Evening markets: yield fears send corn soaring. Soy follows

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In the end, corn investors didn’t even wait for the tour results. The head scratching and teeth sucking for much of the week about what the ProFarmer tour of Midwest crops would come up with in terms of yield estimates gave way to a buying a spree, as the market jury went with a yield…


Corn, soybeans surge on weather concerns

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Soybeans for November delivery, which prices the crop in the field now, rose 32 cents per bushel to $14.25 in morning trading on the Chicago Board of Trade on concerns that the dry weather in the heart of the soybean belt in Iowa and Illinois will hurt yields. Corn prices meanwhile jumped unexpectedly by 24…


US Corn Faces a New Competitor in Colombia

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With the implementation of the free trade agreement (FTA) between Colombia and Canada on August 15, U.S. corn exports will be facing a new competitor ’ Canadian feed wheat. U.S. Grains Council trade sources indicate that Colombian buyers have placed orders for 125,000 mt of Canadian feed wheat in the 10 days since the agreement…


Barclays: Grains ease on profit-taking after recent strong gains

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LONDON (Commodity Online): The agricultural commodities complex posted price declines on the day. Profit-taking after recent gains saw grains prices easing. Front month CBOT Corn prices managed to close higher on the day at $7.32/bushel, while the new crop December contract hit a new contract high before closing at $7.43/bushel. CBOT Wheat posted the steepest…


World corn output lowered, IGC says

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LONDON (Dow Jones)–World corn production is expected to fall by 10 million metric tons to 849 million tons in 2011-12 due to sharp cuts in the U.S. crop forecast, the International Grains Council said Thursday. "But production prospects in the southern hemisphere have improved and the 2011-12 corn crop is still projected to be the…


Drought-stressed corn needs timely harvest to avoid stalk lodging, ear drop

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MANHATTAN, Kan. – Much of the dryland corn crop currently being harvested in southeast and south central Kansas has been subjected to severe drought stress during a good portion of the growing season, said Kraig Roozeboom, K-State Research and Extension crop production specialist. Under these conditions, harvest may present some challenges. “Where corn has been…


Corn use by ethanol plants to ‘stop growing’

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Growth in US corn ethanol production may not just slow next season – but stall altogether in the face of a domestic harvest 3m tonnes weaker than US officials are factoring in. Many observers have forecast a slowdown in the rapid expansion in corn’s conversion into bioethanol, in the face of higher prices of the…


Wheat futures improve on bullish US corn data

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Wheat prices have improved again this week, aided by dwindling US maize prospects and strong export demand. As Farmers Weekly went to press, ex-farm values had reached about £159/t for spot movement – £3.50/t up on the week. Wheat quality so far was excellent, which had reduced feed wheat availability and further supported spot prices,…


Wheat, Corn Futures Decline in Chicago, Snapping Three-Day Advance of 6.1%

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Wheat and corn futures dropped in Chicago, snapping three days of gains. Wheat for December delivery slid as much as 0.5 percent to $7.81 a bushel and traded at $7.82 at 8:07 a.m. Singapore time, after advancing 6.1 percent in three days and reaching a two- month high. Corn fell 0.1 percent to $7.425 a…


Bunge banned Syngenta corn ‘to save China trade’

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Bunge’s decision to ban corn grown from cutting-edge Syngenta seed – a curb which has sparked a legal battle – was imposed for fear of damaging America’s nascent exports of the grain to China, the crop processor said. Soren Schroder, the chief executive of Bunge’s North America division, said he was "surprised and disappointed" that…


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