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Around 20 per cent of Mexico’s corn imports from the U.S. are white corn, used to make food products such as tortillas. (Bhofack2/iStock/Getty Images)
Corn, Crops, Markets, Reuters

Mexico to rework decree on GM corn, economy minister says

GM corn, glyphosate bans now due to take effect in 2024

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Mexico City | Reuters — Mexico has offered to extend a deadline to ban genetically modified (GM) corn until 2025 and is working on a proposal to overhaul its plan, Economy Minister Raquel Buenrostro said on Wednesday. Buenrostro said President Andres Manuel Lopez Obrador had told the U.S. Mexico could delay the contentious GM corn […] Read more
CME February 2023 live cattle with Bollinger bands (20,2). (Barchart)
Livestock, Markets, Reuters

U.S. livestock: CME live cattle ease on seasonal retail softness

February hogs lower despite export optimism

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange dipped on Wednesday, as easing post-holiday retail demand, combined with strong cash cattle prices, eats into processor profitability. “This week specifically is when we transition to buying for a lower-demand period, post-holidays,” said Rich Nelson, chief strategist at Allendale Inc. “Packer margins are […] Read more
CBOT March 2023 soft red winter wheat with 20-day moving average (green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat steadies after one-year low

Soybeans firm on China demand, Argentina drought

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Chicago | Reuters — Chicago wheat climbed on technical buying on Wednesday after sliding to 13-month lows earlier in the week, as global supplies weigh on U.S. markets. Soybean futures gained, underpinned by export demand optimism and dry conditions in top exporter Argentina. Corn inched higher, supported by wheat and soy despite from weaker crude […] Read more
CBOT January 2023 soybeans (candlesticks, right column) with 20-day moving average (yellow line) and CBOT January 2023 soybean meal (purple line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans firm on exports, meal strength

Chicago wheat hits fresh 13-month low

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Chicago | Reuters — Chicago soybeans climbed on Tuesday, supported by fresh export sales and contract highs in soybean meal as weather concerns threaten Argentina’s crop, traders said. Wheat ended the session lower after trading near even much of the day, falling to fresh 13-month lows on strong global supplies. Corn followed wheat lower, despite […] Read more
CBOT March 2023 soft red winter wheat with 50-day moving average, MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat slides to 13-month low

Soybeans slip despite demand hopes

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Chicago | Reuters — Chicago wheat dropped on Monday, pressured by higher global supplies despite stronger-than-expected weekly U.S. exports, analysts said. Corn eased, pressured by lower wheat, though dry conditions in South America added support. Soybeans ended lower, underpinned by export demand and strong meal trade, though wheat weighed on the oilseed as well, traders […] Read more
CBOT March 2023 soft red winter wheat with 20-day moving average (green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat plunges to three-month low on export competition

Corn also down on weak demand, soybeans rise after selloff

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Winnipeg | Reuters — Chicago wheat extended losses on Friday to a fresh three-month low as modest weekly U.S. exports kept traders’ focus on competition from cheaper Black Sea supplies. Corn also fell, while soybeans rebounded, consolidating after a selloff in the previous session over disappointing U.S. biofuels levels. The most-active wheat contract on the […] Read more
Huawei chief financial officer Meng Wanzhou leaves her family home in Vancouver in this May 8, 2019 file photo. (Photo: Reuters/Lindsey Wasson)
Canola, Crops, Reuters

U.S. judge dismisses indictment against Huawei executive

Related charges remain against company

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New York | Reuters — A U.S. judge on Friday dismissed an indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies, formally ending a criminal sanctions case that strained U.S.-China and Canada-China relations. Meng, whose father Ren Zhengfei founded Huawei and is the telecommunications company’s chief executive, entered an agreement with U.S. prosecutors […] Read more
Huawei chief financial officer Meng Wanzhou leaves B.C. Supreme Court on a lunch break during her extradition hearing in Vancouver on Jan. 22, 2020. (Photo: Reuters/Jennifer Gauthier)
Canola, Crops, Reuters

Huawei executive’s U.S. bank fraud charges to be dismissed

Charges remain against company itself

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Reuters — U.S. prosecutors on Thursday asked a judge to dismiss bank fraud and other charges against Meng Wanzhou, the chief financial officer of China’s Huawei Technologies, whose 2018 arrest strained relations between the U.S. and China. Meng struck a deal with the prosecutors last year for the charges against her to be dismissed on […] Read more
CBOT January 2023 soybeans (candlesticks, right column) with 20- and 100-day moving averages and CBOt January 2023 soyoil (blue line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy snaps win streak on disappointing biofuel mandates

Wheat falls on export sale data; soy weakness weighs on corn

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Winnipeg | Reuters — Chicago soybeans fell on Thursday, snapping five days of gains as soybean oil sold off sharply after the U.S. government proposed smaller-than-expected biofuels blending requirements. Wheat slid on disappointing export sales, while soybean weakness dragged corn lower. The most-active soybean contract on the Chicago Board of Trade (CBOT) settled down 39-3/4 […] Read more
CBOT March 2023 soft red winter wheat with 20-day moving average (dark green line), MGEX March 2023 hard red spring wheat (yellow line) and K.C. March 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat rises on short-covering, China optimism

Wheat still lost nearly 10 per cent in November; soybeans rise on fresh China sales, corn down

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Winnipeg | Reuters — Chicago wheat rose for a second straight session on Wednesday, supported by end-of-the-month short-covering and investor hopes that China will loosen COVID-19 rules, although the grain declined sharply in November on competition from Black Sea supplies. Soybeans also ticked up, touching a two-month peak, as optimism that China will ease restrictions […] Read more

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