Chicago | Reuters — U.S. soybean futures hit a 3-1/2-week high on Tuesday on technical buying and forecasts for dry weather in the Midwest that could threaten late-season yield prospects, analysts said. Corn and wheat futures followed the higher trend. Chicago Board of Trade November soybean futures settled up 19 cents at $9.68-1/2 per bushel […] Read more
U.S. grains: Soy rises on technicals, dry forecast
Sharp differences over labour surface at NAFTA trade talks
Mexico City | Reuters — Tensions over sharp differences in pay between Mexican workers and their Canadian and U.S. counterparts surfaced on Sunday as negotiators discussed labour market rules in talks to overhaul the North American Free Trade Agreement. Canada’s biggest private-sector union said NAFTA should be scrapped if Mexico cannot agree to better labour […] Read more
Farm groups line up against feds’ tax proposal
National, regional and sector farm groups are forming up with several major business associations on the offensive against a proposal to reform how incorporated businesses are taxed in Canada. The federal finance department tabled a series of proposals July 18, opening them for public comment until Oct. 2 for a proposed effective date of Jan. […] Read more
Dow, DuPont wrap up merger
With Dow Chemical and DuPont now officially a married couple, the two companies’ agriculture businesses are scheduled to clear out of the house within the next year and a half. As per the terms of the merger-of-equals deal they first announced in late 2015, the two companies’ separate shares ceased trading in New York Thursday […] Read more
Cargill CEO sees Harvey not likely weighing much on farm freight
Mexico City | Reuters — Global commodities trader Cargill does not expect a significant impact on freight costs or logistics from the massive flooding caused by Hurricane Harvey in Texas and Louisiana, its top executive said Friday. Cargill CEO David MacLennan said while it was still too early to assess the full impact of the […] Read more
NAFTA talks resume in Mexico City
Mexico City | Reuters — Trade negotiators from Canada and the U.S. gathered under rainy skies in Mexico City on Friday to discuss the North American Free Trade Agreement, with the mood darkened by U.S. President Donald Trump’s persistent threats to pull out. Teams from the three countries were due to kick off a second […] Read more
U.S. grains: Corn lower as yield forecasts rise
Chicago | Reuters — U.S. corn futures fell on Friday on rising expectations of plentiful supplies from what should be a bumper Midwest harvest beginning later this month, analysts said. Soybean futures firmed, led by strength in soyoil, and wheat rose on technical buying ahead of a three-day U.S. holiday weekend. Markets will be closed […] Read more
U.S. grains: Corn jumps, joining broad commodities rally
Chicago | Reuters — U.S. corn prices rose about 3.5 per cent on Thursday, snapping a four-session slide as grain traders joined a broad rally in commodities on the last day of the month. Soybeans and wheat followed the firm trend. Chicago Board of Trade December corn futures settled up 12-1/4 cents at $3.57-3/4 per […] Read more
Herbicide supplier Albaugh said to be exploring sale
Reuters — Albaugh LLC is exploring a sale that could value the privately held U.S. producer of agricultural crop protection chemicals at more than US$1.5 billion, including debt, according to people familiar with the matter. Albaugh, controlled by its 67-year-old founder Dennis Albaugh, is working with investment bank JPMorgan Chase and Co. to discuss a […] Read more
U.S. grains: Corn, soy futures flat
Chicago | Reuters — U.S. corn futures fell to contract lows on Thursday on fund-driven selling tied to plentiful global supplies and expectations of a large Midwest harvest, analysts said. Soybeans followed the weak trend while wheat ended steady to lower. Chicago Board of Trade December corn settled down 3-1/4 cents at $3.45-1/2 per bushel […] Read more
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