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CHICAGO, Oct 14 (Reuters) — Spot basis bids for soybeans fell at some processing facilities in the US Midwest on Wednesday because active harvesting was providing an increase in fresh supplies, grain dealers said. Corn basis bids rose at some processing facilities as farmers have focused on harvesting soybeans before c
CHICAGO, Oct 13 (Reuters) — US farmers have harvested 44% of the nation's soybean crop and 38% of corn, analysts said ahead of the US Department of Agriculture's weekly crop progress report on Tuesday. Reuters polled 10 analysts about harvest progress, crop ratings and winter wheat plantings. Farmers have taken advanta
Chicago corn traded near its highest level since Sept. 30, supported by concerns over declining US crop conditions. Soybeans also gained ground, while wheat saw little change amid ongoing Black Sea supply disruption fears.
Chicago wheat futures seen up 5-7 cents, corn up 3-5 cents and soybeans up 7-9 cents at the open on Tuesday, traders said. Wheat extended a rebound after nearing a seven-week low, supported by concerns over Black Sea export disruptions. Corn and soybeans also strengthened.
US farmers have harvested 23% of their corn and 25% of their soybeans, below the average pace over the past five years, the US Department of Agriculture said on Monday. Weather forecasts call for dry weather for much of this week across the central US, which could help improve the pace of harvest.