Chicago soybean futures fell on Thursday as traders focused on forecasts calling for rain in Brazil, tempering some concerns over yield losses in the world's top oilseed exporter.
U.S. grains: Soybeans fall on Brazilian rain forecasts
Corn up on technical bounce, wheat up on weaker dollar
China to push for higher grain yields to ensure food security
Chinese corn breeders are preparing to double the amount of GMO corn planted next year
China, the world's top buyer of soy and corn, will push for higher grain yields across large areas of farmland as it seeks to ensure food security for its huge population, state media reported on Wednesday, citing an annual rural policy meeting.
U.S. grains: Chicago corn futures hit new lows
Exports being lost because of US-Mexico rail crossing closures, industry says
Chicago front-months' corn contracts hit new lows on Wednesday after the U.S. government closed two key rail crossings into Mexico, the top importer of U.S. corn, in response to rising migrant crossings.
U.S. grains: Chicago soybeans turn lower on rain forecast in Brazil
Wheat futures rose on a technical bounce
Chicago soybean futures turned lower on Tuesday, as weather forecasts called for Brazil's dry crop belts getting some much-needed rainfall in the coming days.
Brazil muscles into wheat market
The agricultural superpower will be a fierce competitor, but is mainly striving for self-sufficiency
Reading Time: 3 minutes Glacier FarmMedia – Canadian wheat exporters are facing a new competitor in their second biggest market. “The rapid emergence of Brazil as an exporter in Indonesia and other foreign markets has been remarkable,” the U.S. Department of Agriculture said in its recent Grain: World Markets and Trade report. Indonesia bought 2.14 million tonnes of bulk […] Read more
U.S. grains: Soybeans rally as Argentina seeks to raise meal, oil export taxes
Good export demand also underpinned soybeans
U.S. soybean futures clawed back early losses and ended higher on Monday on good U.S. export demand and after Argentina's new government said it would raise export taxes on soymeal and soyoil in the world's supplier of the soy products.
Speculative net short position in canola hits new record
CBOT long liquidation saw the net long position in soybeans dip
The net short position in canola futures climbed to a new record large level in mid-December, as speculators added to their bearish bets for the second week in a row, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Brazilian farmers slow fertilizer buys as drought dampens corn-planting plans
Fertilizer companies are already dealing with lower profits as prices sag
Brazil's drought is causing farmers there to delay fertilizer purchases for their upcoming corn-planting season, denting sales for global fertilizer suppliers in the world's top corn-exporting country, executives told Reuters.
U.S. grains: Soy posts first weekly gain in 1-1/2 months
Traders waited to see whether beneficial rains will arrive in dry areas of Brazil
Chicago | Reuters -- U.S. soybean futures finished higher in the nearby contract and lower in deferred months on Friday as traders waited to see whether beneficial rains will arrive in dry areas of Brazil as expected.
Biden backs ethanol industry on low-emission aviation fuel tax credits
Aviation is seen as one of the few routes to increase ethanol demand amid rising electric vehicle sales
Reuters - The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), a pivotal win for the politically powerful U.S. corn lobby.
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