Corn, Soybeans May Fall on Beneficial Weather, Dwindling Demand

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Corn and soybeans may fall for the second straight week as rain and cooler temperatures bolster crops, while a sluggish U.S. economy and rising global interest rates erode demand for grains and oilseeds. Fourteen of 27 traders and analysts surveyed from Tokyo to Chicago on July 29 forecast that corn will drop, and 15 of…


Corn and soybeans to open slightly lower Friday

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Corn prices are expected to open 5 to 8 cents lower on Friday. There has been no real change to weather forecasts. Parts of the Western and Northern sections of the Midwest got rain on Thursday night into Friday morning, but the southern part of the region remains hot and generally dry. Parts of South…


Crops feel the heat

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EFLAND — There’s an old saying, it’s not the heat. It’s the humidity. But farmers in Orange County are saying, no, it really is the scorching temperatures. "If we had to tag one thing, it would be heat," said Morris Shambley, owner of Shambley Farm on Mt. Willing Road in western Orange County. Of course,…


U.S. crops fall further behind

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CHICAGO, Illinois (Agriculture.com)–Monday’s USDA Crop Progress Report indicates the U.S. corn and soybean crop conditions continue to go backwards. For corn, the USDA rated the U.S. crop as 14% very poor-poor, 24% fair and 62% good/excellent. Also, 65% of the corn crop is estimated to be in the silting stage, behind 82% a year ago…


Prices drop on improved weather

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CHICAGO (Dow Jones)–U.S. grain and soybean futures slid Monday as heavier-than-expected rains benefited crops that had been stressed by heat and dryness. Corn for December delivery, the most actively traded contract, fell 11 cents, or 1.6%, to $6.74 1/2 a bushel. Soft red winter wheat for September delivery lost 3 3/4 cents, or 0.5%, to…


Corn prices rise after hot weather damages crops

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Crop prices closed higher Tuesday after the government reported that the U.S. corn crop isn’t growing as well as previously thought because of hot weather. The U.S. Department of Agriculture released a report late Monday afternoon that showed 62 percent of the corn crop in 18 states that produce the vast majority of corn in…


Wheat, barley farmers say they need less rain

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GREELEY, Colo. (AP) — Northern Colorado’s wheat and barley farmers say they need hot, dry weather over the next few weeks to protect their harvest. Farmers tell the Greeley Tribune they anticipate an average yield. But they say recent afternoon storms in the area are giving their crops "water stains," which can indicate mold. Farmers…


Cool summer good news for B.C. berry crops

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There could be one bright side to the cloudy weather this summer — the unseasonable cold may have saved some of the Fraser Valley’s berry crops. Tom Bauman, an agriculture professor at the University of the Fraser Valley, said the extremely cold and wet winter and fall put perennial crops at risk. "The root systems,…


Crop, herd stress continues to mount

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Though temperatures have finally slipped back into the double digits in much of the Corn Belt, it’s still hot and dry. Farmers are starting to take stock of the damage their crops and livestock have incurred over the last couple of weeks and their prospects moving forward. Farmers in the Corn Belt’s bookend areas are…


Don’t jump to heat conclusions

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If your corn’s got enough water during these dog days of summer, the 90-plus-degree temperatures shouldn’t be too damaging. But, if you’re on the dry side, it’s a bad time of year for your corn to be feeling the kind of stress the current heat dome is creating. "Afternoon temperatures in the mid-90s are not…


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