Home / News / Crops news / SA planting pace may boost corn, soy

SA planting pace may boost corn, soy

10/26/2012 @ 9:25am

Corn and soybean futures prices don't accurately reflect production risks in South America, where planting has had a slow start, Rabobank says.

While it's still possible USDA's "optimistic" production estimates for South America will be realized, the region's weather conditions need to improve "to near perfect," firm says.

Supply uncertainty comes as continued strong demand increases the need for record production in South America. Rabobank still sees record high South American soy production and Brazilian corn output, but says if record crops don't materialize, both corn and soybean futures will hit record highs.

CBOT December corn was up 2c to $7.44 a bushel early Friday; November CBOT soybeans were down 3 1/4c to $15.60 3/4.

ian.berry@dowjones.com; @enberry)

Call us at (212) 416-2181 or john.shipman@dowjones.com

(END) Dow Jones Newswires

October 26, 2012 10:16 ET (14:16 GMT)

DJ MARKET TALK: South America Planting Pace May Boost Corn, Soy->copyright


CancelPost Comment

USDA: Reporting Hog Deaths Required By: 04/18/2014 @ 10:45am The U.S. Department of Agriculture said Friday it will require the pork industry to report…

Wheat Futures Rise as Cold, Drought Threaten… By: 04/17/2014 @ 3:51pm Wheat futures rose for the third time in four sessions on speculation that cold weather earlier…

Ukraine Upheaval Sparks Business Concerns By: 04/17/2014 @ 1:22pm Escalating military action and sanctions are forcing executives around the globe to map out…

This container should display a .swf file. If not, you may need to upgrade your Flash player.
Big Picture: CME Trading Weather