Chicago | Reuters — U.S. corn and wheat fell as much as two per cent on Friday, while soybeans also declined as the dollar climbed and rains provided needed moisture in the western half of the U.S. Midwest crop belt. Chart-based selling also was noted as prices for the crops fell below key moving averages, […] Read more
U.S. grains: Corn, wheat fall on dollar gains, weather
U.S. grains: Corn rises, soy eases on outlooks for drier weather
Chicago | Reuters –– U.S. corn edged slightly higher while soybeans reversed from earlier gains to turn lower on Thursday as drier weather outlooks for next week were seen as benefiting both crops after record rains in the Midwest in recent months limited yield potential. Corn was in the early phases of its pollination period […] Read more
CBOT weekly outlook: Soy headed above US$11 if weather stays wet
CNS Canada — Soybean futures at the Chicago Board of Trade (CBOT) moved higher during the week ended Wednesday, and could be headed above the US$11 per bushel level if weather in the U.S. Midwest stays too wet, an analyst said. “If weather remains somewhat unfavourable we could see, over the medium term, prices maybe […] Read more
U.S. grains: Wheat, soy fall on fund liquidation, better weather
Chicago | Reuters — U.S. soybeans and wheat fell on Wednesday, pressured by investment fund selling tied to outlooks for drier weather in the U.S. and reduced export demand. Corn futures reversed from earlier losses to finish narrowly higher as midday weather outlooks predicted hot temperatures that could stress plants during the crucial pollination phase. […] Read more
Influential hedge fund takes stake in Syngenta
Reuters — Hedge fund Paulson + Co. has taken a stake in Syngenta, and could push for the board of directors of the Swiss pesticide maker to accept a takeover offer from U.S. seed company Monsanto, people familiar with the matter said Tuesday. Monsanto, the world’s largest seed company, made a US$45 billion bid for […] Read more
Lethbridge feed barley prices move upward, watch U.S. corn
CNS Canada — Hot, dry conditions in Alberta and western Saskatchewan are delaying and stressing this year’s barley crop — but action in U.S. corn is now the barley market’s primary driver, according to one expert. “This recent rally in corn has helped barley and feed wheat move higher; we’re in a market driven by […] Read more
U.S. House committee approves block on mandatory GMO labels
Reuters — U.S. food companies and other opponents of genetically modified food labeling notched a key victory on Tuesday as the House of Representatives’ agriculture committee approved a measure banning mandatory labeling as well as local efforts to regulate genetically engineered crops. The move demonstrates fresh momentum for those seeking to block mandated labeling of […] Read more
U.S. grains: Corn tumbles from year high on drier weather outlook
Chicago | Reuters — U.S. corn futures retreated from an earlier one-year high and fell nearly three per cent on Tuesday on technical selling and forecasts for crop-friendly weather in the U.S. Wheat futures also were lower, pressured by the advancing winter wheat harvest. Soybean futures were little changed as a Monday report of a […] Read more
U.S. grains: Corn hits one-year high on supply outlook, crop conditions
Chicago | Reuters — U.S. corn futures rose on Monday for the fifth straight session, hitting a one-year high on better-than-expected demand and as heavy rains limited the yield potential of the new crop. The U.S. Department of Agriculture, in a monthly report issued Friday, surprised investors, showing corn and soybean supplies at levels smaller […] Read more
U.S. grains: Corn sets one-year highs on tighter old-crop U.S. supply
Chicago | Reuters — U.S. corn futures reached one-year highs and soybeans jumped on Friday as the U.S. Agriculture Department made bigger-than-expected cuts to its estimates for stocks of crops left over from last year’s harvests. The reductions, revealed in a monthly USDA report, added to concerns about supplies among traders worried that persistent rains […] Read more
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