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Soybeans Close Almost 9¢ Lower Wednesday

Corn and soybeans fell Wednesday on speculation that farmers will wrap up the harvest earlier than normal thanks to persistent dry weather and amid some negative trade news.

Harvest pace is already ahead of the five-year average, the U.S. Department of Agriculture said in a Monday report. About 75% of the U.S. corn crop was harvested as of Sunday, topping the average of 68% for this week and well ahead of the 59% that was collected at this time a year ago.

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Corn, Soybeans Lower Due to Early Harvest

Corn and soybeans were lower at midday amid speculation that farmers will wrap up the harvest earlier than normal thanks to persistent dry weather and on a lack of export news to help futures move higher.

Harvest pace is already ahead of the five-year average, the U.S. Department of Agriculture said in a Monday report. About 75% of the U.S. corn crop was harvested as of Sunday, topping the average of 68% for this week and well ahead of the 59% that was collected at this time a year ago.

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3 Big Things, October 23

A stronger dollar could hurt demand in the Midwest, Europe's economy is affecting farmers in the U.S., and rain will be seen over the weekend.

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3 Big Things Today, Oct. 20

Corn, Soybeans Rise as Yields Disappoint

Corn and soybeans gained overnight on speculation that the U.S. crop isn’t as good as some had hoped.

The corn harvest was 59% complete as of Sunday while 77% of soybeans were collected, both within analyst expectations.

Yields early in the season in southern states were disappointing, but were expected by growers, analysts and traders to improve as the harvest moved north. While yields have improved slightly from those early numbers, they’re not as good as some had forecast.

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An Attack on Ethanol

Environmental groups and Big Oil are teaming up against ethanol, or more specifially the Renewable Fuels Standard.

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3 Big Things Today, October 13

Corn, Soybeans Gain Overnight as Yields Disappoint 

Soybeans rose overnight and corn was little changed on speculation that yields aren’t going to be as good as some thought.

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3 Big Things Today, Oct. 6

Soybeans Fall as Harvest Speeds, USDA Report Approaches

Soybeans declined after a government report yesterday showed farmers are harvesting the oilseeds much faster than they’re collecting corn, which was little changed in overnight trading.

About 42% of soybeans were collected as of Sunday, double what was harvested just seven days earlier, the U.S. Department of Agriculture said in its weekly Crop Progress report. Corn harvest was 27% finished, up from 18% the prior week, according to the government.

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