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2012-08-11 08:13:59

redOrbit Staff & Wire Reports - Your Universe Online The U.S. Department of Agriculture (USDA) has once again reduced the estimated corn production from American farmers as the country's farming industry continues to struggle amid the worst drought conditions in fifty years, various media outlets reported on Friday. According to Ricardo Lopez of the Los Angeles Times, the lack of precipitation in the Midwest region of the nation has forced the USDA to lower its estimate for the corn...

2009-09-30 18:36:35

Grain futures closed mostly higher on the Chicago Board of Trade Wednesday while equities wobbled, and then closed lower on Wall Street. Corn was up 2 3/4 to up 3, soybeans were up 10 to up 11, wheat was up 7 1/4 to up 9 3/4 and oats were off 1. Corn futures rose as the U.S. Department of Agriculture said corn stocks Sept. 1 were 45 million bushels below expectations. Wheat closed higher despite stockpiles reported at about 80 million bushels above expectations. Soybean stocks were listed at...

2009-07-29 16:17:00

MAUMEE, Ohio, July 29 /PRNewswire-FirstCall/ -- The Andersons, Inc. (Nasdaq: ANDE) announced today it has increased its grain storage capacity in Michigan by nearly 4 million bushels. (Logo: http://www.newscom.com/cgi-bin/prnh/20081104/CLTU081LOGO) The Andersons recently signed agreements with Mason Elevator Company, Inc. and Woodbury Grain, LLC for grain storage at two south-central Michigan facilities in the communities of Mason and Woodbury. The Andersons will merchandise the grain...

2009-07-23 16:46:15

U.S. corn futures surged 6.2 percent Thursday on hopes Washington will cut its acreage estimate, diminishing supply and raising prices, traders said. Corn futures for December delivery rose 19.5 cents, or 6.1 percent, to $3.3875 a bushel on the Chicago Board of Trade, the biggest gain for a most-active contract since Jan. 16. The price touched $3.1475 Wednesday, its lowest since Dec. 8. The sharp rise came after the U.S. Department of Agriculture said that due to cold, wet weather that...

2009-07-22 15:42:20

U.S. corn futures fell to a 7 1/2-month low Wednesday on record harvest yield outlooks amid fears prices could break the psychologically important $3 threshold. Private analysts forecast yields starting to climb above 160 bushels an acre and 2009-10 ending stocks rising above 2 billion bushels. September corn ended down 3 1/2 cents to $3.08 a bushel on the Chicago Board of Trade and December corn ended down 2 3/4 cents at $3.19 1/4. Wheat futures dropped for a second day after U.S. regulators...

2009-07-21 16:09:46

U.S. corn futures slid to a 7-month low Tuesday on technical selling and a wet weather forecast, suggesting poor corn pollination, traders said. September corn closed down 11 3/4 cents to $3.11 1/2 per bushel on the Chicago Board of Trade and December corn ended down 11 3/4 cents to $3.22. Soybeans also fell as favorable weather in the U.S. Midwest raised prospects for large fall yields. August soybeans closed down 18 1/2 cents at $10.14 1/2 a bushel. New-crop November soybeans were down 18...

2009-06-24 14:04:45

Dramatic price fluctuations, increasing demand, the food vs. fuel debate, and other events of the past year may have food producers wondering which way is up.Despite these recent uncertainties, 'up' is precisely the direction an Iowa State researcher believes agriculture is headed for at least the next 10 years.Wally Huffman, professor in agricultural economics and Charles F. Curtiss Distinguished Professor in Agriculture and Life Sciences, predicts supply will go up, demand will go up, and...

2009-04-09 15:36:58

Grains closed mostly lower on the Chicago Board of Trade Thursday, as the dollar gained in strength during a surge in U.S. stock markets. Corn was off 6 3/4 to off 7, soybeans were up 1/2 to up 3, wheat was off 9 to off 10 1/4 and oats were off 1 to off 2. Corn closed lower although the U.S. Department of Agriculture's stock report came in 15-20 million bushels below expectations at 1.7 billion bushels. Wheat inventories fell from 696 million bushels from 712 million a month ago, the USDA...


Word of the Day
bellycheer
  • Good cheer; viands.
  • To revel; to feast.
The word 'bellycheer' may come from 'belle cheer', "good cheer".
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