Brasilia | Reuters — Amid trade tensions with the U.S., Mexico plans to send a delegation next month to visit Brazilian corn, beef, chicken and soy producers as an alternative to U.S. suppliers, its representative in Brazil said on Friday. Mexican charge d’affaires Eleazar Velasco said Brazil is uniquely positioned to expand agricultural commodity sales […] Read more
Mexico eyes Brazil farm products as hedge on Trump threat
U.S. ag sector seeks opportunities in face of challenges
CNS Canada — With shrinking farm income and a rising debt-to-asset ratio, the U.S. agriculture industry’s leaders are eyeing opportunities that could help it return to a point of profitability. U.S. net farm income is forecast to decline in 2017, with projections from the U.S. Department of Agriculture showing an 8.7 per cent drop, bringing […] Read more
Delayed planting on Prairies could reduce corn acres
CNS Canada — Record yields for Manitoba corn last year have raised the attractiveness of the commodity for many growers. However, the chances for a delayed spring this year could dampen that enthusiasm, according to one industry watcher. “If we get into a delayed planting situation we may see producers switch their corn acres into […] Read more
CBOT weekly outlook: December corn seen as bellwether
CNS Canada — As traders wait for the U.S. Department of Agriculture to put out fresh acreage estimates for corn and soybeans this week some eyes have already shifted to the behaviour of certain deferred contracts in the market. “If the December (corn) contract broke above US$4 (a bushel) it would be a catalyst,” said […] Read more
Japan feedmakers to tap corn stocks after U.S. supply disruption
Tokyo | Reuters — Japan’s feedmakers are expected to tap the country’s emergency stockpiles of corn as inventories decline to critically low levels due to a delay in shipments from the U.S. Japan’s Ministry of Agriculture, Forestry and Fisheries plans to approve the measure after heavy storms in the northwestern U.S. caused lengthy delays to […] Read more
CBOT weekly outlook: Argentine flood fears underpin corn, soy
CNS Canada — Weather concerns in South America continue to dominate the attention of many traders, despite the fact growing conditions for corn and soybeans have generally been favourable in Brazil over the past week. “It’s been good in Brazil but Argentina has had issues with flooding,” said Ted Seifried of Zaner Group in Chicago. […] Read more
Syngenta to shed southwestern Ontario seed storehouse
Crop chemical and seed firm Syngenta Canada plans to shut and sell its seed distribution site in southwestern Ontario by the end of May. The company announced Wednesday it would shut its operations at Cottam, about 30 km southeast of Windsor, “not later than May 31.” The Cottam site, formerly a seed processing plant, was […] Read more
CBOT weekly outlook: South American weather still key for soy, corn
CNS Canada — South American weather uncertainty is lending underlying support to soybean and corn futures at the Chicago Board of Trade, with speculators likely to remain on the long side until production issues are more clearly sorted out, according to an analyst. “The funds don’t want to give up the ship, and there’s enough […] Read more
CBOT weekly outlook: Soy, corn expected to move steady to lower
CNS Canada –– Despite a divergence in the two markets on the week, Chicago Board of Trade soybeans and corn are expected to shift back into step, moving sideways to lower in short-term trade, one U.S. analyst says. Improving South American weather is likely to keep a lid on soybeans, said Terry Reilly, senior commodity […] Read more
Corn/soy price ratio favours soybean acres, analyst says
Chatham, Ont. — Most underpinnings for higher corn, soybean and wheat prices appear to have fallen away — leaving biodiesel the only area that could drive higher prices. A growth mandate for U.S. ethanol production ends in 2017, and oil prices continue to stagnate well below the highs of a few years ago, according to […] Read more
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