Market Watch

Following the recent sharp increases, corn and soybean prices are expected to trade in more of a sideways pattern, with a little weaker tone, according to University of Illinois Extension marketing specialist Darrel Good.
The USDA’s November Crop Production report reduced the forecast of the 2007 U.S. average corn yield from the October forecast. At 153 [...]

Prospects for a sharp decline in U.S. soybean stocks by the end of the 2007-08 marketing year suggest that an increase in U.S. soybean production, and therefore acreage, will be required in 2008, according to University of Illinois Extension marketing specialist Darrel Good.
That perceived need has provided underlying support to soybean prices. Some analysts have [...]

Corn and soybean yields in Champaign County, Illinois, have been better than expected and could approach record numbers, the Urbana Daily Citizen reports. Farmers are looking at 170 bushels per acre for corn and 55 bushels per acre for beans from the current harvest.