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CBOT March 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy rally extends into 2021

South America soybean supply fears continue; corn ends mixed

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Chicago | Reuters — U.S. soybean futures extended a rally to 6-1/2-year highs before trimming gains on Monday as dry crop weather and disruptions to exports in South America continued to unsettle investors at a time of brisk Chinese demand, analysts said. Wheat closed modestly higher, while corn ended mixed, as both commodities pared gains […] Read more
A cornfield in Mexico’s Chihuahua state. (Undefined undefined/iStock/Getty Images)
Corn, Crops, Reuters

Mexico farm lobby blasts ban on GMO corn

Country's organic growers welcome ban

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Monterrey, Mexico | Reuters — Mexico’s main agricultural lobby on Saturday criticized the government’s decision to ban genetically modified corn, while organic growers hailed the move that should protect smaller farmers. Mexico will “revoke and refrain from granting permits for the release of genetically modified corn seeds into the environment,” stated a decree issued Thursday […] Read more
Photo: File
Crops, Markets, Reuters

U.S. grains: Corn, soy hit 6-1/2-year highs on Argentine corn export restriction, dry weather

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Chicago | Reuters – U.S. corn futures extended gains on Thursday and hit their highest level in 6-1/2 years after major supplier Argentina said it would curb exports and as dry weather threatened harvests in South America. Soybeans also scaled a fresh 6-1/2-year peak on South American weather worries and tightening global supplies, while wheat […] Read more
Photo: iStock/Getty Images
Crops, Markets, Reuters

U.S. grains: Soybeans hold near 6-1/2-year peak as Argentina strike ends, dry weather remains

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Chicago | Reuters – U.S. soybean futures held near a 6-1/2 year high on Wednesday as investors shifted their focus from a now-resolved labor strike in Argentina that had pushed up prices to continued dry weather in South America that threatened the upcoming harvest. Chicago Board of Trade (CBOT) wheat soared to a six-year peak […] Read more
Photo: Thinkstock
Crops, Markets, Reuters

U.S. grains: Soybeans rally as earlier slide leads to new buying

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Chicago | Reuters – Chicago soybean futures soared to new highs on Tuesday as traders shrugged off short-term pressure from promising labor negotiations in Argentina. Corn followed soybeans higher on export optimism, while wheat rose after two days of losses. Despite starting the day trending lower, the most-active soybean contract on the Chicago Board of […] Read more
Photo: iStock/Getty Images
Crops, Markets, Reuters

U.S. grains: Soybeans add new highs on Argentine supply disruptions

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Chicago | Reuters – Chicago soybeans climbed for a sixth consecutive day as a labor strike in Argentina stalls through the Christmas holiday, curbing global supply. Corn rose for a 10th consecutive session, supported by prolonged South American dryness that could hurt harvest prospects. Wheat slipped on holiday profit-taking, but held near two-month highs. The […] Read more
Photo(s): Greg Berg
Canola, Markets, Soybeans

ICE weekly outlook: Canola, soybeans – keep an eye on South America

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MarketsFarm – After canola incurred six consecutive sessions of gains in which new contract highs were reached, the Canadian oilseed took a bit of tumble on the Intercontinental Exchange. Such is a sample of the volatility in the market during the holidays. Keith Ferley, a trader with RBC Dominion Securities in Winnipeg, Man., suggested there […] Read more
Photo: Thinkstock
Crops, Markets, Reuters

U.S. grains: Soybeans gain as South American supply falters

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Chicago | Reuters – Chicago soybeans continued to rally on Wednesday as an Argentine labor strike slowed exports, even as rain moving into the country relieved some concern over drought. Wheat and corn followed soybeans, supported by Argentina’s export woes and concerns over prolonged dryness for developing South American crops. The most active soybean futures […] Read more
Photo: iStock
Canola, Markets, Soybeans

Canadian canola crush running strong

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Canada’s canola crush is running slightly ahead of the year ago level, according to updated data from Statistics Canada. With 917,992 tonnes of the oilseed crushed in November, the 2020/21 (Aug/Jul) crop-year-to-date total of 3.465 million tonnes compares with the 3.309 million tonnes processed during the same timeframe the previous year. The November canola crush […] Read more

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