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
CBOT soybeans, corn watch weather
Argentina says will make soy producers sell more
Buenos Aires | Reuters –– Argentina will use “all the tools” at its disposal to end financial speculation by grains producers and exporters, government cabinet chief Jorge Capitanich said Wednesday, in a further sign of state intervention in Latin America’s No. 3 economy. Soy producers in Argentina, the world’s No. 3 soybean exporter, have been […] 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
Soy industry group taps Canola Council exec as chief
Canada’s new national soy industry body has gone to Canada’s other national oilseed industry body for its new chief executive. Soy Canada, which set up shop last month in Ottawa as a new Canada-wide organization representing the soybean value chain, on Monday appointed Jim Everson, vice-president of government relations for the Canola Council of Canada, […] Read more
Brazil soy exporters to police Monsanto seeds, for fee
Sao Paulo | Reuters — At least one soybean exporter in Brazil has agreed with Monsanto to collect royalties, in exchange for a fee, from farmers who planted genetically engineered seeds marketed by the company, according to industry sources. The landmark deal, already finalized by a firm that declined to be identified, highlights an increasingly […] 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
Brazil soy farmers start planting expected record crop
Sao Paulo | Reuters — Farmers in Brazil have started planting what may be their third consecutive record soybean crop though progress has been uneven in South America’s largest economy, analysts for two state-level farm institutes said Wednesday. Parana, Brazil’s No. 2 soy growing state, in southern Brazil has planted six per cent of its […] Read more
Big crops keep pressure on CBOT soybeans, corn
CNS Canada — Soybean and corn futures at the Chicago Board of Trade fell to fresh four-year lows during the week ended Wednesday, and there is still plenty of room to the downside as the harvest pressure builds over the next month. “It will be a long harvest,” said Scott Capinegro, president of Barrington Commodity […] Read more
Dow’s Enlist corn, soybeans face hurdles despite USDA approval
Reuters — U.S. approval of Dow AgroSciences’ new genetically-modified corn and soybeans takes the agricultural giant a step closer to its “most important” product launch ever, but a series of hurdles remain, the company said Thursday. “We sure are aware of the concerns that have been expressed,” said Dow AgroSciences president Tim Hassinger in an […] Read more
USDA grants approval to Dow’s Enlist corn, soybeans
Reuters — The U.S. Department of Agriculture on Wednesday gave final approval to new genetically modified corn and soybeans developed by Dow AgroSciences that, while criticized by environmentalists and some farmers, are portrayed by Dow as an answer to weed resistance problems that limit crop production. The approval may clear the way for a full […] Read more
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