Beijing | Reuters – Chinese researchers say they have found a way to produce an animal feed protein from carbon monoxide in what is being hailed as a breakthrough that could help reduce the country’s reliance on huge volumes of imported soybeans. China is by far the world’s top buyer of soybeans, bringing in around […] Read more
China to make protein for livestock from carbon monoxide
U.S. grains: Corn, soy futures rise on harvest setbacks; wheat mixed
Chicago | Reuters – U.S. corn futures rose for the fourth day in a row on Friday, hitting a 2-1/2-month peak as harvest slowdowns across the Midwest left end users scrambling for supplies, traders said. “We are still trying to get high enough to entice some producer movement that is a little bit bigger,” said […] Read more
U.S. grains: Wheat hits multi-year highs, pull corn higher; soy weak
Chicago | Reuters – U.S. wheat futures rallied on Thursday to multi-year highs, with gains fueled by concerns about tight global supplies and strong export demand. Winter wheat futures were supported by concerns about the crop conditions and rainy weather in the eastern U.S. Midwest that may have prevented farmers from seeding as much acreage […] Read more
ICE weekly outlook: Canola speculators running market higher
MarketsFarm – ICE canola futures posted solid gains during the week ended Oct. 27, hitting fresh contract highs in many months as speculators added to their net long positions. “The specs have canola by the throat, and they’ll see how far they can run it,” said Ken Ball of PI Financial in Winnipeg. He said […] Read more
U.S. grains: Corn futures rally; pull soybean, wheat prices higher
Chicago | Reuters – U.S. corn futures on Wednesday rallied 2.5 percent to their highest level in more than two months, supported by signs of robust ethanol production that bolstered demand for the yellow grain, traders said. The strength in corn spilled over into the soybean and wheat markets. “You had humongous ethanol numbers,” said […] Read more
CBOT weekly outlook: Potential U.S.-China trade deal moving markets
Speculation regarding a potential trade deal between the United States and China is sparking movement on the Chicago Board of Trade (CBoT). Ryan Ettner, broker for Allendale Inc. in McHenry, Ill., said there was optimism on the markets last week when trade representatives from both nations restarted talks. With the countries’ current deal expiring at […] Read more
U.S. grains: Corn, soy firm as harvest slows; wheat falls on profit taking
Chicago | Reuters – U.S. corn futures rose to their highest in more than three weeks on Tuesday after heavy rains across broad swaths of the U.S. Midwest stalled harvest, traders said. The harvest slowdowns also supported the soybean market. “Even if we get a break in the rains for one to two days, that […] Read more
ADM profit more than doubles on strong crush margins, vegoil demand
Global grain trader Archer-Daniels-Midland Co said on Tuesday its third-quarter profit more than doubled, as strong oilseed crushing margins and rising vegetable oil demand boosted its core agricultural services and oilseeds unit. The Chicago-based U.S. grains merchant is anticipating the favorable demand and margin environment to continue supporting results in the fourth quarter and foresees […] Read more
U.S. grains: Wheat surges on supply concerns, as soybeans firm on vegetable oils
Chicago | Reuters – Chicago wheat futures surged to a two-month high on Monday, as heavy world demand and worries about the global availability of high-protein wheat extended market gains. Soybeans were also firm, helped by renewed strength in the energy and vegetable oil markets. The most-active soft red winter wheat contract on the Chicago […] Read more
U.S. grains: Wheat firms on global supply concerns
Fertilizer risks underpin corn; soybeans weighed by harvest, firmer crush lends support
Chicago | Reuters — Chicago wheat rose on Friday, supported by global supply concerns and an easing dollar. Corn followed wheat higher, but gains were dragged down by pressure from a lower soybean market as U.S. farmers reap better-than-expected harvests of the oilseed. The most-active wheat contract on the Chicago Board of Trade (CBOT) ended […] Read more
Cyber-Savvy Farmer
