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CBOT January 2023 soybeans (candlesticks) with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans, corn sag on worries about China demand

Upcoming USDA data in focus

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Chicago | Reuters — U.S. soybean futures dropped on Monday, retreating from a six-week high, pressured by fears about export demand after top buyer China denied it was considering easing its stringent zero-COVID policy. Traders were also adjusting positions ahead of monthly supply-and-demand reports due at mid-week from the U.S. Department of Agriculture (USDA). Wheat
Over 70 per cent of Argentina’s 2021-22 soybean crop sold
Grain Markets, Markets

Over 70 per cent of Argentina’s 2021-22 soybean crop sold

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Soybean producers had sold 70.3 per cent of Argentina’s 2021-22 crop through the third week of October, the agriculture ministry said Oct. 26.  The portion of the soybean crop sold to date underperforms the 74.2 per cent sold during the same period in the 2020-21 season.  Argentina, the world’s top exporter of processed soy, harvested
Photo: Thinkstock
Markets

Brazil moves closer to China corn exports as Beijing approves traders

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Beijing/Sao Paulo | Reuters – Chinese customs updated its list of approved Brazilian corn exporters on Wednesday, a move a Brazilian agriculture official said could jumpstart sales of corn to the world’s second-largest economy. The approvals could reshape global trade flows and result in fewer sales for farmers in the United States, the world’s top corn supplier.
Mycotoxins, such as vomitoxin, are produced primarily by Gibberella ear moulds (seen here) and can be disruptive when fed to livestock, especially hogs. Photo: OMAFRA
Crops

U.S. corn farmers wary of vomitoxin, latest stress on global grain supplies

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Chicago | Reuters – A fungus that causes “vomitoxin” has been found in some U.S. corn harvested this fall, causing headaches for growers and livestock producers and forcing ethanol plants and grain elevators to scrutinize grain deliveries. The situation is another hit to global grain supplies that have sunk to the lowest in a decade since Russia
Bunge’s refined and specialty oils segment turned in stronger quarterly earnings in the Americas and Europe. Photo: Thinkstock

Crop merchant Bunge raises full-year profit outlook

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Agricultural commodities trader Bunge Ltd BG.N on Wednesday raised its full-year earnings outlook after posting an adjusted third-quarter profit that topped expectations, sending its shares up about 2 per cent in premarket trading. The improved forecast was attributed to favorable market conditions as tight global crop supplies and strong demand have benefited supply chain middlemen
AAFC made some small tweaks in its estimates for the 2022/23 wheat crop. Photo: Greg Berg
Crops, Markets

AAFC tweaks some numbers as canola, pulses remain unchanged

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MarketsFarm – While Agriculture and Agri-Food Canada made some changes in its October supply and demand estimates from September, the department didn’t make any alterations to its data for canola, pulses and special crops. The department released its report during the late afternoon of Oct. 21. Of the grains and oilseeds, AAFC’s most notable revisions

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