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The October 9 WASDE report reshapes global crop balances, moving Chicago futures and prices for Brazil's and Argentina's soybeans, corn and wheat. The post US Crop Report Moves Brazil and Argentina Prices appeared first on The Rio Times.
Corn tumbled as much as 4.8% after the US Department of Agriculture raised its outlook for yield and production of the top American crop, when most analysts expected a cut.
Grain funds slipped as the dollar rose, with wheat down 2.31%. Brazil's soybean planting is behind last year, and USDA's WASDE report is due on Friday. The post Wheat Fund Falls 2.3% as Corn, Soy Also Slip | Grains, Oct 7 appeared first on The Rio Times.
Brazil shipped 5.21 million tonnes of corn in September, down 31% on a year earlier, as US farmers face a late harvest and US$5 corn. The post Brazil Corn Exports Drop 31% in September appeared first on The Rio Times.
The soybean fund fell 1.04% to US$27.68, corn 0.66% to US$19.70 and wheat 1.45% to US$25.86. Chicago settled November soybeans at US$13.04 a bushel. The post Grain Funds Fall Even as China Steps Up American Soybean Buying appeared first on The Rio Times.