Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Futures  >  Chicago Board Of Trade - Floor  >  WHEAT FUTURES (W) - CBR (FLOOR)/C1       

WHEAT FUTURES (W) - CBR (FLOOR)/C1

End-of-day quote. End-of-day quote Chicago Board Of Trade - Floor - 09/18
489.5 USc   +1.08%
09/18GRAIN HIGHLIGHTS : Top Stories of the Day
DJ
09/18Wheat Futures Rise as Traders Square Up Positions
DJ
09/18North American Rail Traffic Fell 3.3% in Week Ended Sept. 14
DJ
SummaryQuotesChartsNews 
News SummaryAll news

Corn, Soybean Prices Rise as Yields Are Seen Falling

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/21/2019 | 04:36pm EDT

By Kirk Maltais

-- Corn for December delivery rose 0.4% to $3.70 1/2 a bushel on the Chicago Board of Trade on Wednesday.

-- Soybeans for November delivery rose 0.5% to $8.73 a bushel.

-- Wheat for December delivery rose 0.3% to $4.68 a bushel.

HIGHLIGHTS

Ethanol Output Falls: Ethanol production dropped this week by 22,000 barrels to 1 million barrels per day, the Energy Information Administration said. Meanwhile, ethanol inventories also fell by 516,000 barrels to 23.4 million barrels.

Traders are more concerned about the decrease in production this week, said Terry Reilly of Futures International, calling the data bearish for U.S. corn futures.

From the Pro Farmer Midwest Crop Tour:

USDA Staff Threatened: Officials from the Agriculture Department left the Pro Farmer Crop tour after receiving a threat against one of its 15 staff members participating in the annual trip. Hubert Hamer, an administrator with the USDA's statistical department, said Wednesday that someone threatened an agency employee on the Pro Farmer Crop Tour. One of those employees, Lance Honig, the chief for the USDA's National Agriculture Statistics Service, had been scheduled to speak at a Pro Farmer event in Iowa City, Iowa, on Wednesday night.

Young Beans: Crop scouts on the ground at the Pro Farmer Midwest Crop Tour said that it is tough to make any predictions about what the 2019-20 soybean crop will look like since the bean crop is at least one month behind.

"For soybeans, it's really hard to say what will happen," said Luis Viera, a trader with Kapitalo Investimentos and a crop scout on the tour.

Indiana soybean-pod figures are down nearly 30% compared with this time last year, according to Pro Farmer. Noting that Indiana is now the second state to show a steep decline in soybean pods this week, Pro Farmer editor Brian Grete said soybean acres are roughly 30-45 days behind normal. Without very supportive weather, soybean harvests will almost certainly be negatively affected, he said.

The tour rolled from Illinois into Iowa on Wednesday.

Hoosiers Edge Buckeyes: Corn yields averaged 161.46 bushels per acre among 188 samples in Indiana, according to Pro Farmer. That's marginally better than the roughly 154 bushels per acre reported in Ohio on Monday. Nebraska yields averaged 172.55 bushels per acre, Pro Farmer said.

Hopeful on Trade: Many farmers said they think President Trump's negotiations with officials of the world's second-biggest economy will yield a better deal for producers of corn, soybeans and pork despite the short-term pain as China cuts back on purchases of those and other farm goods from the U.S.

"I think what he's trying to do with trade is justified," said Brian Grete, an editor with Pro Farmer, the trade publication that organizes the crop tour.

AHEAD

-- Pro Farmer's Midwest Crop Tour runs through Thursday.

-- The USDA is scheduled to release its latest weekly export sales numbers at 8:30 a.m. EDT Thursday.

Write to Kirk Maltais at kirk.maltais@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
CBOT ETHANOL FUTURE (EH) - CBR (FLOOR)/C1 0.58% 1.386 End-of-day quote.7.28%
CORN FUTURES (C) - CBR (FLOOR)/C1 0.88% 371.25 End-of-day quote.-1.67%
HOOSIERS HOLDINGS -1.56% 631 End-of-day quote.1.77%
SOYBEAN MEAL FUTURES (ZM) - CBE (ELECTRONIC)/C1 -1.61% 293 End-of-day quote.-4.31%
SOYBEAN OIL FUTURES (ZL) - CBE (ELECTRONIC)/C1 -0.24% 29.1 End-of-day quote.5.63%
WHEAT FUTURES (W) - CBR (FLOOR)/C1 1.08% 489.5 End-of-day quote.-3.92%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WHEAT FUTURES (W) - CBR (F
09/18GRAIN HIGHLIGHTS : Top Stories of the Day
DJ
09/18Wheat Futures Rise as Traders Square Up Positions
DJ
09/18North American Rail Traffic Fell 3.3% in Week Ended Sept. 14
DJ
09/18Sales at General Mills Hurt by Weaker Demand for Snacks, Meals Businesses
DJ
09/17GRAIN HIGHLIGHTS : Top Stories of the Day
DJ
09/17Corn Leads Slide as Crop Conditions Remain Stable
DJ
09/17China says no more armyworm threat to major corn area this year
RE
09/16GRAIN HIGHLIGHTS : Top Stories of the Day
DJ
09/16LIVESTOCK HIGHLIGHTS : Top Stories of the Day
DJ
09/16USDA CROP PROGRESS : Spring Wheat Progress-Sep 16
DJ
More news
Chart WHEAT FUTURES (W) - CBR (FLOOR)/C1
Duration : Period :
WHEAT FUTURES (W) - CBR (FLOOR)/C1 Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WHEAT FUTURES (W) - CBR (F
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral