Chicago | Reuters — U.S. soybean futures slid Monday as increased imports of the oilseed from South America were expected to alleviate tight supplies in the U.S., the world’s top producer of the crop. Wheat futures jumped after touching a three-week low in the previous session. Traders worried that unfavourably dry conditions will persist in […] Read more
U.S. grains: Soybeans drop as imports ease supply tightness
Merck wants to test Zilmax on 240,000 cattle but beef industry resists
Chicago | Reuters — Merck & Co Inc. wants to feed its controversial feed additive Zilmax to 240,000 U.S. cattle to prove it is safe. But there is a problem: giant meat processors like Cargill Inc don’t want to touch animals fed with the drug. Merck plans to conduct the biggest ever test of its […] Read more
U.S. grains: Corn soars on smaller-than-expected supply, planting data
Chicago | Reuters — U.S. corn futures on Monday closed above $5 per bushel for the first time since late August after a highly anticipated U.S. crop report revealed inventories were smaller than expected on March 1. The market gained further support from U.S. Department of Agriculture data projecting that U.S. farmers will plant fewer […] Read more
U.S. grains: Wheat retreats for second day from 11-month high
Chicago | Reuters — U.S. wheat futures on Friday extended a setback from an 11-month high, while technical selling snapped a four-session rally in soybeans that had been fuelled by low supplies. Wheat has climbed this month on concerns about drought hurting U.S. winter wheat and concerns that tensions between Ukraine and Russia might interrupt […] Read more
U.S. grains: Wheat hit by profit-taking, soybeans end higher
Chicago | Reuters –– U.S. wheat futures retreated from an 11-month high on profit-taking on Thursday, while soybeans rose for the fourth consecutive session on concerns about tightening supplies. Strength in the U.S. dollar loomed over the markets, as a firm dollar makes U.S. grain less competitive on the global market and U.S. commodities less […] Read more
U.S. grains: Wheat soars to 10-month high on crop worries
Chicago | Reuters — U.S. wheat futures climbed to a 10-month high on Wednesday on concerns dust storms and dry conditions will hurt harvests in the southern Plains states. Soybean futures hit an eight-session high on projections that strong domestic and export demand could prevent inventories from recovering from last year’s drought-depleted levels. A lack […] Read more
U.S. grains: Soybeans climb on mounting supply worries
Chicago | Reuters –– U.S. soybean futures soared on Tuesday as concerns about tighter supplies fueled a recovery from losses last week, and wheat and corn futures also climbed. “Soybeans continue to take the majority of their support from simple supply and demand,” said Karl Setzer, grain solutions team leader for MaxYield Cooperative. “It is […] Read more
U.S. grains: Wheat drops as concerns ease about Ukraine crisis
Chicago | Reuters –– U.S. grain futures dropped on Monday in profit-taking after concerns eased about political upheaval in Ukraine affecting grain shipments. Wheat pulled back after the May contract on Friday rose two per cent over Ukraine, the world’s third largest corn exporter and a major wheat exporter. Crimeans voted overwhelmingly to break away […] Read more
U.S. cattle deaths linked to Zilmax far exceed maker’s reports, study finds
Reuters — The number of U.S. cattle deaths that may be linked to the Merck and Co. feed additive Zilmax are much higher than the figures reported by the drug company to the federal government, according to a research study published Wednesday. The findings by researchers from Texas Tech University and Kansas State University show […] Read more
Syngenta halts Agrisure Duracade corn seed sales in Canada
Chicago | Reuters — Syngenta said on Monday it had halted commercial sales in Canada of corn seed containing a new and controversial genetically modified trait because major importers had not approved the product. Syngenta pulled from the Canadian market seed containing the Agrisure Duracade trait, which was available for planting for the first time […] Read more
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