Futures for soybeans and corn on the Chicago Board of Trade are set to rise for two reasons, said Steve Georgy, president of Allendale Inc. in McHenry, Illinois — the planting progress being made by United States farmers and "seasonality"
Bayer is exiting the seed treatment equipment business in the United States to help the company's finances, according to an email sent to customers that was seen by Reuters on Wednesday.
Corn and soybean futures at the Chicago Board of Trade are expected to slowly recover by the end of March, said broker Ryan Ettner of Allendale Inc. in McHenry, Ill. However, the tariff policies of the Trump administration could easily redirect that trend.
U.S. soybean futures rebounded on Tuesday in a short-covering and bargain-buying bounce from the prior day's losses, although gains were limited by favorable crop prospects in South America, where Brazil is due to harvest a record crop early next year.
Farmers can ask for a final quality determination from the Canadian Grain Commission if they disagree with their grain grade or other quality assessment from the elevator
A monthly U.S. Department of Agriculture WASDE supply and demand report due next week will consider trade policies in place when the forecasts for grains and soybeans are issued, an agency official said on Thursday, as President Donald Trump suspended tariffs he imposed this week on Canada and Mexico.