Chicago | Reuters — U.S. wheat futures surged 2.7 per cent on Wednesday, bouncing back from near five-year lows on disappointing results from a crop tour and a crumbling U.S. dollar, traders said. The wheat gains, the most since April 1, spilled into the corn market, which also benefited from slow farmer selling on the […] Read more
U.S. grains: Wheat jumps on weak crop tour results, short-covering
U.S. grains: Wheat falls as weather improves
Chicago | Reuters — U.S. wheat futures sank 1.3 per cent on Tuesday, flirting with five-year lows after rain in key production areas boosted harvest prospects as the crop nears maturity, traders said. Poor export demand for U.S. supplies and strong yield projections from early results of a crop tour through Kansas also pressured the […] Read more
Ontario won’t widen comment window on neonics: GFO
The public comment period on Ontario’s planned regulations for neonicotinoid seed treatments will close Thursday as scheduled, despite requests from the province’s grain grower group for an extension. The province has “refused” to extend the public comment period on the use of the insecticide group in seed treatments, Grain Farmers of Ontario said in a […] Read more
U.S. grains: Soybeans rise on soyoil rally; wheat, corn drop
Chicago | Reuters –– U.S. soybean futures rose 1.3 per cent on Monday, following a sharp rally in soyoil that stemmed from talk of rising demand on the export market. “I’ve heard some talk that China has an increased appetite for (soy)oil, said Bill Gentry, broker at Risk Management Associates. “That has given some value […] Read more
Canada, U.S. toughen oil train safety standards
Washington/New York | Reuters — The U.S. and Canada on Friday announced long-awaited safety rules for trains carrying oil, as regulators seek to reduce risks after a series of explosive accidents that accompanied a surge in crude-by-rail shipments. The rules call for a rapid phase-out of older tank cars considered unsafe during derailments, and are […] Read more
U.S. grains: Corn falls to lowest since October on rapid plantings
Chicago | Reuters –– U.S. grains shed as much as one per cent on Friday as investors sold off positions on the first day of May amid bearish headwinds of rapid pace of spring plantings and a strong dollar that could limit export prospects. Chicago Board of Trade corn futures fell to the lowest levels […] Read more
Monsanto reported offering again to buy Syngenta
Reuters — Monsanto, the world’s largest seed company, has again approached Switzerland’s Syngenta in recent weeks with an offer to buy the company, Bloomberg reported, citing people familiar with the matter. However, the Swiss crop chemical maker has concerns, as the merger would raise antitrust issues, Bloomberg said. The two companies may again fail to […] Read more
U.S. grains: Wheat slumps on record-large export cancellations
Chicago | Reuters –– U.S. wheat fell as much as two per cent on Thursday, capping its second straight monthly decline on pressure from improving crop conditions in the southern U.S. Plains and disappointing weekly export sales. Corn and soybeans also were lower at the Chicago Board of Trade, weighed down by favourable weather for […] Read more
U.S. grains: Corn, wheat rebound on technicals, dollar declines
Chicago | Reuters — U.S. grains jumped as much as one per cent on Wednesday, with corn rebounding from a six-month low and wheat from a nearly five-year low on support from short covering and a weaker U.S. dollar. Soybeans also gained at the Chicago Board of Trade, buoyed by a strike of boat captains […] Read more
CBOT weekly outlook: Soybean/corn ratio too wide, expected to narrow
CNS Canada — The widening spread between corn and soybean futures at the Chicago Board of Trade (CBOT) should be supportive for corn but a bearish factor in soybeans, as the two crops have moved in opposite directions over the past week, according to an analyst. Soybeans moved to their highest levels in a month […] Read more
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