Exports: Both corn and soybeans tumble
Optional Origin Sales: For MY 2013/2014, outstanding optional origin sales total 130,000 MT, all China.
Soybean futures rallied on Wednesday, reflecting trader expectation about Chinese actions after they canceled a large number of Brazilian orders earlier this week due to its logistical problems and resulting delays. The futures rally continued into Thursday morning on anticipation of Chinese demand for U.S. soybeans. May soybeans surged 9.25 cents to $14.29/bushel early Thursday morning, while May soyoil climbed 0.39 cents to 50.23 cents/pound, while May meal moved up $1.6 to $415.4/ton.
- Tremendous response to Iowa’s new nutrient reduction program
- FMC opens new Asia Innovation Center in Shanghai
- Groundwater levels drop in Southwest in ongoing drought
- Council of the European Union adopts position on GMOs
- New Holland launches new self-propelled sprayer line
- Crop markets are starting the week on a generally firm note
- Study says neonic insecticides widespread in Iowa waters
- Drones draw interest to crop scouting and other new farm uses
- AgData acquired by Vista Equity Partners
- Granular completes nationwide beta testing; signs first customers
- Concerns grow over damage to EU wheat crop quality
- Evogene amends Bayer wheat agreement