Chicago | Reuters — U.S. soybean futures slumped nearly three per cent on Tuesday in the steepest slide since mid-November as forecasts for rain in Argentina eased concerns about hot, dry weather cutting soy crop yields from the major exporter. Wheat hovered near a recent 3-1/2 year low, anchored by ample global supplies and stiff […] Read more
U.S. grains: Soybeans drop as heat-stressed Argentine crop gets rain
U.S. delegation in China seeks to resolve GM corn dispute
A U.S. Grains Council delegation traveled to China this week aiming to resolve a dispute over a genetically modified corn variety that has triggered Chinese rejection of numerous shipments. The GMO corn strain, Syngenta’s MIR 162 corn, is approved for cultivation in the U.S. and approved for import by all major global markets but not […] Read more
U.S. corn exports seen second smallest in 20 years, despite record crop
Last year’s drought taught importers to look elsewhere and taught the rest of the world to plant corn
Reading Time: 2 minutes Reuters / The United States, which once supplied three-quarters of all corn traded globally, has seen its market share erode with the emergence of rival suppliers in South America and eastern Europe and a record-large U.S. crop this season will do little to revive its corn export dominance. Several years of historically high prices have […] Read moreMississippi River still shut after fuel spill
The Mississippi River remained closed to navigation along an eight-mile stretch near Le Claire, Iowa, on Tuesday after a boat containing up to 100,000 gallons of diesel fuel and lube oil struck a submerged object and sank late on Monday, the U.S. Coast Guard said. One northbound towboat with no barges and two southbound towboats […] Read more
U.S. grains: Soybeans rally on export demand, firm soymeal
U.S. soybean futures rallied more than two per cent on Friday on firm cash markets, good export demand and spillover strength from higher soymeal futures, which surged more than four per cent. Wheat futures edged higher for a second straight day, aiming for the first weekly gain in a month, amid concerns about crops in […] Read more
U.S. grains: Corn climbs on strong cash market, export sales
U.S. corn futures climbed for the second time in three days on Thursday, gaining more than one per cent on a strengthening cash market and persistently large weekly export sales. Soybeans also rallied more than one per cent amid strong export sales, technical buying and short covering. A three per cent surge in soyoil amid […] Read more
U.S. grains: Corn eases on profit-taking, record harvest
U.S. corn futures drifted lower and soybeans closed mixed on Wednesday amid light profit-taking and technical selling, with prices anchored by ample supplies from a massive U.S. harvest. The announcement of a large soft red winter wheat sale to Egypt briefly lifted wheat futures, but prices later retreated on a lack of follow-though buying and […] Read more
China rejects U.S. corn cargo for unapproved GM variety: source
China rejected a cargo of U.S. corn because it contained a genetically modified variety that is not approved for import, a trade source said Monday. The shipment contained Syngenta AG’s Agrisure Viptera corn, also known as MIR 162, the source said. “It’s confirmed. It’s one cargo and MIR 162 was the problem,” said the source, […] Read more
U.S. wheat posts steep rally on export optimism
U.S. wheat surged nearly three per cent on Friday, passing US$7 per bushel for the first time since June, as a smaller-than-expected production forecast from Argentina fed optimism about the demand outlook for U.S. supplies. Corn futures followed wheat higher, touching the highest level in a week and a half, but failed to hold the […] Read more
U.S. soybeans up one per cent on exports, technical buying
U.S. soybean futures staged their strongest rally in five weeks on Thursday and wheat posted the steepest gain in a week, spurred by technical and bargain buying as the U.S. government returned to work and the dollar fell. Corn prices were flat, supported by good export demand but anchored by the advancing harvest of a […] Read more
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