CNS Canada — Wet weather across much of the Midwest could be throwing a monkey wrench into the plans of U.S. corn farmers, according to a market-watcher. Scott Capinegro, president of Barrington Commodity Brokers in Barrington, Illinois, says much of the U.S. corn crop still has to go into the ground while some crops need […] Read more
CBOT weekly outlook: Corn, soybeans poised for move upward
CBOT weekly outlook: ‘Managed money crowd’ buoys futures
CNS Canada — Bullish weather propped up Chicago Board of Trade (CBOT) corn and soybean futures, spurring spec buying on the week — but it’s likely not enough to break the commodities’ ranges, one U.S. analyst says. “Lately here, of course it’s been weather with all the rain last week and over the weekend. The […] Read more
CBOT weekly outlook: U.S. weather supports corn, weighs on soy
CNS Canada –– Soybean and corn futures at the Chicago Board of Trade came under pressure over the past week, but are expected to see divergent moves in the near future as poor planting weather in the U.S. Midwest may see acreage shift out of corn and into soybeans. News that U.S. President Donald Trump […] Read more
DuPont profit beats on strong seed demand
Reuters – Chemicals and seeds producer DuPont , which is merging with Dow Chemical Co, reported a better-than-expected profit for the seventh straight quarter, helped by a rise in seed sales, sending its share up 3.5 percent. DuPont, which is merging with Dow Chemical Co, continues to expect to close its merger in August, Chief […] Read more
CBOT weekly outlook: Corn, soy tied to technicals amid large supplies
CNS Canada –– Corn and soybean markets look to be rangebound over the next three weeks as U.S. farmers try to get their crops planted, according to a market-watcher. “We’re slightly behind but that can be made up quickly with the equipment we have,” said Scott Capinegro, president of Barrington Commodity Brokers in Barrington, Illinois. […] Read more
China to work off corn stockpile in three to five years
Beijing/Reuters – China will work off its corn stockpile in the next three to five years, said an executive at one of the country’s top corn processing firms on Wednesday, as firms ramp up processing capacity to use up the old stocks of grain. COFCO Biochemical, a listed subsidiary of the state-owned Chinese grains trader […] Read more
Manitoba corn producers wait for fields to dry out
CNS Canada — Warm, dry weather is on the wish list for Manitoba corn farmers as they wait for fields to dry out so they can begin planting. The southwest corner of the province appears to be the wettest, while other areas are drying nicely, according to Pam de Rocquigny, general manager of the Manitoba […] Read more
CBOT weekly outlook: Soybeans, corn watching weather
CNS Canada — Soybean futures at the Chicago Board of Trade fell to their lowest levels of the past year on Tuesday, but bounced off of those lows as new-crop uncertainty and chart-based buying provided support. The U.S. Department of Agriculture forecast larger-than-expected world and U.S. soybean ending stocks in its monthly supply/demand report, which […] Read more
Minnesota finds source of Palmer amaranth on CRP land
Reuters — An invasive weed likely entered Minnesota through seed planted on land in a U.S. conservation program, state agriculture officials said on Thursday, bringing to a close an official probe of a growing threat to agricultural production. Infestations of the weed, Palmer amaranth, have affected other states in the U.S. Midwest through seed planted […] Read more
CBOT weekly outlook: Soybeans, corn have downside risk
CNS Canada — Soybean and corn futures at the Chicago Board of Trade have short-term downside potential, one U.S. analyst says, as traders watch exports, weather and fund positioning. Since last week, soybeans have lost close to 25 cents per bushel in the May contract, closing at $9.4425, while corn advanced 6.25 cents per bushel, […] Read more