date:Feb 04, 2013
Compared to last week, grain and soybean bids traded moderately higher. Soybeans found support from uncertainty in South American weather as reports of dryness in some areas and heavy rainfall in others is believed to be pressuring harvest production.
Also strong soybean demand from China is helping to pressure global supplies. Wheat followed corn higher and persistent dryness in the Southern Plains helped to boost wheat.
Some areas of the Mid-section of the country saw significant rain, whil