Global Economy
Soybeans dropped for a second day in Chicago, heading for a third monthly loss, on speculation that rain forecast for the U.S. Midwest will help improve yields after concern about recent dryness bolstered prices.
Profitable prices are likely to continue, although nowhere close to last year’s record for key crops.
Many traders have set their eyes on $15 soybeans for next week; however, this may be difficult if rain reaches Argentina.
Top Producer recently surveyed 15 market analysts for their views on grain pricing in 2013. Here’s what the moderate faction had to say.
Corn futures have soared, crop condition ratings have dropped, and the world is hearing about risks of U.S. drought driving food prices higher.
Average yields for corn and soybeans could drop dramatically lower, unless it starts raining and continues to rain hard every week across the central Corn Belt.
What effect will the longer trading hours have on the markets when USDA reports are released? Jerry Gulke analyzes.
Hot, dry forecasts are causing alarm in the grain markets. Will the upcoming weather singe the early-planted crops? Jerry Gulke discusses.
Corn acreage may climb to 95 million acres this spring. Then again, maybe not.
A poor South American crop may push U.S. corn and soybean exports higher.