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
CBOT weekly outlook: Corn, soy rangebound ahead of holidays
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
For U.S. farmers, ugly soy bids look better all the time
Chicago | Reuters –– U.S. farmers booked soybean sales this week as prospects for burgeoning global supplies and weak export demand caused growers to accept deals they’d rejected at similar price levels just a few weeks ago. Grain dealers noted an uptick in grower interest as Chicago Board of Trade soybean futures rallied 3.8 per […] Read more
CBOT weekly outlook: Corn has upside potential, soy rangebound
CNS Canada –– Corn and soybean futures at the Chicago Board of Trade are moving based on demand, which indicates corn will move higher while soybeans stay steady, according to a U.S.-based analyst. Traders are looking to the next U.S. Department of Agriculture (USDA) supply and demand report, due out Wednesday (Dec. 9), according to […] Read more
U.S. EPA finalizes 2016 renewables target at 18.1B gallons
New York | Reuters — The U.S. Environmental Protection Agency wants energy companies to blend 18.1 billion gallons (68.5 billion litres) of biofuels into the nation’s fuel supply next year, more than in a proposal laid out in May, it said in announcing final rules on renewables use for 2014-16 on Monday. The EPA’s long-awaited […] Read more
No fallout seen for Enlist Duo in Canada from U.S. action
The company behind Enlist corn and soybeans and Enlist Duo herbicide expects business as usual for the products in Canada, while the herbicide runs up against a new regulatory hurdle in the U.S. According to the Reuters news service, the U.S. federal Environmental Protection Agency (EPA) filed a request late Tuesday with the U.S. Court […] Read more
CBOT weekly outlook: Corn, soy seek direction
CNS Canada — Soybean and corn futures at the Chicago Board of Trade moved higher during the week ended Wednesday, but both commodities remain rangebound overall and looking for an outside spark to push values significantly one way or the other. January soybeans moved above their 20-day moving average on Wednesday, which triggered some additional […] Read more
CBOT weekly outlook: Soybeans likely headed down, corn sideways
CNS Canada –– Corn and soybean futures at the Chicago Board of Trade plunged on Tuesday as fresh estimates hit the market. Near-term, soybeans aren’t expected to improve much, one U.S. analyst said, though a lack of farmer selling could bring some upside to corn. The U.S. Department of Agriculture (USDA) on Tuesday released its […] Read more
Brazil soy planting lags historical average despite rain
Sao Paulo / Reuters – Soybean planting in Brazil remained behind the historical average even after isolated rainfall in the center-west, analyst firm AgRural said on Friday, with 31 per cent of area planted compared to the 42 per cent five-year average. A year earlier at this time 29 per cent of the previous crop […] Read more
Court rejects Ont. growers’ bid for stay on neonic regs
The association for Ontario corn and soybean growers is “evaluating several options” after its request for a stay of the province’s new limits on neonicotinoid seed treatments was rejected. The Ontario Superior Court denied the request from Grain Farmers of Ontario (GFO) for a stay and interpretation on the neonic regulations, which became law in […] Read more
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