Insight: Feast of protein in U.S. spring wheat harvest

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(Reuters) – North Dakota wheat farmer Terry Weckerly applied extra fertilizer to his wheat this summer to coax more protein out of the crop. Flour mills and grain elevators were paying near-record premiums for high-protein wheat and he wanted a slice of it. The fertilizer worked too well. Weckerly and other spring wheat farmers are…


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…


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,…


Wheat May Gain as Hot Weather Persists in Main Crop Growing Areas in U.S.

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Wheat, little changed, may advance on concern that hot weather in parts of the U.S. may hinder planting of the winter-crop in the world’s largest exporter. December-delivery wheat traded at $7.87 a bushel on the Chicago Board of Trade at 2:43 p.m. in Singapore, set for a 3.4 percent advance this week, the fifth-straight weekly…


Feared Beetle Makes Its Way to U.S. in Rice from India

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U.S. Customs and Border Patrol investigators said Tuesday that they intercepted a feared nonnative beetle in bags of rice that arrived at O’Hare International Airport from India, the latest in a surge of discoveries of the hard-to-kill pest that could damage this country’s grain industry if it became established. A khapra beetle cast skin and…


U.S. grains tread water ahead of crop report, Fed speech

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(Reuters) – U.S. grain and soybean futures edged lower in early Asian trading on Friday as traders took to the sidelines waiting for a key report on the state of U.S. crops following a crop tour and a key Federal Reserve speech on the U.S. economy. Private firm Pro Farmer will release a national corn…


Higher Corn Market Prices Will Hit Your Wallet

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A smaller-than-expected U.S. fall harvest, combined with strong demand, has sown the seeds of higher corn market prices. That will inflate your grocery bill, but it’s also an investing opportunity that should persist into next year according to some experts. The United States Department of Agriculture (USDA) recently reduced its forecast for the fall corn…


U.S. 2012 wheat carryover up slightly from July

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U.S. wheat carryover on June 1, 2012, was projected at 671 million bushels, up 1 million bushels from 670 million bushels forecast in July but down 190 million bushels, or 22%, from 861 million bushels in 2011, the U.S. Department of Agriculture (USDA) said in its Aug. 11 World Agricultural Supply and Demand Estimates. The…


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

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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…


Crops in good shape, a touch slow

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WASHINGTON, Aug. 1 (UPI) — The U.S. corn crop remains in good shape and a touch slower than 2010, the Department of Agriculture said Monday. As of the week ending Sunday, 18 percent of the crop was in the dough stage, compared to 23 percent at this time a year earlier, the department said. The…


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