Reading Time: 2 minutes Organic food firm SunOpta Inc. has stepped out of the U.S. organic corn and soybean business in a $66.5 million deal with Minnesota-based organic startup Pipeline Foods. Mississauga-based SunOpta announced Monday it closed a deal with Pipeline last Friday for the Canadian firm’s organic and “specialty” soy and corn operations, which include five plants in […] Read more
SunOpta sheds U.S. Midwest organic corn, soy business
Corteva wins final OK for global launch of Enlist E3 soy
Reading Time: 2 minutes Chicago | Reuters — DowDuPont has won the final international regulatory approval needed, from the Philippines, for a global launch of a new line of genetically engineered soybeans, the company said on Thursday. The approval means seed companies can sell the soybeans, named Enlist E3, to farmers for planting as early as this spring without […] Read more
CBOT weekly outlook: Soy in ‘little bit of a free fall’
Reading Time: 2 minutes Soybeans, wheat and corn have been trading generally lower of late on the Chicago Board of Trade (CBOT). In particular soybeans are in “a little bit of a free fall,” said Terry Reilly, senior agriculture futures analyst with Futures International in Chicago. “It’s purely technical. We closed below the 100-day moving average (Tuesday) based on […] Read more
CBOT weekly outlook: All eyes on March 1 trade deadline
Reading Time: 2 minutes As high-level trade talks are underway in Beijing this week between the U.S. and China, commodity markets are watching carefully, said an analyst following the Chicago Board of Trade. “All eyes are on March 1,” said Steve Georgy of Allendale Inc. Should negotiators fail to make any progress toward resolving the U.S./China trade war, the […] Read more
CBOT weekly outlook: Quiet markets wait on USDA reports, China sales
Reading Time: 2 minutes Pending the release of U.S. Department of Agriculture (USDA) reports on Friday, trading on the Chicago Board of Trade (CBOT) has remained quiet, according to one broker, who was cautious about U.S. soybean sales to China. Following the 35-day partial U.S. government shutdown that ended Jan. 25, USDA will have taken two weeks to prepare […] Read more
CBOT weekly outlook: Soy, corn follow trade talks closely
Reading Time: 2 minutes Talks between the U.S. and China taking place in Washington this week are being followed closely by Chicago Board of Trade soybean and corn traders, with optimism over improving relations between the two countries helping prop up the futures. “The U.S./China talks will be on the top of all traders’ minds,” said Terry Reilly, of […] Read more
EU seeks to soothe U.S. by clearing soybeans for biofuel
Reading Time: 2 minutes Reuters — The European Commission said on Tuesday it had concluded that U.S. soybeans can be used in biofuels in the European Union, part of the bloc’s push to improve strained trade relations with the United States. However, industry sources said it was unlikely to lead to a flood of additional U.S. soybean imports into […] Read more
CBOT weekly outlook: Brazil, China drive U.S. commodities
Reading Time: 2 minutes With little data filtering out of the U.S. Department of Agriculture (USDA), news from Brazil and trade negotiations with China are currently driving futures contracts on the Chicago Board of Trade (CBOT). “It’s Brazilian weather over there and the Chinese negotiations, which sometimes are on and sometimes aren’t,” said Jack Scoville of Price Futures Group […] Read more
CBOT weekly outlook: Lack of USDA reports taking toll
Reading Time: 2 minutes CNS Canada — A lack of reports from the U.S. Department of Agriculture (USDA) because of the partial U.S. government shutdown is taking its toll on the Chicago Board of Trade. As of Wednesday, the partial shutdown of the U.S. government is in its 26th day and affecting USDA. One of the department’s key functions, […] Read more
Canola, corn, soy traits to move forward with China approvals
Reading Time: 3 minutes Approvals from China are expected to allow several major trait developments to move ahead in Canadian canola, corn and soybean fields. The Reuters news service on Tuesday reported safety certificate approvals from China’s ministry of agriculture and rural affairs for biotech traits including: Bayer’s 88302, or TruFlex canola, approved in Canada since 2012; BASF’s RF3, […] Read more
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