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The Archer Daniels Midland Co. (ADM) logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 3, 2018. Photo: REUTERS/Brendan McDermid
Markets, Reuters

ADM profit more than doubles on strong crush margins, vegoil demand

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Reading Time: 2 minutes Global grain trader Archer-Daniels-Midland Co said on Tuesday its third-quarter profit more than doubled, as strong oilseed crushing margins and rising vegetable oil demand boosted its core agricultural services and oilseeds unit. The Chicago-based U.S. grains merchant is anticipating the favorable demand and margin environment to continue supporting results in the fourth quarter and foresees […] Read more
Photo: Thinkstock
Crops, Markets, Reuters

U.S. grains: Wheat surges on supply concerns, as soybeans firm on vegetable oils

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Reading Time: 2 minutes Chicago | Reuters – Chicago wheat futures surged to a two-month high on Monday, as heavy world demand and worries about the global availability of high-protein wheat extended market gains. Soybeans were also firm, helped by renewed strength in the energy and vegetable oil markets. The most-active soft red winter wheat contract on the Chicago […] Read more
The Co-op Ethanol Complex at Belle Plaine, Sask. (FCL.crs)
Cereals, Corn, Crops, Machinery, Weather

Co-op to capture carbon at ethanol plant, refinery

FCL, Whitecap sign agreement to sequester fuel plants' CO2

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Reading Time: 2 minutes A major Prairie ethanol and fuel producer is posed to spend just over half a billion dollars on a system to capture and sequester carbon dioxide from its operations in Saskatchewan. Federated Co-operatives announced Thursday it had signed a memo of understanding with Calgary-based ‘clean energy’ company Whitecap Resources, in which the latter company will […] Read more
A cornfield in Mexico’s Chihuahua state. (Undefined undefined/iStock/Getty Images)
Corn, Crops, Markets, Reuters

Mexico won’t limit GMO corn imports from U.S., ag minister says

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Reading Time: < 1 minute Ankeny, Iowa | Reuters — Mexico’s agriculture minister said the country would not limit imports of genetically modified (GMO) corn from the United States during a meeting with U.S. Agriculture Secretary Tom Vilsack in Iowa on Wednesday. Mexico published an executive order late last year that sought to ban in three years the use of […] Read more
CBOT December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and dark green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat firms on global supply concerns

Fertilizer risks underpin corn; soybeans weighed by harvest, firmer crush lends support

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Reading Time: 2 minutes Chicago | Reuters — Chicago wheat rose on Friday, supported by global supply concerns and an easing dollar. Corn followed wheat higher, but gains were dragged down by pressure from a lower soybean market as U.S. farmers reap better-than-expected harvests of the oilseed. The most-active wheat contract on the Chicago Board of Trade (CBOT) ended […] Read more
CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy down on South American weather, technical pressure

Firm U.S. dollar weighs on wheat; rising crop input costs supportive for corn

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Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures fell on Thursday after five straight sessions of gains, pressured by technical resistance and beneficial forecasts for rain in top export competitor Brazil. Wheat eased from a two-week high hit earlier on Thursday as weaker crude oil prices and a firmer U.S. dollar offset tightening global supplies. Corn […] Read more
(Dave Bedard photo)
Crops, Markets

Feds tighten forecast for wheat carryout

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Reading Time: 2 minutes MarketsFarm — Canadian wheat carryout for the 2021-22 crop year will be even tighter than earlier forecasts, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released Wednesday. The October report included only minor adjustments for most crops, with the most notable change from September being a 500,000-tonne reduction in projected wheat ending […] Read more
MGEX December 2021 spring wheat (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat, corn, soy futures up with global demand

MGEX December wheat at nine-year high

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures hit a two-week high on Wednesday and soybean futures also advanced, supported by brisk global demand, firm cash markets and surging vegetable oil prices. U.S. wheat futures rose as Minneapolis Grain Exchange spring wheat futures set a nine-year top on tightening global supplies of high-quality milling wheat. Additional […] Read more
Detail on the Chicago Board of Trade building. (Kevinstack22/iStock/Getty Images)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Soy, corn strength impressive for time of year

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Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade have posted solid gains over the week ended Wednesday, recovering after bearish yield and stocks data from the U.S. Department of Agriculture sparked a selloff a week earlier. Terry Reilly of Futures International in Chicago used “pretty impressive” to describe the latest strength […] Read more
Environment and Climate Change Canada has previously stated that biofuel blends under the Canada’s Clean Fuel Standard could reach 15 per cent ethanol by 2030.
Guide Business

Pump on or plug in?

If the ethanol market collapses, global grain markets will sink under the biggest gluts in history. But don’t write your farm’s epitaph just yet

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Reading Time: 8 minutes Everywhere you look, the headlines all seem to say that it’s inevitable. Electric motors are the future. The internal combustion engine is heading the same way as the horse and buggy. Make no mistake. Change is definitely on the horizon. In August, President Joe Biden signed an executive order requiring half of all new vehicles […] Read more

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