Department of Agriculture will cut its good-to-excellent ratings for spring wheat in its weekly crop progress report, traders said. wheat futures dropped sharply Monday on spillover pressure from limit-down moves in the neighboring corn and soybean markets, traders said. Spillover pressure from the neighboring markets triggered sell stops in wheat, which drove prices deep into negative territory, they said. Further heavy losses for CBOT corn and soybeans could weigh on wheat, although a...

On the other hand, because corn usage will be record large during the next marketing year, a national average yield below 150 bushels will quickly create a tight supply situation. So why are soybean prices in a freefall? Because when futures were above $9, this market was overbought from both a technical and fundamental perspective. Even with national average yield of say 42 bushels, the supply situation for soybeans will change dramatically from this year to the next marketing year. All...

New Delhi, July 16 The Agriculture Minister, Mr Sharad Pawar, weathering allegations over wheat imports, today said the government will continue purchases from abroad even if the price was high but not compromise on quality in its quest to build stockpiles. New Delhi, July 16 The Agriculture Minister, Mr Sharad Pawar, weathering allegations over wheat imports, today said the government will continue purchases from abroad even if the price was high but not compromise on quality in its quest...

When and if conditions "dry out" after the holiday week, producers should keep some things in mind, says a Texas Cooperative Extension wheat expert. Though 2007 will go down as a great Texas wheat crop, continued rain had put harvest efforts behind schedule at the Fourth of July holiday break. Producers who in the past planted wheat primarily as a forage crop for livestock may have opted for cheaper seed. However, the many weeks of continued rain could create seed quality issues. But...

So far, Roose said he has heard no reports of price protection being implemented on corn and soybeans in the country, though it wouldn't surprise him if some protection developed on soybeans. Elevators and processors will often adjust their cash prices to protect them in the event of a sharp drop in the futures markets and to try and prevent any panic selling that might ensue. An expected break in the futures market may keep cash grain movement to a trickle Monday, as futures prices react...