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Michael Hirtzer

Michael Hirtzer reports on commodity markets for Reuters from Chicago.


Stories by Michael Hirtzer

Crops, Markets, Reuters

U.S. grains: Corn near three-week high on slow planting

By Michael Hirtzer April 29, 2014
Chicago | Reuters — U.S. corn futures rose more than one per cent on Tuesday for their third straight session of gains and neared a three-week high as rains and cold temperatures prevented farmers from planting in much of the Midwestern crop belt, analysts said. Wheat and soybeans also climbed at the Chicago Board of […] Read more

Crops, Markets, Reuters, Weather

U.S. grains: Wheat hits two-week high on Plains drought conditions

By Michael Hirtzer April 28, 2014
Chicago | Reuters — U.S. wheat rose for the fifth straight session, climbing to a two-week high on Monday on concerns that drought conditions in the southern Plains could cut yields before an annual crop tour this week in the top-growing state of Kansas, analysts said. Corn futures advanced to a nearly three-week high at […] Read more


Crops, Markets, Reuters, Weather

U.S. grains: Wheat falls on forecast for rains, but gains for week

By Michael Hirtzer March 28, 2014
Chicago | Reuters — U.S. wheat futures fell two per cent on Friday, pressured by forecasts for rains next week in parched southern Plains growing regions and as investors squared positions ahead of key U.S. planting and stocks data due on Monday. Corn and soybeans were nearly unchanged in subdued trading in the run-up to […] Read more

Crops, Markets, Reuters

U.S. grains: Corn jumps to three-week high on big export sales

By Michael Hirtzer March 27, 2014
Chicago | Reuters — U.S. corn climbed 1.6 per cent to its highest in nearly three weeks on Thursday, lifted by large export sales, while wheat futures also rose as grain prices rebounded after two sessions of declines. Soybean futures edged lower at the Chicago Board of Trade, pressured by export sales results showing further […] Read more


Crops, Markets, Reuters, Weather

U.S. grains: Wheat falls one per cent on forecast for U.S. Plains

By Michael Hirtzer March 26, 2014
Chicago | Reuters — U.S. wheat futures fell more than one per cent for their second straight session of declines on Wednesday in a selloff sparked by forecasts for rain in parched growing regions in the southern U.S. Plains. Corn futures edged narrowly lower on pressure from the steep downturn in wheat while soybeans moved […] Read more

Crops, Markets, Reuters

U.S. grains: Corn, wheat edge lower in consolidation ahead of report

By Michael Hirtzer March 25, 2014
Chicago | Reuters –– U.S. corn futures eased for the first time in three sessions on Tuesday while wheat prices also lost ground as investors took profits ahead of a major government crop report due next week. Forecasts for more favourable weather in the U.S. also weighed on grain prices even as they remained near […] Read more


CBOT March oats hit a record US$5.63-1/4 per bushel Wednesday on continued logistics woes in Western Canada. (Lisa Guenther photo)
Crops, Markets, Oats, Reuters

CBOT oats hit record high, rail delays keep supplies tight

By Michael Hirtzer March 12, 2014
Chicago | Reuters — The Chicago Board of Trade oat market soared 17 per cent to an all-time high on Wednesday, continuing a month-long rally on tight supplies due to backlogged rail shipments from top exporter Canada. The biggest gains were notched in the thinly traded March contract as traders exited their short positions ahead […] Read more

Crops, Markets, Reuters

U.S. grains: Wheat, corn surge as market frets over Ukraine

By Michael Hirtzer March 3, 2014
Reuters — U.S. wheat futures surged nearly five per cent On Monday, the most in 1-1/2 years, as tensions in Ukraine stoked fears of disruption to shipments from the Black Sea, one of the world’s key grain-exporting zones. Corn futures jumped 1.5 per cent at the Chicago Board of Trade after Ukraine, a major exporter […] Read more


Crops, Markets, Reuters

U.S. grains: Soybeans retreat from highest levels since September

By Michael Hirtzer February 28, 2014
Chicago | Reuters — U.S. soybeans fell on Thursday, retreating after five sessions of gains and a rise in early trade to the highest level since September as U.S. and South American farmers boosted sales, traders said. Wheat futures shed nearly three per cent and corn 1.7 per cent, with all three markets pressured in […] Read more

Crops, Markets, Reuters

U.S. grains: Wheat plunges most in month on export worries

By Michael Hirtzer February 26, 2014
Chicago | Reuters — U.S. wheat futures plunged 2.4 per cent on Wednesday for their worst losses in a month, pressured by worries that the recent run-up in prices to a two-month high would make supplies from the U.S. less competitive in global markets. Wheat futures fell to their lows late in the session at […] Read more


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