CBOT December 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat soars to five-year high

Corn hits 14-month high; soybeans up slightly on Chinese buying

Chicago | Reuters — Chicago wheat futures rallied to five-year highs on Thursday, as cuts to Argentina’s wheat outlook brought into focus the potential global supply damage possible due to dryness in top wheat producing countries, trader said. Corn followed wheat, climbing to 14-month highs and soybeans ended higher as exports continue. The most-active wheat



(Jack Dykinga photo courtesy ARS/USDA)

Brazil millers oppose sale of GMO wheat

Importing costs would rise, Abitrigo says, as Argentina approves new wheat

Sao Paulo | Reuters — Brazilian wheat millers association Abitrigo opposes the approval of genetically modified wheat products for sale in Brazil, saying it will make imports of the cereal more costly and impact prices on the domestic market. The statement comes after Argentine authorities approved a new genetically modified wheat that can resist drought

File photo of a wheat crop in Argentina. (Gracieross/iStock/Getty Images)

Argentina approves drought-tolerant GM wheat

Variety would need Brazil approval before going commercial

MarketsFarm — Argentina has become the first country in the world to approve cultivation and consumption of a genetically modified wheat variety, the country’s National Commission for Science and Technology (CONICET) announced Thursday. “This is the first approval in the world for drought-tolerant genetic transformation in wheat,” CONICET said in a statement. Argentina is the


Argentina planning temporary cut on soy export taxes

Farm industry sources say the move should spur more exports from the Latin American nation

Argentina plans to temporarily cut soybean and soymeal export taxes by three percentage points to 30 per cent to help stimulate export revenue as the country struggles with recession and dwindling foreign reserves, a local industry source said Oct. 1. The tax cut would last until the end of the year. The export levy would

CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn hits seven-month top on tightening stocks

Chicago November soybeans end flat, December wheat down

Chicago | Reuters — U.S. corn futures rose to a seven-month peak on Thursday, boosted by strong export sales and bullish government data indicating domestic stocks were smaller than expected, traders said. However, corn settled off its highs and soybean futures erased gains to end flat, under pressure from an influx of grain sales by


Soy versus corn?

Soy versus corn?

Argentine farmers weigh high prices, dryness as planting season hits

High soy prices are expected to support planting in Argentina this season, but that will be balanced by dry weather, which is driving farmers across the Pampas Grains Belt to favour late-season corn, which also has attractive prices. Argentina is the world’s top exporter of soymeal. Soy, which is the country’s main cash crop, competes

CBOT December 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy extends climb, wheat jumps

Dry weather elsewhere supports wheat futures

Chicago | Reuters — Chicago soybean futures extended their bull run on Friday, reaching a two-year top as top global buyer China continued with daily purchases of U.S. soybeans. Wheat futures surged more than three per cent on fears of tightening supplies from key exporters, and corn futures rose for a third straight session. Chicago


CBOT December 2020 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn gains as Iowa yields falter on storm damage

Soybeans even near seven-month high; wheat down slightly on Russian yield forecast

Chicago | Reuters — Chicago corn rose on Friday after a U.S. Midwest crop tour found storm damage across top corn-growing state Iowa. Meanwhile, soybeans ended lower as tropical storms in the U.S. Gulf offered hope for much-needed rain in parts of the Midwest, offsetting strong export demand. And wheat rallied late in the day

Piglets look out from a fence at Cabanas Argentinas del Sol pig farm in Marcos Paz, southwest of Buenos Aires in December 2008.  Photo: Reuters/Enrique Marcarian

Argentina nears China hog deal it hopes could turbocharge local pork production

Buenos Aires | Beijing | Reuters – Argentina is nearing an initial agreement with China that could pave for the way for potential investments by the Asian giant in local pork production for export, Argentina’s undersecretary of trade and investment promotion told Reuters. That could eventually lead to Chinese-backed hog farms in the South American