Chicago | Reuters — U.S. wheat and soybean futures were mostly lower on Friday, in a technical selloff and as the U.S. dollar rose to its highest in two months against a basket of currencies. Prices trimmed losses while corn futures turned higher late in the session, lifted in part by the expiration of November […] Read more
U.S. grains: Wheat mostly lower on technical selling
Feed: China expected to cut back on corn stockpiles
CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Friday, Oct. 23. • Corn futures at the Chicago Board of Trade were down one to two cents in early activity on Friday as strength in the U.S. dollar weighed on the commodity. • Cash prices for delivered […] Read more
McDonald’s stock hits record high as turnaround takes hold
Reuters — McDonald’s Corp. shares hit an all-time high on Thursday after CEO Steve Easterbrook said a rebound in quarterly restaurant sales showed his turnaround plan is starting to work. Global sales at established restaurants were up a much better-than-expected four per cent in the third quarter, ending six straight quarters of flat or falling […] Read more
U.S. grains: Corn, soy turn lower on technical selling, dollar surge
Chicago | Reuters –– U.S. corn and soybean futures turned lower on Thursday, reversing from one-week highs on technical selling and pressured by steep gains in the dollar that made U.S. commodities less attractive in export markets. Wheat futures also fell, retreating from gains early in the session at the Chicago Board of Trade. The […] Read more
Dow reviews options for farm chemical/seeds unit
Reuters — Dow Chemical said it would “review all options” for its farm chemicals and seeds unit, which has reported falling sales for nearly a year, and suggested that it might buy Corning’s stake in a silicon joint venture. Dow is also selling its stake in a Kuwaiti JV that produces a chemical used in […] Read more
Feed: Australia prepares for dry weather
CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Thursday, Oct. 22. • CBOT corn futures were down one to two cents at midday Thursday. Favourable weather conditions in the U.S. corn belt enabled farmers to accelerate the harvest. • Feed barley bids in the key cattle […] Read more
Global markets: Apple in China, U.S. oil rig flatlining
CNS Canada –– The following is a glance at the news moving markets globally. APPLE CEO SAYS HE IS NOT WORRIED ABOUT OPENING STORE IN CHINA — Apple CEO Tim Cook has said he is not concerned about opening a new store in China, despite the country’s recent economic downturn. China has seen losses in […] Read more
Pearce: Winter wheat’s challenges go beyond just the seeding
For the past five growing seasons, winter wheat has taken it on the chin in terms of its status as one of the Big Three crops in Eastern Canada. Compared to soybeans, which have seen a steady climb to the three million-acre mark in those five seasons, wheat has suffered from poor seeding conditions with […] Read more
Man. corn harvest progresses rapidly despite moisture issues
CNS Canada — Manitoba’s corn harvest is nearly finished and may be bringing farmers above-average yields, according to a provincial crop specialist — though some producers have had to make tough decisions when it comes to drydown. The province’s latest crop report for the week ended Oct. 13 pegged grain corn’s harvest progress at 45 […] Read more
CBOT weekly outlook: Corn, soybean prices expected to rise
CNS Canada –– The ongoing U.S. harvest has pressured CBOT corn and soybeans in recent sessions, but support for the commodities will ramp up long-term, moving prices higher, according to a U.S. analyst. “I think you’re going to see demand improve and you’re going to see weather problems in South America emerge,” said Sean Lusk, […] Read more
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