Beijing | Reuters – Chinese researchers say they have found a way to produce an animal feed protein from carbon monoxide in what is being hailed as a breakthrough that could help reduce the country’s reliance on huge volumes of imported soybeans. China is by far the world’s top buyer of soybeans, bringing in around […] Read more
China to make protein for livestock from carbon monoxide
ADM profit more than doubles on strong crush margins, vegoil demand
Global grain trader Archer-Daniels-Midland Co said on Tuesday its third-quarter profit more than doubled, as strong oilseed crushing margins and rising vegetable oil demand boosted its core agricultural services and oilseeds unit. The Chicago-based U.S. grains merchant is anticipating the favorable demand and margin environment to continue supporting results in the fourth quarter and foresees […] Read more
CBOT weekly outlook: U.S. corn, soybean carryovers could increase
Declines expected for wheat stocks
MarketsFarm — Ahead of the next supply and demand report from the U.S. Department of Agriculture (USDA), expectations are for corn and soybean ending stocks to increase, according to Steve Georgy, president of Allendale Inc., in McHenry, Ill. “The wheat market could see carryout numbers decline slightly on this report,” he added. USDA is scheduled […] Read more
USDA’s September supply/demand data contain few surprises
MarketsFarm — There was few, if any, surprises to be found for grain traders in the latest supply and demand report from the U.S. Department of Agriculture (USDA). The September world agriculture supply and demand estimates (WASDE) was pretty much stand-pat in terms of U.S. corn and soybeans, according to trader Andrew Mages of Progressive […] Read more
CBOT weekly outlook: Soybeans, corn looking past hurricane
MarketsFarm — Hurricane Ida has wreaked havoc on the U.S. Gulf Coast, pressuring Chicago Board of Trade soybean and corn futures as exports face disruptions — but the market is reacting more to what’s coming next than what has already happened, an analyst says. “I don’t know what the ramifications, if any, are for the […] Read more
U.S. slashes corn, soybean, wheat harvest forecasts
Chicago | Reuters – The U.S. government slashed its outlook for domestic corn production by 2.7 percent and its soybean harvest view by 1.5 percent on Thursday as dry soils in key western growing areas cut into the potential for a bumper harvest. The dry conditions also hampered U.S. wheat production, which was forecast at […] Read more
Corteva launches Brazil biotech soy, tackles Bayer head-on
Sao Paulo | Reuters – Corteva Agriscience said on Aug. 9 it will start selling biotech soybean seeds in Brazil, as it seeks to bolster its presence in the world’s largest producer of the oilseed and tackle German rival Bayer AG. Corteva said its Enlist soybean seeds can resist three weed killers including glyphosate, ammonium […] Read more
CBOT weekly outlook: Analysts await USDA crop estimates
MarketsFarm – Traders at the Chicago Board of Trade (CBOT) are positioning themselves ahead of the United States Department of Agriculture’s monthly crop estimates to be released on Aug. 12. Estimates from private firms and speculation over how accurate they will be compared to the USDA’s are making their mark on the markets. “I think […] Read more
Pet food shortages leave owners on the hunt for kibble
Chicago | Reuters – Black short-haired kitty Astra, one of millions of pets acquired during the COVID-19 pandemic last year, had to go without salmon-flavored Whiskas treats that were sold out at stores in New Orleans this month. Loki, an Alaskan malamute dog in Ontario, Canada, did not have his usual Royal Canin kibble in […] Read more
CBOT weekly outlook: More information needed for wheat, soybeans
MarketsFarm – As a spring wheat tour of the Northern Plains of the United States wraps up, grain traders are awaiting the results with great interest. “That has wheat excited all over again, because (traders are) already well aware yields are going to be quite low,” said Ryan Ettner, broker for Allendale Inc. in McHenry, […] Read more
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