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Soybeans
November soybeans ended 9 3/4 cents lower at USD10.62; December soymeal closed USD3.50 lower at USD295.80; December soyoil settled 0.04 cents lower at 43.78. The market is nervous ahead of Friday's USDA report. Analysts are predicting the final yield at 44.9bpa and a 3.475 billion bushel crop. That's up on last month's USDA figures of 3.359 with a yield of 44.7bpa.
Corn
December corn ended 2 1/2 cents lower at USD4.88 1/2 a bushel; March corn ended 2 1/2 cents lower at USD4.99 1/4 a bushel. Private exporters reported that South Korea bought 116,000 MT of US corn. Ahead of Friday's USDA report the range of trade guesses are 158.2-162.1bpa with an average of 160.1bpa. The USDA said 162.5bpa last month. Lanworth Inc today placed yields at 158.3bpa, with a crop of 12.953 billion bushels, compared with 13.16 billion projected by the USDA last month.
Wheat
CBOT Dec wheat ended down 5 1/4 cents at USD6.58 1/4 a bushel; KCBT Dec wheat fell 3 1/2 cents to USD6.97 1/2 a bushel; MGEX Dec wheat closed 6 3/4 cents lower at USD7.05 1/4. Warmer and drier than normal temperatures are holding back US winter wheat plantings. Kansas, the main grower of HRW, was 45% planted as of Sunday, behind their five year average by 8 points. It remains too dry in Western Australia, where the nation's wheat belt received less than 50% of normal rainfall in September, say QT Weather.
November soybeans ended 9 3/4 cents lower at USD10.62; December soymeal closed USD3.50 lower at USD295.80; December soyoil settled 0.04 cents lower at 43.78. The market is nervous ahead of Friday's USDA report. Analysts are predicting the final yield at 44.9bpa and a 3.475 billion bushel crop. That's up on last month's USDA figures of 3.359 with a yield of 44.7bpa.
Corn
December corn ended 2 1/2 cents lower at USD4.88 1/2 a bushel; March corn ended 2 1/2 cents lower at USD4.99 1/4 a bushel. Private exporters reported that South Korea bought 116,000 MT of US corn. Ahead of Friday's USDA report the range of trade guesses are 158.2-162.1bpa with an average of 160.1bpa. The USDA said 162.5bpa last month. Lanworth Inc today placed yields at 158.3bpa, with a crop of 12.953 billion bushels, compared with 13.16 billion projected by the USDA last month.
Wheat
CBOT Dec wheat ended down 5 1/4 cents at USD6.58 1/4 a bushel; KCBT Dec wheat fell 3 1/2 cents to USD6.97 1/2 a bushel; MGEX Dec wheat closed 6 3/4 cents lower at USD7.05 1/4. Warmer and drier than normal temperatures are holding back US winter wheat plantings. Kansas, the main grower of HRW, was 45% planted as of Sunday, behind their five year average by 8 points. It remains too dry in Western Australia, where the nation's wheat belt received less than 50% of normal rainfall in September, say QT Weather.
