a 9.6% increase from last year's poor harvest, farming association Copa Cogeca said on Friday. CBOT September soft red winter wheat was last down 3 cents to $5.51-1/2 per bushel. K.C. September hard red winter wheat was last down 5 cents to $5.29-3/4 per bushel. Minneapolis September wheat was last down 2-3/4 cents to $6.29 a bushel. Wheat steady-up 6 cents, corn steady-down 2, soy down 1-7 Corn - Down 2 to 3 cents per bushel CBOT corn eased on favorable crop conditions and a firming dollar ahead of the USDA's supply/demand report. A favorable mild, showery pattern is expected to aid corn pollination in the U.S. Midwest, according to forecaster Commodity Weather Group. Ahead of Friday's monthly USDA supply/demand reports, analysts surveyed by Reuters on average expected the government to lower its forecasts of U.S. corn inventories remaining at the end of the 2024/25 and 2025/26 marketing years. CBOT December corn was last down 2-1/4 cents to $4.14-1/4 per bushel. Soybeans - Steady to down 4 cents per bushel CBOT soybean futures Chicago dipped on favorable weather in the U.S. Midwest growing region as investors awaited the results of the USDA's monthly supply/demand report. Ahead of Friday's monthly USDA supply/demand reports, analysts surveyed by Reuters on average expected the government to raise its forecasts of U.S. soybean inventories remaining at the end of the 2024/25 and 2025/26 marketing years. Brazilian government crop supply agency Conab estimated the country's 2024/25 soybean harvest at 169.5 million tons, compared with its month-ago estimate of 169.60 million CBOT November soybeans were last down 3-1/4 cents to $10.10-1/2 per bushel.
Business Recorder
4 days ago
- Business
- Business Recorder
Wheat steady-up 6 cents, corn steady-down 2, soy down 1-7
CHICAGO: The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Thursday. Wheat - Steady to up 6 cents per bushel CBOT wheat climbed as tight Russian supplies overcame pressure from an advancing harvest elsewhere, according to analysts. In Russia, the world's biggest wheat-exporting country, a slow start to harvesting and reluctant selling by farmers were forcing exporters to raise prices as they tried to secure supply to load vessels, according to traders. 6-10 day rains are set to provide a moisture boost for Northern Plains spring wheat after hot and dry short-term conditions, according to forecaster Commodity Weather Group. CBOT September soft red winter wheat was last up 5-1/2 cents to $5.52-1/2 per bushel. K.C. September hard red winter wheat was last up 8 cents to $5.32 per bushel. Minneapolis September wheat was last up 5-1/2 cents to $6.37 a bushel. Wheat steady-down 3 cents, corn mixed, soy steady-down 5 Corn - Steady to down 2 cents per bushel CBOT corn consolidated near multi-month lows as markets looked ahead to the U.S. Department of Agriculture's monthly supply and demand report, due out on Friday. Favorable weather in the U.S. Midwest continues to pressure corn futures and traders remain worried that U.S. tariff disputes with key trading partners may hurt demand for U.S. crops and exacerbate a glut in supply. Milder temperatures in the Midwest are expected to boost corn pollination, according to Commodity Weather Group. U.S. President Donald Trump's proposal on Wednesday of a 50% tariff on all imports from Brazil caused a slide in its currency, the real, which could have a bearish knock-on effect on grain markets by making Brazilian exports cheaper, traders said. CBOT December corn was last down 1-3/4 cents to $4.13-3/4 per bushel. Soybeans - Down 1-7 cents per bushel CBOT soybean futures Chicago fell to new multi-month lows on non-threatening weather in the U.S. Midwest and investor fears about about knock-on effects from Trump's announcement of a 50% tariff on goods from Brazil. Traders positioned ahead of the USDA's supply and demand report, due on Friday. The central and eastern Midwest will trend somewhat drier and cooler in the coming weeks, according to Commodity Weather Group. CBOT November soybeans were last down 1-3/4 cents to $10.05-1/2 per bushel.
