At the end of 2008/09, there will be more corn but fewer soybeans on
hand than analysts were expecting, USDA reported early Friday. With a
demand-driven, 45-percent year-over-year drawdown in U.S. corn ending stocks,
however, that market's bullish trend is expected to continue, according to DTN
Analyst Elaine Kub.
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Marcelo Favarao, agronomist and medium-sized farmer in western Parana
state in Brazil, says farmers in the country are seeking stability rather than
peaks and troughs. In the final installment of our three-part series we talk to
Favarao about farming in Brazil.
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If Federal Reserve Board interest-rate cuts have helped goose
commodity prices higher recently, increases in interest rates could help topple
them in the future, some economists say.
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House and Senate negotiators on Thursday declared they have a farm
bill that could see a final vote next week, but President Bush's key men on the
farm bill declared the president will veto the legislation.
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Scouting for the annual hard winter wheat tour came to an end
Thursday and the results were tallied and announced at the Kansas City Board of
Trade. The final estimate for the 2008 crop was 43.3 bushels per acre based on
stops in 388 fields.
See DTN Ag News. C^Full Story...
