Insights and Stories of Karl Plume

Jun. 24, 2013 at 6:12 pm CDT

U.S. new-crop corn prices fell for a third straight session on Monday as favourable growing weather across the midwestern United States reinforced the prospect of a record-large harvest this year. New-crop soybeans also slumped for a third day, but declines were more tempered than in corn as rain in parts […]

By Karl Plume

Jun. 5, 2013 at 4:25 pm CDT

Front-month U.S. corn and soybean futures rose on Wednesday on concerns that supplies will dwindle before the next harvest, while deferred contracts sank. Inventories of crops left over from last year’s drought-reduced harvest are scarce ahead of the autumn harvest. Rain-delayed planting this spring will likely mean a late harvest, […]

By Karl Plume, Tom Polansek

May. 24, 2013 at 4:11 pm CDT

Nearby U.S. soybean futures fell on Friday for the first time in seven sessions and spot corn futures eased after two days of gains as investors squared positions ahead of the three-day U.S. Memorial Day holiday weekend. Deferred contracts of both commodities posted modest gains in thin trading volume. Wheat […]

By Karl Plume

May. 23, 2013 at 5:54 pm CDT

U.S. soybean prices rose for a sixth consecutive session on Thursday and struck an eight-month high as the dwindling cash supply left from the drought-plagued 2012 harvest sparked commercial buying in futures. Chicago Board of Trade (CBOT) wheat futures leaped more than two per cent, advancing for the second day […]

By Karl Plume, Sam Nelson

May. 10, 2013 at 4:46 pm CDT

U.S. corn futures fell about two per cent on Friday after the government forecast a record crop that would bolster U.S. stocks to more than two billion bushels at the end of next season, above trade expectations, despite reduced yields due to late planting. Soybean futures slid modestly, halting a […]

By Karl Plume