Chicago | Reuters — U.S. wheat futures jumped more than two per cent on Friday and ended the week up nearly five per cent as worries about dry weather in key global production regions fueled short-covering and speculative buying. Soybeans advanced for the fifth time in six sessions on renewed Chinese buying of U.S. export […] Read more
U.S. grains: Wheat rallies on dry weather fears
Extended-tolerance canola now on deck for 2019
Giving growers a wider window to spray in-crop weeds with glyphosate, the new platform for Monsanto’s future canola trait stacks is now booked to make its way into the Canadian market next year. The U.S. seed and chemical company’s Canadian arm announced last week it plans to commercialize TruFlex canola in 2019, following plot trials […] Read more
U.S. grains: Soymeal leads soybean futures higher
Chicago | Reuters — Chicago Board of Trade soybean futures jumped 1.7 per cent on Friday, their fourth straight day of gains, on expectations that the U.S. will boost its share of the soymeal export market due to harvest shortfalls in Argentina, traders said. Corn futures firmed, hitting a nine-month high for the third day […] Read more
U.S. lawmakers skeptical of promises to shield farmers from trade dispute
Overland Park, Kan. | Reuters — U.S. lawmakers and the farm industry were skeptical of the Trump administration’s promise to shield farmers from the rapidly escalating trade dispute between the U.S. and China, concerned about the lack of details in protecting the agricultural export sector now embroiled in the back-and-forth. Major farming states supported U.S. […] Read more
ADM, Syngenta settle suit over biotech corn exports
Chicago | Reuters — U.S. grain merchant Archer Daniels Midland has settled a lawsuit with Syngenta over the seed company’s launch of a biotech corn strain that roiled grain exports to China, according to regulatory documents filed on Friday. ADM sued Syngenta four years ago for selling the corn variety known as Agrisure Viptera or […] Read more
Ontario, Canada sign $1.5 billion CAP agreement
The Canadian and Ontario governments have signed an agreement that will see $1.5 billion of Canadian Agricultural Partnership (CAP) money available to be spent in the province. Ontario Agriculture Minister Jeff Leal said the five-year program will start April 3, which, he added, will mean a seamless transition between the current federal-provincial agriculture and food […] Read more
CBOT weekly outlook: Soy trade watching soymeal commitments
CNS Canada — Soybeans on the Chicago Board of Trade continue to climb on charts due to worries over dry soil conditions in Argentina and strength in soymeal — but that could change soon. Terry Reilly of Futures International in Chicago said traders are keenly watching to see soybean meal commitment numbers in Thursday’s U.S. […] Read more
USDA lowers U.S. corn stocks view as exports rise
Washington | Reuters — Surging export demand for U.S. corn will cut into domestic stockpiles of the grain by more than expected, the U.S. Agriculture Department said on Thursday. But U.S. soybean stocks were forecast to rise as a bumper harvest in Brazil will allow overseas buyers to source their oilseed purchases from the South […] Read more
U.S. grains: Corn up on export demand, technical bounce
Chicago | Reuters — U.S. corn futures rose about one per cent Wednesday on fresh export demand and bargain-buying after the spot December contract dipped to a contract low, traders said. Wheat futures firmed, stabilizing after a series of contract lows in recent days, while soybeans ended fractionally lower after a choppy session. Most-active March […] Read more
Canada untangles pork label rule for EU export
A domestic technical obstacle has been cleared out of Canadian pork’s export path to the European Union, the Canadian Pork Council said Friday. The Canadian Food Inspection Agency last week made changes to its Manual of Procedures, which will allow pork packers to apply health mark labels after pork has been frozen, the council said. […] Read more
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