Brussels | Reuters — The European Union on Tuesday put off a decision on whether to extend approval for glyphosate, used in herbicides including Monsanto’s Roundup, after a dispute between EU and U.N. agencies over whether it causes cancer. Experts from all 28 member states attended a closed-door meeting on Monday and Tuesday in Brussels, […] Read more
EU defers decision on glyphosate safety
U.S. grains: Short-covering supports corn, soy, wheat
Chicago | Reuters — U.S. corn, soybean and wheat futures rose for the fourth day in a row on Monday, supported by a round of short-covering after regulatory data released on Friday afternoon showed that speculators had built the biggest net short on record in all three commodities. But prices closed well off their session […] Read more
U.S. ag secretary calls for mandatory GMO label
Legislation to avoid a patchwork of state laws on labeling of genetically modified (GMO) foods should make such labels mandatory, U.S. Agriculture Secretary Tom Vilsack told farmers in New Orleans Friday. Vilsack’s remarks at the Commodity Classic, a U.S. farmers’ trade show and multi-group convention, come as the U.S. Senate agriculture committee sends its proposal […] Read more
U.S. grains: Soybeans surge on short-covering, export demand
Winnipeg/Reuters – U.S. soybean futures jumped nearly 2 per cent on Friday as investors covered short positions due to strong export demand, registering their biggest weekly gain since mid-December. Chicago wheat edged higher, and registered a big weekly gain on concerns over dry weather in parts of the U.S. Plains. Corn also climbed, on strong […] Read more
U.S. grains: Wheat hits six-session high, weather sparks short-covering
Chicago | Reuters — U.S. wheat futures climbed to their highest in six trading sessions on Thursday as expanding dryness in the southern Plains hard wheat belt triggered a round of short-covering, traders and analysts said. Traders were also concerned about a threat of flooding in the Mississippi River Delta region, which grows soft red […] Read more
CBOT weekly outlook: Corn, soy in harvest-induced trading range
CNS Canada –– Corn and soybeans at the Chicago Board of Trade are both sitting at the low end of their trading ranges, with South America’s harvest keeping bullish features at a minimum. Corn — The May corn contract will probably establish new contract lows over the course of the week, said Terry Reilly, senior […] Read more
U.S. grains: Wheat rallies after multiyear lows
Chicago | Reuters — Chicago Board of Trade wheat futures rallied to close higher on Wednesday as traders covered short positions following the market’s drop to its lowest level in nearly six years. Soybean futures also advanced on bargain buying, halting a six-session slide, while corn settled fractionally higher. At the CBOT, May wheat finished […] Read more
Maple Leaf profit beats as margins improve
Reuters — Canadian pork processor Maple Leaf Foods posted a better-than-expected fourth-quarter profit as margins in its prepared meats business improved. Adjusted operating profit in the meat products group, which includes brands such as Schneiders and the company’s namesake Maple Leaf brand, was $54.6 million, compared with a year-ago loss of $19.1 million. The Mississauga-based […] Read more
U.S. grains: Wheat to multiyear lows on strong dollar, crop ratings
Chicago | Reuters — U.S. wheat futures fell to multi-year lows on Tuesday, pressured by strength in the dollar and better crop conditions than last year in the Plains, analysts said. Soybean and corn futures declined for a sixth straight session, with the most-active May contracts in both markets falling to multi-week lows. At the […] Read more
U.S. grains: Corn sags for fifth straight session on lacklustre demand
Chicago | Reuters — Chicago Board of Trade corn futures fell on Monday for a fifth straight session, retreating from early advances as concerns about weak demand pressured the market, traders said. Soybean futures sagged on larger-than-expected deliveries against futures while wheat futures were mostly higher. At the CBOT, the most active May corn contract […] Read more
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