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CGC data suggest canola quality down slightly on year

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CNS Canada -- The quality of Canada's 2014 canola crop is down slightly on the year, according to early harvest data compiled by the Canadian Grain Commission (CGC). With 1,132 samples received as of Wednesday, approximately 88 per cent of the canola samples were graded as No. 1. That compares with 93.7 per cent of all samples that hit the top grade in 2013. The CGC also noted "later-arriving samples may be graded lower due to green seed or other damages." The average oil content…
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Profitable U.S. feedlots buy more cattle in September

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Chicago | Reuters -- The number of cattle placed in U.S. feedlots in September increased one per cent from a year ago, a government report showed on Friday. Analysts attributed the gain in part to continued profits by feedlots that allowed them to purchase more young calves, or feeder cattle, to fatten. The U.S. Department of Agriculture report showed September placements at 2.007 million head. It was up one per cent from 1.988 million a year earlier. Analysts, on average, had…
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U.S. grains: Markets sink from highest levels in at least six weeks

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Chicago | Reuters -- U.S. grain and soybean futures tumbled Friday as traders booked profits after prices climbed to their highest level in at least six weeks. Soybeans retreated from a session high above US$10 a bushel amid expectations that rains next week will improve planting conditions in Brazil, the world's top exporter of the oilseed. In the U.S., dry weather is allowing farmers to make rapid progress harvesting corn and soybeans following rain delays. "We are starting…
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Blast, fire hit Dreyfus’ Sask. canola plant

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tagged dreyfus yorkton
Reuters -- An explosion and fire on Friday morning rocked Louis Dreyfus Commodities' canola-crushing plant at Yorkton, Sask., but the fire was later extinguished, a city official said. The explosion occurred around 9:30 a.m. CT and firefighters put it out later in the morning, City of Yorkton spokesman Roy Lanaway said. Brant Randles, president of the company, said in an email to Reuters that there were no injuries and the explosion occurred in an area that stores canola meal…
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ValueAct buys stake in fertilizer dealer Agrium

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Reuters -- Activist hedge fund ValueAct Capital on Friday disclosed it had bought a 5.7 per cent stake in Agrium, one and a half years after the Canadian fertilizer and ag retailer maker won a proxy battle aimed at breaking up the company. Agrium's shares jumped nearly seven per cent in morning trading in New York and Toronto. ValueAct bought about 8.2 million shares in Calgary-based Agrium for "investment purposes," the San Francisco-based fund said in a filing to the U.S.…
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U.S. livestock: CME live cattle pare initial gains before USDA report

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tagged cattle futures
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures settled lower on Friday, pressured by profit-taking ahead of the U.S. Department of Agriculture's monthly Cattle-On-Feed report, traders said. Most analysts expect Friday's report at 2 p.m. CT to show placements of cattle in U.S. feedyards likely grew last month compared with a year ago. Nervous CME live cattle market bulls pocketed profits after digesting this week's record-high cash prices and in response to…
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Peace region cools down Thursday

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While much of the Prairies saw temperatures in the high teens and little rainfall Thursday, the Peace region of Alberta and B.C. cooled down further, with daytime highs around Fort St. John just reaching 0 C. Most of central and southern Alberta, western and southern Saskatchewan and southern Manitoba saw daytime highs in the 15 to 19 C range Thursday. Highs in northeastern Saskatchewan and far northwestern Manitoba reached just 9 to 11 C. Overnight lows on Thursday dropped to the -1 to…
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PotashCorp hurt by fall in income from overseas investments

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Reuters -- Saskatchewan-based PotashCorp has narrowed its full-year earnings forecast range and reported a lower-than-expected quarterly profit as income fell from its overseas investments. The price of potash has plunged year over year, triggered by the breakup last year of trading partnership Belarusian Potash Co. that created more competition among producers. PotashCorp, the world's biggest fertilizer company by market value, said the average realized price for potash fell 8.5…
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Ukraine appeals to WTO over Russian ban on fruit, vegetable imports

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tagged fruit ukraine vegetables
Kiev | Reuters -- Ukraine has complained to the World Trade Organization (WTO) about a decision by Russia to ban imports of fruit and vegetables from the country, the agriculture ministry said Thursday. The ban, which came into force Wednesday, was the latest trade barrier erected by Russia in a trade and sanctions war linked to international tensions over Ukraine. Russia said it was imposing the ban because there was a suspicion that the goods are from the European Union and…
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Critics of Dow’s Enlist line suing U.S. EPA over approval

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tagged enlist corn
Reuters -- A coalition of U.S. farmer and environmental groups filed a lawsuit Wednesday seeking to overturn regulatory approval granted last week for an herbicide developed by Dow AgroSciences. The lawsuit, filed in the U.S. Court of Appeals for the Ninth Circuit in California, argues that the Environmental Protection Agency (EPA) did not adequately analyze the impact of one of the new herbicide's active ingredients, 2,4-D, before granting approval on Oct. 15 to Dow's Enlist Duo…
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