CBOT December 2018 corn with 50-day moving average. (Barchart)

U.S. grains: Corn hits seven-week high on USDA’s surprise yield cut

Chicago | Reuters — U.S. corn futures jumped more than 1 percent to a seven-week high on Thursday after the U.S. Department of Agriculture (USDA) unexpectedly cut its yield forecast for the 2018 crop, leaving stocks of the grain lower than anticipated. Soybean futures followed corn higher, reversing earlier losses as the government’s harvest outlook […] Read more

Canada thistle seedling. (Photo courtesy Canola Council of Canada)

Vietnam could halt imports of wheat containing thistle seed

Hanoi | Reuters — Vietnam might halt imports of wheat cargoes containing cirsium arvense, or thistle seed, while suggesting local importers should seek supplies from Kazakhstan, Australia and Argentina, local media reported on Thursday. Wheat importer Vietnam, whose main suppliers include Russia, Australia and Canada, has been battling with imported wheat contaminated with thistle seed […] Read more