By Julie Ingwersen CHICAGO, June 27 (Reuters) – U.S. spring wheat futures soared to their highest level in nearly three years on Tuesday on forecasts for stressful weather in the northern Plains, analysts said. Corn and soybean futures also climbed after a U.S. Department of Agriculture (USDA) report said the condition of all three U.S. […] Read more
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Spring wheat soars to three-year high on declining U.S. crop condition
French wheat crop status uncertain after heatwave
Rtr Jn 27 Jury still out on state of French wheat crop after heatwave PARIS, June 27 (Reuters) – A heatwave that hit France last week has left analysts with mixed views on the impact it will have on the wheat harvest this year, with some strongly reducing forecasts while others saying it came too […] Read more
Syngenta eyes Bayer assets to bolster seed business
BASEL, June 27 (Reuters) – Switzerland’s Syngenta, the crop protection company acquired by ChemChina, has vowed to bulk up its seed business and join the chase for assets rival Bayer must sell to gain regulatory approval for its takeover of Monsanto. Syngenta, a distant third in the global seed market behind Monsanto and Dupont, is […] Read more
California to list glyphosate as cancer-causing; Monsanto vows fight
By Karl Plume June 26 (Reuters) – Glyphosate, the active ingredient in Monsanto Co’s popular Roundup weed killer and other products, will be added to California’s list of chemicals known to cause cancer effective July 7, the state’s Office of Environmental Health Hazard Assessment (OEHHA) said on Monday. Monsanto vowed to continue its legal fight […] Read more
Canola drifts lower to start week but spring wheat edges up
Canola futures edged a little lower and winter wheat fell, but spring wheat again posted a gain on Monday. Minneapolis spring wheat July is now at about a $2.10 premium over Kansas hard red winter wheat. July Kansas fell 11.25 cents on Monday while Minneapolis spring wheat rose 2.5 cents. Analysts are wondering how much […] Read more
Richardson buys European Oat Millers
WINNIPEG, Manitoba, June 26 (Reuters) – Richardson International, one of Canada’s largest grain handlers, said on Monday that it had purchased European Oat Millers in a deal that expands its geographic reach. The acquisition of European Oat Millers, the second-largest oat miller in Europe, closed on June 15, Richardson said in a statement. Both companies […] Read more
Cattle price might dip on large U.S. feedlot placements
By Theopolis Waters CHICAGO, June 23 (Reuters) – U.S. ranchers during May drove 12 percent more cattle into feedlots than a year earlier, the most for the month in a decade, the U.S. Department of Agriculture reported on Friday, topping average predictions. Higher cattle prices paid by packers last month generated more profits for feedlot […] Read more
U.S. winter wheat protein levels remain low, premiums swell
CHICAGO, June 23 (Reuters) – Reports show average protein levels in the U.S. hard red winter (HRW) wheat crop are still the lowest in years, heightening concerns about quality as the harvest progresses in top producer Kansas. Premiums for high quality HRW wheat with protein of 12 percent or more have swelled to levels unseen […] Read more
Decline in canola halts, spring wheat up again
Canola futures ended the week on an up note, posting a small gain but over the week they fell. Today’s positive showing was mostly simply an adjustment after the decline, but canola did get support from slightly stronger soy oil and a small decline in the Canadian dollar. Over the week, July fell $4.50 a […] Read more
Syngenta ordered to pay millions over GM corn
(Reuters) — A U.S. jury has ordered Syngenta AG to pay $217.7 million to more than 7,000 Kansas farmers over its decision to commercialize a genetically modified strain of corn before China approved importing it. Today’s verdict by a federal jury in Kansas City, Kansas, was announced by lawyers for the farmers, who blamed the […] Read more
