Buenos Aires | Reuters — Argentine growers hoarding soybeans to protect themselves from inflation are hurting both state and farm income in the world’s No. 3 exporter of the oilseed, a top government official said Thursday. The South American country pioneered the use of plastic horizontal silos to stockpile grains. Growers are hanging onto soybeans, […] Read more
Argentina denounces farmer soy hoarding, says hurts state income
China approves Viptera corn, two types of soybeans
Chicago | Reuters –– A top Chinese government official said the country has approved imports of genetically modified Agrisure Viptera corn and two varieties of biotech soybeans after years of review, U.S. Agriculture Secretary Tom Vilsack said Wednesday. Chinese Vice-Premier Wang Yang said imports of Viptera corn, known as MIR 162, had been approved by […] Read more
Argentine state bank to cut off farmers who hoard soy
Buenos Aires | Reuters — Argentina’s main state bank will deny credit to farmers who are holding onto soybeans as a hedge against inflation, a top official said on Friday, as the government cracks down on crop hoarding as part of a campaign to build up its dollar reserves. The grains-rich but cash-poor South American […] 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
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
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. grains: soymeal makes biggest monthly gain since 1976
Chicago / Reuters – U.S. soymeal climbed 2 per cent on Friday, capping the commodity’s best monthly performance since 1976, as short-term supply strains in the United States continued to fuel buying. Soybeans also rose sharply and corn turned higher late, following gains in soymeal, while wheat declined on pressure from multiyear highs in the dollar that made the crops less competitive […] Read more
Market analyst warns soybeans could hit $7.00
Commodity News Service Canada – A surge in soybean values at a time when supplies are at a record level shouldn’t be mistaken for a breakdown in fundamental factors affecting supply and demand, according to the chief economist for AgResource. “The soybean market has gone up 12 to 13 per cent in the last 30 […] Read more
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