Chicago | Reuters — U.S. grain merchant Archer Daniels Midland has settled a lawsuit with Syngenta over the seed company’s launch of a biotech corn strain that roiled grain exports to China, according to regulatory documents filed on Friday. ADM sued Syngenta four years ago for selling the corn variety known as Agrisure Viptera or […] Read more
ADM, Syngenta settle suit over biotech corn exports
Feed weekly outlook: Supplies tighten as demand rises
CNS Canada — As supplies tighten, Lethbridge feedlots are looking for the cheapest options when it comes to feed. “Supply seems to be tight in general. There’s not a lot of offers on either corn or barley at the moment. And demand is higher than expected coming into March,” said Brandon Motz, sales manager at […] Read more
CBOT weekly outlook: Soy trade watching soymeal commitments
CNS Canada — Soybeans on the Chicago Board of Trade continue to climb on charts due to worries over dry soil conditions in Argentina and strength in soymeal — but that could change soon. Terry Reilly of Futures International in Chicago said traders are keenly watching to see soybean meal commitment numbers in Thursday’s U.S. […] Read more
Feed weekly outlook: Alberta prices see wide range
CNS Canada — A tale of two markets is emerging in Alberta as feed users in the south take advantage of cheap corn trucked in from Manitoba, while users farther north pay higher prices. “As far as Red Deer north goes, it’s quite different than feedlot alley,” said Joseph Billett, general manager of Agfinity in […] Read more
CBOT weekly outlook: USDA report delivers no surprises
CNS Canada — The latest report released from the U.S. Department of Agriculture had no surprises for traders at the Chicago Board of Trade (CBOT), leaving the March corn and soybean contracts little changed. “I think that brokers right now are on the phone talking to their customers, probably some co-ops, elevators are also, and […] Read more
CBOT weekly outlook: Futures get weather boost
CNS Canada — The troublesome weather that gave Chicago Board of Trade (CBOT) corn, soybean and wheat contracts a boost over the past week should remain supportive, despite nearby technical setbacks, according to a trader. “I’m still slightly bullish on beans, corn and wheat given the unfavourable weather situation in South America, with too much […] Read more
Hot fall pulls Ontario corn yields above average
Ontario’s corn crop yielded better than expected, at 184 bushels per acre average, while soybeans were closer to their 10-year average at 44 bushels per acre, according to Agricorp. Why it matters: The provincial crop insurance agency has some of the most solid crop production numbers in Ontario, as its members have to report their […] Read more
CBOT weekly outlook: Markets stabilize following USDA reports
CNS Canada — Corn and soybean contracts on the Chicago Board of Trade (CBOT) are catching up following the release of U.S. Department of Agriculture (USDA) reports last Friday. Corn “went down on Friday in response to the report. We couldn’t file through it all yesterday. So we actually ended up finding some short-covering and […] Read more
Manitoba corn rides strong yields through bearish market
CNS Canada — Even as large world supplies continue to weigh down the North American corn market, farmers in Manitoba can continue to hang their hats on strong yields, according to an industry expert. Manitoba’s average yield from the 2017 crop was 134 bushels an acre, according to Myron Krahn, president of the Manitoba Corn […] Read more
CBOT weekly outlook: Markets await USDA reports
CNS Canada — Updated production, stocks and acreage numbers due out from the U.S. Department of Agriculture on Friday should provide some nearby direction for U.S. grain and oilseed markets. “I can’t really get too bullish on the bean market with the large USDA estimates hanging over our heads,” said Terry Reilly of Futures International […] Read more
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