CHICAGO, Dec 30 (Reuters) – U.S. wheat futures fell on
Tuesday on profit taking and technical selling and as the
dollar’s strengthening against the euro added to
already-challenging U.S. wheat export prospects.
Corn followed wheat lower in a profit-taking setback after
the market hit a near six-month high the previous day.
CHICAGO, Dec 29 (Reuters) – U.S. corn futures declined on
Monday on technical selling and profit-taking after
stronger-than-expected weekly export sales earlier lifted the
market to its highest in nearly six months.
Soybeans also turned lower after earlier hitting a 6-1/2
week high, while wheat futures fell for a third straight
CHICAGO (Reuters) – Exports of U.S. agricultural products such as wheat, rice, soybeans and meat products stand to gain from a surprise U.S. move toward repairing relations with Cuba, agriculture industry officials said on Wednesday.
U.S. Department of Agriculture Secretary Tom Vilsack called the move an “important opportunity” that will make exports of U.S. farm goods cheaper, easier and less time-consuming for shippers.
CHICAGO, Dec 17 (Reuters) – The normalization of diplomatic
relations between the United States and Cuba is an “important
opportunity” for U.S. agriculture that will make exports of U.S.
farm goods cheaper, easier and less time consuming for shippers,
U.S. Department of Agriculture Secretary Tom Vilsack said on
President Barack Obama announced on Wednesday that the
United States plans to restore diplomatic relations with Cuba
more than 50 years after they were severed, a major policy shift
after decades of hostile ties with the communist-ruled island.
CHICAGO, Dec 16 (Reuters) – Despite molding corn stocks and
unreliable alternate suppliers, China is not expected to
immediately revive U.S. corn imports following Beijing’s
expected approval of a biotech variety responsible for a
year-long halt to shipments.
U.S. corn prices hit five-month peaks this week, partly on
reports that Chinese approval of Syngenta AG’s
Agricure Viptera corn could come in the near future and that
this could also help sales of dried distiller’s grains (DDGs), a
corn-based animal feed, into their biggest market.
CHICAGO, Dec 16 (Reuters) – Chinese buyers signed nine
contracts for a total of more than 1 million tonnes of U.S.
soybeans at a ceremony in Chicago on Tuesday.
The purchases are for delivery to China, the world’s top soy
importer, in calendar year 2015, said a U.S. trader at the
Dec 12 (Reuters) – Rejections of U.S. distillers’ dried
grain (DDGs) shipments, first by China and then by Turkey, are
isolated events and not a sign of broader trade disruptions to
come, U.S. traders and industry sources said on Friday.
The U.S. Grains Council on Thursday confirmed that Turkey
has rejected three shipments of the feed ingredient and ethanol
byproduct as it steps up enforcement of rules on imports of
genetically modified corn. A fourth cargo was diverted from the
No. 6 buyer of U.S. DDGs.
CHICAGO, Dec 12 (Reuters) – U.S. corn futures rose for a
second straight day on Friday, with the benchmark contract
rising above $4 a bushel to its highest in nearly five months,
fueled by short-covering and technical buying.
Wheat futures extended a rally to move above the
psychological $6 a bushel barrier as buying interest from
investment funds outweighed signs of a large global supply and
uncompetitive U.S. export prices.
CHICAGO, Dec 11 (Reuters) – U.S. corn futures rallied to a
one-month high Thursday on strong export sales and technical
buying, but prices came off peaks on a lack of follow-through
buying amid plentiful supplies.
Soybeans rose to recoup some losses from Wednesday, when the
market shrugged off a cut to U.S. stocks by the U.S. Department
of Agriculture and focused on improving chances of bumper crops
in South America.
CHICAGO, Dec 5 (Reuters) – U.S. grain transportation costs
have slumped to multi-year lows as last winter’s weather-related
shipping problems have so far failed to materialize, but even a
modest cold snap could still overwhelm the nation’s train, barge
and truck network and send costs soaring again.
Food company Kraft Foods Group Inc warned recently
that industry wide logistic problems would drag on earnings, and
grain processor Archer Daniels Midland Co said this week
that rail service troubles could flare up in the first quarter