Reading Time: 2 minutes Washington | Reuters — The U.S. soybean and corn harvests will be the biggest ever this fall, according to a U.S. Agriculture Department monthly outlook that boosted yield and production forecasts for both crops above market expectations. USDA on Friday pegged the corn crop at 15.153 billion bushels, based on an average yield of 175.1 […] Read more
USDA sees record U.S. corn, soy crops after good July weather
China backs GMO soybeans in push for high-tech agriculture
Reading Time: 2 minutes Beijing | Reuters — China will push for the commercialization of genetically modified soybeans over the next five years as it seeks to raise the efficiency of its agriculture sector, potentially boosting output of the crop by the world’s top soy importer and consumer. China, which has spent billions of dollars researching GMO crops, has […] Read more
CBOT weekly outlook: Soy, corn stuck in place ahead of USDA data
Reading Time: 2 minutes CNS Canada — Soybean and corn markets at the Chicago Board of Trade are trading in tight ranges ahead of key data from the U.S. Department of Agriculture. But increased global demand for U.S. commodities could underpin prices going forward, one U.S. analyst says. Soybeans – “We’re all just waiting,” said Scott Capinegro of Chicago-based […] Read more
Ontario farmers ready for Roundup Ready 2 Xtend soy
Reading Time: 2 minutes CNS Canada — Soybean producers in Ontario are eager to start planting next season with new ammunition against Canada fleabane. Monsanto’s Roundup Ready 2 Xtend soybeans, genetically modified with a tolerance to dicamba and glyphosate herbicides, were recently approved for import by the European Union. Monsanto planned to introduce Xtend soybeans in Canada for the […] Read more
CBOT weekly outlook: Yield prospects key for soybeans, corn
Reading Time: 2 minutes CNS Canada — Corn and soybean futures at the Chicago Board of Trade recorded losses during the week ended Wednesday, as expectations of massive crops and high yields edge closer to becoming a reality. “Since weather isn’t a major issue anymore, (traders) will be watching for potential record crop production sizes in the U.S.,” said […] Read more
EU approves Monsanto Roundup Ready 2 Xtend beans
Reading Time: < 1 minute Reuters — The European Commission on Friday approved imports of Monsanto’s Roundup Ready 2 Xtend genetically modified soybeans, opening up an important export market for North American soybeans and easing their global rollout. The decision removes a hurdle for Monsanto in its dealings with farmers and grain traders, who have to keep track of whether […] Read more
CBOT weekly outlook: Corn, soy enter temperature-driven phase
Reading Time: < 1 minute CNS Canada — Chicago Board of Trade corn and soybean futures are entering a period that is typically driven by weather concerns and little else. The U.S. Department of Agriculture on Tuesday released its world agricultural supply and demand estimates (WASDE) report. Both corn and soybeans improved in price after the report predicted lower-than-expected stocks […] Read more
First U.S. trader convicted of spoofing sentenced to jail
Reading Time: 2 minutes Chicago | Reuters — A U.S. judge sentenced futures trader Michael Coscia to three years in prison on Wednesday, a lighter punishment than prosecutors had sought for the first person criminally convicted of the manipulative trading practice of spoofing. Coscia also was sentenced to two years of supervised release from jail, in a case that […] Read more
Monsanto, DuPont sign supply deal for dicamba
Reading Time: 2 minutes Chicago | Reuters –– U.S. seed and agrochemical companies Monsanto and DuPont said on Thursday they have signed a multi-year supply agreement for the weed killer dicamba in the U.S. and Canada. Under the deal, whose terms were not disclosed, Monsanto will supply its farm seeds and chemicals rival with the herbicide, which will be […] Read more
CBOT weekly outlook: Favourable weather drops corn, soy prices
Reading Time: 2 minutes CNS Canada — Corn and soybean futures at the Chicago Board of Trade recorded losses during the week ended Wednesday, feeling pressure from favourable weather. Further declines are likely given the nearby forecasts, according to an analyst. “It’s all about the weather right now,” said Terry Reilly of Futures International in Chicago. “Over the weekend […] Read more
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