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
U.S. grains: soybeans down 1 per cent, corn narrowly lower
Chicago / Reuters – U.S. soymeal futures fell 4 per cent on Thursday for their biggest daily losses since June as investors locked in profits after prices for the protein-rich animal feed soared to a seven-week high. Soybean futures shed more than 1 per cent, while corn edged lower following a spike in sales by U.S. farmers, who were harvesting […] Read more
Few changes expected in Canadian crop area
Commodity News Service Canada — It doesn’t appear there will be any dramatic changes to acreage for most crops next year, says a market analyst for CWB. Bruce Burnett gave some broad estimates for plantings in 2015 at the opening session of the Cereals North America conference in Winnipeg. “My thought is we’re going to […] Read more
Protein demand, fracking affecting grain prices
Commodity News Service Canada — The difficulty in getting American soymeal from processors to the end-user is just one symptom of a much larger problem facing the current market, said a noted industry-watcher at the Cereals North America conference in Winnipeg. “In the last two or three weeks, grain prices have been moving, everything is […] Read more
Options suggest soymeal tumble postponed till Jan.
Reuters — Soymeal traders have been bracing for a steep decline in U.S. meal prices for the past several months as a record-large soybean crop was planted and grown. Indeed, traders racked up large positions in bearish put options tied to December soymeal futures throughout last summer, indicating widespread expectations that U.S. meal prices would […] Read more
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
Man. soybeans likely to sit in storage until new year
CNS Canada — The bulk of Manitoba’s soybean crop may be off the field but isn’t likely headed to market anytime soon, according to an analyst. Local elevators are filling up “incredibly fast” with crops such as wheat and oats, “so soybeans may or may not have bin space at some of these elevators,” said […] 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
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