CHICAGO - A few dozen Chicago traders donned their multicolored jackets to trade soybean and Eurodollar futures the old-fashioned way one last time on Monday, marking the end of 167 years of open-outcry trading in the city where it was born.
CHICAGO - Chicago Board of Trade soft red winter wheat futures plunged 4.4 percent on Wednesday, with the front-month contract crashing from a six-month high as investors locked in profits from Tuesday's corn-led rally, traders said.
CHICAGO - Chicago Board of Trade soft red winter wheat futures rose 1.2 percent on Wednesday, pulled higher by concerns that rainy weather may delay harvesting of the crop in the U.S. Midwest, traders said.
CHICAGO - U.S. corn futures fell on Friday and were on track for a second straight weekly decline after the U.S. government lowered its targets for ethanol blending and as corn export demand slumped for the crop harvested this autumn.
WASHINGTON - U.S. soybean supplies were expected to balloon 43 percent in the 2015/16 marketing year, despite a drop in production, as U.S. soybeans face increased competition on the export market, the U.S. government said on Tuesday.
BRASILIA - Brazil had a trade surplus of $491 million in April, government data showed on Monday, above market estimates for a surplus of $150 million.
The country posted a trade surplus of $460 million in March.
BUENOS AIRES - Argentina soyoil shipments were slowed on Tuesday by the start of a wage strike by a union representing 20 percent of the country's crushing workers, while the powerful CGT dock-workers union debated whether to join work stoppage.
BEIJING - Farmers in China, the world's top buyer of soybeans, could slash the amount of land they use to grow the oilseed by as much as 15 percent in 2015/16 due to uncertainty over how a new subsidy scheme will work, industry analysts said.
Niu Shuping and Dominique Patton
April 23, 2015
BUENOS AIRES - Argentine farm groups on Wednesday asked soy export companies to stop inspecting cargoes for bootlegged biotechnology at the behest of U.S. seed company Monsanto, the latest move in a long conflict between the country's farmers and Monsanto.
View your ad here! Cost effective targeted advertising. Contextual advertising starting as low as $79/month. This includes targeted ad delivery and search results! Add your business to the Marketplace »