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7/7/2021 U.S. soy crop ratings decline in USDA report Forecast rain has eased U.S. corn yield fears (Adds closing prices, U.S. weather forecast) By Tom Polansek CHICAGO, July 7 (Reuters) - Chicago Board of Trade soybean futures rose on Wednesday, recouping a portion of heavy losses from a day earlier, as a lower-than-expected U.S. crop rating tempered hopes that rain will improve field conditions. Rains from Friday into next week will offer timely moisture for corn that will be in the key pollination stage of development across much of the U.S. Midwest, according to weather firm Commodity Weather Group. ....
Corn Higher on Expectations of Hot July Corn for December delivery rose 5.4% to $5.47 1/4 a bushel on the Chicago Board of Trade Monday in reaction to forecasts for a hot and dry July - a key time for growing crops. Grain futures trading on the CBOT got support from the weather forecast once again, with traders now looking for an extended period of heat and dryness in growing areas that could potentially hurt crops. Talk of warmer and drier July for the U.S. Midwest is setting in, providing support for ag markets, said Terry Reilly of Futures International. In the short-term, rainfall is expected in the Midwest in the first half of the week, drying up in the later half, according to DTN. ....
More than 1,000 barges back up on lower Mississippi River Reuters 5/14/2021 CHICAGO, May 14 (Reuters) - More than 1,000 barges were backed up on the lower Mississippi River on Friday, according to the U.S. Coast Guard, while traders anxiously awaited an update on the shutdown of a portion of the waterway that is critical to U.S. crop exports. The Coast Guard on Tuesday stopped all traffic on the river near Memphis, Tennessee, after a fracture was discovered in the Hernando DeSoto Bridge, which carries vehicular traffic on Interstate 40 over the river. The closure is disrupting shipments of goods including oil and corn toward export terminals at the Gulf of Mexico. ....
5/3/2021 USDA says 46% of U.S. corn crop is planted Soybean, wheat markets slump (Adds closing prices, USDA crop-progress data) By Tom Polansek CHICAGO, May 3 (Reuters) - Chicago Board of Trade corn futures hit their highest price since March 2013 on Monday on strong demand for limited U.S. supplies and concerns over dry weather hurting output in Brazil. Traders continue to focus on tightening global inventories as U.S. farmers plant corn and soy for the autumn harvest, rather than selling crops held in storage bins. In Brazil, the 2020/2021 second corn crop is estimated at 72.7 million tonnes, compared with 77.65 million previously, ....