CNS Canada — Chicago Board of Trade (CBOT) corn and soybean traders are eagerly awaiting the results of a multi-state crop tour, while concerns over Chinese demand are also overhanging the markets. The Pro Farmer Midwest Crop Tour’s full results are due to be released Friday. So far the tour has been bullish for corn, […] Read more
CBOT weekly outlook: Soy bearish, corn bullish ahead of tour results
Scientists seek review of glyphosate, allege ‘flawed’ regulations
Reuters — U.S. regulators have relied on flawed and outdated research to allow expanded use of an herbicide linked to cancer, and new assessments should be urgently conducted, according to a column published in the New England Journal of Medicine on Wednesday. There are two key factors that necessitate regulatory action to protect human health, […] Read more
CBOT weekly outlook: Corn, soybeans face uncertain future
CNS Canada –– Chicago corn and soybeans both suffered heavy losses during the week ended Wednesday, as a supply and demand survey by the U.S. Department of Agriculture projected better-than-expected harvests. The report pegged U.S. corn output at 13.686 billion bushels while soybean output was pegged at 3.916 billion bushels. Both numbers were larger than […] Read more
USDA sees bumper corn, soy crops despite floods
Washington | Reuters –– U.S. corn and soybean harvests were pegged above expectations this year as strong yields in areas west of the Mississippi River will make up for problems caused by excessive rains in eastern production states, the government said Wednesday. The U.S. Department of Agriculture forecast the 2015-16 soybean harvest at 3.916 billion […] Read more
CBOT weekly outlook: Corn, soy to weaken as harvest nears
CNS Canada –– Short-term corn and soybean futures have been bouncing due to dryness in the eastern U.S. corn belt, but as crops move into harvest, prices will likely fall, according to Brian Rydlund, market analyst at CHS Hedging Inc. The corn market is primarily being moved by ethanol bidders and buyers, Rydlund said. “Export-wise, […] Read more
CBOT weekly outlook: Choppy, two-sided trade ahead for corn, soy
CNS Canada — Chicago Board of Trade corn futures chalked up slight gains for the week ended Wednesday, while soybean futures posted steep losses on volatile trading. Sean Lusk, director of the commercial hedging division for Walsh Trading in Chicago, said there are growing worries about the quality of the corn crop due to excess […] Read more
No need seen for new EU rules to protect butterflies from GM crops
Brussels | Reuters — European food safety officials found there was no need to widen buffer zones around genetically modified (GM) crops even though research shows pollen from GM maize can travel kilometres further than previously thought. The buffer zones to protect vulnerable species, such as butterflies, have been part of heated debate in Europe […] Read more
CBOT weekly outlook: Weather seen steering soybeans
CNS Canada — CBOT soybean futures posted solid gains over the past week, coming to a five-and-a-half month high on Tuesday. Weather guided the soybean trade, rather than the U.S. Department of Agriculture’s acreage and stocks reports. John Weyer, co-director of the commercial hedge division at Walsh Trading, said soybeans came in near or above […] Read more
U.S. livestock: Corn prices drop CME feeder cattle limit down
Chicago | Reuters — Thinly traded Chicago Mercantile Exchange feeder cattle futures closed down their 4.5-cent/lb. maximum daily limit on Tuesday, responding to steep corn market gains, traders said. Chicago Board of Trade corn futures jumped nearly eight per cent after the U.S. Department of Agriculture’s bullish grain report. Pricey corn could increase input costs […] Read more
Ont. farmers file for stay of province’s neonic regs
Ontario’s corn and soybean grower group is taking the province’s planned regulations on the use and sale of pesticide-treated seed to court. Grain Farmers of Ontario (GFO) said Monday it filed a request late last week with the provincial Superior Court of Justice in Toronto, seeking a legal “interpretation” of the province’s rules on neonicotinoid-treated […] Read more
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