One of the world’s biggest grain companies has decided not to chance accepting Canadian lentils that were desiccated with a well known herbicide. Cargill announced Friday it will now have a “no tolerance” restriction on glufosinate ammonia in its grain delivery terms for lentils, including lentils that have had the Group 10 herbicide applied in […] Read more
Cargill not taking glufosinate-desiccated lentils
CBOT weekly outlook: Market bearish ahead of WASDE
MarketsFarm — Prices for commodities on the Chicago Board of Trade have been “under pressure and on the defensive” due to the lingering trade war between the U.S. and China, improved weather, and an unclear picture of planted acres. “Less threatening U.S. weather, coupled with the lack of China buying U.S. agriculture products, have definitely […] Read more
ICE weekly outlook: Keep an eye on soybeans, loonie
MarketsFarm – For canola prices, the key influences will be soybeans as well as the Canadian dollar, according to Errol Anderson of ProMarket Communications in Calgary, Alta. Anderson said soybeans on the Chicago Board of Trade (CBOT) were higher, due to trade negotiations between United States and China resuming on July 29. That could push […] Read more
CBOT weekly outlook: Soybeans and corn watching weather, waiting on acreage numbers
MarketsFarm – Shifting weather forecasts and trade talk rumours should keep the soybean and corn markets at the Chicago Board of Trade on edge over the next few weeks, as participants wait on updated acreage numbers from the United States Department of Agriculture. The USDA’s August 12 report will include results of an acreage resurvey […] Read more
China’s soy crushers in no rush to buy from U.S.
Beijing | Reuters – Despite the carrot of a potential exemption from import tariffs, Chinese soybean crushers are unlikely to buy in bulk from the United States any time soon as they grapple with poor margins and longer-term doubts about Sino-U.S. trade relations, people familiar with the matter said. China imposed a 25 per cent […] Read more
U.S. government to pay $15 minimum per acre to farmers hurt by China trade war
Washington | Reuters – The U.S. government will pay farmers hurt by President Donald Trump’s trade war with China a minimum of $15 per acre under an aid package to be unveiled before the end of this week, Secretary Sonny Perdue said on Tuesday. “We’ll have information for you before the week ends,” he told […] Read more
CBOT weekly outlook: Market stuck in range until acreage report
MarketsFarm — Until the U.S. Department of Agriculture issues its next acreage report, expect the Chicago Board of Trade to remain stuck within a range, a trader said. “Until the August report and the USDA verifies the plenty of preventative planting acres, and if August happens to be hot and dry side, I can expect […] Read more
Manitoba grain firm Delmar Commodities on the block
Delmar Commodities is set to be sold to Ceres Global Ag, an integrated commodity group with operations throughout North America. The Winkler, Man. grain, oilseed and processing firm was founded by Martin Harder in 1995 from castoff elevators during the grain sector’s consolidation push at the time. Harder left the firm in 2010, selling his […] Read more
CBOT weekly outlook: USDA report leaves trade unsteady
MarketsFarm — Chicago Board of Trade markets were volatile following Friday’s U.S. Department of Agriculture’s acreage report, which saw more corn acres and fewer soybeans than expected. “We had a sharp break, but now we’re starting to recover a bit,” said Steve Georgy, president of Allendale Inc. in Illinois. USDA’s next world agriculture supply and […] Read more
CBOT weekly outlook: Bullish U.S. Midwest weather story not over
MarketsFarm — Corn and soybean futures at the Chicago Board of Trade may have run into some profit-taking resistance, but underlying concerns over wet fields and lost acres should keep the general uptrend in place heading through the summer. “I don’t think this weather story is anywhere near over,” said Preston Zacharias of CHS Hedging’s […] Read more
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