Washington/Chicago | Reuters — Strong demand for U.S corn and soybeans will cut into the abundant domestic supply stockpile by more than expected, according to government data released on Wednesday. The U.S. Department of Agriculture’s outlook for tighter corn and soy supplies, issued in a monthly crop report, surprised analysts who expected an increase in […] Read more
USDA cuts U.S. corn, soy stocks view on demand hikes
U.S. grains: Wheat drops as fears fade about Russian export limits
Chicago | Reuters — U.S. wheat futures fell two per cent on Tuesday as Russia denied it was discussing grain export restrictions, while soybean futures rose for the fifth consecutive session on strong export demand. Corn futures advanced as traders adjusted positions ahead of a monthly U.S. Department of Agriculture report on Wednesday. The wheat […] Read more
U.S. grains: Soybeans top one-week high, corn retreats from gains
Chicago | Reuters — Concerns about tight U.S. soy supplies drove soybean futures to their highest level in more than a week on Monday, while corn futures retreated for the first time in four sessions. Wheat rose on technical and fund-driven buying. Soybeans advanced on strong demand for soymeal and expectations that the U.S. Department […] Read more
U.S. suspends some B.C. poultry imports over avian flu
Chicago | Reuters –– The U.S. has suspended imports of live and raw poultry from British Columbia due to an outbreak of bird flu virus in the province’s Fraser Valley, the U.S. Department of Agriculture’s chief veterinary officer told Reuters on Monday. The restrictions began on Dec. 4, the same day Canada identified the virus […] Read more
U.S. and S. American farmers slow to sell
Reuters — The slow pace of crop sales by farmers that has hurt two of the world’s biggest grain traders will likely stretch into next year, the head of Bunge Ltd said on Thursday. The forecast for sluggish sales from Chief Executive Officer Soren Schroder may mean that Bunge and agribusiness rivals, including Archer Daniels […] Read more
U.S. grains: Markets sink from highest levels in at least six weeks
Chicago | Reuters — U.S. grain and soybean futures tumbled Friday as traders booked profits after prices climbed to their highest level in at least six weeks. Soybeans retreated from a session high above US$10 a bushel amid expectations that rains next week will improve planting conditions in Brazil, the world’s top exporter of the […] Read more
Syngenta suit against Bunge over GM corn revived on appeal
Chicago | Reuters –– A federal appeals court has opened the door for Syngenta Seeds to revive a lawsuit it brought against Bunge North America in 2011 over the agribusiness company’s refusal of a type of genetically modified corn. An opinion in the case came on Monday as Syngenta and its parent company, Swiss-based Syngenta […] Read more
Cargill loses bid to stop ex-manager from working for rival
Reuters — A federal judge has denied Cargill’s attempt to block a former executive of its meat-packing unit from working for rival JBS to prevent the potential loss of trade secrets. U.S. Judge Raymond Moore in Denver ruled on Monday that although Jason Kuan “did once have specific knowledge of Cargill’s trade secrets, his knowledge […] Read more
U.S. grains: Corn, wheat top one-month highs
Chicago | Reuters –– U.S. corn and wheat futures climbed on Tuesday to their highest levels in more than a month, as technical and speculative buying pushed up prices in the face of advancing U.S. harvests. Soy futures also traded higher, led by gains in soymeal. The rallies will likely be short-lived as farmers are […] Read more
U.S. grains: Prices touch one-week lows on improved U.S. harvest weather
Chicago | Reuters — U.S. corn and soybean futures touched one-week lows on Monday as drier weather in the U.S. Midwest was expected to allow harvests to accelerate after rain delays. Corn finished near unchanged, shaking off losses associated with the improved harvest outlook as technical buyers entered the market. Forecasts for mostly dry conditions […] Read more
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