Exports: Corn sales roller coaster continues
Weather concerns boosted the soy complex in Wednesday trading, and the same factors supporting the corn market powered Wednesday’s soy rebound as well. The soy complex proved weak overnight. Wire service reports cited technical resistance and profit-taking for the slide.
Whatever the reason, the fact that futures declined despite disappointing crop tour results for Iowa and Illinois may bode rather ill for short-term prospects. September soybeans fell 8.25 cents to $13.2475/bushel in early Thursday trading, and November beans dove 18.5 to $12.895. September soyoil edged 0.10 cents higher to 42.92 cents/pound, whereas September soymeal dipped $5.0 to $416.5/ton.
|REPORT||THIS WEEK||LAST WEEK||DIFFERENCE|
|SALES||10 WEEKS||27 WEEKS||THIS YEAR|
- Commentary: Blame anti-GMO groups for deaths
- Julie Borlaug says biotech is necessary in fight against hunger
- What does “sustainable” food and agriculture really mean?
- Climate change will reduce crop yields sooner than we thought
- Ohio bill to require certification to apply fertilizer
- Carbon-dioxide hurts nitrogen assimilation by plants