Chicago | Reuters — U.S. corn futures on Thursday rebounded from a seven-month low after three days of declines in a short-covering bounce and following a government report showing higher ethanol output and lower stocks of the corn-based biofuel. Wheat futures were mixed as a weaker dollar and concerns about the outlook for crops in […] Read more
U.S. grains: Corn rebounds on short-covering, bullish ethanol data
Light rain on way for Prairie crops, but ‘soaker’ needed
Winnipeg | Reuters –– Rain looks to splash parched farms on Western Canada’s Prairies over the next week as concerns mount that soil is too dry for canola to grow normally. Offsetting the concern somewhat is the region’s brisk pace of planting, which may wrap up by the weekend. The southern Prairies will be lucky […] Read more
CBOT weekly outlook: Corn, soy under pressure amid abundant supplies
CNS Canada — Chicago Board of Trade corn and soybean markets drifted lower during the week ended Wednesday and are expected to remain under pressure in coming weeks. The softness in both markets is likely because of large domestic and global supplies for corn and soybeans, said Ken Ball of PI Financial in Winnipeg. “Buyers […] Read more
U.S. grains: Wheat sinks to two-week low on winter crop rating
Chicago | Reuters –– U.S. wheat futures fell for the third straight session on Wednesday, hitting a two-week low on big global supplies and a government report that pegged U.S. winter wheat crop ratings above market expectations. Corn also slumped to a seven-month low on spillover pressure from sinking wheat and positive U.S. crop ratings, […] Read more
Canada to check India’s feed corn for aflatoxin
All feed corn coming to Canada from India is now going to be held and tested for aflatoxin, as high levels of the toxins have recently turned up in organic corn from the country. Importers of corn — organic or otherwise — from India, starting immediately, first must sample the corn, upon arrival in Canada […] Read more
U.S. grains: Wheat plunges on dollar rally, technical selling
Chicago | Reuters — U.S. wheat futures plunged more than four per cent on Tuesday as pressure from a strong dollar and technical selling outweighed concerns about crop damage due to heavy rain in the southern U.S. Plains. Corn prices slid about 1.5 per cent on spillover weakness from tumbling wheat and generally favourable crop […] Read more
Monsanto’s move on Syngenta could mean move away from glyphosate
Reuters — Monsanto, the world’s largest seed company, is also known for the popularity of its Roundup herbicide, beloved by farmers and homeowners alike for its speed and deadly assault on tough weeds. But Monsanto’s ongoing efforts to try to take over Swiss ag chem firm Syngenta, a rival whose product portfolio offers an array […] Read more
U.S. grains: Soy, corn, wheat tumble as U.S. dollar firms
Chicago | Reuters — U.S. grains and oilseeds fell more than one per cent on Friday, with soybeans tumbling to the lowest levels since October in a broad commodities selloff as the dollar rallied against a basket of global currencies. Soybeans, corn and wheat each reversed earlier gains and fell to session lows as the […] Read more
U.S. grains: Wheat jumps on global weather worries, corn follows
Chicago | Reuters –– U.S. wheat futures rose more than one per cent on Thursday, lifted by worries that U.S. rains could reduce grain quality and that dry conditions in Russia and Canada would stress crops. Chicago Board of Trade corn futures also jumped, rising in sympathy with wheat, while soybeans were nearly unchanged, anchored […] Read more
Monsanto says would divest all of Syngenta’s seed business
Reuters — Monsanto, the world’s largest seed company, said Wednesday it plans to divest Syngenta’s seeds and genetic traits businesses as well as some overlapping chemistry assets to win regulatory approval for a takeover of its Swiss rival. “We intend to make this a really clean deal… really easy to get done,” Monsanto president Brett […] Read more
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