CNS Canada — Corn and soybean futures at the Chicago Board of Trade recorded losses during the week ended Wednesday, as expectations of massive crops and high yields edge closer to becoming a reality. “Since weather isn’t a major issue anymore, (traders) will be watching for potential record crop production sizes in the U.S.,” said […] Read more
CBOT weekly outlook: Yield prospects key for soybeans, corn
Clinton campaign studying alternative to U.S. ethanol mandate
Washington/San Francisco | Reuters — Democratic U.S. presidential candidate Hillary Clinton’s campaign has solicited advice from California regulators on how to revamp a federal regulation requiring biofuels such as corn-based ethanol be blended into the nation’s gasoline supply, according to campaign and state officials. The move is the clearest sign yet that, if elected, Clinton […] Read more
U.S. grains: Soybeans sag on weather, prospects for big crop
Chicago | Reuters — U.S. soybean futures declined on Tuesday as favorable weather in the Midwest bolstered expectations of a large crop, analysts said. Front-month corn futures on the Chicago Board of Trade fell to the lowest in nearly two years and wheat dipped below $4 a bushel for the first time in a decade, […] Read more
McDonald’s to remove corn syrup from buns
Reuters — McDonald’s Corp. will replace corn syrup in hamburger buns with sugar this month and has removed antibiotics that are important to human medicine from its chicken months ahead of schedule, it said Monday, moves that are part of its drive to target increasingly health-conscious consumers. The fast food company also said it eliminated […] Read more
U.S. grains: Soy tumbles on favourable weather
Chicago | Reuters — U.S. soybean futures slipped about four per cent on Monday as forecasts for favourable weather in the Midwestern crop belt prompted investors to liquidate long positions, traders said. Corn and wheat followed soybeans lower, and declines in the energy sector pressured the broader commodity sector. The 19-market Thomson Reuters CoreCommodity CRB […] Read more
IGC raises 2016-17 global wheat, corn forecasts
London/ Reuters – The International Grains Council has raised its forecasts for global corn production in the 2016-17 season, largely reflecting improved crop prospects in the United States. World corn (maize) production was upwardly revised to 1.017 billion tonnes, up from a previous projection of 1.003 billion and the prior season’s 968 million. “Better crop prospects […] Read more
U.S. grains: Soy surges on short-covering on way to huge monthly loss
Chicago / Reuters – U.S. soybeans surged as much as 2.8 per cent on Friday, reversing earlier losses in a rally sparked by U.S. data showing improved export demand, traders and analysts said. Corn futures were narrowly higher and wheat mostly lower. All three commodities notched steep monthly losses on the final trading day of […] Read more
U.S. grains: Corn, soy ease as investors eye big U.S. harvests
Chicago / Reuters – U.S. corn and soybean futures fell one per cent or more on Thursday, pressured by ample existing supplies and largely favourable growing conditions that will likely lead to huge harvests this fall, traders and analysts said. Chicago Board of Trade corn futures led the declines, with technical selling weighing further after prices […] Read more
Ontario soybeans, corn suffer under ‘heat dome’
Commodity News Service Canada – While Saskatchewan and Manitoba farmers wish the rain would go away, some Ontario farmers are wishing it would pour. “We’ll trade some nice, hot, dry, sunny weather for your water and rain,” said Jeff Barlow, a director with Grain Farmers of Ontario who farms in the southern part of the province. […] Read more
U.S. grains: Soy extends gains on short-covering, weather worries
Chicago / Reuters – U.S. soybean futures gained for the second straight session on Wednesday on short-covering and worries about dry weather conditions in the key crop development month of August, traders and analysts said. Corn futures also rose at the Chicago Board of Trade, primarily on bargain buying, while wheat was narrowly lower. CBOT soybeans […] Read more
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