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Oilseeds

CBOT July 2021 corn (candlesticks) with 20-day moving average (yellow line) and December 2021 corn (orange high/low/close). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn sinks to one-month low on weather, technical selling

Soybeans, wheat follow corn lower

By
Chicago | Reuters — U.S. corn futures tumbled to a one-month low on Tuesday as timely spring planting and beneficial rains across most of the Midwest boosted crop prospects. Losses accelerated as corn prices fell below recent lows and breached other technical chart support levels. Soybeans and wheat also dropped on stronger harvest prospects as […] Read more
A view of Ceres Global Ag’s Northgate, Sask. facility as seen from its fertilizer shed in 2018. (Grainews photo by Lisa Guenther)
Canola, Crops

Ceres plans southern Saskatchewan canola crush plant

U.S. firm to build plant at border grain terminal

By ,
U.S. ag commodities firm Ceres Global Ag, which in recent years has built up a Prairie grain and oilseed origination hub near the North Dakota border in southeastern Saskatchewan, now plans to crush canola there also. The Minneapolis company said Tuesday it plans to spend US$350 million to build an integrated crush plant with capacity […] Read more
CBOT July 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soybeans sink after Midwest rains

Wheat down on big Kansas crop outlook, export competition

By
Reuters — U.S. corn and soybean futures fell on Monday as rains boosted recently planted crops across the U.S. Midwest and as traders weighed future export demand following a flurry of corn purchases by China last week. Wheat futures also fell, sinking to the lowest level in more than a month as prospects for a […] Read more
(Dave Bedard photo)
Crops, Markets, Weather

Dry weather may cut into Canadian crop prospects, AAFC says

By ,
MarketsFarm — Dry weather conditions across Western Canada could cut into production prospects in the region, according to updated supply/demand tables released Thursday by Agriculture and Agri-Food Canada. “Extremely dry conditions prevail in large parts of Western Canada, allowing for rapid seeding progress which is trending ahead of normal; however, timely precipitation this spring and […] Read more
CBOT July 2021 wheat (candlesticks) with MGEX July 2021 wheat (orange open/high/low/close) and K.C. July 2021 wheat (yellow OHLC). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Wheat hits one-month low, soybeans three-week low

Chicago corn down on profit-taking

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Chicago | Reuters — U.S. wheat futures fell on Friday, touching a one-month low on improving prospects for the crop in the U.S. Plains, traders said. Corn futures fell on a round of profit-taking after rising in three of the previous four sessions. Soybeans also closed lower, with concerns about demand outweighing a bargain-buying attempt […] Read more
A Kansas City Southern (KCS) rail car at Toluca, Mexico on Oct. 1, 2018. (File photo: Reuters)/Edgard Garrido)
Crops, Reuters

Kansas City Southern sticks with CN as CP won’t raise bid

CN confident of regulatory approval

By ,
Reuters — Kansas City Southern on Friday reiterated that Canadian National Railway’s offer was “superior” after Canadian Pacific Railway refused to raise its bid, moving a step closer to creating the largest-ever merger of North American railways by transaction value. The Canadian rivals have been locked in a takeover battle for the U.S. railroad operator […] Read more
A grain train pulls up alongside a cargo vessel at the Alliance Grain Terminal at Vancouver on Oct. 6, 2011. (File photo: Reuters/Ben Nelms)
Crops

Grain commission proposes big inspection fee cut

Effective Aug. 1 the cost of outward inspection would be cut by 29 per cent

By ,
The Canadian Grain Commission (CGC), whose role in Canadian grain quality assurance is under federal review, wants to cut its fees for four official grain inspection and official grain weighing services effective Aug. 1, the start of the new crop year. The change will save Canada’s grain sector millions of dollars over the next three […] Read more
A pair of Bombardier C series jets. (Bombardier.com)
Crops, Reuters

U.S. lawmakers to propose tax credit for sustainable aviation fuel

Fuel from plant oils, animal fats would qualify

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New York | Reuters — U.S. lawmakers plan to introduce a bill on Thursday that would create a tax credit for lower-carbon sustainable aviation fuel, which they hope will slash emissions of greenhouse gases from the aviation industry. The legislation, seen by Reuters, would impose a tax incentive of up to US$2 for every gallon […] Read more
CBOT July 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange, green lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn futures rise; soybeans, wheat weak

Kansas winter wheat tour sees record yield potential

By ,
Chicago | Reuters — U.S. corn futures rose on Thursday, with strong export demand highlighting concerns about dwindling crop supplies due to harvest shortfalls in Brazil, traders said. Soybeans and wheat weakened after firming early in the session. Private exporters reported the sale of 1.224 million tonnes of corn to China for delivery in the […] Read more
(Cia.gov)
Crops, Reuters

India’s federal police probe bosses of two fertilizer companies

Large-scale nutrient purchases often known to sway spot prices

By
Mumbai | Reuters — Indian authorities have opened an investigation into the heads of two leading fertilizer importing companies, alleging they secured commissions from overseas suppliers for inflating the prices of crop nutrient purchases. The Central Bureau of Investigation (CBI), India’s top crimefighting agency, said late Wednesday it was investigating U.S. Awasthi, managing director of […] Read more

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