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Soybean oil futures hit five-year low

The USDA has projected domestic 2014-2015 soybean production at a record-high 3.816 billion bushels, with a strong estimated yield of 45.4 bushels/harvested acre, according to the latest monthly World Agricultural Supply and Demand and Estimate report, released August 12. Chicago

Soybeans tumble after USDA acreage report

In its June 30th acreage report , the USDA indicates that soybean planted area for 2014 is estimated at a record high 84.8 million acres, up 11 percent from last year. Area for harvest, at 84.1 million acres, is up

Soybeans price update

Soybeans for March delivery closed up 25c/1.9% at $13.6250/bu in Chicago YD as the worst drought in decades threatened production in Brazil. Via Propurchaser.com

Palm oil at 6-week high on Brazil drought

The price of palm oil is at a six-week high, on speculation of an increase in overseas  demand due to fears of a soybeans supply shortage. Investors indeed fear that the low soybean production due to the Brazil drought, the

Corn and Soybeans fall sharply

Corn futures plunged to a three-year low after the U.S. Department of Agriculture boosted its inventory estimate by 25 percent. Soybeans dropped the most in six months as supplies topped analyst estimates by 11 percent. Corn futures dropped 2.8 percent

How will the current US heat wave impact corn and soybean prices?

Temperatures are poised to pass 38°C (100°F) in the coming week in western corn-belt states such as Iowa. The heat revived memories of the devastating drought in the US last year, which slashed grain output and sent prices soaring. A

Corn posts biggest-ever two-day decline on big supply

Chicago corn prices experienced their biggest two-day drop on record, tumbling 12.6 percent, or 93 cents, as larger-than-expected U.S. stockpiles weighed on the market, causing hedge funds to sell heavily. Pressured by corn, Chicago wheat fell to its lowest nearby price in nine

Soy, Wheat Fall as U.S. Forecasts Ease Supply Concerns

Soybeans tumbled to a four-month low and wheat fell the most in a month after the U.S. raised its estimates for crop inventory including corn, easing concern over tight supplies following the worst drought since 1956. Soybean futures for January

USDA releases new Crop Production report

USDA released today its October Crop Production report which shows corn production down slightly from September forecast, soybean production up 9% and cotton production up 1%. Corn production is forecast at 10.7 billion bushels, down slightly from the September forecast and

US Drought: Corn, Wheat, Soybeans prices to go down

Corn, wheat and soybeans prices might have peaked after this summer drought in the US according to Macquarie Agricultural Funds Management, and it would take worsening weather elsewhere to push up futures. Corn is still up 16 percent this year