Chicago | Reuters — U.S. wheat futures notched their biggest weekly advance in three years on Friday as worries about excessive rains in the Midwest and uncertainty over global crop prospects triggered aggressive fund short-covering, analysts said. Corn and soybeans also rose but pared gains as farmers took advantage of the rally and sold supplies […] Read more
U.S. grains: Wheat ends week up 15 per cent on U.S., global weather woes
U.S. grains: Corn, soy prices soar as storms drench U.S. Midwest
Chicago | Reuters — U.S. corn futures hit their highest level in two months and soybeans topped US$10 a bushel on Thursday on concerns about excessive rains in the U.S. Midwest curbing yield prospects, traders said. Wheat set a two-week high as the wet weather slowed the U.S. soft red wheat harvest, while dry weather […] Read more
U.S. livestock: CME feeder cattle limit down as corn prices jump
Chicago | Reuters — Lightly-traded Chicago Mercantile Exchange feeder cattle futures closed down their 4.5-cent per pound maximum daily limit on Thursday following double-digit corn market gains, traders said. Chicago Board of Trade corn futures surged as much as three per cent on worries heavy rainfall could reduce U.S. Midwest crop belt yield potential. High-priced […] Read more
Monsanto to invest over $1B in dicamba
Reuters — Monsanto’s efforts to expand its agrichemical interests beyond what has long been its bread-and-butter glyphosate business were underscored on Wednesday by news the company plans to invest potentially more than US$1 billion in production of an alternative herbicide. Monsanto officials expect to spend the money over the next three to five years expanding […] Read more
CBOT weekly outlook: Soy, corn futures seen hinging on USDA data
CNS Canada — CBOT (Chicago Board of Trade) soybean futures posted solid gains over the past week, but backed away Wednesday, which could be a sign of further losses to come as market participants await direction from the U.S. Department of Agriculture’s acreage report on Tuesday. John Weyer, co-director of the commercial hedge division at […] Read more
U.S. grains: Wheat falls on profit-taking after two-week high
Chicago | Reuters –– Chicago Board of Trade wheat futures fell on Wednesday after a seesaw session, pulled down by profit-taking from a two-week peak and as the hard red winter wheat harvest expanded in the U.S. southern Plains, traders said. Corn and soybeans also declined, reversing midsession gains as producers sold old-crop supplies. But […] Read more
Ag groups launch bee initiative
Bees Matter is offering free seeds for pollinator-friendly gardens — and information on bees
Reading Time: < 1 minute A new program called Buzzing Gardens is offering Canadians free seeds to plant pollinator-friendly gardens. The program is an initiative of Bees Matter, a group consisting of chemical and agricultural groups including CropLife Canada, Bayer CropScience, Syngenta, the Canola Council of Canada, the Canadian Seed Trade Association, and the Canadian Honey Council. “The agricultural community […] Read more
CME’s futures pit closures delayed to July 6 or later
Chicago | Reuters –– CME Group said Tuesday it will delay the closure of its open-outcry futures markets in Chicago and New York by at least one trading day due to a technical revision in its filing with the U.S. Commodity Futures Trading Commission. The final open-outcry session is now expected to be on July […] Read more
U.S. grains: Wheat soars as rains threaten Midwest’s harvest
Chicago | Reuters — U.S. wheat futures jumped about four per cent on Tuesday on technical buying coupled with concerns about rains delaying the Midwest harvest, traders said. Corn set a five-week high on declining U.S. crop conditions while nearby soybeans fell on softening cash values and stepped-up farmer selling. At the Chicago Board of […] Read more
Syngenta tests investor support for Monsanto opposition
Zurich/Frankfurt | Reuters — Syngenta will sound out shareholders in the coming days for their views on the Swiss crop chemicals maker’s opposition to rival Monsanto’s US$45 billion takeover approach. Any takeover offer needs to be at a fair price and provide a high degree of certainty that it will clear regulatory hurdles, Syngenta chairman […] Read more
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