Chicago | Reuters — U.S. corn rose about 1.7 per cent on Monday as commodity funds extended net long positions on forecasts for potentially stressful hot weather in the Midwest and the Mississippi River Delta, traders said. Soybeans and wheat turned lower, retreating from early advances. Soybeans fell on profit-taking after the spot contract on […] Read more
U.S. grains: Corn climbs on weather worries, soybeans retreat
Bayer ex-CEO reportedly opposed Monsanto deal
Frankfurt | Reuters — Bayer ex-chief executive Marijn Dekkers opposed the company’s plans for a US$62 billion takeover of U.S. seeds firm Monsanto, German magazine Der Spiegel reported. Dekkers warned Bayer non-executive board chairman Werner Wenning against going ahead with the offer, Der Spiegel said in an excerpt of an article to be published on […] Read more
Bayer waiting for Monsanto to engage after spurned bid
Reuters — Monsanto, the world’s largest seed company, has still not opened its books more than two weeks after it rejected Bayer AG’s US$62 billion acquisition offer but left the door open to a possible deal, according to people familiar with the matter. The impasse shows that little progress in negotiations has been made since […] Read more
U.S. grains: Soybeans notch longest bull run in 43 years
Chicago | Reuters — U.S. soybean futures rose for the ninth straight week, the longest bull run in 43 years, on expectations that crop problems in Brazil and Argentina will steer more export business to the U.S. The U.S. Department of Agriculture (USDA) confirmed increased demand in a monthly crop report that raised the government’s […] Read more
China’s COFCO Agri hiring grain traders, opening Winnipeg office
Winnipeg | Reuters –– Chinese state-owned agricultural trader COFCO Agri is opening a trading office in the Canadian grain hub of Winnipeg, adding to the aggressive expansion of its North American agriculture business. COFCO Agri is hiring three grain traders and an operations manager to expand export and domestic trading, according to the company’s postings […] Read more
Wheat crops excel in Ontario
CNS Canada — Ontario wheat producers are having a great start to the season, with healthy crops doubling in acreage from last year, according to a provincial cereals specialist. “Winter wheat crop this year is looking excellent,” said Joanna Follings, who works for the Ontario ministry of agriculture in Guelph. “We have some disease pressures […] Read more
U.S. grains: Wheat, corn ease on profit-taking
Chicago | Reuters — U.S. wheat and corn fell about one per cent on Thursday as traders locked in profit after the previous session’s multimonth highs and ahead of a U.S. Department of Agriculture supply and demand report due on Friday. Soybean prices were narrowly mixed at the Chicago Board of Trade, holding near the […] Read more
CBOT weekly outlook: Corn, soy likely to decline in wake of USDA reports
CNS Canada — Corn and soybean markets at the Chicago Board of Trade moved to fresh highs on the week, gaining alongside mounting weather concerns, but one U.S. analyst says the rally could be limited. Soybeans — “It’s just completely insane, but we’ll see what the (U.S. Department of Agriculture) has to say,” said Sean […] Read more
U.S. grains: Weather concerns spark soybean rally
Chicago | Reuters — Chicago Board of Trade soybean futures jumped 3.4 per cent to their highest in nearly two years on Wednesday as forecasts for hot temperatures to hit key growing U.S. regions stoked fears of damage to nascent crops, traders said. “The weather is mostly dry this week, but now meteorologists are wrestling […] Read more
U.S. grains: Soybeans rise on weather view
Chicago | Reuters — Chicago Board of Trade (CBOT) soybean futures rose on Tuesday, supported by concerns about a La Nina weather pattern hindering crop development in the U.S. Midwest this summer with hot temperatures and dry conditions, traders said. Wheat futures also advanced, rising for the fifth straight day amid a round of short-covering […] Read more
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