Chicago | Reuters –– U.S. soybeans were higher on Thursday, reversing from earlier losses as soymeal rallied on U.S. Department of Agriculture data showing the largest weekly soymeal sales in about 13 years. Wheat and corn prices were little changed as investors squared positions in relatively light dealings ahead of the Good Friday holiday, when […] Read more
U.S. grains: Soybeans jump on soymeal exports
USDA clears Monsanto, Syngenta corn traits
Chicago | Reuters — The U.S. Department of Agriculture (USDA) will no longer regulate a genetically-modified corn developed by Monsanto to resist dicamba herbicide, the agency said on Wednesday. The move by the agency’s Animal and Plant Health Inspection Service (APHIS), means it can now be planted without permits or any additional regulatory oversight from […] Read more
Zimbabwe farmers resist compensating evicted landowners
Harare | Reuters –– Zimbabwe’s plan to win back international funding by paying compensation to white farmers forced off their land faces a major snag: the black farmers expected to stump up the cash say they don’t have it. The new occupants working the land, many of who had few farming skills when they were […] Read more
ConAgra, Kellogg, Mars to label for GMOs in U.S.
Reuters — ConAgra Foods has joined other food giants in plans to use labels that disclose the presence of genetically modified organisms or GMOs in its food throughout the U.S. ConAgra and other food companies such as Campbell Soup and General Mills have decided to use such labels nationwide, finding it to be the easiest way […] Read more
CBOT weekly outlook: Beans choppy ahead of data, corn sideways
CNS Canada –– Chicago Board of Trade corn prices are set to trade sideways over the course of the week as the market awaits fresh news, but that staleness is in direct contrast with the turbulence in soybeans. Soybeans – “They’re going to trade pretty choppy,” said Terry Reilly at Futures International. Soybeans should feel […] Read more
U.S. grains: Soy, wheat, corn fall on profit-taking, dollar gains
Chicago | Reuters — U.S. grain and oilseed prices fell on Wednesday, with soybeans retreating from five-month highs as investors took profits and as a rising dollar made the commodities more expensive in global markets. Soybeans declined for the first time in six sessions, giving back a portion of their recent gains as harvest advanced […] Read more
Diesel prices seen staying lower
CNS Canada –– Diesel prices in Canada are expected to stay relatively cheap this spring despite some recent strength in the crude oil market. In a normal cycle, diesel prices would usually be on the move right now, but they have been mired at their current level for the last few months, according to Tom […] Read more
U.S. grains: Soy hits five-month high on technicals, fund buying
Chicago | Reuters — U.S. grain prices were mostly higher on Tuesday, with soybeans rising to their highest since October, on technical buying and worries that cold temperatures could damage crops in the southwestern portion of the Great Plains wheat belt. Corn and wheat trimmed earlier gains on light selling from technical traders and from […] Read more
Budget to boost ag research infrastructure, rural broadband
Funds to fix up Canada’s agricultural research stations and food safety labs and a new program to boost rural broadband coverage are among the nuggets for the farming sector in Tuesday’s federal budget. Overall, the Liberals’ first budget is based on $287.7 billion in revenues for 2016-17, against $291.4 billion in program expenses and $25.7 […] Read more
U.S. grains: Wheat jumps as colder weather threatens crop
Chicago | Reuters — U.S. wheat jumped as much as one per cent on Monday, led by gains in K.C. hard red winter wheat as extremely cold weather threatened to curb yields in parts of the southern U.S. Plains growing region already suffering from dry conditions. Wheat futures pared early gains on technical selling, keeping […] Read more
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