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Expect lower soybean prices

2013-11-11 19:58:00| Corn & Soybean Digest

With a good U.S. soybean harvest nearly complete and South America production on a roll, cash soybean prices below $11 per bushel may be the norm next year and beyond, said Chad Hart, Iowa State University Extension crop markets specialist. Hart said Friday that growers should consider locking in higher soybean prices when brief rallies occur because it looks like the market is digging in. read more

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Hog Outlook: USDA Lowers Soybean Acres Planted, Harvested

2013-11-11 01:00:00| ThePigSite - Industry News

US - USDA's November WASDE lowered 2013 corn acres planted by 2.1 million, lowered acres harvested by 1.9 million, and boosted yield by 5.1 bushels to 160.4 bushels per acre compared to the September estimates, write Ron Plain and Scott Brown.

Tags: outlook acres planted harvested

 
 

Corn, Soybean Futures Gain Following Not-So-Bearish USDA Report Friday; Wheat Steady

2013-11-11 01:00:00| ThePigSite - Industry News

US - Corn and soybean futures saw solid short-covering bounces on 8 November following a midday USDA report that was not as bearish as many grain traders had feared before the report's release.

Tags: report friday gain steady

 

November 2013 WASDE, Crop Production reports confirm large corn, soybean crops

2013-11-08 23:19:00| Corn & Soybean Digest

Source: University of Illinois The USDA's National Agricultural Statistics Service (NASS) has released new forecasts of the size of the 2013 corn and soybean crops. In addition, the USDA's World Agricultural Outlook Board released updated forecasts of the supply and consumption of those crops for the 2013-2014 marketing year. The reports contained no major surprises, confirming large crops, improved exports and prospects for larger year ending stocks and lower prices. read more

Tags: november large reports production

 

Corn, soybean basis price concerns

2013-11-08 16:10:00| Corn & Soybean Digest

I like to think of grain marketing as a game played with two halves. The first half is pre-harvest marketing, or pricing actions taken before you harvest the crop. The second half occurs after harvest and involves a question, To store, or not to store? read more

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