Insights and Stories of Karl Plume

Aug. 15, 2013 at 3:17 pm CDT

U.S. corn futures rallied nearly four per cent on Thursday and soybeans rose two per cent to a three-week high as forecasts for hot, dry weather in parts of the Midwest fueled concerns about lower crop yields. Strong export sales of both commodities and a government report that showed farmers […]

By Karl Plume

Aug. 14, 2013 at 2:58 pm CDT

U.S. soybean rose for a third consecutive day on Wednesday, and corn rebounded from steep losses the previous session as weather forecasts for the Midwest turned drier, threatening yields for the developing crops. Autumn-harvest soybean prices tested Tuesday’s 2-1/2-week high while corn rebounded from the sharpest drop in six weeks […]

By Karl Plume

Aug. 13, 2013 at 2:44 pm CDT

U.S. corn futures slid more than three per cent on Tuesday, surrendering all of the prior day’s gains as investors shifted their focus from Monday’s low U.S. government corn yield estimate to its forecast for a record-large harvest and plentiful stockpile next season. New-crop December corn fell to a near-three-year […]

By Karl Plume

Aug. 12, 2013 at 2:56 pm CDT

U.S. soybean futures rallied more than three per cent on Monday after the U.S. government made deeper-than-expected cuts to its forecasts for production and end-of-season stocks and as a dry spell in the Midwest suggested yields could drop even further. Corn futures added more than two per cent after the […]

By Karl Plume

Jul. 18, 2013 at 5:00 pm CDT

U.S. corn and soybean prices retreated for the second straight day on Thursday as forecasts for milder temperatures and slightly more rain across much of the Midwest lessened worries about crop damage. Slight adjustments to weather forecasts have steered the grains markets recently. Corn has been jarred most because the […]

By Karl Plume