CNS Canada — Corn and soybean contracts at the Chicago Board of Trade are both rangebound, but beans are above the major moving averages, according to one analyst, as traders watch outside markets and weather for indications on where to move next. “I’m friendly, but I’m not looking for any explosions,” said Scott Capinegro, senior […] Read more
CBOT weekly outlook: Soybeans see higher-value trading range
Court to hear growers’ appeal of Ontario neonic rules
Ontario’s soybean and corn growers have been granted an appeal hearing in their bid to delay the province’s new limits on neonicotinoid seed treatments. Grain Farmers of Ontario (GFO), the body for the province’s corn, soy, wheat, barley and oat growers, said Tuesday the Ontario Court of Appeal has agreed to hear its case on March […] Read more
China says must change corn supports to clear stockpile
Beijing | Reuters — China must lower corn prices to reduce its massive corn stockpile and curb imports of corn substitutes including barley, sorghum and distillers’ grain, state media quoted a senior agricultural official as saying. Chen Xiwen, deputy director of the Central Rural Work Leading Group, said China needed to modify its reserve-based crop […] Read more
Argentine corn sowing booms on optimism over new government
Buenos Aires | Reuters — A late-season corn planting flurry in No. 4 world exporter Argentina could push output to the same level as the previous crop year, thanks to the policies of the new government, the director of the local maize industry chamber said Friday. Growers across the Pampas farm belt applauded the November […] Read more
Chinese farmers illegally growing GMO corn, Greenpeace says
Beijing | Reuters — Farmers are illegally growing genetically modified (GMO) corn in China’s northeast, said environmental non-profit Greenpeace on Wednesday, in a report that may generate further distrust of the government’s ability to ensure a safe food supply. Beijing has spent billions of dollars to develop GMO crops that it hopes will ensure food […] Read more
CBOT weekly outlook: Weak soybeans, corn watch energy, USDA for direction
CNS Canada — Soybean and corn futures at the Chicago Board of Trade trended down over the past two weeks, testing some contract lows in the process. While the potential for a short-covering bounce is there, further losses are also a distinct possibility, depending on what happens in outside energy markets. “Unless we see an […] Read more
CBOT weekly outlook: Corn, soy rangebound ahead of holidays
CNS Canada — Corn and soybeans at the Chicago Board of Trade are rangebound ahead of the holidays, according to one analyst. On Wednesday, the U.S. Federal Reserve raised interest rates by 0.25 per cent, the first increase since 2006, which pressured both corn and soybeans. But outside of that story, corn and soybean markets […] Read more
Argentina’s Macri ditches wheat, corn, beef export taxes
Buenos Aires | Reuters –– Argentine President Mauricio Macri said he would sign a decree on Monday eliminating corn and wheat export taxes as part of his plan to revitalize the country’s massive farm sector after years of antagonism with the government. The decree will also cut the export tax on soybeans, the country’s main […] Read more
CBOT weekly outlook: Soy, corn hold in trading range
CNS Canada — Supply and demand estimates from the U.S. Department of Agriculture held few surprises and had only limited effects on Chicago Board of Trade corn and soybeans — both rangebound in the short term, according to one U.S.-based analyst. “That report was pretty non-eventful right now,” said Scott Capinegro of Barrington Commodity Brokers. […] Read more
USDA regulators approve new Syngenta corn trait
Chicago | Reuters — Syngenta on Wednesday cleared one U.S. regulatory hurdle toward domestic marketing of corn seeds containing a trait that is genetically engineered to resist weed killers including glyphosate. The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) said it will no longer regulate the Syngenta Seeds corn trait known […] Read more
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