Frost dents further US corn and soybean prospects

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The North American freeze last week appears to have done more damage to crops in some areas than initially thought, with corn and soybeans in Minnesota suffering a particular downgrade. The condition rating of the soybean crop in North Dakota tumbled by nine points to 60%, in terms of the proportion rated in "good" or…


Soybean prices face ‘sharp rally’, says Goldman

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Soybean prices face an "increasing likelihood" of a strong rally from current levels, thanks to the need to keep up with corn values and secure a place in farmers’ sowing schedules, Goldman Sachs said. The investor bank, like competitor Morgan Stanley, cut its estimate for the US corn yield, citing a hot and dry summer…


Economics of Corn and Soybean Storage

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US – With smaller grain and oilseed supplies than those of a year ago and increased storage capacity, there should be fewer crop storage issues than in recent years. The decision by producers to store corn and soybeans, however, should be based on expected returns rather than on capacity to store. Total supplies (production plus…


Corn, Soybean Rally as Adverse Weather Eroding Prospects for U.S. Harvests

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Corn rallied to an 11-week high and soybeans touched the highest price since February on speculation that dry weather during the next two weeks will erode yields in the U.S., after a July heat wave damaged plants. The next two weeks will have less rain than normal from Nebraska toIndiana, leaving about a third of…


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…


Evening markets: weather fears boost corn and soybean prices

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Grains closed higher, but by the close of play it wasn’t wheat which was making the running. Sure, there was still some bullish news around on wheat, with the fears for quality spreading to Russia, besides mounting in Germany, besides the general help from benign conditions on external markets, where crude rebounded to stand 2.3%…


Corn, Soybean Crop Conditions Unchanged, USDA Says; Cotton Gains

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The condition of the U.S. corn and soybean crops was unchanged last week, the U.S. Department of Agriculture said. About 60 percent of the corn in the top 18 producing states was in good or excellent condition as of yesterday, the USDA said today in a report. A year earlier, 69 percent got the top…


USDA lowers corn yield estimates; prices soar

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Corn and soybeans rose 23 cents and 30 cents per bushel respectively in the first hour of trading on the opening at the Chicago Board of Trade Thursday after the U.S. Department of Agriculture Thursday stroked the concerns of the grain markets by lowering its  projected national corn yield from 158.7 bushels per acre to…


Corn and Soybean Production Prospects

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US – The 2011-12 corn and soybean marketing year officially begins on the first of September with the 2010-11 marketing year ending with a slowdown in the consumption of both corn and soybeans, suggesting that year ending stocks could be larger than projected in the USDA’s July WASDE report. Those stocks will not be known…


Vietnam soybean imports to more than double to 1.5 mln T in 2012

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Vietnam’s soybean imports next year, mainly from South America, are forecast to more than double to 1.5 million tonnes thanks to demand largely from the country’s two crushing plants, both opened this year, traders said on 27 June, 2011. Soybean import this year is expected to hit 700,000 tonnes following the operation of the plants,…


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