Reading Time: 2 minutes CNS Canada –– The ongoing U.S. harvest has pressured CBOT corn and soybeans in recent sessions, but support for the commodities will ramp up long-term, moving prices higher, according to a U.S. analyst. “I think you’re going to see demand improve and you’re going to see weather problems in South America emerge,” said Sean Lusk, […] Read more
CBOT weekly outlook: Corn, soybean prices expected to rise
ADM increases stake in Wilmar
Reading Time: < 1 minute Chicago | Reuters — U.S. grains trader Archer Daniels Midland has increased its stake in Wilmar International of Singapore, in its latest bid to expand in Asia. ADM’s purchases represented about 22 per cent of Wilmar shares traded on Singapore’s exchange on Tuesday, Wilmar said in a regulatory filing. Wilmar shares reached their highest price […] Read more
Feed: Frost pressures Australian barley
Reading Time: < 1 minute CNS Canada –– Following are a few highlights in the Canadian and world feed grains markets on Tuesday, Oct. 20. • The Grains Industry of Western Australia is predicting the area will harvest a 3.19 million-tonne barley crop in 2015-16. However, some recent frosts are casting questions on whether that mark will be reached. • […] Read more
Mitsui buys half of non-GMO U.S. grain, soybean handler
Reading Time: < 1 minute Reuters — The U.S. arm of Japanese commodities trader Mitsui has bought a 50 per cent stake in Bluegrass Farms of Ohio, a grain handler and breeder of non-genetically modified soybeans, the companies said Monday. The deal, which closed on Friday, is valued at about US$15 million including debt, said Bluegrass owner and CEO David […] Read more
Feed: Australian drought hurts grain production
Reading Time: < 1 minute CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Thursday, Oct. 15. • CBOT corn futures were posting small losses at midday Thursday, with the December contract quoted at US$3.77 per bushel, as the advancing U.S. harvest and relatively favourable yield reports weighed on values. • Drought […] Read more
CBOT weekly outlook: Corn, soy move on weather, interest from China
Reading Time: 2 minutes CNS Canada –– It’s a game of follow-the-leader in corn and soybean markets at the Chicago Board of Trade, according to one analyst — and short-term, neither looks especially bullish. “Beans have been the leader, corn is the follower, because we’re getting into the teeth of harvest,” said Scott Capinegro, senior broker for HighGround Trading […] Read more
Feed: Russia may plant more feed, U.K. less
Reading Time: < 1 minute CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Wednesday, Oct. 14. • CBOT corn futures were down by two to three cents per bushel (US$) at midday Wednesday, as the advancing U.S. harvest and relatively favourable yield reports weighed on values. • Barley futures on India’s […] Read more
EU lawmakers reject bill allowing opt-out from GM crop imports
Reading Time: < 1 minute Brussels | Reuters –– European lawmakers rejected a proposal Tuesday that would have allowed countries to restrict or ban the use of imported GM crops that have secured EU approval. The environment committee of the European Parliament rejected the draft law by 47 votes to three, many arguing that the proposal was unworkable and would […] Read more
Feed grains: Corn edging down, Japan looking for barley
Reading Time: < 1 minute CNS Canada –– Following are a few highlights in the Canadian and world feed grains markets on Thursday, Oct. 8. • CBOT corn futures were posting small losses Thursday morning, but were holding rangebound overall as traders were squaring positions ahead of Friday’s USDA monthly supply/demand report. December corn was trading at US$3.9450 per bushel […] Read more
Monsanto slashing 2,600 jobs, buying back shares as sales fall
Reading Time: 3 minutes Reuters — Monsanto, one of the world’s largest seed and agrichemical companies, said Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market. The company, which said it expected low prices for agricultural products to squeeze results well into 2016, also reported a much wider quarterly loss […] Read more
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