CH14.CBT -

CBOT - CBOT Delayed Price. Currency in USX
480.75
-3.50 (-0.72%)
As of 11:34AM EDT. Market open.
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Pre. SettlementN/A
Settlement Date2014-03-14
OpenN/A
BidN/A
Last Price484.25
Day's Range480.50 - 484.75
Volume316
AskN/A
  • Reuters3 days ago

    Farm state senators demand EPA name recipients of biofuel waivers

    A bipartisan group of senators from U.S. farm states pressed the Environmental Protection Agency on Tuesday to stop issuing hardship waivers from the nation's biofuels laws to refiners and to name the companies that already have them. The request is the latest sign of rising tensions over the U.S. Renewable Fuel Standard, or RFS, a controversial law requiring refiners to mix billions of gallons of biofuels into the nation's gasoline and diesel supplies that has split the powerful corn and oil lobbies. The EPA has provided more than two dozen hardship waivers to refineries in recent months - exempting them from the program - in an attempt to help the industry cope with compliance costs, according to an agency source.

  • Grain Prices Break Down Lead Lower by Wheat and Soybeans
    FX Empire3 days ago

    Grain Prices Break Down Lead Lower by Wheat and Soybeans

    Grain prices were lower across the board on Tuesday in early North American trade wet where has soaked portions of the crop, relieving otherwise parched fields. A drought in the Plains has stressed the wheat crop for several months, resulting in poor crop conditions.Corn Prices

  • Soybeans Surge While Wheat Prices Slump
    FX Empire7 days ago

    Soybeans Surge While Wheat Prices Slump

    Grain prices are mixed in early Friday trade. While soy bean prices are poised to break out, wheat prices are trading on the defensive. The colder weather that buoyed wheat last weekend, has now subsided allowing prices to return back to earth.Corn Prices

  • In boost for farmers, Trump says he may allow E15 gasoline sales all year
    Reuters8 days ago

    In boost for farmers, Trump says he may allow E15 gasoline sales all year

    U.S. President Donald Trump said on Thursday his administration may allow the sale of gasoline containing 15 percent ethanol year-round, which could help farmers by firing up corn demand but faces opposition from Big Oil. The proposal marks the latest move by the Trump administration to navigate the rival oil and corn constituencies as they clash over the nation's biofuels policy. Oil refiners say the Renewable Fuel Standard requiring them to add biofuels into gasoline is costly and displaces petroleum, while the farm sector says the law provides critical support to growers.

  • In boost for farmers, Trump says he may allow E15 gasoline sales all year
    Reuters8 days ago

    In boost for farmers, Trump says he may allow E15 gasoline sales all year

    U.S. President Donald Trump said on Thursday his administration may allow the sale of gasoline containing 15 percent ethanol year-round, which could help farmers by firing up corn demand but faces opposition from Big Oil. The proposal marks the latest move by the Trump administration to navigate the rival oil and corn constituencies as they clash over the nation's biofuels policy. Oil refiners say the Renewable Fuel Standard requiring them to add biofuels into gasoline is costly and displaces petroleum, while the farm sector says the law provides critical support to growers.

  • Reuters8 days ago

    In boost for farmers, Trump says he may allow E15 gasoline sales all year

    U.S. President Donald Trump said on Thursday his administration may allow the sale of gasoline containing 15 percent ethanol year-round, which could help farmers by firing up corn demand but faces opposition from Big Oil. The proposal marks the latest move by the Trump administration to navigate the rival oil and corn constituencies as they clash over the nation's biofuels policy. Oil refiners say the Renewable Fuel Standard requiring them to add biofuels into gasoline is costly and displaces petroleum, while the farm sector says the law provides critical support to growers.

  • Wheat Drops as Weather Forecast Reduces Risk of Cold Weather
    FX Empire8 days ago

    Wheat Drops as Weather Forecast Reduces Risk of Cold Weather

    Grain prices closed near their lows on Wednesday and are experiencing mixed results on Thursday. Wheat appears to be giving back the most as the cold weather that helped buoy prices is now past. Prices are down more than 1.9% in early North American trade.Corn Prices

  • Grains Consolidate but Poised to Test Higher Levels
    FX Empire9 days ago

    Grains Consolidate but Poised to Test Higher Levels

    Grain prices consolidated on Tuesday in early North American trade as Soybeans and Corn moved higher and Wheat moved lower. Wheat and corn saw minor balance sheet changes in the April WASDE. Wheat ending stocks are raised 30 million bushels to 1.064 billion, all on lower feed and residual use.  The corn balance sheet saw Food/Seed/Industrial use lowered 5 million bushels, as a 10-million-bushel reduction in corn used for glucose and dextrose is partially offset by a 5-million-bushel increase in corn used for starch. Projected feed and residual use is lowered 50-million-bushels to 5. ...

