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Thursday, October 11, 2012

GRAINS-Soybeans at 1-week low on improving outlook for U.S. crop | Reuters

GRAINS-Soybeans at 1-week low on improving outlook for U.S. crop
| Reuters



Updates U.S. market activity to close, adds fund totals)
    By Michael Hirtzer
    CHICAGO, Oct 10 (Reuters) - U.S. soybeans fell 1.7 percent
on Wednesday, one day before a government report is expected to
raise the size of the crop in the United States and may close
the door on the drought rally that began in June.
    Corn futures declined to their lowest level in nearly two
weeks as a rising dollar pressured a swath of commodities. Wheat
futures rose modestly, paring gains as the dollar touched a
one-month high against a basket of global currencies.
    The U.S. Agriculture Department in its monthly supply and
demand report due early Thursday is widely expected to raise its
forecast for the U.S. soybean crop and trim stockpile estimates
for corn and wheat.

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