Recent News
9:16am Bernanke Comments
(Reuters) - Federal Reserve Chairman Ben Bernanke said on Friday the economic recovery has softened more than expected and the Fed is ready to take further steps if needed to spur the stumbling economy. "The committee is prepared to provide additional monetary accommodation through unconventional measures if it proves necessary, especially if the outlook were to deteriorate significantly," he said in remarks prepared for delivery at a Fed conference. Bernanke said the U.S. central bank's purchases of longer-term securities have been effective in lowering borrowing costs and that he believes the benefits of buying more ...
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1:17pm
Crop Tour-Central Indiana corn yield below 2009, soy pods up * Indiana corn yield above average but down from year ago * Soy pod counts higher than 2009, some fields yellowing * Corn, soy maturity ahead of normal; early harvest seen By Michael Hirtzer VEEDERSBURG, Indiana, Aug 17 (Reuters) - Corn yields in central and west-central Indiana were down slightly from a year ago, but soybean pod counts were up considerably, suggesting better-than-average yield potential, scouts on an annual crop tour said on Tuesday. Both crops were progressing much more quickly than last ...
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11:25am - Comments from Crop Tour
S.Dakota corn hurt by excess rain; soy looks good Eastern S.Dakota corn yields variable amid wet fields Corn more mature than normal, frost risk limited Soybean yields potential appears more consistent FREEMAN, South Dakota, Aug 16 (Reuters) - Heavy rains this spring and summer appeared to be taking a toll on corn yield potential in eastern ...
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Market Talk 08/13
Soybean rally linked to forecast of mostly dry weather over the central and South US Midwest over the next 2 weeks.
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Market Talk
Grain futures are trying to balance conflicting news. August US southern Midwest weather has been hot. This may have taken the top off the US 2010 corn crop. This plus higher export demand could offer support to Prices. Still, the speculative long is near record high and historically Could be tested going into the harvest. Some estimate US ...
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Market Talk
New concerns about the Russian summer wheat and oilseed crops due to This years drought has triggered more fund short covering in wheat and Net buying in soybeans. Some talk that over the next 2 weeks, C Illinois May miss most of the forecasted Midwest rains and heat Index could Touch 100F is helping corn and new ...
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Export Sales
Thursday morning the USDA will release their weekly export sales numbers at 7:30 am. We will release these estimates in our afternoon commentary.
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Egypt Meditrade Buys 20,000 Tons Of Soyoil
CAIRO (Dow Jones)--Egypt's state-owned General Authority for Supply andCommodities bought 20,000 metric tons of soyoil and 16,000 of sunflower oil in a tender through private intermediary Meditrate. Of the total, Meditrade bought 20,000 tons of soyoil. It bought 15,000 tons from Wataniya/Cargill and 5,000 tons from Alex Seeds. They were all at the price of 4,845 Egyptian pounds per ton ($850.3) for delivery in August, a Meditrate official told Dow Jones Newswires Wednesday. Meditrade also bought 16,000 tons of sunflower oil in the tender that ended late Tuesday. Of the total, it bought 6,000 tons from Toepfer for delivery in the first half of August and another 10,000 tons from Glencore International AG for delivery in the second half of August all for the ...
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