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(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soybeans rise as drought withers crops in Argentina

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures on Wednesday rose for the sixth time in seven sessions on expectations that a drought-reduced crop in Argentina would buoy demand for U.S. supplies. Gains were limited by plentiful global supplies and strong production prospects in Brazil. Wheat slipped to a two-week low, pressured by high world supplies […] Read more
Canola, Crops, Markets

ICE weekly outlook: Canola hits resistance

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Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts moved higher over the past week, but may be running into resistance to the upside. “I’m sensing that canola is at the top end of the range,” said Errol Anderson of ProMarket Communications in Calgary, noting much of the recent strength was tied to advances in Chicago […] Read more
(USDA.gov via Flickr)
Crops, Markets, Reuters

USDA lowers U.S. corn stocks view as exports rise

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Reading Time: 2 minutes Washington | Reuters — Surging export demand for U.S. corn will cut into domestic stockpiles of the grain by more than expected, the U.S. Agriculture Department said on Thursday. But U.S. soybean stocks were forecast to rise as a bumper harvest in Brazil will allow overseas buyers to source their oilseed purchases from the South […] Read more
(Lisa Guenther photo)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: USDA report delivers no surprises

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Reading Time: 2 minutes CNS Canada — The latest report released from the U.S. Department of Agriculture had no surprises for traders at the Chicago Board of Trade (CBOT), leaving the March corn and soybean contracts little changed. “I think that brokers right now are on the phone talking to their customers, probably some co-ops, elevators are also, and […] Read more
(Dave Bedard photo)
Crops, Reuters

Brazilian antitrust agency approves Bayer-Monsanto tie-up

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Reading Time: 2 minutes Brasilia | Reuters — Brazilian antitrust agency Cade on Wednesday approved Bayer’s proposed takeover of U.S. seeds company Monsanto without requiring further asset sales beyond a global proposal announced last October. Cade’s commissioners voted 4-2 in favour of the tie-up under an agreement, negotiated between the companies and global antitrust agencies, that included the sale […] Read more
(Staff photo)
Crops, Reuters

Nutrien sees demand growth cooling, margins shrinking

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Reading Time: < 1 minute Reuters — Nutrien, the Canadian fertilizer and farm supply dealer created from the merger of Agrium and PotashCorp this year, said it expected demand growth for potash in China and India to cool down in 2018. Nutrien, the world’s biggest fertilizer company by capacity, also said higher input costs would shrink nitrogen and phosphate margins. […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soybeans fall on weak exports, bumper Brazil harvest

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dropped for a second straight day on Thursday on technical selling and profit taking following government data showing lower-than-anticipated U.S. export sales last week. Forecasts for rain and cooler temperatures in Argentina by mid-February and an accelerating soy harvest in Brazil further weighed on prices. Corn and wheat […] Read more
(Lisa Guenther photo)
Corn, Crops, Markets, Soybeans, Winter Wheat

CBOT weekly outlook: Futures get weather boost

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Reading Time: 2 minutes CNS Canada — The troublesome weather that gave Chicago Board of Trade (CBOT) corn, soybean and wheat contracts a boost over the past week should remain supportive, despite nearby technical setbacks, according to a trader. “I’m still slightly bullish on beans, corn and wheat given the unfavourable weather situation in South America, with too much […] Read more
Crops, Markets, Reuters

U.S. grains: Winter wheat jumps as crop conditions drop

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Reading Time: 2 minutes Chicago | Reuters — U.S. winter wheat futures surged to their highest in at least four months on Tuesday, led by a more than three per cent rally in hard red winter wheat, after the government slashed condition ratings for the drought-hit U.S. Plains crop. Soybeans and corn also advanced on technical buying and short […] Read more

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