Chicago | Reuters — The price of corn-based distillers’ dried grain (DDG), a byproduct of ethanol refining, has jumped 25 per cent in the past month as demand rose from domestic livestock feed mixers as well as exporters on hopes China will return to the market after halting imports this summer, traders and analysts said […] Read more
U.S. distillers’ grain prices rise on domestic demand, China hopes
IGC raises forecast for 2014-15 global corn crop
London | Reuters — The International Grains Council on Thursday raised its forecast for the 2014-15 world corn (maize) crop, reflecting an upward revision to production in China. Global corn production was forecast to total 982 million tonnes, up from a previous forecast of 980 million and just shy of the prior season’s record 984 […] Read more
Corn, soy chop around waiting for harvest to conclude
CNS Canada — ICE soybeans finished higher for the week ended Wednesday on volatile trade as demand for supplies outweighed concerns over the growing potential of the crop in South America. Traders will likely square positions and look for bargains during the next week of trading on the corn and soybean market, according to a […] Read more
Ontario’s curbs on neonics may protect bees but diminish crops
Winnipeg | Reuters –– Ontario’s move to protect bees by reducing use of a pesticide seed treatment may diminish corn and soybean production, seed companies said on Wednesday. Beekeepers welcomed the move by Ontario, the first North American government to curb use of seed treated with neonicotinoids, which are used to kill insects that harm […] Read more
Manitoba corn quality better than expected
CNS Canada — Manitoba’s corn growers weren’t sure what they’d find when they combined their fields this fall due to unfavourable growing conditions, but overall quality was better than expected. “We were worried going in that it would be a lighter crop because of the frost in September,” said Morgan Cott, agronomist with the Manitoba […] Read more
Ontario proposes deep cuts to farmers’ neonic use by 2017
Ontario’s new goal to ban most use of neonicotinoid pesticides in corn and soybean crops by 2017 has yielded bouquets from the province’s beekeepers — but left crop growers feeling stung. Following up on Premier Kathleen Wynne’s orders to her agriculture and environment ministers in their mandate letters in September, the province on Tuesday announced it will consult on […] Read more
ADM suing Syngenta over rejections of GMO corn
Reuters — Archer Daniels Midland sued seed company Syngenta on Wednesday over sales of a genetically modified corn variety not approved for import by China, joining more than 100 farmers and exporters in pursuing damages from the Swiss company. The lawsuit alleges Syngenta commercialized the MIR162 corn variety, also known as Agrisure Viptera, without creating […] Read more
Dow limits sales of GM soy, corn on China worries
Reuters — Dow AgroSciences said Wednesday it will restrict sales of its new genetically modified corn and soybeans to prevent them from entering U.S. domestic or international grain marketing channels as it awaits import approval from China. The move by the agricultural unit of Dow Chemical is aimed at avoiding the type of market turmoil […] Read more
Grain ‘trade’ at risk of low-balling U.S. soybean yields: Maguire
Chicago / Reuters – At 47.1 bushels an acre, last month’s soybean yield estimate from the U.S. Department of Agriculture was a new all-time high. And the average trader estimate for the USDA’s November projection is higher still, at 47.608 bushels. Even so, the long-term relationship between corn and soybeans suggests current soybean yields remain relatively […] Read more
U.S. local corn prices dip below $2 in some areas
A review of ending stocks in the past does not give much hope for a turnaround
Reading Time: 2 minutes Even before the current U.S. Farm Bill was adopted, we shared our concern that a $4-plus plateau in corn prices, which was being widely predicted, was in all likelihood no plateau at all. A year ago many were predicting corn would average $4.50 a bushel, partly because of ethanol demand and partly because production costs […] Read more
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