  • Grains Consolidate, Following Monday’s Price Surge as China’s XI is Conciliatory
    FX Empire10 days ago

    Grains Consolidate, Following Monday’s Price Surge as China’s XI is Conciliatory

    Grain prices consolidate Monday’s gains as conciliatory words on trade from China’s President Xi Jinping, who pledged greater openness in sectors from banking to auto manufacturers while warning against a return to a “Cold War mentality” helped to calm nerves and underpinned riskier assets while weighing on safe-haven assets.Corn Prices

  • Grains Surge Higher Led by Soybeans and Wheat
    FX Empire11 days ago

    Grains Surge Higher Led by Soybeans and Wheat

    Grain prices rebounded on Monday following a bumpy ride last week as the fundamentals were tossed aside as trader’s focused on trade issues. With China threatening to add a 25% tariff on soybeans, prices were extremely volatile.Corn Prices

  • Grains Sag on Fresh Trade Rhetoric
    FX Empire14 days ago

    Grains Sag on Fresh Trade Rhetoric

    Grain prices are slightly lower after rebounding on Thursday. Trump continues to generate volatility upping the anti on Thursday with talks of an additional 100-billion in Chinese tariffs. Weekly corn exports were on the rise, and continue to outperform if soybeans do not have a home in China due to a 25% increase in tariffs.Corn Prices

  • Reuters14 days ago

    Exclusive - Biofuels battle: Senator moves to expand small refiner exemption

    Lawmakers spearheading efforts to reform U.S. biofuels regulations are considering a blanket waiver for all small refineries, according to four sources familiar with their draft legislation. The move would save some refiners a fortune but would outrage the powerful corn lobby. The draft bill, led by Republican Senator John Cornyn of Texas, adds fuel to a fiery dispute between refiners and corn growers over the future of the Renewable Fuel Standard (RFS) – a law that requires the refining sector to blend increasing amounts of biofuels such as corn-based ethanol into the nation’s fuel supply each year.

  • Reuters15 days ago

    South Korea's NOFI tenders for 69,000 T corn

    South Korea's largest feedmaker Nonghyup Feed Inc. has issued an international tender to purchase up to 69,000 tonnes of corn, European traders said on Thursday. Tender deadline is also Thursday, April ...

  • Oilprice.com16 days ago

    Farmers Hit Hard As Trump Backs Big Oil

    The war between oil refiners and Big Corn saw a significant development this week as the EPA granted an exemption to a large and profitable refiner

  • Grains Surge Following Surprise Planting Report
    FX Empire21 days ago

    Grains Surge Following Surprise Planting Report

    USDA surprised the market on Thursday when it released its Prospective Plantings report and projected soybean and corn planting intentions below market expectations. Analysts had expected soybean planting intentions of a record 91.1 million acres and corn intentions at 89.4 million, but USDA reported soybean planting intentions of 88.982 million acres and corn intentions of 88.026 million. Despite the lower-than-expected intentions, soybean acreage is still expected to exceed corn acreage for the first time since 1983 and the second largest planted area in history.

  • Daily Grains Analysis for March 28, 2018
    FX Empire23 days ago

    Daily Grains Analysis for March 28, 2018

    Grain prices edged lower early on Wednesday ahead of Thursday Grain stock report. Analyst expectations for March 1 corn stocks range from 8.55 billion to 8.88 billion bushels with an average of a record 8.703 billion bushels that, if realized, would be an 81-million-bushel increase from last year. Analyst expectations for March 1 wheat stocks range from 1.45 billion to 1.64 billion bushels with an average of 1.498 billion bushels, that, if realized would be a decrease of 376 million bushels from last year’s 1.87 billion bushels.

