Insights and Stories of Karl Plume

Jan. 24, 2014 at 6:50 pm CST

Chicago | Reuters — U.S. wheat futures slid nearly one per cent on Friday in a profit-taking setback following the steepest rally in three months the previous session on worries that a cold snap in the Midwest and Plains could damage the dormant winter crop. Soybeans rebounded from early session […]

By Karl Plume

Jan. 22, 2014 at 8:15 pm CST

Chicago | Reuters –– U.S. soybeans closed mostly higher on Wednesday as good near-term demand and firm cash soymeal prices enticed bargain hunters after earlier pressure stemming from technical selling and improving South American crop prospects. Corn rose modestly for a second consecutive day as frigid weather around the U.S. […]

By Karl Plume

Jan. 21, 2014 at 4:14 pm CST

Chicago | Reuters — U.S. soybean futures slumped nearly three per cent on Tuesday in the steepest slide since mid-November as forecasts for rain in Argentina eased concerns about hot, dry weather cutting soy crop yields from the major exporter. Wheat hovered near a recent 3-1/2 year low, anchored by […]

By Karl Plume

Jan. 7, 2014 at 6:15 pm CST

A U.S. Grains Council delegation traveled to China this week aiming to resolve a dispute over a genetically modified corn variety that has triggered Chinese rejection of numerous shipments. The GMO corn strain, Syngenta’s MIR 162 corn, is approved for cultivation in the U.S. and approved for import by all […]

By Karl Plume

Nov. 26, 2013 at 6:45 pm CST

The Mississippi River remained closed to navigation along an eight-mile stretch near Le Claire, Iowa, on Tuesday after a boat containing up to 100,000 gallons of diesel fuel and lube oil struck a submerged object and sank late on Monday, the U.S. Coast Guard said. One northbound towboat with no […]

By Karl Plume