date:Jan 14, 2013
corn and soybeans, amid improving prospects for South American harvests. Brazil will reap a record soybean crop and Argentina the most corn ever, according to Bloombergs survey. All three crops are used in livestock feed and biofuels, with demand influenced by changes in relative costs.
Hedge funds and other speculators increased bearish bets on wheat by 61 percent in the week ended Dec. 31 and were the most negative on prices since May 15, U.S. Commodity Futures Trading Commission data show.