Light showers in nearly all of the US Midwest crop belt and cooler temperatures this week will help stabilise deterioration of corn and soybean plants that have already been severely harmed by the worst drought in more than a h
World food prices eased in April after rising in the first quarter of this year, the United Nation's food agency said, but inflation worries are still simmering as soybean prices climb.
Record high food prices last February helped to
When China abandoned its soybean self-sufficiency quest almost 20 years ago and started importing the oilseed feeding its hunger for livestock, it almost single-handedly transformed the industry. Today, it's poised to do the same for corn.&nbs
US wheat futures started 2011 with a new five-month high on Monday as floods in Australia hampered grain shipments and reinforced the global supply concerns that had sent grain markets surging last year.
In 2010 Chicago wheat posted its fi
The US Agriculture Department is expected to raise its already record forecast for soybean production and also push up corn output near a record.
The department is scheduled to provide updates of forecasts for the coming harvest tomorrow.
The US soybean stockpile will shrink to less than a three-week supply before this fall's harvest, and voracious demand around the world is also thinning US wheat supply, the government said.
Grain and soy futures prices rose on the Chicago
Hot weather in August cut the yield potential of Indiana's soybean crop, but prospects for the state's corn were roughly the same from a year ago.
Scouts on the 2007 John Deere Pro Farmer Midwest Crop Tour projected the state's average num