CNS Canada –– Chicago Board of Trade corn and soybean futures moved sharply lower during the week ended Wednesday, and are expected to trend sideways to weaker for the rest of the month. Traders are going to focus on spring weather and seeding conditions until more acreage and yield estimates for the 2015-16 crops are […] Read more
CBOT weekly outlook: Corn, soybeans trending sideways to lower
U.S. grains: Soy, wheat, corn post light gains in technical trade
Chicago | Reuters — U.S. soybean futures rose slightly on short-covering on Wednesday after falling nearly two per cent a day earlier when a U.S. Agriculture Department report projected domestic soy stocks would rise to a nine-year high. Wheat and corn futures also edged higher on largely technical buying with ample global grain supplies limiting […] Read more
WHO findings on glyphosate won’t speed up EU safety review
Brussels | Reuters –– EU regulators will not accelerate a decision on whether to restrict use of the world’s most widely used herbicide, even though it has been linked to cancer by the World Health Organization (WHO), officials said on Tuesday. The International Agency for Research on Cancer (IARC), part of the WHO, said in […] Read more
U.S. grains: Soybeans slide as USDA forecasts ballooning stocks
Chicago | Reuters –– Chicago Board of Trade soybean futures fell nearly two per cent on Tuesday after the U.S. Department of Agriculture projected domestic stocks would rise to 500 million bushels by the end of the 2015-16 marketing year, a nine-year high if realized. Corn ended almost unchanged after sliding to its lowest level […] Read more
U.S. grains: Soybeans, corn fall on planting pace
Washington | Reuters — U.S. corn and soybean futures fell on Monday, pressured by expectations that a government report will show the pace of planting of both commodities was well ahead of the typical schedule. Wheat futures were mixed, with hard red winter wheat contracts supported by concerns about the crop in the U.S. Plains […] Read more
U.S. grains: Crop tour results boost wheat
Chicago | Reuters — U.S. wheat futures rose on Friday, supported by results from an annual crop tour that projected below-average yields in Kansas, the top production state for the grain, traders said. End-of-week short covering and some bargain buying following a 1.4 per cent decline on Thursday also buoyed prices. Corn and soybeans firmed […] Read more
Major Syngenta shareholders would back Monsanto bid, if higher
London | Reuters — Major investors in Swiss agrochemicals firm Syngenta are confident a deal with Monsanto will come off if the U.S. firm ups its initial US$45 billion bid by at least 10 per cent. After rebuffing the takeover offer announced earlier Friday, Syngenta said the bid fundamentally undervalued the firm and that its […] Read more
Monsanto, Syngenta hire advisors on possible takeover
London/Frankfurt | Reuters –– Agricultural companies Monsanto and Syngenta are working with investment banks on a takeover deal that would create an industry behemoth with combined sales of more than US$31 billion, three sources familiar with the matter said. Swiss crop chemicals maker Syngenta is working with Goldman Sachs to assess the merits of a […] Read more
U.S. grains: Weather outlook weighs on corn, soy
Chicago | Reuters –– U.S. corn and soybean futures fell on Thursday, pressured by forecasts for wet and warm weather in the Midwest that will foster early development of both crops in the coming weeks, traders said. Wheat futures also dropped after a sharp rally on Wednesday despite reports of poor yields from a crop […] Read more
Spring run on fertilizer creates challenges
CNS Canada — Seasonal challenges are popping up for fertilizer users this spring, according to the president of Manitoba’s Keystone Agricultural Producers — but Dan Mazier says they’re not your typical ones. “The supply seems to be all right; definitely anhydrous ammonia is available,” he said. However, he’s heard some reports that this year’s phosphate […] Read more
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