Reading Time: 3 minutes Buenos Aires | Reuters — The El Nino weather phenomenon is expected to start dumping torrential rains on Argentina next month, pushing farmers to plant more low-cost soy and less corn despite concern over lack of crop rotation in one of the world’s main food suppliers. Argentina, the No. 1 exporter of soymeal livestock feed […] Read more
El Nino seen pushing Argentina into planting more soy, less corn
CBOT weekly outlook: Corn, soybeans bearish on economic woes
Reading Time: 2 minutes CNS Canada — CBOT (Chicago Board of Trade) corn and soybean futures have abandoned fundamental trading in favour of moving alongside macro-markets, which for the most part are bearish. “It’s not all doom and gloom, but it sure isn’t pretty right now,” said Scott Capinegro, president at Barrington Commodity Brokers. Outside influencers have been prevalent […] Read more
East’s biggest oilseed crusher goes to Viterra
Reading Time: 2 minutes Eastern Canada’s biggest oilseed processing plant is poised to become part of Canada’s biggest grain handler. Regina-based Viterra announced last week it has signed a deal to buy the shares of Twin Rivers Technologies-Entreprises de Transformation de Graines Oleagineuses du Quebec, or TRT-ETGO, whose main asset is its canola and soybean crushing and refining plant […] Read more
Monsanto, rivals eye next step after Syngenta deal collapse
Reading Time: 2 minutes Chicago | Reuters –– Monsanto, having ditched an audacious US$46 billion offer for Syngenta, may downshift to a humbler strategy of beefing up its crop protection portfolio through other acquisitions, partnerships and licensing agreements. The deal’s collapse leaves Monsanto, Syngenta and other agrochemical sector companies facing a bleak landscape of plummeting grain prices and farm […] Read more
CBOT weekly outlook: Corn, soy to return to weather-based trading
Reading Time: 2 minutes CNS Canada — The biggest factor in Chicago Board of Trade (CBOT) corn and soybean trading has been the recent volatility in global markets. Once those concerns diminish, however, commodities will start moving with weather again — which is mostly bearish, according to one analyst. “Our markets, really, if you look at it, have fared […] Read more
Farmers in soy powerhouse Argentina start five-day sales strike
Reading Time: 2 minutes Buenos Aires | Reuters — Argentine farmers started a five-day crop sales strike on Monday, part of an election-year push in the world’s No. 3 soybean exporter to change policies that they say have killed profits under outgoing President Cristina Fernandez. The country is the biggest international supplier of soybean livestock feed, which has helped […] Read more
Monsanto sweetens offer for Syngenta
Reading Time: 3 minutes New York/Chicago | Reuters — U.S.-based Monsanto sweetened its offer to buy Switzerland’s Syngenta, valuing the company at around US$47 billion as it tries to lure the Swiss firm to the negotiating table, a person familiar with the matter said on Monday. Monsanto, which wants to combine its world-leading seeds business with Syngenta’s own seeds […] Read more
CBOT weekly outlook: Soy bearish, corn bullish ahead of tour results
Reading Time: < 1 minute CNS Canada — Chicago Board of Trade (CBOT) corn and soybean traders are eagerly awaiting the results of a multi-state crop tour, while concerns over Chinese demand are also overhanging the markets. The Pro Farmer Midwest Crop Tour’s full results are due to be released Friday. So far the tour has been bullish for corn, […] Read more
Scientists seek review of glyphosate, allege ‘flawed’ regulations
Reading Time: 2 minutes Reuters — U.S. regulators have relied on flawed and outdated research to allow expanded use of an herbicide linked to cancer, and new assessments should be urgently conducted, according to a column published in the New England Journal of Medicine on Wednesday. There are two key factors that necessitate regulatory action to protect human health, […] Read more
CBOT weekly outlook: Corn, soybeans face uncertain future
Reading Time: 2 minutes CNS Canada –– Chicago corn and soybeans both suffered heavy losses during the week ended Wednesday, as a supply and demand survey by the U.S. Department of Agriculture projected better-than-expected harvests. The report pegged U.S. corn output at 13.686 billion bushels while soybean output was pegged at 3.916 billion bushels. Both numbers were larger than […] Read more
A message from April Stewart, Country Guide's Associate Editor
