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.
- Agreement to deliver real time data and precision analytics
- Trading firms' dispute with Monsanto threatens Brazil's soy sales
- Invasive weed increasingly taking hold in Kansas
- Resilient Agriculture Conference now open to crop advisors
- Deep tillage buries weed seeds that can’t be killed by herbicides
- Evogene, Marrone Bio Innovations announce partnership