China has approved 27 genetically modified corn seed varieties and 3 GM soybean varieties, expanding its list of approvals as it aims to increase the development and planting of high-yielding crops.
U.S. wheat futures rose 2.7 per cent on Monday as Russia's weekend attacks on Ukrainian ports underscored risks to exportable grain supplies from the Black Sea region, analysts said.
Soybean production in Argentina for 2023/24, along with beginning stocks and imports were revised downwards by the United States Department of Agriculture attaché in the capital of Buenos Aires.
Speculators were busy covering some of their large net short position in canola in early March, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Chicago Board of Trade wheat futures plunged on Thursday to approach their lowest level since 2020 and dragged corn prices down on spillover weakness, analysts said.
World production of wheat, corn and soybeans are all forecast to rise in the 2024/25 crop year, according to the first estimates from the International Grains Council for the upcoming growing season, released March 14.
Chicago Board of Trade (CBOT) corn futures eased on technical selling on Wednesday, as market participants sought profits and assessed U.S. spring planting, analysts said.