1. Cotton prices fell amid expectations that farmers will start selling their crop as the harvest progresses in the southeastern U.S. and starts in West Texas. 2. Meanwhile, traders awaited a USDA report of harvest progress, which will be released after markets close today. 3. Now, farmers are selling bushels to hedge against further moves in the market as the harvest progresses. 4. Recent activity in the cash market at elevators and warehouses suggests supplies are slim even as the harvest progresses, traders said. 5. Soybean futures fell on Brazilian soybean harvest progress and on forecasts for beneficial U.S. crop weather. 6. The report was to provide an update on harvest progress. 7. The USDA will issue its weekly report on harvest progress after trading today. 8. Towering thunderheads, already visible outside the scale house window, seemed to guarantee little harvest progress that day. 9. Wheat futures were pressured partly by end-of-the-month profit-taking and harvest progress. 10. By contrast, the outlook for rain in Brazil was seen as supporting prices because it could continue to damage crop conditions and delay harvest progress there. |