Saturday, September 3, 2011
Corn makes biggest gains amid Friday’s recovery
Spillover support from corn and solid commercial interest invigorated buying of soybean futures Friday. Contracts recovered almost half of Thursday’s losses. Increased talk of lower soybean yields should limit selling interest. The eastern Midwest heat wave on top of drought conditions will continue to hurt soybean yields. FC Stone and Lanworth both lowered their yield estimates to 41.05 bushels to the acre and 40 bushels to the acre respectively. Each is below USDA’s estimate. Some
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