Chicago | Reuters –– U.S. wheat futures closed at their lowest level in three weeks on Wednesday as grain markets came under renewed pressure from large global supplies and lackluster export demand. Egypt, the world’s top wheat importer, bought 120,000 tonnes of Argentine wheat in a tender that highlighted the intense competition U.S. sellers face
U.S. grains: Wheat drops to three-week low on supplies
USDA regulators approve new Syngenta corn trait
Chicago | Reuters — Syngenta on Wednesday cleared one U.S. regulatory hurdle toward domestic marketing of corn seeds containing a trait that is genetically engineered to resist weed killers including glyphosate. The U.S. Department of Agriculture’s Animal and Plant Health Inspection Service (APHIS) said it will no longer regulate the Syngenta Seeds corn trait known
U.S. grains: Rising dollar knocks corn near two-month low
Chicago | Reuters — U.S. grain futures slumped on Friday under pressure from the rising U.S. dollar, with corn futures approaching a two-month low. “Everybody’s looking at the dollar,” said Jim Gerlach, president of A/C Trading in Indiana. “That’s the only story right now.” The dollar jumped more than one per cent to a seven-month
U.S. grains: Soy nears three-week low on Brazil rains, demand worries
Chicago | Reuters – U.S. soybean futures dropped to their lowest levels in nearly three weeks on Wednesday on expectations for rains to benefit plantings in Brazil, the world’s top exporter. Concerns about slowing demand from China, the world’s top importer, added pressure to prices. Rain showers in Brazil will help farmers move forward with planting
California considers adding meat to cancer-alert list
Reuters — California is examining new World Health Organization findings to determine whether to add red meat and foods such as hot dogs, sausages and bacon to a cancer-alert list, setting the stage for a potential battle with the meat industry over warning labels. The inclusion of meat and processed meat on the list could
U.S. grains: Soyoil tops two-month high on export sales
Chicago | Reuters — U.S. grain and oilseed futures advanced on Wednesday, with export sales driving soybean oil prices to their highest in more than two months. Exporters struck deals to sell 40,000 tonnes of U.S. soybean oil, including 20,000 to China and 20,000 to unknown destinations, the U.S. Department of Agriculture said. The deals
ADM increases stake in Wilmar
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
U.S. grains: Soy jumps on USDA’s surprising cut in acres
Chicago | Reuters — U.S. soybean futures jumped to a one-week high on Friday after the U.S. Department of Agriculture lowered its domestic production estimate more than analysts had expected. Corn futures touched a two-week low on bigger-than-expected U.S. production and inventory estimates in the agency’s monthly crop reports. USDA surprised traders in both markets
U.S. grains: Harvest pressure hits prices before crop reports
Chicago | Reuters — U.S. grain futures on Thursday extended a setback from 10-week highs reached a session earlier, pressured by an influx of fresh supplies from U.S. harvests and profit taking ahead of the release of highly anticipated crop data. Soybeans also fell, snapping a three-day rally before the U.S. Department of Agriculture issues
U.S. grains: Profit-taking, advancing harvests snap rallies
Chicago | Reuters –– U.S. grain futures retreated from their highest prices in more than two months on Wednesday under pressure from advancing U.S. harvests and profit-taking ahead of key crop reports. Declines in corn snapped a four-day rally that was fuelled by expectations the U.S. Department of Agriculture will trim its production estimates in
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