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Market Commentary

Afternoon Comments 06/19


Soybean prices closed higher Wednesday, with tight old crop supplies offering continued support. A private forecast of reduced U.S. acreage probably boosted the new crop contracts as well. Moreover, the latest weather forecasts indicated late-June Corn Belt weather could be hotter and drier than previously anticipated. July soybean futures closed up 12.25 cents to $15.23/bushel late Tuesday, while July soyoil advanced 0.52 cents to 49.33 cents/pound and July soybean meal rose $1.7 to $453.5/ton.
Market Info

Key Reports/Outlook

Corn harvest finished, soybeans not far behind

11/05/2012 3:27:41 PM

In mid-August, the USDA began reporting corn harvest progress. Now, 12 weeks later, the Crop Progress... Read more.

Grains higher on month-end fund buying

10/31/2012 3:31:18 PM

Corn futures settled higher on Wednesday. Generally speaking the grain complex closed with firm gains... Read more.

Producers eager to wrap-up corn, soybean harvest

10/31/2012 3:26:59 PM

It’s a race to the finish line for producers eager to wrap up the 2012 corn harvest. In its... Read more.

USDA: Corn, soybean exports dip slightly

10/25/2012 9:00:00 AM

According to the USDA’s latest U.S. Export Sales report, corn net sales of 142,300 metric tons... Read more.

Corn, soybean harvest winds down

10/22/2012 4:14:11 PM

The end of the 2012 harvest season is quickly nearing for corn and soybean producers. With 87 percent... Read more.

USDA: Corn exports up slightly

10/18/2012 9:37:10 AM

According to the USDA’s latest U.S. Export Sales report, corn net sales of 166,700 metric tons... Read more.

Exports: Corn sales jump from last week

10/11/2012 8:50:00 AM

According to the USDA’s latest U.S. Export report, corn net sales of 326,900 metric tons (MT)... Read more.

USDA: Soybean production up 9 percent

10/11/2012 7:52:41 AM

According to the USDA's Crop Production report, soybean production is forecast at 2.86 billion bushels,... Read more.

USDA raises soybean yield forecast

10/11/2012 7:37:50 AM

According to the USDA's World Agricultural Supply and Demand Estimates report (WASDE), U.S. oilseed production... Read more.

USDA: Corn export sales climb from last week

10/04/2012 9:10:00 AM

According to the USDA’s latest U.S. Export Sales report, corn net sales of 326,900 metric tons... Read more.

Corn harvest maintains record pace, passes 50%

10/01/2012 3:39:16 PM

The 2012 corn harvest continues to set records as it maintains an impressive pace that will likely... Read more.

USDA: Soybean stocks down 21 percent

09/28/2012 7:37:57 AM

According to the USDA's latest Grain Stocks report, old crop soybeans stored in all positions on Sept.... Read more.

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