Chicago | Reuters — U.S. soybean, corn and wheat futures rose on Friday on bargain buying after all three commodities posted sharp declines on Thursday. Soybeans led the gains, with the most-active contract rising 2.6 per cent. Underpinning soy were hopes that the U.S. exporters will continue to pick up overseas demand even as harvest […] Read more
U.S. grains: Soy surges as export hopes rise
U.S. grains: Profit-taking sparks sharp drop in soybeans
Chicago | Reuters — U.S. corn and soybean futures fell on Thursday, with soy dropping two per cent, on profit-taking by investment funds looking to lock in gains from recent rallies. Wheat futures slid 1.8 per cent to their lowest since mid-April, pressured by reports of strong crop prospects in the U.S. Plains and weak […] Read more
CBOT weekly outlook: Soy, corn consolidating
CNS Canada –– Soybean futures at the Chicago Board of Trade appear to be running out of room to the upside, and are now consolidating after posting sharp gains through March and April. “A lot of positive news has now been discounted,” said Rich Feltes, vice-president of research at RJ O’Brien in Chicago, noting export […] Read more
U.S. grains: Soy, wheat firm on bargain buying
Chicago | Reuters — U.S. wheat and soybeans firmed on Wednesday, reversing overnight losses, on technical buying and a mild round of short-covering, traders said. Corn futures weakened, with buyers wary of pushing prices higher amid a swift pace of planting in the U.S. Midwest. Sharp declines on Tuesday caused investors to step in and […] Read more
U.S. EPA pulls back report saying glyphosate not likely carcinogenic
Chicago | Reuters — The U.S. Environmental Protection Agency on Monday pulled a report offline that concluded glyphosate is not likely to be carcinogenic to humans, saying the document was inadvertently published and the agency had not finished its review of the chemical, a key ingredient in Monsanto’s Roundup herbicides. The 86-page report, seen by […] Read more
U.S. grains: Profit-taking sparks sell-off
Chicago | Reuters — Chicago Board of Trade corn, soybean and wheat futures fell on Tuesday, pressured by a round of profit-taking and technical sales, traders said. Soybeans set back from a 15-month high hit during the overnight session while corn and wheat faced resistance after failing to take out last week’s peaks, sparking a […] Read more
U.S. grains: Soybeans rally on soymeal strength
Chicago | Reuters — U.S. soybean futures rallied on Monday, piggybacking on sharp gains in the soymeal market, while corn and wheat futures were steady to weaker. “Beans were down early… but came roaring back higher, led by the meal (again), and backstopped by a weaker U.S. dollar,” Charlie Sernatinger, global head of grain futures […] Read more
Cuba backtracks on food reforms as conservatives resist change
Havana | Reuters –– Cuba decided at a secretive Communist Party congress last week to reverse market reforms in food distribution and pricing, according to reports in official media, reflecting tensions within the party about the pace of economic change. President Raul Castro unveiled an ambitious market reform agenda in one of the world’s last […] Read more
U.S., European trade negotiators battle political headwinds
New York | Reuters — Facing deeply entrenched differences and political headwinds, the top negotiators trying to reach a sweeping U.S.-European free trade deal avoided agriculture, public procurement and other thorny issues in talks this week. Instead, Assistant U.S. Trade Representative Daniel Mullaney and European Commission lead negotiator Ignacio Garcia Bercera said on Friday they […] Read more
U.S. grains: Corn rallies on export demand
Chicago | Reuters — U.S. corn futures rose 1.9 per cent on Thursday, with concerns about crops in South America spurring export demand for U.S. supplies, traders said. Soybean futures closed lower despite strong exports, with traders locking in profits after prices rallied to their highest since August. Wheat futures were mixed, with benchmark soft […] Read more
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