Chicago | Reuters — Chicago soybeans eased on Friday after the U.S. Department of Agriculture (USDA) increased its estimate of global ending stocks, though strong exports and South American weather concerns underpinned the market. Corn traded both sides of even, despite an increase in U.S. stockpiles, while wheat eased. The most-active soybean contract on the […] Read more
U.S. grains: Soybeans ease on global stocks
Exports, South American weather underpin soy; corn steady
U.S. grains: Soybeans firm on exports, meal strength
Chicago wheat hits fresh 13-month low
Chicago | Reuters — Chicago soybeans climbed on Tuesday, supported by fresh export sales and contract highs in soybean meal as weather concerns threaten Argentina’s crop, traders said. Wheat ended the session lower after trading near even much of the day, falling to fresh 13-month lows on strong global supplies. Corn followed wheat lower, despite […] Read more
Cordonnier stands pat on South American crop projections
La Nina 'is still out there,' analyst says
MarketsFarm — At this point in the South American planting season it’s too early to get an accurate bead as to how much corn and soybeans will be grown in Brazil and Argentina, according to Dr. Michael Cordonnier of Soybean and Corn Advisor Inc. at Hinsdale, Ill. Cordonnier recently issued his latest estimates, keeping his […] Read more
U.S. grains: Chicago futures slide on profit taking, slumping dollar
Wheat slips following USDA report
Chicago | Reuters — Chicago corn, wheat and soybean futures all fell on Thursday as investors across the board sought to take profits amid global supply questions, even as the U.S. dollar tumbled on news that U.S consumer prices rose less than expected in October, traders said. The monthly U.S. inflation reading is being closely […] Read more
U.S. grains: Soybean futures slump on global demand concerns
Traders eye favourable U.S. harvest weather
Chicago | Reuters — Chicago Board of Trade soybean futures stumbled on Friday as rising crop sales in Argentina and warnings of a recession raised concerns about global demand for U.S. supplies, analysts said. Corn futures ended little changed, while wheat futures advanced. Traders focused on demand for crops, after the U.S. Department of Agriculture […] Read more
Argentine growers who hold soybeans face higher financing costs
Buenos Aires | Reuters — Argentine soy farmers who hold onto stock of more than five per cent of their production will face an elevated financing cost above the normal benchmark rate, the South American country’s central bank said on Thursday, part of a wider push to encourage sales. The central bank said soy farmers […] Read more
U.S. grains: Soybean futures fall 1.5 per cent
CBOT corn, wheat firm
Chicago | Reuters — U.S. soybean futures fell 1.5 per cent on Tuesday as Argentina’s decision to offer farmers a better exchange rate for their crops threatened to raise export competition at a time when U.S. offerings typically dominate the market. “It just makes more product readily available short-term,” said Mark Schultz, chief analyst at […] Read more
Brazil seen adding wheat area, fewer acres in Argentina
MarketsFarm — As farmers in Brazil plant more wheat this year, their counterparts in Argentina are cutting back on the amount of acres they plan to sow — although Argentina will still grow a great deal more wheat than Brazil. Dr. Michael Cordonnier of Soybean and Corn Advisor Inc. at Hinsdale, Ill. said one reason […] Read more
Argentina’s Bioceres says GMO wheat gets OK from U.S. FDA
London/Chicago | Reuters – The U.S. Food and Drug Administration concluded a review of Argentine biotechnology firm Bioceres’ BIOX.BA genetically modified (GMO) wheat without further questions, a “key step” to commercializing it in the United States, the company said on Monday. While corn and soy crops used predominantly to feed livestock are commonly planted with […] Read more
U.S. grains: Wheat extends fall, soybeans firm
Corn books third week down
Chicago | Reuters — Chicago wheat fell for a third straight session on Friday, retreating further from a two-month high hit earlier this week as technical selling pressured the market, traders said. Corn also eased, as accelerated U.S. planting and news that Argentina may expand an export volume cap weighed. Soybeans gained on strong export […] Read more
Cyber-Savvy Farmer
