Reading Time: 2 minutes On what would have been a bearish week on the Chicago Board of Trade ending Dec. 27, prices received a sharp boost as trading resumed after Christmas.
Corn
CBOT weekly outlook: Late Christmas gift for futures
Re-opening of U.S./Mexico rail crossings boosted corn, dryness lifted soybeans
China approves seed firms for GMO corn and soybeans
The world's biggest buyer of soybeans and corn wants to reduce its reliance on imports
Reading Time: 2 minutes China has approved a first batch of seed companies to breed and sell genetically modified corn and soybean seeds, paving the way for commercial planting of GMO grains in a move that could cut its reliance on imports from the U.S. and Brazil.
U.S. grains: Chicago soybean, grain futures firm ahead of holidays
Railways between U.S. and Mexico reopened five days after key trade routes closed
Reading Time: < 1 minute Chicago Board of Trade soybean and grain futures firmed on Friday, as traders adjusted their positions before the year-end holidays after a flurry of economic data showed underlying inflation pressures continuing to ease.
US reopens key rail crossings between Texas and Mexico
American, Mexican agriculture groups express relief
Reading Time: 2 minutes U.S. Customs and Border Protection (CBP) said operations resumed at 2 p.m. ET at the international railway crossing bridges in Eagle Pass and El Paso, Texas. The closures had prompted alarm from railroads, the agriculture industry and some lawmakers over the economic impact to halted export trade.
More local barley destined for rations, but U.S. corn still moving
Prior to drought year 2021/22, Canadian corn imports had rarely topped two million tonnes
Reading Time: < 1 minute Recently revised supply/demand tables from Agriculture and Agri-Food Canada raised the forecast for domestic barley usage in the current crop year to 6.155 million tonnes. That compares with an earlier forecast of 5.471 million tonnes. If realized, that would be up by roughly 200,000 tonnes from the previous year.
U.S. grains: Soybeans fall on Brazilian rain forecasts
Corn up on technical bounce, wheat up on weaker dollar
Reading Time: 2 minutes Chicago soybean futures fell on Thursday as traders focused on forecasts calling for rain in Brazil, tempering some concerns over yield losses in the world's top oilseed exporter.
China to push for higher grain yields to ensure food security
Chinese corn breeders are preparing to double the amount of GMO corn planted next year
Reading Time: 2 minutes China, the world's top buyer of soy and corn, will push for higher grain yields across large areas of farmland as it seeks to ensure food security for its huge population, state media reported on Wednesday, citing an annual rural policy meeting.
U.S. grains: Chicago corn futures hit new lows
Exports being lost because of US-Mexico rail crossing closures, industry says
Reading Time: 2 minutes Chicago front-months' corn contracts hit new lows on Wednesday after the U.S. government closed two key rail crossings into Mexico, the top importer of U.S. corn, in response to rising migrant crossings.
U.S. grains: Chicago soybeans turn lower on rain forecast in Brazil
Wheat futures rose on a technical bounce
Reading Time: 2 minutes Chicago soybean futures turned lower on Tuesday, as weather forecasts called for Brazil's dry crop belts getting some much-needed rainfall in the coming days.
U.S. grains: Soybeans rally as Argentina seeks to raise meal, oil export taxes
Good export demand also underpinned soybeans
Reading Time: 2 minutes U.S. soybean futures clawed back early losses and ended higher on Monday on good U.S. export demand and after Argentina's new government said it would raise export taxes on soymeal and soyoil in the world's supplier of the soy products.