Reuters — The slow pace of crop sales by farmers that has hurt two of the world’s biggest grain traders will likely stretch into next year, the head of Bunge Ltd said on Thursday. The forecast for sluggish sales from Chief Executive Officer Soren Schroder may mean that Bunge and agribusiness rivals, including Archer Daniels […] Read more
U.S. and S. American farmers slow to sell
Critics of Dow’s Enlist line suing U.S. EPA over approval
Reuters — A coalition of U.S. farmer and environmental groups filed a lawsuit Wednesday seeking to overturn regulatory approval granted last week for an herbicide developed by Dow AgroSciences. The lawsuit, filed in the U.S. Court of Appeals for the Ninth Circuit in California, argues that the Environmental Protection Agency (EPA) did not adequately analyze […] Read more
Harvest pressure looms for corn, soybean futures
CNS Canada — Soybean and corn futures at the Chicago Board of Trade (CBOT) moved higher during the week ended Wednesday, as rainfall over parts of the U.S. Midwest caused harvest delays. “The lows were put in at the beginning of October, and we’ve seen a nice rally off of that,” said market analyst Bryan […] Read more
Syngenta suit against Bunge over GM corn revived on appeal
Chicago | Reuters –– A federal appeals court has opened the door for Syngenta Seeds to revive a lawsuit it brought against Bunge North America in 2011 over the agribusiness company’s refusal of a type of genetically modified corn. An opinion in the case came on Monday as Syngenta and its parent company, Swiss-based Syngenta […] Read more
U.S. EPA approves Dow’s Enlist Duo herbicide for GM soy, corn
Reuters — The U.S. Environmental Protection Agency gave final approval on Wednesday to a new herbicide developed by Dow AgroSciences, ordering a series of restrictions to address potential environmental and health hazards. The EPA said it was applying “first-time-ever restrictions” on its approval of the herbicide, Enlist Duo, which is designed to be used with […] Read more
CBOT soybeans, corn watch weather
CNS Canada — Soybean futures on the Chicago Board of Trade (CBOT) were higher during the week ended Wednesday, driven upward by harvest delays over wet weather and sluggish farmer selling. “These rallies don’t make a lot of sense to me but we were due for a bit of a bounce and I think this […] Read more
Manitoba corn harvest just getting started
CNS Canada — Many crops have seen delayed harvest in Manitoba this year, and grain corn is no exception. Only a few fields have been harvested so far, with more earlier-seeded crops expected to start coming off the fields next week. “A lot of it has reached maturity, so it’s just drying down to moisture […] Read more
CBOT corn poised to drop below US$3/bu.
CNS Canada — Chicago corn futures moved higher during the week ended Wednesday, but the U.S. Department of Agriculture’s monthly crop report, due Friday, has the potential to push values sharply lower, according to an analyst. “Traders are looking for a three-point increase in the yield for the U.S. corn, and that could draw nearby […] Read more
U.S. farmers latest to sue Syngenta over corn China rejected
Chicago | Reuters — Farmers from the biggest U.S. corn-growing states have sued Syngenta over sales of genetically modified corn seed not approved by China, joining global exporters in pursuing damages from the Swiss-based company. In coordinated lawsuits filed on Friday in federal courts in Iowa, Illinois, Nebraska, Kansas and Missouri, farmers accused Syngenta of […] Read more
Chicago corn to test US$3 mark by mid-month, analyst says
CNS Canada — Corn futures on the Chicago Board of Trade were lower during the week ended Wednesday, as funds continued to try and take advantage of new lows on the market. “People in the market come in and try to cherry-pick the bottom,” said Sean Lusk, director of commercial hedging at Walsh Trading in […] Read more
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