Chicago | Reuters — U.S. soybean futures fell 3.8 per cent on Thursday, giving up early gains after new weather forecasts boosted expectations of a robust harvest in the U.S. […] Read more
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Oilseeds
U.S. grains: New forecast ends rallies
Bayer sweetens offer for hesitant Monsanto
Reuters — German drug and crop chemical group Bayer on Thursday announced details of a sweetened US$64 billion bid for Monsanto as it tries to put the U.S. seed company […] Read more
Mosaic idles Saskatchewan potash mine
Reuters — Fertilizer producer Mosaic Co. has idled production at its Colonsay, Sask. potash mine for the rest of 2016, and temporarily laid off 330 workers, the company said in […] Read more
Storms trim potential for big Prairie crops
Reuters — Heavy rain and strong winds are likely to curb the potential for Western Canada’s crops, government officials said, but the harvest may still be bigger than average. Pockets […] Read more
Monsanto reported exploring BASF ag unit buy
Reuters — Seed company Monsanto, which rejected Bayer’s buyout offer in May, is exploring various transactions, including the acquisition of BASF’s agriculture-solutions unit, news service Bloomberg reported. In return, BASF […] Read more
CBOT weekly outlook: Corn, soy enter temperature-driven phase
CNS Canada — Chicago Board of Trade corn and soybean futures are entering a period that is typically driven by weather concerns and little else. The U.S. Department of Agriculture […] Read more
ICE weekly outlook: Weather market ahead
CNS Canada — ICE Futures Canada canola prices edged up on the week, propped up by soggy Prairie fields and the anticipation for warm, dry weather in the U.S. Going […] Read more
First U.S. trader convicted of spoofing sentenced to jail
Chicago | Reuters — A U.S. judge sentenced futures trader Michael Coscia to three years in prison on Wednesday, a lighter punishment than prosecutors had sought for the first person […] Read more
U.S. grains: Corn, soybeans extend rally as fundamentals improve
Chicago | Reuters — U.S. soybean and corn futures rallied on Wednesday, both posting their second straight day of sharp gains on concerns about hot and dry weather cutting into […] Read more
U.S. grains: Soybeans jump on worries heat may threaten crops
Chicago | Reuters — U.S. grain futures rose on Tuesday, with soybeans touching a one-week high, on worries that a heat wave may threaten crops later this summer. Concerns about […] Read more