Insights and Stories of Tom Polansek

Nov. 13, 2012 at 2:29 am CST

Grain futures tumbled in a wave of technical selling on Monday, with soybeans sinking to a four-and-a-half-month low that nearly erased gains from this summer’s devastating drought. Prices were already under pressure after the U.S. Department of Agriculture on Friday raised its estimate of U.S. soybean production more than expected […]

By Tom Polansek

Oct. 10, 2012 at 9:06 pm CDT

Grain futures will extend their setback from record highs this summer as concerns ease about the worst U.S. drought in more than half a century, according to speakers at an annual commodities conference. Corn futures at the Chicago Board of Trade (CBOT) have already pulled back 13 per cent from […]

By Tom Polansek

Sep. 14, 2012 at 4:55 am CDT

U.S. soybean futures edged higher on Thursday, shaking off early losses tied to profit-taking, after the U.S. Federal Reserve announced an aggressive new economic stimulus program. Soybeans added to Wednesday’s gains, when the market notched its biggest one-day rally in almost two weeks after the U.S. Department of Agriculture issued […]

By Tom Polansek

Sep. 12, 2012 at 5:43 pm CDT

U.S. corn futures tumbled one per cent to close at a two-month low on Wednesday as the U.S. government’s monthly assessment of crop damage from the worst drought in half a century fell short of trade expectations, as did its estimate of buffer stocks. Soybean futures soared 2.6 per cent […]

By kt-arasu, Tom Polansek

Sep. 11, 2012 at 6:01 pm CDT

U.S. soybean futures set a three-week low on Tuesday as a swift harvest and profit-taking before key reports sparked selling that accelerated a five-day retreat from record highs. Benchmark soybeans for November delivery dropped below $17 a bushel for the first time since Aug. 21, while nearby soybeans for September […]

By Tom Polansek