Corn prices were under pressure all month on indications that US farmers will plant, and yield a record crop this season. U.S. corn inventories before the 2014 harvest will triple to the highest since 1988 as output jumps to a record as farmers increase their corn plantings to capitalize on higher prices. Stockpiles before next [...]
Corn Prices Headed for Collapse
February 22, 2013 By
The USDA recently forecast that 2013 will be bumper crop for corn, and farmers are bracing for prices to collapse below $4.00 a bushel after touching an all-time high of $8.49 last season. This year’s corn crop yield is pegged at 14.53 billion bushels according to the USDA as farmers have prepared to plant 96.5 [...]
Soft Commodities Prices October
November 4, 2012 By
Here is how some of the soft commodities and grains performed this month. Soybeans- Slipped below $15 a bushel in CBOT trading this month over concerns that the demand for U.S. soybeans is decreasing. This was the first time soybeans had slipped below $15 a bushel since July. Hedge Fund managers decreased their bets on [...]
Commodity Price Movers: Sept 17th 2012
September 17, 2012 By
The following is a list of the biggest percentage price movers in the commodities. Today, all the biggest movements were into negative territory. Crude-oil futures ended 2.4% lower on Monday, to settle at $96.62 a barrel, turning sharply lower towards the end of the session amid rumors of an oil-reserve release. Prior to the rumor [...]
Soft Commodities: July Corn Prices
August 1, 2012 By
Corn prices continued their drought-induced rally in July, corn for September delivery climbed from just over $7.00 at the start of the month to close at $8.20 a bushel. Corn prices raced to a record high of $8.205 a bushel on Monday the 30th. Gains for the months of June and July totaled 45 percent [...]
July Gas Prices Spike- Pace of Increase Highest in 12 Years
July 31, 2012 By
(July 31 2012) U.S. gasoline prices rose 5.1% in July, their largest month-on-month increase in more than twelve years with rising corn prices largely to blame. July gasoline prices rose $0.17/gallon, according to the AAA Monthly Gas Price Report. The U.S. average gasoline price hit a summertime low of $3.326 per gallon on July 2 and [...]
Corn and Soybeans Touch Record Highs
July 20, 2012 By
(July 20 2012) U.S. soybeans surged two percent on Friday to hit record levels for the third day in a row as hot, dry conditions continued to threaten the drought-stressed crop in America’s Midwest. Corn prices equaled their record set on Thursday; corn prices are now up 50 percent in the past two weeks alone. [...]
Soft Commodities Update: Corn Resumes Rally, Soybean Meal Hits All-Time High
July 18, 2012 By
(July 18 2012) U.S. corn turned higher today, resuming its biggest rally since 2008 as dry conditions once again threatened the crop. Soybeans also moved higher, with soybean meal futures surging to an all-time high. Soybean futures are now up nearly 30 percent from summer lows, with the benchmark November holding near its contract high [...]
Barclay’s Raises Forecasts on Soft Commodities
July 12, 2012 By
Following the release of the latest USDA forecasts, analysts at Barclays have raised their forecasts on several soft commodities. In a report, Barclays said corn prices will average $6.80 a bushel, up from a previous forecast of $5.74, with prices reaching $7.34 in the third quarter, Soybean prices will average $14.80 a bushel, up from a [...]
Monthly Recap: Corn Prices June
July 1, 2012 By
(July 1 2012) Most of the action in corn futures occurred in the last week of the month as dry weather in the U.S. mid-west caused corn prices to post very aggressive gains. In the end, corn prices finished June at $6.51 a bushel; corn prices started the month at $5.60. In the last week [...]