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Soybeans

CBOT July 2022 corn (candlesticks) with 20- and 40-day moving averages (yellow and orange lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn edges higher as traders eye Midwest weather

Soybean, wheat futures weak

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Chicago | Reuters — U.S. corn futures rose on Thursday, briefly hitting a fresh 10-year high, on forecasts for more showers that will further delay planting in the rain-soaked Midwest, traders said. Soybean futures eased, with traders noting that the slow pace of corn planting could cause an uptick in soybean acres as the calendar […] Read more
Kinze is introducing the small 3505 six- and eight-row planter models. They will be available through dealers for the 2023 growing season.
Equipment, Machinery

New planter from Kinze

3505 True Speed planter to hit the market in 2023

By
In February, Iowa-based implement manufacturer Kinze announced its plans to introduce its new 3505 True Speed high-speed planter; however, it will be a few months yet before one arrives on dealers’ lots. But the company says it will be available in time for the 2023 growing season, and it will offer advanced technology and improved […] Read more
CBOT July 2022 soyoil (candlesticks, right column) with July 2022 soybeans (yellow line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soyoil futures rally to record high

Corn hits highest since August 2012

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Chicago | Reuters — U.S. soyoil futures surged to a record high on Wednesday after Indonesia broadened its export ban on raw materials for cooking oil to fight food inflation, traders said. “The move dramatically tightens an already tight global supply of edible oils that saw global prices surge when the Russian invasion of Ukraine […] Read more
CBOT July 2022 corn (candlesticks) with 20- and 100-day moving averages (yellow and dark green lines) and December 2022 corn (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: CBOT corn, wheat up on concerns about U.S. crops

Chicago soybean futures fall

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Chicago | Reuters — U.S. wheat and corn futures rose on Tuesday, supported by concerns that adverse weather in key production areas would limit the size of harvests this year, traders said. Soybean futures eased as Brazil’s Anec raised its outlook for the country’s export forecast for the oilseed. Losses were kept in check by […] Read more
Photo: iStock/Getty Images
Crops, Markets, Reuters

U.S. grains: CBOT soyoil futures fall from highs; pull soybeans lower

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Chicago | Reuters – Chicago Board of Trade soyoil futures fell on Monday, retreating from all-time highs after Indonesia’s agriculture ministry said that crude palm oil shipments would be excluded from a planned palm oil export ban. The weakness in soyoil pressured soybeans and soymeal, which also faced bearish headwinds from a sharp drop in […] Read more
EU flags in front of the headquarters of the European Commission in Brussels. (Jorisvo/iStock/Getty Images)
Canola, Crops, Markets, Soybeans

EU’s oilseed yields expected to decline in 2022-23

USDA's attaches predict uptick in EU's oilseed acres

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MarketsFarm — The U.S. Department of Agriculture’s (USDA) attachés in Europe have projected oilseed production in the 27-member European Union to increase just slightly in 2022-23. The 18 attachés involved in the report expect about 31.07 million tonnes in total, for a 0.4 per cent bump in total oilseed output from 2021-22. The oilseeds included […] Read more
CBOT July 2022 soyoil (candlesticks, right column) with 20-day moving average (dark green line) and July 2022 soybeans (yellow line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soyoil surges on Indonesia export ban

Soybean, corn futures sag on profit-taking

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Chicago | Reuters — U.S. soyoil futures surged to all-time highs on Friday after Indonesia blocked exports of palm oil, a competing vegetable oil, but soybean and corn futures fell on profit-taking ahead of the weekend. Wheat futures ended modestly lower after a choppy session as brokers weighed tightening global grain stocks against sluggish export […] Read more
File photo of fresh palm fruits and palm oil. (Slpu9945/iStock/Getty Images)
Crops, Markets, Reuters

Indonesia bans palm oil exports as global food inflation spikes

Government under pressure to control cooking oil prices

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Jakarta | Reuters — Indonesia, the world’s top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation. The halting of shipments of the cooking oil and its raw material, widely used in products ranging from […] Read more

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