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…


Official corn and soy harvest estimates ‘too high’

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Lanworth, the analysis group which draws crop estimates from satellite data, has pegged the US corn harvest 570m bushels below government estimates, warning of weather damage and lower sowings than officials are counting on. The prominent consultancy, which was also more downbeat that the US Department of Agriculture on prospects for the country’s soybean output,…


Fertilizer prices to drag 2012 farm profits lower

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High fertilizer costs, and lower crop prices, will in 2012 end a two-year run of rising profits for US corn and soybean farmers – and presenting a significant risk of "very low returns". US corn growers will next year fork out $165 an acre for nutrients, a rise of 35% in two seasons, and returning…


Soybean product exports top estimates

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It was a mixed week for grain and oilseed export sales with corn, soybeans and wheat falling within pre-report expectations, while soybean meal and oil topped estimates. Physical shipments of corn, soybeans and wheat for the week ending July 14 were all less than what’s needed weekly to meet USDA projections for the respective marketing…


Bunge starts $100 mln soybean crushing plant in Vietnam

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Agricultural processor Bunge Ltd has begun production at its US$100 million soybean crushing plant in southern Vietnam, which would help reduce risk and costs for local feed importers, the company and traders said on Monday. Production began on May 8 at the plant, which is designed to crush 1 million tonnes of soybean a year…


Largest soybean processing plant officially opens

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The Bunge Vietnam Co, Ltd, a branch of the US’ Bunge Corporation officially inaugurated its soybean processing plant in Phu My 1 Industrial Park in the southern province of Ba Ria – Vung Tau on June 27. The factory, the largest of its kind in Vietnam, has a total investment of US$100 million with the…


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