  • Daily Grains Analysis for March 21, 2018 – Corn and Soy Bounce but Trend Points to Lower Prices
    FX Empirelast month

    Daily Grains Analysis for March 21, 2018 – Corn and Soy Bounce but Trend Points to Lower Prices

    Grain prices are mixed in Wednesday, after a mixed session on Tuesday that saw corn prices moved lower, but soybean rebound. With China eyeing a tariff on soybeans which could weigh on prices, grains have been punished, moving below support levels. Managed money is offsides in all three major grain categories, leaving the market vulnerable for a further slide in prices.Corn Prices

  • Daily Grains Analysis for March 20, 2018 – Corn and Wheat Tumble Through Support
    FX Empirelast month

    Daily Grains Analysis for March 20, 2018 – Corn and Wheat Tumble Through Support

    Grain prices rebounded on Tuesday after breaking down on Monday.  Corn prices were hammered as hedge fund liquidated positions following a week where they significantly added to long position and reduce short position in futures and options. Managed money is offsides in all three major grain categories, leaving the market vulnerable for a further slide in prices.Corn Prices

  • ADM restructures business groups as grain margins falter
    Reuterslast month

    ADM restructures business groups as grain margins falter

    Archer Daniels Midland Co said on Monday that it would restructure its business units, as the U.S. agricultural merchant seeks ways to remain competitive in the face of persistent tight margins in the global grains sector. ADM and rival grain merchants such as Bunge Ltd and Cargill Inc have struggled as a global oversupply of food commodities has made it tough to turn a profit on their core business: buying, processing, and selling corn, soy and wheat. The companies have been trying to diversify into higher-margin sectors, such as food ingredients and aquaculture feed, to compensate for the poor returns on their traditional grain handling businesses.

  • Reuterslast month

    EU eyes 'symbolic' duties on U.S. corn, competition for other supplies to rise

    The European Union's proposal to impose duties on modest U.S. corn imports would not cause major pain for European importers or American exporters, experts said on Monday, as Brussels draws up its response to Washington's plans for tariffs on metals. The European Commission called on Friday for industry views on a list of U.S. products it could subject to 25 percent import tariffs, including corn, as part of its measures to respond to planned U.S. import duties on European steel and aluminium.

  • Reuterslast month

    CME gets foothold in Black Sea with new-look grain futures

    Active trading in CME Group's new cash-settled futures for Black Sea grain suggests the exchange may have found a way to tap into booming Black Sea export trade after an unsuccessful earlier foray in the region. The derivatives, based on S&P Global Platts' price benchmarks for Russian wheat and Ukrainian corn, have generated more than over 15,000 lots representing 750,000 tonnes of grain since their December launch, in stark contrast to CME's illiquid Black Sea wheat contract with physical delivery dating back to 2012.

  • Reuterslast month

    Corn-state senators seek Trump meeting as U.S. biofuel changes loom

    A group of senators from U.S. corn states have asked President Donald Trump for a meeting about the nation's biofuels law, amid expectations the administration will soon act to lower the regulation's costs to the oil refining industry. The Environmental Protection Agency bans the use of gasoline containing 15 percent ethanol during the summer months, a measure intended to reduce ozone emissions and smog during the peak driving season.

  • Reuterslast month

    Importers buy U.S. corn at record rate as drought tightens LatAm supplies

    Importers are buying U.S. corn at the fastest pace since the mid-1990s, according to U.S. government data, as tightening stocks in Latin America prompt a rush to purchase cargoes of the grain from animal feeders worldwide. A deepening drought in Argentina and limited corn supplies in Brazil, two of the three largest exporters, have opened a window of opportunity for top supplier the United States, which has the largest available surplus for export. The shopping spree comes as a rare bit of good news for U.S. shippers and farmers who have seen incomes fall amid years of global oversupply and intensifying competition.

  • Reuterslast month

    Importers buy U.S. corn at record rate as drought tightens LatAm supplies

    Importers are buying U.S. corn at the fastest pace since the mid-1990s, according to U.S. government data, as tightening stocks in Latin America prompt a rush to purchase cargoes of the grain from animal feeders worldwide. A deepening drought in Argentina and limited corn supplies in Brazil, two of the three largest exporters, have opened a window of opportunity for top supplier the United States, which has the largest available surplus for export. The shopping spree comes as a rare bit of good news for U.S. shippers and farmers who have seen incomes fall amid years of global oversupply and intensifying competition.

  • Daily Grains Analysis for March 9, 2018 – Corn Rallies Soybeans Slide
    FX Empirelast month

    Daily Grains Analysis for March 9, 2018 – Corn Rallies Soybeans Slide

    Grain prices were on Friday in North American trade, following a mixed WASDA report from the U.S. Department of Agriculture. The report was bullish for corn prices which settled on the highs of the session on Thursday, and somewhat bearish for soybeans which settled closer to the lows of the session on Thursday. Corn prices surged higher closing at the highs of the session on Thursday and opened nearly unchanged on Friday.  After forming a bull flag pattern prices broke out and are now poised to test target resistance near the July highs at 3.94 per bushel.