Chicago Close: Dollar Weakness Supports Corn, Soys

Oct 04, 2022

Weakness in the US dollar helped to push corn and soybean futures to gains on Tuesday, while wheat managed just a mixed close.

The greenback fell farther from two-decade highs set last month amid easing fears about global recession, said reports today. Gains in crude oil and broad-based strength in outside equity markets added to the upside in corn and soybeans.

Corn futures were further supported as Monday’s USDA crop progress report showed the US corn harvest at 20% complete as of Sunday, falling short of trade expectations. December corn was up 2 ¼ cents at $6.83 and March was 2 ½ cents higher at $6.90.

Soybeans were also underpinned by expectations OPEC will likely announce that they are cutting oil production at their meeting tomorrow. The crop progress report put the soybean harvest at 22% complete as of Sunday, a couple of points ahead of expectations. November beans gained 9 ½ cents to $13.83 ½, and January was up 9 ½ cents at $13.93 ½.

Wheat was mostly lower on a mix of profit taking and a lack of fresh news. Kansas City wheat was unchanged amid some support from dry conditions on the US central Plains. December Chicago wheat lost 9 cents to $9.03, December Kansas City was steady at $9.88 ¾, and December Minneapolis fell 3 ¾ cents to $9.76 ¼.

Source : Syngenta.ca

Video: Democratizing Gene Editing - Pairwise’s Vision for the Future of Agriculture

Pairwise has built its business around an idea that runs counter to how many companies approach innovation: make transformative technology easier to access.

In this Seed World interview, CEO Tom Adams discusses why broader access to gene editing could speed crop improvement, expand innovation opportunities and help agriculture address emerging challenges. He explains why Pairwise believes no single company can solve all of agriculture's problems alone—and why making advanced breeding technologies available to more organizations could accelerate progress across the industry.

The conversation explores how consumer trust influences technology adoption, why innovations like pitless cherries and seedless blackberries matter beyond convenience, and how future crop improvements could help address labor shortages, automation, harvest efficiency and other production challenges. Adams also shares his perspective on what the industry may be underestimating about the next wave of gene editing innovation.

Watch the full interview to hear why Pairwise believes agriculture is approaching an important inflection point for gene editing, and why the pace of innovation over the next decade could surprise the industry.

Topics Covered:

o Democratizing agricultural innovation

o Consumer trust and technology adoption

o The business case for sharing innovation

o Expanding innovation beyond major crops

o Next-generation breeding technologies