The market has already anticipated a smaller seeded acres than 2006, however if producers planted more acres to corn than previously thought, prices could push even higher. The tight world wheat stocks situation, leaves a bullish scenario for wheat values as the world should be aggressive buyers of newly harvested U. As the market perceives a smaller crop is being raised, the market will be forced to rally to ration the projected ending stocks. The month of June is not the key reproductive...

Issues facing the biodiesel industry include the high price for soy oil, the primary feedstock for biodiesel plants in Iowa, because of fewer acres planted to soybeans this year. Olson, who was senior marketing manager at the Iowa Soybean Association, said the board was created by demand from "the entire biodiesel chain" to promote biodiesel and work on industry issues and policies. They include biodiesel producers, petroleum marketers and soybean farmers. Producers and others point out...

Producers continued to irrigate corn _ which is at peak pollination _ where rain showers didn't provide enough moisture for corn. Irrigated fields rated 85 percent good or excellent, while 61 percent of dryland fields were in good or excellent condition, both above levels last year. Temperatures averaged 4 degrees below normal and ranged from highs in the mid 90s in the northwest to lows in the upper 40s in the northeast, the service's Nebraska Field Office said in its weekly report....

With the smaller seeded acres, the market will need a perfect growing season to be adequately supplied with inventory to meet the growing world demand. With the extreme volatility in today s marketplace, producers need to use options to manage their price risk and guarantee lofty price levels when they are available. Spring wheat, grown primarily in North Dakota, South Dakota, Minnesota, Idaho and Montana, is entering into its key yield-reproductive time frame and will be very sensitive to...

Both corn and soybeans need moisture during the crucial pollination stage, which for corn comes in mid-July and for soybeans in early August. Other commodities markets were mixed at midday, with industrial and precious metals mostly lower, while oil and gasoline futures moved in divergent directions. NEW YORK - Forecasts for cooler, wetter weather in the Midwest this week the conditions needed for a healthy crop of corn and soybeans triggered a sharp pullback in agriculture prices on the...