US grain and soybean futures finished almost unchanged on Friday after the price surge on Thursday on the smaller harvests estimates. Corn was up half a cent, at the Chicago Board of Trade corn was about US$7.14 (€4.966) a bushel. Soybean for November rose three cents to US$13.34 (€9.277) a bushel.
Traders were surprised after the deeper cuts in the output forecast by the US Department of Agriculture. The USDA slashed its corn production forecast to 4.1 percent and its July forecast for soybean to 5.2 percent. Rains will be beneficial this coming months to the crops. Read more ...
This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers
Traders were surprised after the deeper cuts in the output forecast by the US Department of Agriculture. The USDA slashed its corn production forecast to 4.1 percent and its July forecast for soybean to 5.2 percent. Rains will be beneficial this coming months to the crops. Read more ...
This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers
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