Business Recorder
5 days ago
- Business
- Business Recorder
Wheat steady-down 3 cents, corn mixed, soy steady-down 5
CHICAGO: The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday. Wheat - Steady to down 3 cents per bushel CBOT wheat ticked down as an advancing northern hemisphere harvest kept a lid on prices. Consultancy Sovecon said on Tuesday it had raised its forecast for Russia's wheat exports for the 2025-2026 season by 2.1 million metric tons to 42.9 million tons, reflecting improved crop prospects and competitive prices. Wetter weather in the Northern Plains is expected to offer a late moisture boost to spring wheat, according to forecaster Commodity Weather Group. The lowest price offered in an international tender from Bangladesh's state grains buyer to purchase and import 50,000 metric tons of wheat on Wednesday was assessed at $268.90 a metric ton CIF liner out, European traders said. CBOT September soft red winter wheat was last down 1-1/4 cents to $5.46-1/2 per bushel. K.C. September hard red winter wheat was last down 2 cents to $5.20-1/2 per bushel. Minneapolis September wheat was last down 2-3/4 cents to $6.27 a bushel. Wheat steady-down 5 cents, corn down 1-4, soy mixed Corn - Up 1 to down 2 cents per bushel CBOT corn was pressured by unfolding U.S. tariff policy announcements and favorable U.S. crop prospects. U.S. President Donald Trump said late on Tuesday on Truth Social that 'a minimum of seven' tariff notices would be released on Wednesday morning, and more in the afternoon. Tariffs against goods from other countries can lead to retaliation against U.S. agricultural exports. Drier but mild weather in the U.S. Midwest is expected to limit stress concerns for the crop in the next few weeks, according to Commodity Weather Group. CBOT December corn was last down 2 cents to $4.12-1/4 per bushel. Soybeans - Steady to down 5 cents per bushel CBOT soybean futures Chicago fell for a third day as traders wrestled with U.S. tariff announcements and monitored favorable U.S. crop prospects. Non-threatening weather is expected in the U.S. Midwest in the coming weeks, according to forecasters. November soybeans were last down 4-1/2 cents to $10.13 per bushel.
Business Recorder
6 days ago
- Business
- Business Recorder
Wheat steady-down 5 cents, corn down 1-4, soy mixed
CHICAGO: The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Tuesday. Wheat - Steady to down 5 cents per bushel CBOT wheat eased as the U.S. winter wheat harvest progressed faster than expected last week, according to U.S. Department of Agriculture data, and traders focused on large incoming supplies from Northern Hemisphere crops. Commodities markets faced pressure from ongoing uncertainty over the results of U.S. tariff policy. Powerhouse Asian economies Japan and South Korea said on Tuesday they would try to negotiate with the U.S. to soften the impact of sharply higher tariffs that President Donald Trump now plans to impose from the start of August. News on Friday that Russia will cut its wheat export tax to zero underscored stiff expected competition from Black Sea supplies as the 2025/26 season gets under way. CBOT September soft red winter wheat was last down 4 cents to $5.44-1/2 per bushel. K.C. September hard red winter wheat was last down 5-1/2 cents to $5.22 per bushel. Minneapolis September wheat was last down 6 cents to $6.31-1/4 a bushel. Wheat falls more than 3% on supply pressure; corn, soybeans drop Corn - Down 1 to 4 cents per bushel CBOT corn fell on improved U.S. crop ratings and forecasts of more benign weather in the Midwest corn belt. The U.S. Department of Agriculture rated 74% of the nation's corn crop in good to excellent condition, up 1 percentage point from last week and the highest for this time of year since 2018, a weekly USDA crop progress report showed on Monday. July is the month when most of the U.S. corn crop begins pollination, its key reproductive phase, which is crucial for determining yield. Drier but mild weather in the U.S. Midwest is expected to limit stress concerns for the crop in the next few weeks, according to Commodity Weather Group. CBOT December corn was last down 3 cents to $4.17-3/4 per bushel. Soybeans - Up 2 to down 7 cents per bushel CBOT soybean futures headed downward as favorable U.S. crop conditions created supply pressure while uncertainty over the outcome of Washington's tariff-based negotiations with trading partners worldwide weighed on demand sentiment. Non-threatening weather is expected in the U.S. Midwest in the coming weeks, according to forecasters. CBOT November soybeans were last down 3-1/4 cents to $10.17-1/2 per bushel.
