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Exporters fear Brazil agents’ strike could hurt corn exports

Sao Paulo | Reuters — A strike by Brazilian federal agricultural agents responsible for approving certificates required for shipments could affect Brazil’s corn exports, the director of the cereal exporters association Anec Sergio Mendes said Friday. Mendes said the strike that started on Thursday was “the worst thing that could happen” to grain exports, though […] Read more





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USDA probes release of incorrect data that pressured crop prices

Chicago | Reuters — A U.S. Agriculture Department (USDA) unit is reviewing its procedures after posting incorrect crop data online on Wednesday, an error that temporarily pressured grain prices. The Farm Service Agency (FSA) inadvertently issued the wrong data on crop acreage around 5 a.m. CT and posted corrected data four hours later. The agency […] Read more




(Lisa Guenther photo)

CBOT weekly outlook: Corn, soy trade up, but fundamentals bearish

CNS Canada — Despite short-term bullish factors in Chicago Board of Trade (CBOT) corn and soybeans, one analyst anticipates prices will be pressured in coming weeks. To start the week, a turnaround in crude oil markets supported prices, said Terry Reilly, senior commodity analyst at Futures International. Rebounds in Malaysian palm oil prices are also […] Read more



(Lisa Guenther photo)

CBOT weekly outlook: Corn, soybeans bearish on economic woes

CNS Canada — CBOT (Chicago Board of Trade) corn and soybean futures have abandoned fundamental trading in favour of moving alongside macro-markets, which for the most part are bearish. “It’s not all doom and gloom, but it sure isn’t pretty right now,” said Scott Capinegro, president at Barrington Commodity Brokers. Outside influencers have been prevalent […] Read more