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Syngenta Ag (NYSE:SYT): The U.S. Department of Agriculture had the soybean production forecast reduced by 58 million to 2.634 billion bushels because of minimized yields in the Midwest, its monthly World Agricultural Supply and Demand Estimates report indicates. According to the USDA, U.S. oilseed production for 2012-2013 is predicted to drop 1.4 million from last month, at about 82 million tons, as the lower production of soybean and cottonseed is only partially offset by an rise in peanut demand.The USDA predicted that 2012-2013 corn supplies will be 108 million bushels more than its previous report, while a rise in forecasted beginning corn stocks more than offsets reduced production this month. The USDA’s predicted range for corn season-average farm price saw a reduction of 30c on both ends of its range to $7.20-$8.60 per bushel. The shares closed at $71.51, up $0.08 or 0.11% on the day. They have traded in a 52-week range of $49.13 to $71.59.
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Trc Companies (NYSE:TRR): CEO Chris Vincze stated, “Our results in FY12 demonstrate that TRC is well positioned for further margin improvement and continued growth. We have the financial flexibility to execute our two-pronged profitable growth strategy. The first element of our strategy focuses on organic growth through national programs centered on key accounts and service bundling, such as our RE Power offering. The second element is targeting acquisitions that enhance our portfolio of services and continue geographic expansion, particularly in our Energy and Environmental segments. We are encouraged by our prospects as we enter FY13.” The shares closed at $6.72, down $0.98 or 12.73% on the day. They have traded in a 52-week range of $2.48 to $7.76.
U.S. Bancorp (NYSE:USB): Today, the Federal Deposit Insurance Corp. will reveal to the public that nearly 8 percent of U.S. households mange their finances without a bank, according to Census-based data, the Wall Street Journal reports. The 8.2 percent shows a rise from 7.7 percent in 2009. Additionally, 24 million households have been labeled by the government as “underbanked,” and they have a bank account but continue to work outside of the formal banking system via the use of payday loans, prepaid cards, along with other means, discovered by the FDIC. The shares closed at $33.94, down $0.1 or 0.29% on the day. They have traded in a 52-week range of $21.84 to $34.17.
Weyerhaeuser Company (NYSE:WY) believes there are much higher sales realizations for OSB. The company states that sales realizations for lumber have not been softened as it normally is. The shares closed at $26.31, up $0.47 or 1.82% on the day. They have traded in a 52-week range of $14.82 to $25.87.
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