Chicago | Reuters — Chicago Board of Trade wheat futures sank 2.9 per cent on Monday, hitting a two-week low on expectations that drier conditions in the U.S. Plains will allow farmers to harvest a bumper crop, traders said. Corn futures also fell, hitting new contract lows amid pressure from good weather for crop development […] Read more
U.S. grains: Weather view weighs on CBOT corn, wheat
Reactions mixed on U.S. biofuel policy role in Canadian market
CNS Canada — The climate of the Canadian renewable fuel market could shift when the U.S. Environmental Protection Agency finalizes its new targets, some industry professionals say. Revised biofuel targets recently proposed by the EPA would reduce standards put in place in 2007. The changes would adjust Renewable Fuel Standard (RFS) regulations by reducing volume […] Read more
Brazil’s grain ports seen facing record volumes
Sao Paulo | Reuters — Brazil’s grain ports will endeavour to move the last of a record soybean crop just as a huge corn harvest starts competing for terminal space, testing the country’s export capacity, an analyst at local consultancy Agroconsult said. Brazil is exporting much of a record 96 million-tonne soybean crop and, starting […] Read more
U.S. grains: Wheat falls as supply risks ease
Chicago | Reuters — U.S. wheat futures fell to their lowest level in 1-1/2 weeks on Friday, surrendering more gains from a recent rally, weighed down by plentiful supplies and slow export sales. Corn and soybean prices also eased, with overall favourable U.S. crop conditions contributing to the downward pressure on prices. Wheat slid from […] Read more
U.S. grains: Wheat slips to one-week low on raised supply outlook
Chicago | Reuters — U.S. wheat futures extended losses to the lowest levels in a week on Thursday, pressured by gains in the dollar and after the U.S. Department of Agriculture raised its supply outlook. Soybeans and corn also eased as the stronger greenback made U.S. goods less attractive in international markets. The dollar climbed […] Read more
U.S. grains: Wheat falls most in two weeks as USDA boosts supply outlook
Chicago | Reuters — U.S. wheat futures tumbled more than three per cent for their largest losses in two weeks on Wednesday after the U.S. Department of Agriculture boosted its production forecast for the winter wheat crop in a monthly supply and demand report. Corn futures posted their largest daily declines since March at the […] Read more
Some timetables loosen as Ont. neonic limits become law
Ontario’s corn and soybean growers and seed dealers will have slightly more time to manage some of their new duties as the province’s limits on neonicotinoid pesticides become legally binding. Ontario’s environment ministry on Tuesday announced its new provincial regulations — with a handful of changes from the draft legislation first published in March — […] Read more
U.S. grains: Wheat touches two-month high on harvest bets
Chicago | Reuters — U.S. wheat futures jumped as much as one per cent on Tuesday, extending gains from the previous session to a two-month high as investors bet that heavy rains would hit yields of the winter wheat crop in the southern U.S. Plains. Soybeans also rose, reaching a three-week peak as a broad-based […] Read more
Syngenta rejects Monsanto’s break fee offer
Monsanto’s offer of a US$2 billion break fee if it can’t get regulatory approval for a merger with crop biotech and ag chem rival Syngenta has been rejected. The offer, made in a letter from St. Louis-based Monsanto on Saturday, “represents the same inadequate price, same inadequate regulatory undertakings to close, same regulatory risks and same […] Read more
U.S. grains: Wheat adds two per cent gain to weather-related rally
Reuters — Chicago wheat futures climbed two per cent on Monday, extending last week’s rally on worries over potentially lower crop yields in the U.S. Plains. Wheat’s gains helped pull corn and soybeans close to the multi-week highs they touched on Friday. Weather concerns encouraged investors to cover short positions, said Mark Schultz, chief analyst […] Read more
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