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7. Area farmers doubling up
Producers can commonly double-crop wheat with soybeans, which means they can plant soybeans right behind the wheat harvest in the same field, and the price of soybeans has soared to as high as $10 per bushel. Next year's soybeans could perform like this year's corn, which was planted in record acreage because of the demand for ethanol. LaFoe and Mulhern said wheat and soybeans also generally have lower input costs that other crops, such as corn and cotton. But that's not the only reason...
Source11/6/2007


8. Color the Harvest Green
Scores of businesses that serve the agriculture sector are also benefiting, especially railroads, trucking and ports, as well as farm equipment makers and construction companies. And it'll last years as demand grows for farm products such as corn, wheat, soybeans, milk, meat and poultry and fresh produce, among others. It's creating high demand and high prices for major crops, "with the resulting increases in farm income ultimately equating to optimism around equipment sales. Acting...
Source11/7/2007


9. Allendale Early Calls: Cattle Steady, Corn & Wheat Down
China Dalian Exchange corn, and palm oil close lower while soybean meal, soybean oil, non GMO soybeans and soybean close higher. One very small strong stopper, 4 contracts (commercial buyer) Hungary wants to build grain reserves. Allendale Early Calls: Cattle Steady, Corn & Wheat Down. Allendale Early Calls: Cattle Steady, Corn & Wheat Down. Malaysian Palm oil futures close down 71 ringgit on the slide of US crude oil to 96 dollars per barrel as Saudi Arabia said OPEC would look at raising...
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10. Corn, soybean yields good considering the dry summer
Compared to the last few years the corn yields were down 20 to 25 percent while the soybeans yields have been up and down for the past several years. The yields averaged 140 bushels per acre on corn and in the lower 40 bushels per acre for soybeans. In fact, Dubbelde indicated that the number of acres of corn planted in the area was up 20 to 25 percent. As the growing season progressed this year it was obvious to anyone driving along the county roads that more corn was planted than...
Source


11. Gold Dips As Traders Book Profits
NEW YORK Gold prices pulled back slightly from 27-year highs Friday as some investors paused to cash in profits ahead of the weekend after five straight days of gains. The precious metal soared well above $800 an ounce for the first time since 1980 as the dollar has plummeted versus rival currencies. It also encourages foreign investors to buy the dollar-denominated metal, because the cost is not as high for those with stronger currencies. Still, its 32 percent climb this year and 3.2...
Source11/8/2007


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