Drought conditions in the U.S. have improved somewhat from last year, but much of the Midwest, from the Dakotas to Texas, continues to suffer from moderate to exceptional drought. Conditions ... Read Full Story »
A previous forecast price for corn of $9 a bushel was lowered by $0.75 following last week’s U.S. Department of Agriculture’s (USDA) most recept World Agricultural Supply and Demand Estimates ... Read Full Story »
The past seven days have seen drought conditions intensify in the states of Nebraska, Kansas, Missouri, Oklahoma, and Arkansas, according to today’s report from the US Drought Monitor: Pretty much ... Read Full Story »
The US Department of Agriculture released its weekly drought monitor today, noting that rainfall in some parts of the US last week did almost nothing to alleviate the hardest-hit areas: ... Read Full Story »
Analysts at Goldman Sachs Group Inc. (NYSE: GS) have reversed a forecast from just two weeks ago suggesting that corn, wheat and soybean prices would be higher due to reduced ... Read Full Story »
For the past couple of weeks the price of corn has risen above the price of wheat, a market condition that has occurred just twice before in the last 27 ... Read Full Story »
This morning's announcement by the International Energy Agency that it would release 60 million barrels of crude from member nations' stocks has dealt a crushing blow to commodity prices. Only ... Read Full Story »
The CME Group Inc. (NYSE: CME) has announced changes to its margin requirements for a number of commodities. The changes, some increases and some decreases, cover a variety of ... Read Full Story »
Corn prices have fallen by its limit of $0.30/bushel today, at about $7.52/bushel, and other ag commodities are also trading down. Wheat is off more than $0.25/bushel, to around $7.17. ... Read Full Story »
Today's commodities watch looks at a government-ordered suspension of mining concessions in Peru and the continuing worries over grain prices as US corn planting remains behind schedule and Russia gets ... Read Full Story »
Today's commodities news leads off with a quick look at how fertilizer stocks are doing. There's also some bad news out of Europe on malting barley, which could be equally ... Read Full Story »
Today's commodities news leads off with a new report on mergers and acquisitions in the metals sector, including a failed try at selling a copper miner. There's also a new ... Read Full Story »
Today's commodities markets are being driven by a new report from Goldman Sachs Group Inc. (NYSE: GS) essentially reversing its 'sell' report of scarcely six weeks ago. Copper prices remain ... Read Full Story »
Today's commodities news starts off with a drawdown on copper from bonded warehouses in Shanghai. There are also new doubts about the US corn crop, and we finish up with ... Read Full Story »
Today's commodities news is not quite a repeat of yesterday's because oil is staying essentially flat and yesterday's commodities sell-off is not being repeated. Wheat prices, however are continuing to ... Read Full Story »