Drought-resistant wheat may appeal to farmers in that region, where crops such as corn and soybeans have recently faced water stress.

Brazil approves cultivation of GM wheat

Only Argentina had approved a biotech wheat until now

Brazil has become the second country in the world, after Argentina, to approve the cultivation of genetically modified wheat, following a decision by the nation’s biosecurity agency CTNbio. The approval request was made by plant genetics company Tropical Melhoramento e Genetica, a partner in Brazil of Argentina’s Bioceres, which has developed a variety of drought-resistant

A dried-out corn crop next to cotton planted into a dried-out cornfield at Tostado in Argentina’s northern Santa Fe province, on Feb. 8, 2023. (Photo: Reuters/Miguel Lo Bianco)

CBOT weekly outlook: Argentina estimates lowered, but attention soon shifting north

U.S. corn, soyoil export outlooks 'a little concerning'

MarketsFarm — Sizeable reductions to Argentina’s soybean and corn crops were confirmed in the latest supply/demand estimates (WASDE) from the U.S. Department of Agriculture, with more reductions likely in future reports. However, attention in the markets is starting to shift to North American weather, with spring seeding just around the corner. “The USDA was a


CBOT May 2023 soft red winter wheat with Bollinger bands (20,2). (Barchart)

U.S. grains: Wheat at 18-month low on Black Sea deal hope

Soybeans boosted by slash to Argentina harvest

Chicago | Reuters — Chicago wheat futures on Wednesday fell to their lowest point in 18 months on expectations for a Black Sea grains deal and continued poor demand for U.S. exports. “Wheat was down most of the day, initially on talk of corridor extension talks, then off a lackluster WASDE report,” Charlie Sernatinger of

A dried-out corn crop next to cotton planted into a dried-out cornfield at Tostado in Argentina’s northern Santa Fe province, on Feb. 8, 2023. (Photo: Reuters/Miguel Lo Bianco)

CBOT weekly outlook: It still comes down to South America

Continent's soy situation conflicting

MarketsFarm — Although the U.S. Department of Agriculture (USDA) is set to issue its next supply and demand estimates on March 8, what’s going on in South America continues to dominate the Chicago Board of Trade (CBOT), according to Andrew Mages of Progressive Ag in Fargo, N.D. “Typically it’s not the most important report because


frost on soybeans

Early frosts in Argentina threaten drought-stricken soy, corn crops

Early frosts could hurt Argentina’s already beleaguered soy and corn crops in the south of the country’s main farming region, the Buenos Aires grains exchange said February 16 in a report. Argentina’s worst drought in six decades has already forced farmers to delay planting this season’s soy and corn crops, lowering expectations for the season’s

CBOT March 2023 soybeans with 20-day moving average (right column) and CBOT March 2023 soyoil (dark green line, left column). (Barchart)

U.S. grains: Soy, corn hit one-week highs on Argentina weather worries

Firmer U.S. dollar drags on CBOT wheat

Chicago | Reuters — U.S. soybean and corn futures hit their highest in a week and soyoil touched a one-month peak on Tuesday as worries about crop prospects in drought-hit Argentina supported prices, analysts said. “It’s all about drought in Argentina… and adding more risk premium,” said Don Roose, president of Iowa-based U.S. Commodities. “The


ICE March 2023 canola with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Canola drifting lower

Near-record soy still expected from South America

MarketsFarm — ICE Futures canola contracts drifted lower during the week ended Wednesday, although values remained rangebound overall. “The market is maybe coming to the realization that we still have near-record South American (soybean) supplies on hand,” Ken Ball of PI Financial in Winnipeg said of the downtrend. While Argentina has suffered crop losses from

File photo of wild birds in flight over a lake in Uruguay. (Paz Roca/iStock/Getty Images)

More South American nations report bird flu cases

Brazil still remains free of contagion

Sao Paulo | Reuters — The confirmation of more bird flu cases in South America raised alarm bells in Brazil, which remains free of contagion even after its close neighbours Argentina and Uruguay confirmed cases there on Wednesday. In a press conference to discuss the global sanitary hazard, Brazilian Agriculture Minister Carlos Favaro said Brazil,


File photo of a cornfield in Argentina. (Reisegraf/iStock/Getty Images)

Revisions possible for Argentina corn, wheat carryouts

USDA attache has eyes on drought conditions

MarketsFarm — There should be changes to 2022-23 Argentina corn and wheat endings stocks, according to the U.S. Department of Agriculture’s (USDA) attaché in Buenos Aires. The Global Agricultural Information Network (GAIN) report cited a sharp increase in the carryover for corn and a smaller bump up when it came to wheat. The effects of

CBOT March 2023 soybean meal with 20- and 100-day moving averages (yellow and green lines, right column) and CBOT March 2023 soybeans (blue line, left column). (Barchart)

U.S. grains: Soymeal touches highest since 2014

Spec buying, Argentina weather lifts meal futures; CBOT March corn, wheat, soybeans also up

Chicago | Reuters — U.S. soymeal futures hit their highest in almost nine years on Monday on speculative buying and uncertainty about crop prospects in Argentina, despite recent rains, analysts said. Surging soymeal values lifted soybean futures, while corn and wheat rose on worries about the future of Ukraine’s safe shipping channel for grain exports.