MarketsFarm — Soybean and corn futures backed away from multi-year highs during the week ended Wednesday, as investors took profits and weather conditions showed some improvement in South America. “The technicals are a little bearish for both corn and beans,” said Terry Reilly of Futures International in Chicago. The managed money long position in soybeans, […] Read more
CBOT weekly outlook: Soy, corn turn bearish
Traders keep an eye on South America
Feed weekly outlook: Barley market’s eye on exports, corn prices
MarketsFarm — Strong export demand for Canadian barley and rising corn prices in the U.S. are expected to continue to keep feed prices well supported in Western Canada. “Feed grains are being squeezed by lower imports of U.S. corn into Western Canada,” analyst Chuck Penner of Leftfield Commodity Research said in a presentation Tuesday for […] Read more
Argentine farmers end sales strike as corn export cap pulled
Buenos Aires | Reuters — Argentine farmers called off a three-day-old sales strike on Wednesday, hours before it had been scheduled to end, after the government agreed to free corn export from a recently decreed limit of 30,000 tonnes a day. The export cap that had been imposed at the start of the week was […] Read more
China to approve further domestic GMO corn, soy crop varieties
Beijing | Reuters — China said on Monday it was set to approve the safety of another genetically modified (GMO) corn variety and a GMO soybean, both produced by Beijing Dabeinong Technology Group Co. Ltd. The move comes after China last year approved three domestically designed GMO crops as safe, the first in a decade, […] Read more
Argentina lifts corn export ban
Export suspension to be replaced with 30,000-tonne sales cap
Buenos Aires | Reuters — Argentina has lifted a suspension on corn exports announced in December and will opt instead for a temporary 30,000-tonne daily cap on sales abroad, its agriculture ministry said on Monday, backing off the more restrictive measure that had infuriated farmers in the South American grains powerhouse. The world’s No. 3 […] Read more
Argentina ‘evaluating’ corn export suspension
Move meant to boost domestic food supplies
Buenos Aires | Reuters — Argentina’s government said on Thursday it would review its decision to temporarily suspend corn exports after a meeting between the farming minister and the leaders of the country’s main agricultural associations. The agriculture ministry said in a statement that agreements had been struck to guarantee the domestic supply of corn […] Read more
Mexico farm lobby blasts ban on GMO corn
Country's organic growers welcome ban
Monterrey, Mexico | Reuters — Mexico’s main agricultural lobby on Saturday criticized the government’s decision to ban genetically modified corn, while organic growers hailed the move that should protect smaller farmers. Mexico will “revoke and refrain from granting permits for the release of genetically modified corn seeds into the environment,” stated a decree issued Thursday […] Read more
CBOT weekly outlook: Corn, soy continue rallies
MarketsFarm — Commodities on the Chicago Board of Trade (CBOT) have appreciated a significant rally over the past weeks. Last week’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) detailed lower-than-expected ending stocks for soybeans, which were bullish for soybean values. “Beans are on a mission right now,” said […] Read more
CBOT weekly outlook: Bullish USDA report sends soy, corn up sharply
MarketsFarm — Soybean and corn yields in the United States ended up much smaller than early expectations, according to updated supply and demand estimates released Tuesday by the U.S. Department of Agriculture. The resulting drop in production and ending stocks has sent futures rallying to new contract highs, with more gains likely. Average U.S. soybean […] Read more
CBOT weekly outlook: Watch for USDA’s corn, soy stocks numbers to decline
MarketsFarm — Expect ending stocks for U.S. corn and soybeans to be lower in the upcoming supply and demand report from the U.S. Department of Agriculture (USDA), said Scott Capinegro of Barrington Commodities at Barrington, Ill. USDA is scheduled to release its next world agriculture supply and demand estimates (WASDE) on Friday at 11 a.m. […] Read more
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