OVERVIEW: The grains and soybean markets put in a fairly steady performance overnight amid light to moderate volumes as traders allowed the dust to settle following Tuesday s active session. WHEAT: The wheat market looks set to be a show stealer again today as the market continues to get inundated with fresh news of countries looking to secure wheat supplies and more talk of drought limiting global output and further tightening world balance sheets that already have ending stocks projected...

Soybean acreage was slashed as farmers planted more corn, which reached a 10-year high in February, driven by record demand for ethanol and animal feed. When farmers were making planting decisions in early March, corn had gained 82 percent from a year earlier while soybeans were up 29 percent. Soybeans currently are too cheap to guarantee a large increase in global acreage, Feltes said. Prices earlier rose 50 cents, the maximum change allowed for one day by the exchange, to $8. Wheat is...

Soybean acreage was slashed as farmers planted more corn, which reached a 10-year high in February, driven by record demand for ethanol and animal feed. When farmers were making planting decisions in early March, corn had gained 82 percent from a year earlier while soybeans were up 29 percent. Soybeans currently are too cheap to guarantee a large increase in global acreage, Feltes said. Prices earlier rose 50 cents, the maximum change allowed for one day by the exchange, to $8. Wheat is...

Funk also noted that weather conditions, first from wet conditions earlier in the year in Missouri and parts of Iowa, and followed by drought in southern Indiana and Ohio, have led to greater concern which leads in higher prices, which then results in increased acreage. A federal reported issued Friday reported farmers planted 19% more corn this year than 2006, exceeding already high expectations. Fueled by high demand and high prices for the staple crop, farmers planted an estimated 92....

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Farmers and custom cutting crews made considerable wheat harvest progress over the last week, but remain well behind the normal pace for this time of year, according to Monday's USDA-NASS Crop Progress report. Corn and soybean crop conditions were unchanged and slightly improved, respectively, from the previous week. Wheat harvest remains behind pace; status quo for corn, soybean conditions. Other crop conditions, including for cotton, sorghum, oats and barley, were at or near the levels...