Chicago | Reuters — U.S. farm co-operative and grains trader CHS Inc. would be interested in the Canadian grain handling assets of embattled commodities trader Glencore, but only if they came at a discounted price, CHS CEO Carl Casale said in an exclusive interview. As part of a debt-reduction plan, Swiss-based Glencore has said it […] Read more
CHS says Viterra intriguing at right price
U.S. grains: Soybeans bounce from six-year low
Chicago | Reuters — U.S. soybean futures rebounded from near six-year lows on Thursday in a short-covering bounce and as weekly government data showed solid soybean and soymeal export sales last week. Corn edged higher, hovering close to last session’s one-week peak after field reports from an annual crop tour suggested the country’s output may […] Read more
U.S. grains: Soybeans drop to near six-year low on rains
Chicago | Reuters –– U.S. soybean futures fell to multi-year lows on Wednesday in a broad-based commodities selloff and as widespread rains in the U.S. Midwest were expected to boost yields. Wheat hit lows for several contract months, pressured by sluggish demand and hefty global supplies, but ended above session lows. Corn, however, notched modest […] Read more
U.S. grains: Soybeans drop on rainy U.S. Midwest outlook
Chicago | Reuters — U.S. soybean futures fell 1.5 per cent on Tuesday, pressured by concerns about cooling demand from top importer China and forecasts for rain in the U.S. Midwest at a key point in the crop’s development. Corn firmed as a weekly U.S. Department of Agriculture report showed a slight decline in the […] Read more
U.S. grains: Midwest’s weather weighs down corn, soybeans
Chicago | Reuters –– U.S. soybean futures were slightly higher on Monday as early support from government data on unplanted acres was largely offset by pressure from a rainy U.S. Midwest forecast that should bolster the crop at a key stage of development. Corn closed weak, anchored by favourable crop weather, while wheat shed more […] Read more
U.S. grains: Soybeans rally on eroding crop prospects
Chicago | Reuters –– U.S. soybean futures jumped more than two per cent on Friday and registered their first weekly gain in five weeks, helped by signs of improving export demand and expectations that the U.S. government will trim its harvest forecast in a monthly crop report next week. Corn and wheat futures firmed on […] Read more
Cargill posts Q4 loss on one-time charges, revenue down
Reuters — Cargill Inc. on Thursday became the latest large agribusiness to report disappointing quarterly results as one-time charges and slowing economies in key emerging markets stung the privately held global commodities trader. Minnesota-based Cargill said it lost a net $51 million in the fiscal fourth quarter ended May 31, compared with a profit of […] Read more
U.S. grains: Weather uncertainty lifts corn to six-month peak
Chicago | Reuters –– U.S. corn futures rose to a six-month peak on Thursday, adding to strong gains earlier in the week as adverse weather in parts of the U.S. Midwest and Western Europe threatened crops. Prices for soybeans and wheat were mixed as investors squared positions ahead of the U.S. Independence Day holiday weekend […] Read more
U.S. grains: Corn drops, soybeans rise on new biofuel targets
Chicago | Reuters –– U.S. corn futures fell on Friday and posted a second straight weekly decline after the U.S. government lowered its targets for ethanol blending and as corn export demand slumped for the crop harvested this autumn. Soybeans rose about one per cent, led by sharply higher soybean oil futures as the U.S. […] Read more
U.S. grains: Corn rebounds on short-covering, bullish ethanol data
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