Reading Time: < 1 minute The European Commission said on Thursday that it had cleared the $34 billion merger deal between Bunge and the Glencore-backed company Viterra.
Cereals
EU clears Bunge and Viterra’s $34 billion merger deal
U.S. grains: Corn prices near four-year low, trapped below $4/bushel
Reading Time: 2 minutes U.S. corn and soybean futures fell to their lowest levels in nearly four years on Thursday as forecasts for cool, rainy weather in the Corn Belt boosted yield expectations, analysts said.
Feed Grain Weekly: Weather, low U.S. prices affecting Prairie markets
Reading Time: 2 minutes Glen Loyns, trader and general manager for JGL Commodities in Moose Jaw, Sask., said while the recent heat and dryness has reduced yield expectations, prospects of a decent harvest are still putting pressure on prices.
POGA elects Bott, Ralph as co-presidents
Reading Time: < 1 minute The Prairie Oat Growers Association (POGA) has elected Ambrely Ralph and Greg Bott as co-presidents, the organization announced today.
Russia maintains grain harvest forecast despite bad weather
Reading Time: < 1 minute Russia has maintained its official grain harvest forecast for this year at 132 million metric tons despite adverse weather conditions across many grain-producing regions, said Deputy Prime Minister Dmitry Patrushev, who oversees the agriculture sector.
U.S. grains: Chicago corn falls below $4 on beneficial weather
Reading Time: 2 minutes Chicago December corn futures settled below $4 and hit a contract low on Wednesday as favorable U.S. crop prospects weighed and farmers began selling their hefty supplies of old crop corn, traders said.
CBOT weekly: Good weather weighs on soybeans/corn, with more room to downside
Reading Time: < 1 minute A lack of any major weather concerns kept soybean and corn futures at the Chicago Board of Trade trending lower during the last week of July, with many months hitting contract lows.
Manitoba Crop Report: Early crops ready for harvest
Reading Time: 2 minutes Fields across Manitoba saw variable amounts of precipitation as crops continued to develop under hotter temperatures during the week ended July 28, according to the province’s weekly crop report.
U.S. grains: Soy tumbles to 2020 lows as rains seen aiding US crops
Reading Time: 2 minutes Chicago soybean prices plunged on Monday to the lowest since October 2020, as forecasts for rain in the U.S. crop belt alleviated concerns over the potential impact on crop yields from hot and dry weather.
Global shipping costs could ease as congestion improves: FCC economist
Reading Time: 2 minutes Global shipping bottlenecks appear to be easing and could make way for lower shipping costs, though fuel prices remain a wildcard according to analysis from Farm Credit Canada (FCC).