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CBOT July 2021 corn with Bollinger (20,2) bands. (Barchart)

U.S. grains: Corn up on another sale to China

CBOT wheat, soybeans fall

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Chicago | Reuters — U.S. corn futures rose for the second day in a row on Tuesday, supported by strong export demand as well as concerns that forecasts for dry weather in parts of the U.S. could stress the recently seeded crop, traders said. Wheat and soybean futures weakened on a technical setback after failing
MGEX July 2021 wheat with 20- and 100-day moving averages (orange, green lines) and CBOT July 2021 wheat (yellow line). (Barchart)
Crops, Markets

U.S. grains: Corn and soy mixed, wheat down

Wheats lower on weather view for U.S. Plains

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Chicago | Reuters — U.S. soybean and corn futures closed mixed on Monday, with nearby contracts firming on support from tight supplies and strength in the cash market, while forecasts for warm weather that will boost crop development in the U.S. Midwest pressured new-crop issues, traders said. “The outlook warmed up for the Midwest over
Corn seedlings on June 1, 2020. (Farmtario photo by John Greig)
Crops, Markets

U.S. grains: Corn, soy futures hit multi-year highs on supply fears

Dryness in Brazil fuels supply fears

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Chicago | Reuters — Concerns that global crop supplies will remain lean pushed Chicago Board of Trade corn futures to their highest price since March 2013 on Friday, while soybean futures reached their highest since October 2012. The markets surged before the weekend as traders braced for the potential of further rallies driven by tightening
CBOT July 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange, dark green lines). (Barchart)
Crops, Markets

U.S. grains: Corn tops $7 for first time since 2013 in most-active contract

High corn prices are not destroying demand, Bunge CEO says

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Chicago | Reuters — U.S. corn futures on Tuesday topped US$7 a bushel in the most-active contract for the first time since 2013 as unfavourably dry crop weather in Brazil kept attention on tightening global supplies. Surging prices have done little to curb robust demand for corn used to feed livestock and produce ethanol, opening
china pigs
News, Other

China moves to cut corn, soy in feed rations

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Given China’s current demand, some see such a move reshaping global grain flow

China issued guidelines on April 21 recommending the reduction of corn and soymeal in pig and poultry feed, a measure that could reshape the flow of grains into the world’s top corn and soybean buyer. China’s corn prices surged more than a third in the most recent year following a drop in output and state
Letters, Op/Ed

Letters: Cold War with China costs Prairie farmers

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According to a recently released report from the Canola Council of Canada, worsened relations with China since the December 2018 arrest of Huawei CFO Meng Wanzhou have cost Prairie farmers $1 billion or more. During the period March 6, 2019 to July 31, 2020 the losses to Canadian canola growers are estimated at from $681
Brazil’s beef packers halt production as cattle prices soar
Markets, News

Brazil’s beef packers halt production as cattle prices soar

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Reuters – Brazilian beef packers are halting production in selected locations, as a rise in costs that cannot be passed through to consumer prices have squeezed their margins, sources and industry representatives told Reuters. Multiple small, medium and large production facilities have gone through stoppages or remain idle as they adjust supply to demand, said
China seed industry seeks better laws to support innovation
News

China seed industry seeks better laws to support innovation

Without protection measures on new products, investments will be scarce, sector says

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China’s seed regulations need to be overhauled to boost innovation and protect investment in new products, executives said recently, amid a renewed focus on the sector for its critical role in ensuring food security. China’s leadership has said in recent months the country needs a “turnaround” in its seed industry, which is plagued by counterfeit
A recent shift toward more commercial-scale hog production in China has led to more use of soybean meal in rations.
Markets, News

China seeks to cut corn, soymeal content in animal feed

The country feels overly reliant on imported feedstocks

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Reuters – China’s Agriculture Ministry has launched a campaign to lower the content of corn and soymeal in animal feed, according to a document issued this week, which could have repercussions for the global grain trade. The document, sent to animal feed producers and other government departments, outlines a plan for nutrition experts to draw

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