Chicago | Reuters — U.S. soybean futures rebounded on Tuesday after three sessions of declines on steady export demand and higher soymeal prices, although gains were capped by beneficial rains in dry production areas of Brazil, the world’s top supplier. Corn futures eased on a bumper U.S. harvest and sluggish export demand. Wheat was mixed,
U.S. grains: Soybeans rebound on strong exports, soymeal
Monsanto clears USDA regulatory hurdle for new GM corn
Chicago | Reuters — The U.S. Department of Agriculture on Friday signed off on a new genetically modified type of corn developed by Monsanto after a review concluded it posed no significant threat to agricultural crops, other plants or the environment. USDA’s Animal and Plant Health Inspection Service (APHIS) announced it would deregulate Monsanto’s MON
Cargill Q1 profit jumps despite commodities slump
Chicago | Reuters — Global commodities trader Cargill Inc. effectively navigated tumbling commodities markets and volatile currencies to turn in a 20 per cent gain in first-quarter profit, the privately held company said Wednesday. The Minnesota-based company’s grain and oilseed supply chain and energy businesses were standouts in the quarter ended Aug. 31, in stark
CHS says Viterra intriguing at right price
Chicago | Reuters — U.S. farm co-operative and grains trader CHS Inc. would be interested in the Canadian grain handling assets of embattled commodities trader Glencore, but only if they came at a discounted price, CHS CEO Carl Casale said in an exclusive interview. As part of a debt-reduction plan, Swiss-based Glencore has said it
U.S. grains: Soybeans bounce from six-year low
Chicago | Reuters — U.S. soybean futures rebounded from near six-year lows on Thursday in a short-covering bounce and as weekly government data showed solid soybean and soymeal export sales last week. Corn edged higher, hovering close to last session’s one-week peak after field reports from an annual crop tour suggested the country’s output may
U.S. grains: Soybeans drop to near six-year low on rains
Chicago | Reuters –– U.S. soybean futures fell to multi-year lows on Wednesday in a broad-based commodities selloff and as widespread rains in the U.S. Midwest were expected to boost yields. Wheat hit lows for several contract months, pressured by sluggish demand and hefty global supplies, but ended above session lows. Corn, however, notched modest
U.S. grains: Soybeans drop on rainy U.S. Midwest outlook
Chicago | Reuters — U.S. soybean futures fell 1.5 per cent on Tuesday, pressured by concerns about cooling demand from top importer China and forecasts for rain in the U.S. Midwest at a key point in the crop’s development. Corn firmed as a weekly U.S. Department of Agriculture report showed a slight decline in the
U.S. grains: Midwest’s weather weighs down corn, soybeans
Chicago | Reuters –– U.S. soybean futures were slightly higher on Monday as early support from government data on unplanted acres was largely offset by pressure from a rainy U.S. Midwest forecast that should bolster the crop at a key stage of development. Corn closed weak, anchored by favourable crop weather, while wheat shed more
U.S. grains: Soybeans rally on eroding crop prospects
Chicago | Reuters –– U.S. soybean futures jumped more than two per cent on Friday and registered their first weekly gain in five weeks, helped by signs of improving export demand and expectations that the U.S. government will trim its harvest forecast in a monthly crop report next week. Corn and wheat futures firmed on
Cargill posts Q4 loss on one-time charges, revenue down
Reuters — Cargill Inc. on Thursday became the latest large agribusiness to report disappointing quarterly results as one-time charges and slowing economies in key emerging markets stung the privately held global commodities trader. Minnesota-based Cargill said it lost a net $51 million in the fiscal fourth quarter ended May 31, compared with a profit of