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Wheat bids edge lower across Prairies

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tagged cash wheat wheat bids wheat futures wheat markets
CNS Canada -- Cash bids for Canadian wheat were down during the week ended Friday, as values reacted to adjustments in the U.S. futures and the foreign exchange markets. Average Canada Western Red Spring (CWRS) wheat prices were down by C$3 to $5 per tonne, with bids ranging from $181 per tonne in north-central Saskatchewan to $206 per tonne in Manitoba, according to price quotes from a cross-section of delivery points across Western Canada. Quoted basis levels varied from…
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U.S. asks China to drop avian flu-related ban on poultry imports

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tagged avian flu China poultry imports
Washington | Reuters -- U.S. Agriculture Secretary Tom Vilsack on Monday asked China to drop a ban on imports of U.S. poultry imposed because of an outbreak of bird flu in chickens and turkeys. The U.S. wants China to limit trade only from states or regions that have had cases of the flu, which is deadly to poultry, Vilsack told reporters. Cases of avian flu prompted China and South Korea to impose bans on U.S. poultry imports earlier this year. Last year, the two countries…
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EU lifts wheat, barley, rapeseed yield outlook

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tagged EU European Union MARS
Paris | Reuters -- The European Union's crop monitoring service on Monday lifted its yield forecasts for this year's soft wheat, barley and rapeseed harvests with growing conditions remaining mostly favourable despite a recent dry spell. Yields will stay below levels seen in 2014, when the EU posted record production in several crops, but exceed the average of the past five years, the MARS service said in a monthly report. For soft wheat, the EU's most-produced cereal, MARS…
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Owner of Tim Hortons, Burger King posts strong Q1

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tagged burger king Restaurant Brands tim hortons
Reuters -- Restaurant Brands International said on Monday its Burger King and Tim Hortons chains posted their strongest same-store sales performance in years in the first quarter, with customers lured in by popular menu items. The company's stock rose more than three per cent in early trading but later pared gains. U.S. chain Burger King bought Tim Hortons for $12.64 billion in August, creating the world's third-largest fast-food restaurant group. The two chains are managed as…
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China’s wine growers beat France into second place

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tagged China france OIV wine
Paris | Reuters -- China overtook France last year as the world's second largest wine grower by area under cultivation as it continued to plant vast fields of mostly imported grape vines to meet growing demand. The world's second largest economy, which since 2013 consumes more red wine than any other country, has more than doubled the land devoted to vines since the start of the century to 799,000 hectares, the International Vine and Wine organization OIV said on Monday. It now…
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Chipotle goes GMO-free in first for U.S. fast-food sector

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tagged Chipotle Mexican Grill
Reuters -- Chipotle Mexican Grill on Monday said the 46 ingredients used in its roughly 1,800 restaurants were now free of genetically modified organisms, becoming the first major U.S. restaurant chain to make that switch. U.S. diners, particularly those in the sought-after young millennial generation, are seeking fresh foods that are less processed and more natural or organic. Part of that trend includes GMO-free foods. GMO advocates have warned that producing foods that are not…
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U.S. grains: Corn, wheat fall to six-month lows on weather

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tagged cbot corn futures soybean futures wheat futures
Chicago | Reuters -- U.S. corn and wheat futures fell on Monday to their lowest levels since October, on outlooks for speedy corn plantings in the U.S. Midwest and crop-friendly rains in the southern Plains wheat belt. Chicago Board of Trade (CBOT) corn futures extended declines to their sixth straight session amid forecasts for dry weather this week that will allow farmers to work fields. Analysts polled by Reuters expected the U.S. Department of Agriculture later in the day to…
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U.S. livestock: CME live cattle retreat after USDA report

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tagged cattle futures CME hog futures
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures closed lower on Monday, partly in response to Friday's bearish U.S. Department of Agriculture monthly Cattle on Feed report, traders said. Friday's report showed a bigger-than-anticipated movement of cattle into feedlots last month compared to a year ago. March's increased placements of heavier cattle could mean more beef and lower cash prices beginning around late summer, analysts and traders said. The…
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ADM to upgrade crush plants for soy

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tagged ADM canola Enderlin soybeans Windsor
Archer Daniels Midland plans to get ahead of increased soy acreage on the Prairies by upgrading two crushing plants to handle more soybeans. The U.S. agrifood firm said Monday it will upgrade its processing plant at Enderlin, N.D., about 80 km southwest of Fargo, to crush soybeans as well as canola and sunflower seed. At Windsor, Ont., where ADM already crushes both canola and soybeans, the company said it will upgrade a canola crushing line to "flex line" that can also handle…
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Klassen: Feeder market’s upward momentum eases

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tagged cattle markets fed cattle feeder cattle
Western Canadian cattle prices were extremely volatile this past week, trading $2 higher to as much as $5 lower in comparison to seven days earlier. The feeder cattle market appeared to stall out at the higher levels, with most auction barns experiencing smaller volumes. Spring-like temperatures and seeding preparation kept the small cattle farmer/producer at bay, while larger feedlot operations were watching weakness south of the border. Alberta packers were buying fed cattle in the range…
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