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Critics of Dow’s Enlist line suing U.S. EPA over approval

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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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Man. soybeans likely to sit in storage until new year

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CNS Canada -- The bulk of Manitoba's soybean crop may be off the field but isn't likely headed to market anytime soon, according to an analyst. Local elevators are filling up "incredibly fast" with crops such as wheat and oats, "so soybeans may or may not have bin space at some of these elevators," said Shawn Rempel, product manager for Quarry Seed at Stonewall, Man. The glut of soybeans in the U.S. has filled up many U.S. elevators also, putting Canadian shipments on the back…
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Upside likely limited for rising feed barley market

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CNS Canada -- Feed barley prices in Western Canada have shown some strength over the past month, but will need outside support to continue to move higher. Barley prices at Lethbridge, Alta. have moved off their harvest lows of $160 per tonne a month ago, to current levels around $180 per tonne, said Jim Beusekom of Market Place Commodities. A lack of farmer selling was a key supportive influence in barley, which Beusekom said was normal for this time of year. The rally in U.S.…
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U.S. livestock: Cash price record lifts CME live cattle to new high

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Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures touched a new high on Thursday in response to record-high prices for market-ready, or cash, cattle, traders said. Cash cattle in Texas and Kansas fetched $170 per hundredweight (cwt), up $6 from last week, and surpassed an all-time high of $166 set in parts of the U.S. Plains in July (all figures US$). Futures' recent rally and tight supplies forced packers to bid up for cattle despite their unprofitable margins…
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U.S. grains: Soybeans rally on robust export sales, technical buying

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Chicago | Reuters -- U.S. soybean futures rallied more than three per cent to a five-week high on Thursday on robust export demand and tight cash market supplies, with late-session technical buying adding to gains. Corn futures gained nearly two per cent and wheat climbed to a 1-1/2 month high on spillover strength from soybeans. "There's some renewed excitement in soybeans after the weekly sales report. There's also some building concern that USDA may be lowering ending stocks…
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ICE weekly outlook: Canola still married to soybeans

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tagged canola futures ICE canola
CNS Canada -- ICE Futures Canada canola futures were mostly higher during the week ended Wednesday, with some support coming from gains in the Chicago soy complex. Speculative-based short covering, after the January contract moved above the 30-day moving average at about $411 per tonne on Wednesday, was also bullish, according to analysts. The January contract was also approaching resistance of $420 per tonne, which could limit further gains in the market. The direction of…
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Harvest pressure looms for corn, soybean futures

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CNS Canada -- Soybean and corn futures at the Chicago Board of Trade (CBOT) moved higher during the week ended Wednesday, as rainfall over parts of the U.S. Midwest caused harvest delays. "The lows were put in at the beginning of October, and we've seen a nice rally off of that," said market analyst Bryan Strommen of Progressive Ag at Fargo, N.D. He said the slow harvest pace was a primary driver for the move higher in the futures. The U.S. corn harvest was only 33 per cent…
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U.S. wheat futures rising, but watching corn and beans

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CNS Canada -- U.S. wheat futures have shown some strength over the past month, but advancing harvest pressure from soybeans and corn may come forward to limit any additional independent strength in wheat over the next few weeks. After setting contract lows on Oct. 1, all three U.S. wheat markets have trended higher through the first three weeks of October. Statistics Canada data confirming Canada's much smaller wheat crop, and a U.S. Department of Agriculture report pointing to…
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Olymel plans major expansion at Que. chicken plant

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Meat packing giant Olymel has announced plans for $10 million in expansions and upgrades at one of its poultry further-processing plants in Quebec's Monteregie region. The company said Wednesday the planned expansions at its Ste-Rosalie facility will include 15,000 additional square feet of work space and storage, including a third cooking line, a spice warehouse, two loading docks and redevelopment of the plant's individually quick frozen (IQF) section. Olymel, the pork and poultry arm…
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PotashCorp fined for mine worker’s death

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Reuters -- A Saskatchewan court has fined PotashCorp $280,000 following a mine worker's death in 2012 when a machine used to move ore to conveyor belts backed over him. A Provincial Court judge in Saskatoon fined PotashCorp on Tuesday after the world's biggest fertilizer company pleaded guilty to one charge of failing to comply with occupational health and safety legislation. The Saskatoon-based company pleaded guilty to the charge and three other charges were withdrawn. The…
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