LONDON , July 27, 2014 (Bloomberg): Soybeans fell in Chicago, extending a weekly loss, on the outlook for an ample US harvest. Corn was little changed, and wheat rose.
Yields in Iowa, among the biggest US soybean growers, may rise to records this season as cool temperatures boosted plant development, according to estimates from Doane Advisory Services, which toured fields this week. Showers in parts of the Midwest and Northern Plains yesterday were "more extensive than expected," Commodity Weather Group LLC in Bethesda, Maryland, said today in a report, adding to signs that dryness is easing.
"There's the continued perception that there are no growing season problems," William Fordham, the owner of C&S Grain Market Consulting in Ohio, Illinois, said in a telephone interview. "There doesn't seem to be an urgency for anyone to be a buyer of grains right now."
Soybeans decline on prospects for ample US Supply
FE Team | Published: July 28, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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