Crop futures drift lower as USDA raises wheat, soy year end stocks

The USDA increased its forecast for U.S. year end stocks of soybeans and wheat due to disappointing pace of exports so far this crop year. Domestic corn ending stocks for 2017-18 were cut to 2.437 billion bu. from 2.487 billion bu. That was a little bullish for corn because analysts had expected corn ending stocks […] Read more

White House to host fresh biofuels talks to help refiners -sources

Dec 12 (Reuters) – The White House will host talks between the rival oil and ethanol industries on Wednesday hoping to broker a deal to help refiners struggling to meet the country’s biofuels policy, according to sources familiar with the matter. The meeting comes after the White House last week pressured Midwest lawmakers to take […] Read more

U.S. soybean, wheat ending stocks up as exports fall -USDA

WASHINGTON, Dec 12 (Reuters) – The forecast for U.S. year end stocks of wheat and soybeans were raised due to dwindling export demand for U.S. supplies in the monthly supply and demand report from the USDA. The government also trimmed its supply view for corn due to rising usage from the ethanol sector. There was […] Read more

U.S. soy processors build new capacity at fastest rate in 20 years

CHICAGO, Dec 11 (Reuters) – U.S. agricultural cooperatives are building new soybean crushing plants at the fastest rate in two decades as farmers in the world’s top producer prepare to sow another record area with soy. The growth worldwide in the number of consumers with income to spend on pork and chicken has led to […] Read more

Brazil soy crop might post new record

BRASILIA, Dec 11 (Reuters) – Brazil’s 2017-18 soy harvest may be equal to or greater than last year’s record production, Deputy Agriculture Minister Eumar Novacki told Reuters on Monday. The crop is all seeded and will be harvested in a few months. “We have been talking to farmers, and I think we may have a […] Read more

Crop futures sag on improved Argentina crop moisture

Crop prices were generally lower Monday as weekend rain in Argentina reduced worries about early crop damage in that country. More rain is in the forecast. Oilseeds, including canola, were also pressured by the slow pace of U.S. soybean exports. Corn and wheat set new contract lows, weighed down by ample supplies. OUTSIDE MARKETS Light […] Read more

Antibiotics sales for use in U.S. farm animals dropped in 2016 -FDA

By Theopolis Waters CHICAGO, Dec 7 (Reuters) — The sale and distribution of antibiotics approved for use in food-producing animals in the United States decreased by 10 percent from 2015 to 2016, a U.S. Food and Drug Administration (FDA) report said on Thursday. It was the first decline in year-to-year sales since the FDA began […] Read more

Canola futures fairly steady even with bigger crop estimate

Crop futures drifted a little lower on Friday, given the dominant market sentiment that supplies of the major grain and oilseeds are ample. But even while Statistics Canada this week increased its estimate of the canola crop by eight percent to 21.3 million tonnes compared to September estimate, canola futures have barely budged over the […] Read more

Canola drifts lower, weighed down by falling soy

Strong weekly U.S. soybean exports Thursday were not enough to stop the oilseed’s contract falling, which dragged down canola. Soybeans fell a little more than one percent mostly on profit taking and canola was down 0.4 percent. Statistics Canada increased most of its crop forecasts in Wednesday’s report, which weighed on canola and wheat. StatsCan […] Read more