Rising Food Prices
Japanese Foot-and-Mouth Cuts Corn Exports
Soybeans Will Not Rally?
Agrimoney.com, a Web site for the investment community, says oilseed-to-usage ratios are not favorable for soybeans. By the end of year, the report says, that ratio is expected to rise to 27%, compared to the 19.4% that was seen at the end of the 2008-09 marketing year. Prices for soybeans from July to September look to average $8.70/bu., the report says.
Argentine Grain Handlers Strike Delayed