date:Aug 21, 2013
wn from the 81% five-year average but up from 58% the previous week.
The market was preoccupied with the possibility that a spate of hot, dry weather predicted this week for the Western Corn Belt might have a negative effect on the soybean crop as it continues to set pods. Jerry Gidel, chief feed grain analyst for Rice Dairy in Chicago, said 35% to 40% of the soybean crop was growing on land where rainfall had been well below normal in the last month. He also noted that old-crop supplies were e