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Prairie CWRS bids up with improving basis

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CNS Canada -- Average cash bids for Canada Western Red Spring (CWRS) wheat were firmer across Western Canada during the week ended Friday, lifted by improving basis levels in many areas as quality problems and slow harvest progress remain a concern for the Canadian spring wheat crop. The highest CWRS prices were still available in Manitoba, as average bids in the province gained about $7 from the previous week, coming in at roughly C$197 per tonne, according to prices quoted from a…
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Agricorp extends Ont. winter wheat deadlines

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Ontario's farm program delivery agency has put a seven-day extension on deadlines for seeding and reporting winter wheat acres in the province's south. Citing "advancements in farm management techniques and hardier varieties of wheat," Agricorp on Friday announced a new set of deadlines for winter wheat and organic winter spelt. For all fall-seeded crops, the deadline to make coverage changes and to report final acres to Agricorp will be Nov. 8. For winter wheat and organic winter spelt,…
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U.S. livestock: CME live cattle end higher, pare early losses

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Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures finished sharply higher on Monday, erasing early-session losses as they gained on short-covering and fund buying before the end of the quarter on Tuesday, traders and analysts said. October live cattle closed up 2.5 cents per pound at 160.95 cents, and December was 2.375 cents higher at 164.475 cents (all figures US$). In a trading strategy known as bull spreads, investors simultaneously bought October and sold…
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U.S. grains: Corn, soybeans rebound from multi-year lows

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Chicago | Reuters -- U.S. corn and soybeans edged higher on Monday, rebounding from multi-year lows reached earlier in the session as investors covered short positions ahead of a U.S. Department of Agriculture Department due on Tuesday. Wheat futures also were higher at the Chicago Board of Trade after the dollar trimmed gains against a basket of other currencies. Plentiful global grain supplies and a surging greenback have made U.S. corn and wheat less competitive in top export…
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Late harvest, poor grain prices may limit fall fertilizer demand

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CNS Canada -- Poor grain prices and a late harvest may limit demand for fertilizer across North America this spring, according to an industry analyst. However, whether farmers will actually purchase less fertilizer remains to be seen, as record-large U.S. crops have also depleted nutrient levels, increasing the need for applications. "That's the $64 million question," said David Asbridge, president and senior economist with NPK Fertilizer Advisory Service in Missouri. He…
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Klassen: Feeder cattle market surges

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Western Canadian feeder cattle prices surged $4-$6 per hundredweight (cwt) and in some cases as much as $10/cwt over the past seven days. Feedlot buyers became more aggressive in the market, now that corn silage season in southern Alberta is in the final stages. Favourable weather also enhanced buying interest, and the same old story regarding the tight supply situation continues to dominate attitudes in the crowd. It appears U.S. third-quarter beef production will be sharply below…
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Better cash prices expected for canola, post-harvest

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CNS Canada -- Farmers in Western Canada have seen weaker prices on the cash market for canola recently, due to a tumbling futures market and an influx in supply as harvest progresses. Some panic-related farmer selling off the combine, as futures continue to drop, was also contributing to the weakness. But prices should start to increase after harvest, as basis levels are expected to improve, said Errol Anderson of ProMarket Communications in Calgary. “I think once canola is…
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Ont. ag minister mandated to cut farmers’ neonic use

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Ontario's premier has made it part of her agriculture minister's mandate for the coming crop year to "meaningfully" cut down farmers' use of neonicotinoid pesticides. In her mandate letter for Agriculture Minister Jeff Leal, dated Thursday, Premier Kathleen Wynne tasks him to work with Environment Minister Glen Murray, other ministers and "industry partners and stakeholders" on an action plan to "meaningfully reduce neonicotinoid use for the 2015 growing season, including measurable…
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U.S. says unapproved genetically modified wheat found in Montana

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Reuters -- Monsanto's experimental genetically engineered wheat, never approved for sale, has been found growing in a second U.S. state, and regulators said Friday they could not explain how the plants escaped field trials that ended almost a decade ago. About a year after discovery of the company's unapproved wheat in a single Oregon field disrupted U.S. wheat export sales, the GMO wheat has also been found in Montana, the U.S. Department of Agriculture's Animal…
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U.S. grains: Corn at five-year low, soy four-year low on accelerating harvest

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Chicago | Reuters -- U.S. corn futures slumped to a five-year low Friday while soybeans notched a fresh four-year low amid ideal weather conditions for record harvests in the U.S. Midwestern crop belt, while new highs in the dollar made the supplies less competitive in global markets. Wheat futures were mostly lower, pressured by prospects of a record global crop this season. The dollar widened gains over a basket of other currencies, giving shippers in Europe and South America…
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