Reuters — Nutrien, the Canadian fertilizer and farm supply dealer created from the merger of Agrium and PotashCorp this year, said it expected demand growth for potash in China and India to cool down in 2018. Nutrien, the world’s biggest fertilizer company by capacity, also said higher input costs would shrink nitrogen and phosphate margins. […] Read more
Nutrien sees demand growth cooling, margins shrinking
U.S. grains: Soybeans fall on weak exports, bumper Brazil harvest
Chicago | Reuters — U.S. soybean futures dropped for a second straight day on Thursday on technical selling and profit taking following government data showing lower-than-anticipated U.S. export sales last week. Forecasts for rain and cooler temperatures in Argentina by mid-February and an accelerating soy harvest in Brazil further weighed on prices. Corn and wheat […] Read more
CBOT weekly outlook: Futures get weather boost
CNS Canada — The troublesome weather that gave Chicago Board of Trade (CBOT) corn, soybean and wheat contracts a boost over the past week should remain supportive, despite nearby technical setbacks, according to a trader. “I’m still slightly bullish on beans, corn and wheat given the unfavourable weather situation in South America, with too much […] Read more
U.S. grains: Winter wheat jumps as crop conditions drop
Chicago | Reuters — U.S. winter wheat futures surged to their highest in at least four months on Tuesday, led by a more than three per cent rally in hard red winter wheat, after the government slashed condition ratings for the drought-hit U.S. Plains crop. Soybeans and corn also advanced on technical buying and short […] Read more
U.S. grains: Soybeans down ahead of USDA crop data
Chicago | Reuters — Chicago soybean futures fell to a four-month low on Thursday ahead of U.S. Department of Agriculture data due on Friday that was expected to show bigger U.S. stockpiles and higher Brazilian soy output. Wheat futures also eased after weekly U.S. wheat export sales came in below analyst expectations, while corn futures […] Read more
CBOT weekly outlook: Markets await USDA reports
CNS Canada — Updated production, stocks and acreage numbers due out from the U.S. Department of Agriculture on Friday should provide some nearby direction for U.S. grain and oilseed markets. “I can’t really get too bullish on the bean market with the large USDA estimates hanging over our heads,” said Terry Reilly of Futures International […] Read more
U.S. grains: Soybeans fall on U.S. inventories
Chicago | Reuters — U.S. soybean futures slid to a four-month low on Wednesday, declining for the third straight session on expectations of higher U.S. stocks due to slower exports and a forecast of increased production in Brazil. Wheat futures were slightly higher and corn flat as investors squared positions ahead of the U.S. Department […] Read more
U.S. grains: Corn, soy, wheat ease ahead of USDA reports
Chicago | Reuters –– U.S. corn futures fell to a roughly three-week low on Monday while wheat declined to the lowest in one week as grain prices were pressured by position squaring ahead of government crop reports due on Friday. Analysts expect the U.S. Department of Agriculture to show abundant global grain and soy supplies […] Read more
Brazil’s 2017/18 soybean crop seen second-biggest in history
Sao Paulo | Reuters – Benefited by good weather, Brazil’s 2017/18 soybean crop, which farmers are now beginning to harvest, is expected to surpass 110 million tonnes, the second-largest in history, according to the average of 11 forecasts in a Reuters poll on Friday. Farmers here are likely to collect 110.19 million tonnes of the […] Read more
Brazil expects to be declared free of foot-and-mouth with vaccination
Brazil | Reuters – Brazil expects the World Organisation for Animal Health (OIE) to declare the country free from foot-and-mouth disease with vaccinations at a meeting in May, according to a government statement on Friday. The declaration will bolster the country’s prospects to export meat to new markets, the statement said. The OIE already considers […] Read more
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