Chicago | Reuters — U.S. corn futures neared a seven-month low on Thursday on concerns about poor export demand and large world supplies. Soybean futures also traded mostly lower, while wheat futures jumped on technical buying. Corn traders focused on exports and stockpiles before the release next week of U.S. Department of Agriculture data. Analysts […] Read more
U.S. grains: Corn approaches seven-month low on poor exports, big supply
Monsanto increases job cuts as corn, chemical sales slump
Reuters — Monsanto said a souring farm economy and currency woes will push its 2016 earnings to the lower end of expectations, while a cost-cutting drive will lead the world’s largest seed company to slash more jobs. Low commodity prices also should lead to more consolidation in the agricultural sector, CEO Hugh Grant said, about […] Read more
U.S. grains: Rain in Brazil’s forecasts dampens soy futures
Chicago | Reuters — U.S. soybean futures touched a one-week low on Thursday as expectations for beneficial rains in top exporter Brazil overshadowed stronger-than-expected U.S. export sales. Concerns about large U.S. supplies and poor export demand pushed March corn to settle at a new contract low, while wheat futures reached a three-week low. Traders kept […] Read more
U.S. grains: Wheat drops to three-week low on supplies
Chicago | Reuters –– U.S. wheat futures closed at their lowest level in three weeks on Wednesday as grain markets came under renewed pressure from large global supplies and lackluster export demand. Egypt, the world’s top wheat importer, bought 120,000 tonnes of Argentine wheat in a tender that highlighted the intense competition U.S. sellers face […] Read more
USDA regulators approve new Syngenta corn trait
Chicago | Reuters — Syngenta on Wednesday cleared one U.S. regulatory hurdle toward domestic marketing of corn seeds containing a trait that is genetically engineered to resist weed killers including glyphosate. The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) said it will no longer regulate the Syngenta Seeds corn trait known […] Read more
U.S. grains: Rising dollar knocks corn near two-month low
Chicago | Reuters — U.S. grain futures slumped on Friday under pressure from the rising U.S. dollar, with corn futures approaching a two-month low. “Everybody’s looking at the dollar,” said Jim Gerlach, president of A/C Trading in Indiana. “That’s the only story right now.” The dollar jumped more than one per cent to a seven-month […] Read more
U.S. grains: Soy nears three-week low on Brazil rains, demand worries
Chicago | Reuters – U.S. soybean futures dropped to their lowest levels in nearly three weeks on Wednesday on expectations for rains to benefit plantings in Brazil, the world’s top exporter. Concerns about slowing demand from China, the world’s top importer, added pressure to prices. Rain showers in Brazil will help farmers move forward with planting […] Read more
California considers adding meat to cancer-alert list
Reuters — California is examining new World Health Organization findings to determine whether to add red meat and foods such as hot dogs, sausages and bacon to a cancer-alert list, setting the stage for a potential battle with the meat industry over warning labels. The inclusion of meat and processed meat on the list could […] Read more
U.S. grains: Soyoil tops two-month high on export sales
Chicago | Reuters — U.S. grain and oilseed futures advanced on Wednesday, with export sales driving soybean oil prices to their highest in more than two months. Exporters struck deals to sell 40,000 tonnes of U.S. soybean oil, including 20,000 to China and 20,000 to unknown destinations, the U.S. Department of Agriculture said. The deals […] Read more
ADM increases stake in Wilmar
Chicago | Reuters — U.S. grains trader Archer Daniels Midland has increased its stake in Wilmar International of Singapore, in its latest bid to expand in Asia. ADM’s purchases represented about 22 per cent of Wilmar shares traded on Singapore’s exchange on Tuesday, Wilmar said in a regulatory filing. Wilmar shares reached their highest price […] Read more
Canadian Cattlemen Presents: Depth of Field
