Soy prices jump on dry weather

images1.jpg

U.S. soybean futures climbed Monday as it appeared the crop could miss out on badly needed rains. Soybeans for November delivery jumped 23 1/2 cents, or 1.7%, to $14.47 a bushel at the Chicago Board of Trade. Corn for December delivery rose 3 cents, or 0.4%, to $7.70 a bushel. Soft red winter wheat for…


Hot Summer Erodes Corn, Soy Harvest

images3.jpg

The hottest summer since 1955 in Iowa and Illinois is eroding yield prospects for corn and soybean crops in the U.S., the largest grower and exporter. Signs of diminished output appeared this week during a four-day, seven-state sampling of about 2,000 fields in the Midwest organized by the Professional Farmers of America, which will report…


Evening markets: yield fears send corn soaring. Soy follows

tixung9.png

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…


Paraguay wants 6 pct soy export tax; farmers balk

1.jpg

Paraguay’s government wants to put a 6 percent tax on the country’s burgeoning soy exports, a measure that could aggravate already tense relations between left-leaning President Fernando Lugo and the farm sector. Soy cultivation has expanded rapidly in the South American country, which is the world’s fourth-biggest soybean exporter. The farm sector accounts for 36…


Crop declines ‘threaten US corn, soy yield cuts’

tixung7.png

A further decline in the condition of US crops, notably in Illinois, the second-ranked producing state of corn and soybeans, has raised fears of further downgrades to official yield estimates. "Condition ratings in key Corn Belt state Illinois continue to plummet," Paul Deane at Australia & New Zealand Bank said, after the US Department of…


U.S. grain and soy review: Crop woes focus on spring wheat, corn

tixung1.png

U.S. grain and soybean futures soared Friday on increasing concerns about crop losses due to poor weather in the Midwest and northern Plains earlier this year. Worries focused on the spring wheat and corn crops as traders said early harvest reports revealed yields were lower than expected. Excessive rains delayed planting of both crops this…


GRAINS-US wheat down 0.5 pct after 5-day rally; corn, soy ease

tixung5.png

SINGAPORE, Aug 16 (Reuters) – U.S. wheat futures fell 0.5 percent on Tuesday, snapping a five-day rising streak as a firm dollar and weaker crude oil weighed. Corn and soybeans also dipped as U.S. crop ratings steadied after rain and cooler temperatures in the Midwest stabilized the crops, which had been suffering through a dry,…


Corn, Wheat Called Higher as U.S. Crop Condtions Deteriorate; Soy May Gain

tixung6.png

Corn fell to a one-week low in Chicago on concern the loss of the U.S.’s AAA credit rating will sap a weakening recovery and erode demand. Soybeans reached the lowest price in almost five months. The S&P GSCI Spot Index of raw materials retreated to the lowest level since December. The MSCI World Index of…


China faces hurricane threat to corn and soy areas

tixung2.png

China faces the risk of severe damage from a hurricane whose trail of destruction could encompass Shanghai and major crop producing regions, lifting the country’s need for imports of crops such as corn and soybeans. Forecasters at the Korea Meteorological Administration and at US-based weather service WxRisk.com have warned that either South Korea or eastern…


U.S. grain and soy review: Wheat falls on growing global output

tixung3.png

U.S. wheat futures tumbled Thursday as increasing estimates for global production overshadowed concerns about a decline in the domestic crop. Soft red winter wheat for September delivery, the most actively traded contract, fell 11 1/2 cents, or 1.6%, to $6.93 1/4 a bushel at the Chicago Board of Trade. Prices fell less at exchanges in…


Page 1 of 212