Chicago | Reuters –– Bayer AG’s crop science division apologized on Monday for a tweet that suggested reduced meat demand could benefit the environment, in a bid to appease outraged farmers who buy the company’s seeds and chemicals. The tweet, published on the official Bayer CropScience (@Bayer4crops) account on Sunday, linked to a Vox.com article […] Read more
Bayer crop unit apologizes to farmers after Twitter gaffe
U.S. grains: Corn sags as forecast rains trigger long liquidation
Chicago | Reuters –– U.S. corn futures fell nearly four per cent on Monday and soybeans also weakened on forecasts calling for much-needed rains in the U.S. Midwest, traders said. Wheat was pulled lower by corn and soy while remaining under pressure from progress in the U.S. winter wheat harvest. At the Chicago Board of […] Read more
U.S. grains: Corn, soy climb on weather jitters ahead of weekend
Chicago | Reuters — U.S. corn futures rose nearly three per cent on Friday and soybeans more than two per cent on broad strength in commodities and uncertainty about Midwest crop weather, analysts said. Wheat followed the higher trend, rebounding on bargain buying after a six-session slide. At the Chicago Board of Trade, July corn […] Read more
U.S. grains: Soy, corn sag on improving weather outlooks
Chicago | Reuters — U.S. soybean and corn futures fell on Thursday as funds liquidated long positions on improving U.S. weather forecasts and broad weakness in commodity and equities markets, analysts said. Wheat followed the lower trend, pressured by the expanding U.S. winter wheat harvest and plentiful world stockpiles. At the Chicago Board of Trade, […] Read more
MP calls for mandatory GMO labels, echoes Vermont regulations
CNS Canada — A Quebec MP has tabled a new bill calling for mandatory labelling of genetically modified (GM) foods, following steps taken by lawmakers south of the border. Pierre-Luc Dusseault, the New Democrat MP for Sherbrooke, introduced Bill C-291 Tuesday morning, calling for the mandatory labelling of genetically engineered (GE) foods in Canada. Dusseault […] Read more
CBOT weekly outlook: Bull still needs to be fed for corn, soy
CNS Canada — Fund money pulled soybean and corn futures at the Chicago Board of Trade (CBOT) to their highest levels of the past year in recent weeks, but profit-taking at the highs tempered gains as traders look for more fundamental reasons to keep the rally going. “It’s all about the weather, La Nina and […] Read more
U.S. grains: Corn, soy retreat on rain in Midwest, profit-taking
Chicago | Reuters — U.S. corn and soybean futures eased on Wednesday after better-than-expected rains fell in the Midwest crop belt, prompting investors to take profits after recent highs, analysts said. Wheat futures also declined, pressured by the expanding U.S. winter wheat harvest and plentiful global stocks. At the Chicago Board of Trade, soybeans for […] Read more
Report finds ethanol, bioenergy no threat to food security
New York | Reuters — Bioenergy produced from crops does not threaten food supplies, researchers funded by the U.S. government, World Bank and others said in a report Tuesday, dealing a potential blow to critics of the country’s biofuels program. There is no clear relationship between biofuels and higher prices that threaten access to food, […] Read more
U.S. grains: Corn rallies on weather worries
Chicago | Reuters –– U.S. corn futures rose 1.5 per cent on Tuesday, rallying from early weakness as updated weather forecasts raised the risk of stressful hot and dry conditions in the Midwest crop belt. Soybean futures were mixed, with favourable crop ratings pressuring deferred contracts. Wheat futures fell, dragged down by the expanding U.S. […] Read more
U.S. livestock: Cattle limit down on feed costs, demand worries
Chicago | Reuters — U.S. live and feeder cattle futures each plummeted by their daily trading limits on Monday, declining in a technical selloff triggered in part by rising feed prices, traders and analysts said. Losses in feeder cattle of roughly three per cent outpaced declines in the more actively traded live cattle futures at […] Read more
Cyber-Savvy Farmer
