Can Soybeans Rebound Higher?

August 27, 2015 | Grain Hedge Insights | Cody Bills

In the overnight session the grains are trading higher with soybeans leading the charge up 14 1/2 cents, corn up 1 1/2 cents and wheat up 3/4 of a penny. The U.S. dollar index is trading 1/2 a percent higher and crude oil is up $1.33. This morning exporters sold 130,000 metric tons of new crop soybeans to unknown destinations making this the third reportable soybean sale this week. 

 

Last night the China market rallied over 5 percent in the last hour of trading after the government took...

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Weekly Outlook: A Review of USDA Crop Yield Forecasting Methodology

Weekly Outlook: A Review of USDA Crop Yield Forecasting Methodology

| Online Exclusive | Darrel Good and Scott Irwin

Even though a description of the NASS crop production forecast methodology is widely available, there always seems to be some misconceptions about how NASS makes corn and soybean yield forecasts. A brief overview of that methodology is repeated here. While this summary does not do full justice to the very comprehensive forecasting methodology, it is presented to assist in placing the upcoming yield forecasts in the proper perspective.

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