U.S. corn and soybean futures fell on Friday as favourable weather in much of the Midwest boosted crop production potential and as traders squared positions ahead of the weekend, analysts said.
Reuters
U.S. grains: Corn, soybeans slip on profit-taking, favourable Midwest weather
China’s May soybean imports from Brazil jump 37.5 per cent year over year
China’s soybean imports from Brazil surged 37.5 per cent in May from a year earlier, data showed on Friday, as buyers scooped up South America’s bumper crop, while supplies from the United States also rose 28.3 per cent.
‘Amber waves of grain’ recede in America’s heartland as wheat farmers struggle
Midwestern farmers abandoning wheat crops as profits recede, weather challenges
The Great Plains have long been celebrated for the “amber waves of grain” in the popular hymn “America the Beautiful.” The region’s states produce most of the U.S.-grown crop of hard red winter wheat, favored by bakers for bread. But with prices hovering around $5 (C$6.86) per bushel, U.S. wheat farmers have reached an inflection point, with many forced to either lose money, feed wheat to cattle or kill off the crop.
Indian rapeseed meal exports soar as China replaces Canadian canola supply
China placed Canadian canola oil, meal under a 100 per cent tariff in March
China is set to make record purchases of rapeseed meal from India following Beijing's move to impose a 100 per cent retaliatory tariff on Canadian canola imports, senior industry officials said.
U.S. grains: Wheat surges four per cent on short-covering, lifting corn and soy
Benchmark Chicago Board of Trade wheat futures jumped more than four per cent on Wednesday as weather worries in parts of the United States and Europe, coupled with signs of fresh global export business, prompted speculators to cover short positions, brokers said.
USDA plans sterile fly facility in Texas to combat screwworm
U.S. Agriculture Secretary Brooke Rollins announced plans on Wednesday to open a sterile fly dispersal facility in Hidalgo County, Texas, as part of the country's effort to fight the encroachment of New World screwworm.
Brazil poised to declare itself bird flu ‘free,’ state official says
Brazil is ready to declare the country free of the bird flu virus on commercial flocks, Edivilson Brum, the head of Rio Grande do Sul state’s agriculture department, said on Wednesday in a statement.
Carney, Modi hold talks to reset India and Canada ties after tense two years
Canadian farmers hope to export more products, including lentils, to India says Pulse Canada
Canadian and Indian prime ministers Mark Carney and Narendra Modi held on Tuesday what they called a productive first bilateral meeting since then-Prime Minister Justin Trudeau accused New Delhi in 2023 of involvement in the killing of a Canadian Sikh separatist.
U.S. grains: Soybeans end higher, supported by crude oil; wheat rises, corn mixed
Chicago Board of Trade soybean futures closed higher on Tuesday, supported by rising crude oil prices and uncertainty about Midwest crop weather in the weeks ahead, while soyoil prices eased following a sharp two-day rally tied to stronger U.S. biofuel blending mandates.
ICE walks back limits on raids targeting farms, restaurants and hotels
Farmers fear intensified ICE enforcement will affect workforce
U.S. immigration officials have walked back limits on enforcement targeting farms, restaurants, hotels and food processing plants just days after putting restrictions in place, two former officials familiar with the matter said, an abrupt shift that followed contradictory public statements by President Donald Trump.
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