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| Thurs 26th April 2012 | Unsubscribe | Edit subscription |
| Evening markets: weather fears help grains hang on to gains | |
Have markets got some more factoring in of disappointing South American corn, as well as soybeans? The downgrades for Argentine crops continued, this time at the hands of the Buenos Aires grains exchange, which reduced its estimate for the domestic soybean harvest to 43m tonnes, within the range of recent forecasts. What was more notable was a cut to 19.8m tonnes in its estimate for the corn harvest, below the US Department of Agriculture's forecast of a 21.5m tonne crop in the world's second-ranked exporter of the grain. | |
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