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Paterson to build central Alta. grain terminal

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tagged Daysland grain elevator inland terminal Paterson Grain unit train loading
Winnipeg's Paterson Grain plans to make its move into the central Alberta grain handling market with a new inland terminal about an hour southeast of Edmonton. Paterson announced Thursday it plans to build a 55,000-tonne capacity handling site at Daysland, about 40 km southeast of Camrose, to start accepting grain sometime next year. The new unit train loading facility would be the third site in Alberta for privately-held, family-owned Paterson, which operates mainly in Manitoba and…
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U.S. grains: USDA data ignite biggest daily rallies in five years

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tagged cbot corn acres corn futures corn stocks soybean acres soybean futures soybean stocks USDA wheat futures
Chicago | Reuters -- U.S. grain and soybean futures on Tuesday climbed to their highest prices since December after the U.S. Agriculture Department said crop stockpiles and spring plantings were smaller than analysts expected. Traders are keeping a close eye on supply data amid uncertainty about how big the autumn corn and soybean harvests will be, following weeks of heavy rains in the Midwest. The storms have prevented farmers from finishing planting soybeans and raised concerns…
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CBOT weekly outlook: Weather seen steering soybeans

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tagged cbot corn futures soybean futures USDA
CNS Canada -- CBOT soybean futures posted solid gains over the past week, coming to a five-and-a-half month high on Tuesday. Weather guided the soybean trade, rather than the U.S. Department of Agriculture's acreage and stocks reports. John Weyer, co-director of the commercial hedge division at Walsh Trading, said soybeans came in near or above consensus. The report put planted soybean acres at 85.139 million, which compares with the average industry estimate of 85.171 million…
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ICE weekly outlook: Canola receives boost from soybeans

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tagged canola futures ICE Futures Canada soybean futures statscan USDA
CNS Canada -- The ICE Futures Canada canola market pulled higher during the week ended Tuesday, following heavy gains in the U.S. soy complex which advanced to its highest point in five months Tuesday. Traders were keenly observing Tuesday's 2015-16 Statistics Canada acreage report which called for 19.84 million acres of canola in Western Canada. That forecast was at the high end of traders' expectations but still below last year's output. In 2014/15, 20.24 million acres of canola…
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Potash miner Sirius wins approval for mine in British national park

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tagged polyhalite potash Sirius Minerals York Potash Yorkshire
London | Reuters -- Potash mine developer Sirius Minerals on Tuesday won the go-ahead to build a large mine in a scenic national park in Yorkshire, northern England, a company spokesman said, clearing a major hurdle in the construction of the US$3 billion project. The North York Moors National Park's planning committee members, who were called to vote on whether the economic benefit to the community outweighed the project's impact on the park landscape, voted 8 to 7 in favour of…
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U.S. livestock: Corn prices drop CME feeder cattle limit down

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tagged cattle futures CME corn futures hog futures USDA
Chicago | Reuters -- Thinly traded Chicago Mercantile Exchange feeder cattle futures closed down their 4.5-cent/lb. maximum daily limit on Tuesday, responding to steep corn market gains, traders said. Chicago Board of Trade corn futures jumped nearly eight per cent after the U.S. Department of Agriculture's bullish grain report. Pricey corn could increase input costs for feedlots. August closed 4.35 cents/lb. lower at 214.725 cents (all figures US$). September and October…
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U.S. corn, soy stocks grow less than expected

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tagged corn stocks soybean stocks supply and demand USDA wheat stocks
Washington | Reuters -- U.S. soybeans and corn stocks ballooned from a year ago but still missed market forecasts as strong demand ate into supplies, the U.S. Department of Agriculture said Tuesday. Wheat supplies were bigger than expected. U.S. wheat has struggled on the export market and weak prices for corn have cut demand for wheat from domestic livestock producers. Both corn and soybean futures surged after the report was released, rallying to their highest since…
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Canada’s canola crop woes cut crusher profits to two-year low

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tagged canola canola crops canola crushers canola oil canola seed crush margins
Winnipeg | Reuters -- Problems with Canada's canola crop are driving up the oilseed's price, cutting processors' margins to their lowest levels in two years and threatening to boost the price of a key ingredient of salad dressings and potato chips. Frost and dry conditions on the Canadian Prairies have damaged the crop, which processors, including Bunge and Richardson International, crush for vegetable oil. As of Monday, crushers' profit margin was $47.87 per tonne, according to…
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Yields to take precedence over acres in Canada

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tagged abandoned acres acres agreage estimates drought frost damage statistics canada statscan
CNS Canada -- Canadian farmers seeded a bit more canola and a bit less wheat than originally expected, according to updated acreage estimates from Statistics Canada, released Tuesday. However, worsening drought conditions in the western Prairies over the past month and the need for reseeding due to frost damage earlier in June mean actual yields will be much more important than the acreage base going forward. StatsCan pegged canola area at 19.84 million acres, up from 19.416…
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Prairies’ hot spell shuffles east

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tagged Canada temperature weather
The hottest spots on the Prairies pressed further east on Monday, with highs touching +34 C in the Weyburn/Estevan area of southeastern Saskatchewan while reaching just +19 C around Calgary, Edmonton and Red Deer. Monday's lows, at their lowest, touched +9 C at WeatherFarm stations around Meadow Lake in northwestern Saskatchewan, +12 C around Lloydminster and east of Grande Prairie and +13 C around Swan River and Roblin in northwestern Manitoba. For more…
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