China buying to perk up palm oil and soybean trade

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Oil World provided a ray of hope for prices of palm oil and soybeans even as they set multi-month lows, holding out the prospect of a rebound in Chinese buying. The influential analysis group termed as "limited" the potential for further losses in palm oil prices which, on Kuala Lumpur’s futures market, ended at a…


Indiana Corn Continues Decline

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Scattered thunderstorms brought temporary drought relief to some areas but the state remains very dry in general, according to the Indiana Field Office of USDA’s National Agricultural Statistics Service. The prevailing hot, dry conditions are causing a growing concern over the impact it will have on crop yields. Some soybean fields required spraying during the…


Evaluating corn and soybean production prospects

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The 2011-12 corn and soybean marketing year officially begins on September 1. As pointed out last week, the 2010-11 marketing year is 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…


Goldman hikes corn, wheat, soybean price forecasts

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Goldman Sachs hiked its forecast for corn, soybean and wheat futures despite warning that an official US report next week could publish a higher yield estimates than investors expect and prompt a temporary plunge in prices. The bank raised its estimate for the price of Chicago’s near-term corn lot in three months’ time by $1.45…


Corn and Soybean consumption coming up short

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(AXcess News) Springfield, IL – Much of the corn and soybean market attention is appropriately focused on the prospective size of the 2011 U.S. crops and speculation about the USDA’s August 11 Crop Production report.  The size of these crops will obviously largely determine the magnitude of supplies available for consumption during the 2011-12 marketing…


VN’s largest soybean estimate plant inaugurated

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Vietnam’s largest integrated soybean estimate plant was officially inaugurated in a Phu My 1 Industrial Zone in a southern range of Ba Ria-Vung Tau on Jun 27. Invested by Bunge Vietnam company, a auxiliary of a US’s Bunge Corporation, a 100 mln USD bureau is means of estimate one million tonnes of soy beans per…


Wheat, Corn Gain as U.S. Agrees to Debt Deal to Avoid Default

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Aug. 1 (Bloomberg) — Wheat futures advanced for the first time in three days after President Barack Obama announced that lawmakers have reached an agreement to raise the federal debt limit and avoid a default. Corn futures also increased. December-delivery wheat gained as much as 1.1 percent to $7.235 a bushel on the Chicago Board…


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…


Soybeans Enter Stage Right

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But when the CME Globex session fires up on Sunday evening, corn will find itself sharing the stage with its longtime vaudeville partner as soybeans prepares for its grand entrance. The month of July has always belonged to corn. Corn dominates headlines as traders react to every minute change in weather forecasts. This year has…


Wheat, corn, oat and soybean futures fall on the CBOT; beef prices rise

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CHICAGO — Grains futures fell Friday on the Chicago Board of Trade. Wheat for September delivery fell 20.75 cents to $6.7250 a bushel; December corn fell 17.50 cents to $6.6875 a bushel; December oats fell 5.50 cents to $3.5750 a bushel; while November soybeans fell 14.25 cents to $13.5725 a bushel. Beef futures rise, while…


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