Insights and Stories of Tom Polansek

Jul. 23, 2013 at 3:43 pm CDT

U.S. soybean futures tumbled on Tuesday as cash basis bids weakened in key locations in the U.S. Midwest and farmers sold some of their scarce old-crop supplies. Corn futures also came under pressure, with the new-crop contract falling to its lowest level in more than 2-1/2 years as forecasts for […]

By Tom Polansek

Jul. 22, 2013 at 4:06 pm CDT

U.S. soybean meal futures rose by the daily trading limit to a new contract high on Monday as processors scrambled to obtain scarce supplies of the oilseed. But new-crop U.S. corn futures fell for the fifth time in seven sessions as much of the Midwest benefited from weekend showers and […]

By Tom Polansek

Jul. 12, 2013 at 4:57 pm CDT

New-crop U.S. soybean and corn futures sank on Friday as updated weather forecasts scaled back the threat of hot and dry weather in the Corn Belt and traders took profits following recent gains. Nearby July contracts expired after gyrating in extremely volatile trading. At the Chicago Board of Trade, November […]

By Julie Ingwersen, Tom Polansek

Jun. 29, 2013 at 2:49 am CDT

Forget the culture clash, the Chiefs-versus-Bears football debates and fierce arguments over who has the better beef. When U.S. hard red winter wheat futures and options contracts begin trading in Chicago on Monday after a century-and-a-half legacy in Kansas City, the change may pass all but unnoticed, save for tweaks […]

By Tom Polansek

Jun. 7, 2013 at 4:57 pm CDT

U.S. corn and soybean futures soared on Friday on worries that wetter-than-expected weather next week will extend planting delays and reduce output for the autumn harvest. Planting remains slow across the U.S. Midwest due to soggy conditions, with further disruptions expected from another round of rain that agricultural meteorologists forecast […]

By Tom Polansek