1. A smaller crop estimate could reduce that even further, traders said. 2. But anticipation of increased soybean crop estimates in the USDA report kept a lid on gains. 3. Coffee surged after a U.S. inventory report and Brazilian crop estimate heightened concern that supplies could grow scarce later this year. 4. Corn futures fell on bearish crop estimates and forecasts for possible rain on dry fields east of the Mississippi. 5. Cotton is expected to fall after the USDA raised its crop estimate. 6. Corn prices were pushed down after Farmer Commodities Corp., released its crop estimate after the market closed yesterday. 7. In other markets, corn and soybeans jumped after government crop estimates fell short of expectations. 8. In previous years, the USDA filled the gap left by the Brazilian government, providing some of the most accurate crop estimates. 9. In September the USDA even bumped up its soybean crop estimates. 10. Kansas City and Chicago wheat futures prices closed mostly higher Wednesday on private crop estimates and possible export business. |