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
CBOT weekly outlook: Corn, soybean prices expected to rise
U.S. grains: Soyoil tops two-month high on export sales
Chicago | Reuters — U.S. grain and oilseed futures advanced on Wednesday, with export sales driving soybean oil prices to their highest in more than two months. Exporters struck deals to sell 40,000 tonnes of U.S. soybean oil, including 20,000 to China and 20,000 to unknown destinations, the U.S. Department of Agriculture said. The deals […] Read more
Syngenta CEO leaves in wake of Monsanto deal rejection
Zurich | Reuters –– Syngenta CEO Mike Mack is stepping down as head of the Swiss agrochemicals group just two months after the company spurned a US$47 billion takeover approach from U.S. rival Monsanto. Mack, 55, will quit at the end of the month and chief financial officer John Ramsay will take charge on an […] Read more
Feed: Ranchers turn to unwanted veggies for feed
CNS Canada –– Following are a few highlights in the Canadian and world feed grains markets on Wednesday, Oct. 21. • Barley yields in the U.K. have reached a new record. According to the Department of Environment, Farming and Rural Affairs (DEFRA), the winter barley crop is projected at 3.32 million tonnes. That is up […] Read more
Global markets: Brazilian and South African economies
CNS Canada — The following is a glance at the news moving markets globally. BRAZIL’S ECONOMY EXPECTED TO CONTRACT ONCE MORE — Brazil’s economy is expected to contract three per cent this year, according to the country’s Central Bank, which surpassed analyst’s expectations of 2.97 per cent. The newest projections are the most negative the […] Read more
Sask. moves to toughen farmland ownership law
The Saskatchewan government is set to lay down new law on who can and can’t buy up farmland in the province, backstopped with more enforcement and heavier penalties. Agriculture Minister Lyle Stewart on Tuesday introduced amendments to the province’s Farmland Security Act, the legislation that already prevents non-Canadians and entities that aren’t 100 per cent […] Read more
Monsanto asks California not to list herbicide as cancer cause
Reuters — A plan by California environmental officials to list a commonly used herbicide as cancer-causing should be withdrawn, Monsanto told state regulators on Tuesday, saying California’s actions could be considered illegal because they are not considering valid scientific evidence. The formal comments were filed by Monsanto with the state’s Office of Environmental Health Hazard Assessment […] Read more
ADM increases stake in Wilmar
Chicago | Reuters — U.S. grains trader Archer Daniels Midland has increased its stake in Wilmar International of Singapore, in its latest bid to expand in Asia. ADM’s purchases represented about 22 per cent of Wilmar shares traded on Singapore’s exchange on Tuesday, Wilmar said in a regulatory filing. Wilmar shares reached their highest price […] Read more
U.S. grains: Corn up on bargain buying after five-week low
Chicago | Reuters — U.S. corn, soybean and wheat futures rose on Tuesday, rebounding from earlier losses on technical buying and bargain hunting even as autumn harvests advanced more quickly than usual under dry weather conditions. Corn jumped from a five-week low and soybeans gained for the first time in five sessions. Wheat bounced from […] Read more
Feed: Frost pressures Australian barley
CNS Canada –– Following are a few highlights in the Canadian and world feed grains markets on Tuesday, Oct. 20. • The Grains Industry of Western Australia is predicting the area will harvest a 3.19 million-tonne barley crop in 2015-16. However, some recent frosts are casting questions on whether that mark will be reached. • […] Read more
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