Dec. 29, 2010 at 3:07 p.m.
Filed under:
Exchanges,
Stock activity
By Reuters
U.S. soybean futures ended lower on Wednesday in a profit-taking setback, retreating from more-than-two-year highs, while a weaker dollar and persistent supply worries continued to underpin prices and helped lift corn and wheat.
The losses in Chicago Board of Trade soybean futures marked the first time in eight sessions that the market lost ground. Soybeans have been rallying on concerns over hot and dry weather in major exporter Argentina. Corn futures also are garnering fundamental support from the detrimental crop weather there. Get the full story »
Nov. 5, 2010 at 6:07 p.m.
Filed under:
Agriculture/Farming,
Chicago executives,
Food
By Reuters
Bunge North America, a division of agribusiness giant Bunge Ltd., said it bought Indiana-based Morristown Grain Co Inc, which includes two grain elevators in Morristown and Rushville. Get the full story »
Nov. 2, 2010 at 10:50 a.m.
Filed under:
Agriculture/Farming,
Food
By Reuters
Late soybean seeding in Brazil due to adverse planting weather will delay the harvest in the key soybean exporting country and bolster U.S. exports of the oilseed, the vice chairman of U.S. agricultural processor Archer Daniels Midland said on Tuesday. Get the full story »
Oct. 27, 2010 at 6:03 a.m.
Filed under:
Agriculture/Farming,
Food
By Associated Press
Americans love their beef, but with prices expected to remain high for the next few years and other options plentiful, their loyalities might be challenged.
Average retail prices of beef have climbed from $4.18 per pound in July 2009 to $4.44 per pound last July, a change largely due to a tight supply of cattle. Ranchers and feedlots have reduced supplies in response in large part due to rising prices of corn and soybeans fed to cattle, economists said. Get the full story »
March 31, 2010 at 10:43 a.m.
Filed under:
Agriculture/Farming
Soybeans being harvested in Argentina, March 29, 2010. (AP Photo/Diego Giudice)
Associated Press | U.S. farmers will plant a record soybean crop this year while also boosting corn acres by 3 percent, according to an Agriculture Department estimate. The increases could boost year-end reserves of the major food crops and ease fears of food shortages after high demand from the ethanol industry and overseas consumers drew down supplies two years ago.
Crop futures fell Wednesday morning on the Chicago Board of Trade after the USDA estimate was released. Soybeans for May delivery fell 38 cents, or 3.9 percent, to $9.36 a bushel, and corn was down 8.5 cents, or 2.4 percent, to $3.46 a bushel. Wheat fell 10.5 cents, or 2.2 percent, to $4.615 a bushel.
