Corn frenzy grips CBOT, soybeans drop

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NEW YORK(Commodity Online): Corn frenzy has gripped the CBOT as the commodity advanced most in 16 months on the exchange when investors flocked to buy the commodity after it witnessing 23% slump last month. Corn for December delivery jumped as much as 1.2 percent to $6.525 a bushel on the Chicago Board of Trade and…


Corn, soybeans fight back after USDA report

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After dropping as much as 10 cents per bushel in early trading on the Chicago Board of Trade after what appeared to be a bearish U.S. Department of Agriculture harvest report, corn and soybean prices fought back to end the day unchanged. Corn closed the market day down about a half-cent at $6.44 per bushel…


Evening markets: yield fears help soybeans to three-year top

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In the end, it was corn which turned up at the bottom of the Chicago pile. While soybeans recorded a small, but significant, upwards move. Wheat had, early on, looked hot favourite to prove the worst performer on what looked like being a soft day for crops, it being month end – by lore, a…


Soybeans Rise to Six-Month High After Heat Hurts U.S. Yields

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Soybean futures climbed to their highest level in more than six months in Chicago and corn also advanced on concern the effects of hot July weather in the largest U.S. growing states will reduce harvests. Soybeans for November delivery rose as much as 1.2 percent to $14.41 a bushel on the Chicago Board of Trade,…


Soybeans are hot!

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Soybean futures opened like a house afire this morning on the Chicago Board of Trade, up 20 cents per bushel to $14.43 with some traders predicting $15 beans soon. Soybeans gained 30 cents per bushel Friday on the Chicago Board and kept up the momentum in overnight electronic trading. Corn also opened strong, up 5…


Early price peak for corn and soybeans?

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The 2011-12 corn and soybean marketing years will be characterized by the need to reduce consumption of both crops.  The magnitude of those needed reductions are not yet known and the prices needed to make those cuts will depend on the strength of underlying demand. Based on the most recent USDA projections and the assumption…


Corn, soybeans surge on weather concerns

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Soybeans for November delivery, which prices the crop in the field now, rose 32 cents per bushel to $14.25 in morning trading on the Chicago Board of Trade on concerns that the dry weather in the heart of the soybean belt in Iowa and Illinois will hurt yields. Corn prices meanwhile jumped unexpectedly by 24…


It’s good news for corn, not-so-good news for soybeans

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IOWA – Corn yields are looking up while soybean yields are looking down, according to a U.S. Department of Agriculture (USDA) report released Thursday, Aug. 11. Nationwide, corn production is forecast at 12.9 billion bushels – up 12.45 billion bushels, or 4 percent from 2010. “Based on conditions as of Aug. 1, yields are expected…


Corn Climbs in Chicago on Falling Stockpiles; Wheat, Soybeans Also Advance

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Corn climbed for the first time in three sessions as falling stockpiles revived speculation that supplies aren’t enough to meet demand. Wheat and soybeans rose. Global corn stockpiles may fall 6.8 percent in the 2011-12 marketing year to 114.5 million metric tons, the U.S. Department of Agriculture said in a report on Aug. 11. The…


Soybeans jump after ‘blowtorch heat’ wilts US crop

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Soybean futures jumped in early deals after the US cut its production estimate by considerably more than the market had expected, signalling a squeeze on supplies which looks set to have global repercussions. The US Department of Agriculture cut its estimate for the US soybean yield this year by 2.0 bushels per acre to 41.4…


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