Syngenta faces second suit over GM corn China rejected — September 18, 2014

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Chicago | Reuters — A second company has sued Syngenta over sales of genetically modified corn seed not approved by China, raising the stakes for the Swiss-based seed maker by including byproducts used for animal feed in its complaint and seeking class-action status. Trans Coastal Supply Co., a major exporter of livestock feed products, said […]


CBOT soybeans, corn haven’t bottomed yet — September 17, 2014

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CNS Canada – Corn and soybean futures on the Chicago Board of Trade continued to drift lower during the week ended Wednesday, but haven’t bottomed yet. Terry Reilly, an analyst with Futures International in Chicago, said corn prices have another 40 cents per bushel to go before bottoming around the $3 per bushel range (all […]


PotashCorp may raise 2015 potash output — September 17, 2014

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Reuters — Saskatchewan’s PotashCorp, the world’s second-biggest potash producer, is recalling workers at some of its Canadian mines as it gears up for a possible rise in production in 2015, a senior executive said Wednesday. The company cut its workforce by 18 per cent in December, including about 570 workers in potash operations. [Related story] […]


ICE weekly outlook: Canola still pointed lower — September 17, 2014

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CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, and could be due for some more weakness as the Canadian harvest picks up and large U.S. soybean production prospects weigh on oilseeds in general. With expectations for a record-large U.S. soybean crop, there has been a dramatic change in […]


U.S. livestock: CME hog futures fall with cash, pork prices — September 17, 2014

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Chicago | Reuters – Chicago Mercantile Exchange lean hog futures slumped more than two per cent on Wednesday, pressured by lower prices for slaughter-ready or cash hogs and pork at wholesale, traders said. October closed 1.775 cents per pound lower at 105.1 cents, and December at 93.9 cents, down 2.025 cents (all figures US$). Wednesday […]


U.S. grains: Soybeans, wheat firm on bargain buying; corn slips — September 17, 2014

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Chicago | Reuters — Chicago Board of Trade soybeans and wheat firmed slightly on Wednesday as bargain hunters stepped into the market to provide a boost to commodities that were trending near four-year lows, traders said. Corn futures sagged as a likely record U.S. harvest in the coming weeks will flood the countryside with supplies. […]


EU food producers set for more cash to help with Russian ban — September 17, 2014

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Brussels | Reuters – EU officials are drawing up new measures to help food producers hit by a Russian ban on agricultural imports and will publish them over the coming days, the European Commission said. Moscow in August imposed a one-year embargo on meat, fish, dairy, fruit and vegetables from the U.S., the European Union, […]


Cargill says closing Memphis corn mill — September 17, 2014

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Reuters — Cargill Inc. will close a corn mill in Memphis, Tenn., in January of next year, a move that will impact 440 employees, a company spokeswoman said. “The closure of the facility results primarily from the underutilization of the Memphis facility and its higher cost position,” spokeswoman Nicole Marlor said in a release, adding […]


Pit traders abandon lawsuit against CME over grain rules — September 17, 2014

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Chicago | Reuters – Veteran traders from Chicago’s grain pits on Tuesday dropped a lawsuit against CME Group that sought to reverse a change to end-of-day settlement rules they said was killing open-outcry business. The traders, who work on the Chicago Board of Trade’s 140-year-old agricultural trading floor, agreed to abandon their claims against the […]


U.S. spring wheat protein premiums soar after wet, cool summer — September 16, 2014

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Chicago | Reuters – Cash prices for top quality U.S. hard red spring wheat are soaring as the rain-delayed harvest throws up lower-than-average protein levels, and traders and analysts said outsized premiums are likely to continue for months. Farmers are expecting the largest harvest in four years as wet, cool weather swells yields. But that […]