Reuters logo
GRAINS-Corn hits one-year high despite crop withstanding recent rains
July 14, 2015 / 1:31 AM / 2 years ago

GRAINS-Corn hits one-year high despite crop withstanding recent rains

SYDNEY, July 14 (Reuters) - U.S. corn rose for a fifth
consecutive session on Tuesday to hit a fresh one-year high on
forecasts for bigger than expected demand, although the U.S.
Department of Agriculture's crop condition report put a cap on
    * Chicago Board Of Trade December corn rose 0.2
percent to $4.52-3/4 a bushel, just below the session high of
$4.53 a bushel, the highest since July 2014. Corn gained 1.5
percent in the previous session.
    * November soybeans rose 0.9 percent to $10.37-1/2 a
bushel, having firmed 0.8 percent on Monday.
    * September wheat rose 0.4 percent to $5.77-3/4 a
bushel, having closed little changed on Monday.
    * USDA, in a report issued after the close of trading, cut
soybean ratings by 1 percentage point but left corn conditions
    * Analysts had expected both corn and soybeans to be trimmed
by 1 percent.
    * USDA, in a monthly report issued on Friday surprised
investors, showing corn and soybean supplies at small levels
than anticipated, sending prices higher for each crop.
    * The dollar strengthened against the yen and euro on
Tuesday after Greece finally agreed to a debt deal with its
creditors and allowed the market focus to shift back towards
U.S. and European yield differentials.  
    * Oil prices dipped early on Tuesday as the market awaited
an announcement on a nuclear deal between Iran and six global
powers that could see an easing of sanctions against Tehran and
a gradual increase of its oil exports.  
    * U.S. stocks finished sharply higher on Monday, with the
Dow Jones industrial average re-emerging in positive territory
for the year, after euro zone leaders reached a tentative deal
to bail out Greece.  
0900  Germany          ZEW economic sentiment          July
0900  Euro zone        Industrial production           May 
1000  U.S.             NFIB business optimism          June 
1230  U.S.             Import prices                   June 
1230  U.S.             Export prices                   June 
1230  U.S.             Retail sales                    June
1400  U.S.             Business inventories            May
  Grains prices at  0115 GMT
  Contract        Last    Change  Pct chg  Two-day chg MA 30   RSI 
  CBOT wheat     577.75     2.00  +0.35%    +0.30%     542.52   63
  CBOT corn      452.75     1.00  +0.22%    +1.74%     400.73   86
  CBOT soy      1037.50     9.00  +0.88%    +1.49%     966.96   69
  CBOT rice      $10.90   -$0.04  -0.32%    -1.67%     $10.37   67
  WTI crude      $51.64   -$0.56  -1.07%    -2.09%     $57.86   23
  Euro/dlr       $1.099  -$0.001  -0.10%    -1.53%
  USD/AUD         0.740   -0.001  -0.09%    -0.51%
  Most active contracts
  Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
  RSI 14, exponential
 (Reporting by Colin Packham; Editing by Richard Pullin)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below