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ibusinesslines.com October 21, 2018


Farmers make good corn harvest progress

15 November 2017, 02:34 | Melissa Porter

Farmers make good corn harvest progress

Farmers make good corn harvest progress

Weaker currencies of major grains exporters also make US agricultural commodities more competitive.

Winter wheat planting is now 97 percent finished.

Plentiful global wheat supplies and a large Russian harvest have been putting downward pressure on prices.


Flat to weaker in rangebound trade amid a lack of market-moving news. CBOT December corn settled up 2 cents at $3.43-1/2 per bushel, holding above the contract low set Thursday at $3.40-3/4. Market anchored by ample USA supplies and the USDA's estimate of a record-high US corn yield.

Chicago Board of Trade (CBOT) grains closed lower on Monday with soybean futures falling to their lowest in a month, pressured by improving crop weather in South America and chart-based selling. The CBOT January soybean contract dipped to $9.82-1/2 a bushel ahead of the daily pause in trade, its lowest since October 31 and just below its 50-day moving average. The most active soybean futures were little changed at $9.86-3/4 a bushel, after firming 0.2 percent on Friday.



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