CHICAGO - U.S. corn futures rose on Monday, on pace for their fifth straight session of gains and holding near the highest levels in a year, on better-than-expected demand and as heavy rains limited yield potential of the new crop.
WASHINGTON - The U.S. Agriculture Department on Friday cut its outlook for the supply of corn and soybeans that will be left over at the end of the 2014/15 marketing year by more than expected, sending futures prices sharply higher.WASHINGTON - The U.S. Agriculture Department on Friday cut its outlook for the supply of corn and soybeans that will be left over at the end of the 2014/15 marketing year by more than expected, sending futures prices sharply higher.
PARIS/SINGAPORE - Chicago corn futures edged higher on Friday, keeping new-crop prices near a one-year high, as the market anticipated a U.S. government crop report later in the day would cut the harvest outlook.
PepsiCo Inc reported better-than-expected quarterly profit and sales and raised its full-year adjusted earnings forecast as higher prices helped drive revenue growth in its beverages business for just the second time in nearly four years.
Cargill Inc next week is likely to load 50,000 metric tons of Brazilian corn bound for the United States, shipping data showed on Wednesday, in what is expected to be the first of several bulk vessels of South American grain that will be imported here this year.
CHICAGO - U.S. corn and soybean futures dropped on Monday as lighter-than-expected U.S. rainfall eased fears about soggy Midwest crops while worries over Greece and China led investors to shun many commodity markets.
As expected, farmers this spring planted more durum, barley, flax and sunflowers — crops in which the Upper Midwest, particularly North Dakota, leads the nation, the National Agricultural Statistics Service, an arm of USDA, says in its June 30 planted acreage report.
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