Newsweek
05-07-2025
- Climate
- Newsweek
Millions in Texas Face 'Life-Threatening' Flood Threat: 'Move Immediately'
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The federal National Weather Service (NWS) has warned of imminent "life threatening" flash flooding on Saturday for a part of Texas with residents urged to take precautions and avoid flooded roads. Why It Matters Texas Hill Country was hit by a wave of deadly flash floods on Friday following a rain deluge, with local authorities saying "about 24" people have been confirmed dead; more than 20 girls who were attending a summer camp are missing. First responders may find their rescue efforts hampered by further heavy rainfall at the same time as the number of people needing help increases. What To Know The NWS has imposed a flash flood warning for western Burnet County on Saturday until 8:30 a.m. CDT. The service says: "The expected rainfall rate is 3 to 7 inches in 1 hour. Additional rainfall amounts of 2 to 5 inches are possible in the warned area. Flash flooding is ongoing or expected to begin shortly." Residents are told to expect: "Life threatening flash flooding of creeks and streams, urban areas, highways, streets and underpasses." For safety reasons, people are urged to avoid flooded roads as "most flood deaths occur in vehicles," "be aware of your surroundings" and "be especially cautious at night." A NWS flash flood warning is also in effect for Burnet, Travis and Williamson counties in Texas until 8 a.m. CDT on Saturday, with an expected rainfall rate of "3 to 6 inches in 1 hour." For this area, the NWS says: "Flooding is occurring or is imminent. It is important to know where you are relative to streams, rivers, or creeks which can become killers in heavy rains. Campers and hikers should avoid streams or creeks." Flash-flood warnings are also in place for western Travis County and fareastern Burnet County around Lake Travis until 5 a.m. CDT on Saturday, along with central Burnet County and northwestern Williamson County until 6:30 a.m. Central Comal County and central Kendall county have NWS flash-flood warnings in place until 6 a.m. CDT on Saturday. File photo: A flood gauge marks the height of water flowing over a farm-to-market road near Kerrville, Texas, on Friday, July 4, 2025. File photo: A flood gauge marks the height of water flowing over a farm-to-market road near Kerrville, Texas, on Friday, July 4, 2025. Eric Gay/AP In a post on X, formerly Twitter, the NWS Austin/San Antonio office warned people living in Marble Falls, Granite Shoals and Horseshoe Bay to "move immediately to higher ground" and "avoid walking or driving through floodwaters" due to flash flooding. Separately, flood warnings have been issued for the south fork of the San Gabriel River at Georgetown until Sunday morning, with people urged to "report observed flooding to local emergency services." Similar warnings apply to the Guadalupe River near Spring Branch in Comal County until Saturday afternoon; Llano River in Llano County until Saturday evening; Medina River at Bandera in effect until 2:15 p.m. CDT on Saturday; Sandy Creek near Kingsland until Sunday afternoon; the Colorado River near San Saba until early Monday morning; Concho River at Paint Point until Saturday afternoon; and the San Saba River in effect until Monday morning. Lesser NWS flood watches are in place for a stretch of Texas covering Llano, Burnet, Williamson, Kerr, Bandera, Gillespie, Kendall, Blanco, Hays, Travis, Bastrop, Lee, Medina, Bexar, Comal, Guadalupe, Caldwell, Fayette, Atascosa, Wilson and Gonzales counties until Saturday evening, with up to 10 inches of rain possible in some areas. A flood watch also applies to Lampasas, Coryell and Bell counties, with up to 5 inches of rain possible until this evening. What People Are Saying On Friday, via his X account, Texas Governor Greg Abbott wrote: "Tonight, I signed a disaster declaration to ensure local officials have the resources to continue to respond to floods in the Hill Country. Texas will stop at nothing to ensure every missing person is fully accounted for." Referring to the Texas floods, President Trump said: "It's terrible. The floods? It's shocking. "They don't know the answer yet as to how many people, but it looks like some young people have died." What Happens Next Rescue efforts for those impacted by Friday's flooding are likely to be impacted by fresh downpours on Saturday and into Sunday morning for some areas.
