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Soy and Corn Extend Rally on Weather Worries, Strong Demand

Soy and Corn Extend Rally on Weather Worries, Strong Demand
Bloomberg
1 hr ago
(Bloomberg)
Corn extended gains above $6 a bushel and soy topped $15, setting fresh mulityear highs, as China’s rampant demand and adverse weather threaten to further tighten supply.
Wheat has also rallied this month, adding to worries about global food-price inflation as consumers still contend with the coronavirus pandemic. Brazil’s second-corn crop is suffering from drought and U.S. planting has been slowed by a record cold snap. The freeze there may also have damaged some winter wheat, and western Europe lacks moisture for early growth of the grain. ....

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China Is Already Scooping Up U.S. Corn From the Next Harvest

China Is Already Scooping Up U.S. Corn From the Next Harvest
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Farmers Edge Jumps 14% in Trading Debut After Canadian IPO

Farmers Edge Jumps 17.5% in Trading Debut After Canadian IPO
Bloomberg
3/3/2021
Marcy Nicholson
© Bloomberg
Corn waits to be transported to storage bins during a harvest at a farm near Carman, Manitoba, Canada on Saturday, Oct. 10 2020. Costs of staples slumped at the start of the global outbreak reaching a four-year low in May as the virus curbed consumers purchasing power and energy demand, while good weather pointed to ample harvests.
(Bloomberg) Agricultural technology startup Farmers Edge Inc. jumped more than 17.5% in its Toronto trading debut after raising C$125 million ($99 million) in its Canadian initial public offering.
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Shares of the Winnipeg, Manitoba-based firm closed at C$19.98 on the Toronto Stock Exchange, above its IPO price of C$17 a share. That gives the company a market value of about C$813 million, based on 40.7 million shares outstanding. ....

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Corn Powers to $5 and Soybeans Spike

Corn Powers to $5 and Soybeans Spike
Bloomberg
1/6/2021
Kim Chipman and Megan Durisin
(Bloomberg) Soybean futures in Chicago extended their winning streak for a sixth day and corn exceeded $5 a bushel on expectations that the U.S. will cut domestic supply forecasts for the crops.
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The oilseed touched a six-year high and may still be under-priced due to the severe tightness of U.S. stockpiles, according to Rich Nelson, chief strategist at Allendale Inc. While corn isn’t seeing as extreme a shortage, soy bullishness will bolster the grain, he said. Meanwhile, farmer protests and dry weather in South America could further tighten supplies. ....

Zhu Liang , United States , Stefan Vogel , Don Keeney , South American , Bloomberg Corn , Kansas City , Chaos Ternary , ஜு லியாங் , ஒன்றுபட்டது மாநிலங்களில் , ஸ்டீபன் வோகல் , தாதா கீணேய் , தெற்கு அமெரிக்கன் , ப்ளூம்பெர்க் சோளம் , கன்சாஸ் நகரம் ,

ADM Stops Receiving Corn at Nebraska Plant as Grain Piles Up

Crop Trader ADM Stops Receiving Corn at Nebraska Plant as Grain Piles Up
Bloomberg
12/23/2020
Isis Almeida
© Bloomberg
Corn is loaded into a pile during a harvest at a farm in Union Springs, New York, U.S., on Saturday, Nov. 7, 2020. The House Agriculture Committee will return in the 117th Congress to hash out additional coronavirus pandemic aid for farmers and ranchers, and could take action on the long-awaited reauthorization of child nutrition programs and the Commodity Futures Trading Commission.
(Bloomberg) Archer-Daniels-Midland Co. will stop receiving corn at a processing plant in Nebraska as the idling of its dry ethanol mill causes grain to pile up. ....

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